Aten Papers & Foam Ltd. was incorporated on January 07, 2019. The company acts as an intermediary in the paper product supply chain, procuring paper from mills and reselling it to packaging clients. It also trades wastepaper with mills and offers Kraft paper and Duplex Board in various grades and specifications.
| Bidding Dates |
|---|
| 13 Jun 2025 - 17 Jun 2025 |
| Subscription |
|---|
| 1.47x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,09,200 | 1 | 1 | 1200 | 3.3 M | ₹91 - ₹96 | 67.96 % | ₹300.3 M - ₹316.8 M | RHP DOC |
Aten Papers and Foam IPO SUBSCRIPTION STATUS
17 Jun '25Aten Papers and Foam IPO overall subscription rate was 1.47 times the total available shares
Aten Papers and Foam IPO retail subscription rate was 2.81 times in the retail segment
Aten Papers and Foam IPO non-institutional investor subscription rate was 2.32 times in the non-institutional investor category
Aten Papers and Foam IPO Qualified Institutional Bidder subscription rate was 0.27 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
17 Jun 2025 (Day 3) | 2.81x | 2.32x | 0.27x |
16 Jun 2025 (Day 2) | 1.81x | 1.68x | 0.1x |
13 Jun 2025 (Day 1) | 1.21x | 1.25x | 0.1x |
Aten Papers and Foam FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 7.0 | 138.7 | 5.3 | 5.3 | 7.7% |
| FY24 | 2.8 | 96.8 | 1.9 | 1.9 | 5.3% |
| FY23 | 0.5 | 91.0 | 0.5 | 0.4 | 2.1% |
| FY22 | 0.8 | 89.8 | 3.7 | 3.0 | 2.1% |
Aten Papers and Foam IPO SUBSCRIPTION STATUS DETAILS
Aten Papers and Foam had 3.3 M shares on offer
Aten Papers and Foam IPO offer price was in the range ₹91 - ₹96
Aten Papers and Foam IPO minimum Investment was ₹109200
Aten Papers and Foam IPO issue size was ₹ 300.3 M - ₹ 316.8 M
Aten Papers and Foam had a minimum lot size of 1200 Shares per application
Aten Papers and Foam NUMBER OF SHARES ON OFFER
Aten Papers and Foam IPO IMPORTANT DATES
| Issue Open Date | 13 Jun 2025 |
| Issue close Date | 17 Jun 2025 |
| Allotment Date | 18 Jun 2025 |
| Refund Date | 19 Jun 2025 |
| Demat Account Credit Date | 19 Jun 2025 |
| Listing Date | 20 Jun 2025 |
| Listing on Exchange(s) | BSE |
| Aten Papers and Foam Allotment Status | Exchange/ Registrar |
Aten Papers and Foam IPO subscription opened on 13 Jun 2025, and closed on 17 Jun 2025
IPO allotment for Aten Papers and Foam was finalized on Wednesday, 18 Jun 2025
IPO listing for Aten Papers and Foam was on BSE on Friday, 20 Jun 2025
Aten Papers and Foam IPO LISTING GAINS
| Issue Price (adjusted) | 96.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 85.5 |
| Listing Gain% | -6.3% |
| Current Gain% | -78.1% |
Aten Papers and Foam Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aten Papers & Foam Ltd. | 21 | 21.6 | 2.9 | 0.5 | 0.1 | 14.9 | 10 | 186.9 | 34.8 | 7.4 | 5.4 | 7.2 | 5.4 |
| Aditya Birla Real Estate Ltd. | 1382.8 | 15445.3 | -149.6 | -4.2 | 37.9 | -2.8 | -0.5 | 459.2 | -63.5 | -103.2 | 36 | -9.2 | 36 |
| JK Paper Ltd. | 387 | 7017.9 | 21.6 | -2.8 | 1 | 4.8 | 2.5 | 7136.1 | 4.5 | 265.8 | -35.1 | 17.9 | -7.7 |
| West Coast Paper Mills Ltd. | 599.1 | 3957 | 26.3 | -0.5 | 0.9 | 4.2 | 2.8 | 4393.2 | 2.8 | 150.6 | -51.6 | 22.8 | -51.6 |
| KS Smart Technologies Ltd. | 106.4 | 1745.7 | -5409.3 | 81.8 | 859.1 | -0.1 | -0.1 | 2.1 | -0.3 | -66 | 0 | -66.1 | |
| Seshasayee Paper & Boards Ltd. | 229.2 | 1445.6 | 14.6 | 1.1 | 0.8 | 4 | 3.3 | 1759.2 | -3.5 | 82.5 | -24.4 | 15.7 | 13 |
Aten Papers and Foam INFORMATION ON IPO ISSUE
About Aten Papers and Foam
Aten Papers & Foam Ltd. was incorporated on January 07, 2019. The company acts as an intermediary in the paper product supply chain, procuring paper from mills and reselling it to packaging clients. It also trades wastepaper with mills and offers Kraft paper and Duplex Board in various grades and specifications.
Object of the Issue
- Capital expenditure
- To meet working capital requirements
- General corporate purposes
Aten Papers and Foam - PROMOTERS
| Name |
|---|
| Mohamedarif Mohamedibrahim Lakhani |
| Amrin Lakhani |
Aten Papers and Foam Book Running Lead Manager
Swastika Investmart Limited
merchantbanking@swastika.co.in
Aten Papers and Foam Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Aten Papers and Foam Strengths
Variety of products
The company trades and supplies customised paper products, sourcing packaging, printing, and recycling mills. It maintains inventory and processes paper as per customer needs
Financial strength
The company has maintained strong credibility with its bankers and a Rs 900 lakh credit facility since 2019. It supports small mills with cash purchases and provides credit to end users, acting as a financial intermediary. This role enhances negotiation power and improves margins
In-house logistics
The company owns four commercial vehicles for door-to-door delivery, reducing transportation costs. It transports products from mills to customers and outsources logistics when needed
Aten Papers and Foam Risks
Dependent on few suppliers
The company relies on a few key suppliers, with the top ten contributing over 77% of total purchases. A loss of any major supplier could impact operations. Additionally, a significant portion of purchases comes from related parties. While the company seeks new suppliers for better quality and pricing, there is no guarantee of maintaining long-term relationships or securing timely replacements
Asset ownership risk
The company rents all its premises, including warehouses and offices, from its promoters. Any dispute or failure to renew rental agreements could disrupt operations and impact business performance
Geographically concentrated
With over 97% of its revenue from Gujarat, the company is highly dependent on this region. Economic, political, or competitive changes could impact sales and business performance. Expansion efforts continue, but high concentration increases vulnerability to market shifts
IPO FAQs
The promoters of the company are Mohamedarif Mohamedibrahim Lakhani and Amrin Lakhani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 91.0 - 96.0.
The IPO application opens on Jun 13, 2025 and closes on Jun 17, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 109,200.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Jun 18, 2025.
The refund will be credited to your account on Jun 19, 2025.
The allotted shares will be credited to your demat on Jun 19, 2025.
Aten Papers & Foam Ltd.’s shares listed on the stock exchanges on Jun 20, 2025.