Aten Papers & Foam Limited, has launched its initial public offering (IPO) on Jun 13, 2025, aiming to raise Rs 31.68 crore through fresh issue of 33.00 lakh equity shares. Aten Papers & Foam Limited IPO is set to close on Jun 17, 2025, with the shares expected to be listed on the BSE SME platform on Jun 20, 2025.
Aten Papers & Foam Limited Company Overview
Aten Papers & Foam is an Indian manufacturing company specializing in paper and foam products. The company produces a variety of foam-based goods such as mattresses, cushions, and packaging materials, alongside paper products used in packaging and printing. Aten serves both industrial and retail markets, with a growing distribution network across India. It focuses on eco-friendly production practices and quality assurance to meet customer demands. With consistent expansion, Aten Papers & Foam aims to strengthen its position in the domestic and export markets.
Aten Papers & Foam Limited IPO Details
Aten Papers IPO is a bookbuilding IPO of Rs 31.68 crores. The issue is a complete fresh issue of Rs 31.68 crores. Swastika Investmart Ltd is the book running lead manger of the Aten Papers & Foam IPO, Skyline Financial Services Private Ltd is the Registrar for the issue. Market maker for Aten Papers IPO is Sunflower Broking Private Limited.
| Issue Type | Bookbuilding IPO |
| Face Value | Rs 10 per share |
| Issue Price | Rs 91 – Rs 96 per share |
| Lot Size | 1200 shares per lot |
| Issue Size | Rs 31.68 crore |
| Fresh Issue | Rs 31.68 crore |
| Offer for Sale (OFS) | Rs 0 crore |
| Listing at | BSE SME |
| Market Capitalization | Rs 98.88 cr |
| Book Running Lead Managers | Swastika Investmart Ltd |
| Registrar | Skyline Financial Services Private Ltd |
| Market Maker | Sunflower Broking Private Limited |
Aten Papers & Foam Limited IPO Timeline
Aten Papers & Foam IPO opened on 13th Jun 2025 and Closes on 17th Jun 2025. Find Aten Papers & Foam IPO tentative dates below.
| IPO Open Date | 13-Jun-2025 (Friday) |
| IPO Close Date | 17-Jun-2025 (Tuesday) |
| Allotment | 18-Jun-2025 (Wednesday) |
| Initiation of Refunds | 19-Jun-2025 (Thursday) |
| Demat Credit of Shares | 19-Jun-2025 (Thursday) |
| Listing Date | 20-Jun-2025 (Friday) |
| Cut off time for UPI mandate confirmation | 17-Jun-2025 at 5PM |
Aten Papers & Foam Limited IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table shows the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1200 | Rs 1,15,200 |
| Retail (Maximum) | 1 | 1200 | Rs 1,15,200 |
| HNI (Minimum) | 2 | 2400 | Rs 2,30,400 |
Aten Papers & Foam Limited IPO Objectives
The proceeds from the Aten Papers IPO will be utilised for following purposes:
| Purpose | Amount (in Rs) | Percentage |
|---|---|---|
| Working Capital Requirements | 15.50 Crore | 49.00% |
| Capital expenditure | 4.25 Crore | 13.40% |
| General corporate purpose |
Aten Papers & Foam IPO Financial Performance
Find Aten Papers & Foam IPO last 3 years financial details below.
| Financials | 31-Mar-25 (Crores) | 31-Mar-24 (Crores) | 31-Mar-23 (Crores) |
|---|---|---|---|
| REVENUE | 138.70 | 96.80 | 91.00 |
| ASSETS | 34.90 | 32.92 | 29.62 |
| NET WORTH | 14.04 | 7.03 | 4.25 |
| TOTAL DEBT | 11.13 | 15.67 | 16.03 |
| PAT | 7.01 | 2.78 | 0.50 |
Aten Papers & Foam Limited IPO Strengths and Risks
Strengths:
- Strong positioning as an intermediary in the paper product supply chain.
- Established network with paper mills and packaging industry clients.
- Diversified product portfolio including Kraft Paper, Duplex Board, and wastepaper trading.
- Experienced management team with over two decades in the industry.
- Strategic expansion into wastepaper processing units to strengthen market presence.
Risks:
- Dependence on Gujarat market exposes business to regional risks.
- Potential operational inefficiencies in new wastepaper processing expansion.
- Vulnerability to raw material price fluctuations and supply chain disruptions.
- Legal and regulatory risks including tax-related matters and compliance challenges.
- Competition from established players in the paper trading and processing industry.
Aten Papers & Foam IPO Grey Market Premium (GMP)
Aten Papers & Foam Limited unlisted shares are trading at Rs 106, indicating a GMP of Rs 10, which is about 10.4% above the upper price band of Rs 96 .
Aten Papers & Foam Limited IPO Review: Avoid
Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.