Aten Papers & Foam IPO
Open SmeCurrent GMP
₹10 (+10.42%)
Price Band
₹ 91 – 96
Lot Size
1200
Issue Size
₹31.68 Cr
Minimum Investment
₹230400 (2400 Shares)
Listing Date
20 June 2025
Subscription
1.54x
About the Company
Aten Papers & Foam Limited, originally incorporated as "Aten Papers & Foam Private Limited" on January 7, 2019, became a Public Limited Company on May 16, 2024. The company operates as a key intermediary in the paper product supply chain, primarily procuring paper from paper mills and selling it to clients in the packaging industry. It also purchases wastepaper from stockists, which is a vital raw material for paper mills. The company offers a diverse range of paper products, including Kraft Paper and Duplex Board, with specifications tailored to customer needs.
The company’s operations are based in Ahmedabad, where it runs a registered office and a godown in Changodar. Aten Papers & Foam serves the domestic market, mainly in Gujarat, and has built its growth on the expertise of its management team. The Promoters, Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani, have more than two decades of industry experience and have been crucial in the company’s success.
Aten Papers & Foam plans to expand its business by setting up three wastepaper processing units in Ahmedabad, with the goal of processing wastepaper for various paper mills. These units will be located in Changodar, Sanand, and Narol.
The company’s competitive strengths include:
- Experienced Management Team: The management’s extensive experience in the paper industry enables the company to adapt to market demands and innovate.
- Product Variety: The company offers a wide range of paper products, focusing on customized solutions for customers in packaging and printing industries.
- Credibility and Financial Intermediary Role: With a strong credit history and banking relationships, Aten acts as a financial intermediary, providing credit to mills and end-users, which strengthens its negotiation power.
- In-house Logistics: The company owns commercial vehicles to ensure efficient door-to-door delivery and minimize transportation costs.
- Ready Stock: Aten maintains a large inventory of paper products, ensuring consistent availability and timely delivery to customers throughout the year.
Overall, Aten Papers & Foam Limited is well-positioned for growth and profitability in the dynamic paper industry, supported by its experienced leadership, strong supply chain, and innovative strategies.
Promoters
- Mr. Mohamedarif Mohamedibrahim Lakhani
- Mrs. Amrin Lakhani
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
0.00%
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Capital Expenditure
- To Meet Working Capital Requirements
- General Corporate Purposes
Address / Contact Info
Aten Papers & Foam Limited
Block-A, 102/A, F. F, Tirmizi Heights,
Opp Bombay Housing Colony,
Near Kirtikunj Society,
Ahmedabad-380028, Gujarat
Phone: +91-9537861212
Email: cs@atenpapers.com
Website: http://www.atenpapers.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 13 June 2025
IPO Close Date
Tuesday, 17 June 2025
Basis of Allotment
Wednesday, 18 June 2025
Initiation of Refunds
Thursday, 19 June 2025
Credit of Shares to Demat
Thursday, 19 June 2025
Listing Date
Friday, 20 June 2025 — NSE & BSE
Important Dates
Open Date
13 June 2025
Close Date
17 June 2025
Basis Of Allotment
18 June 2025
Listing Date
20 June 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 34.9 | 32.92 | 29.62 | 27.85 |
| Revenue | 138.7 | 96.8 | 91 | 89.82 |
| Profit After Tax | 7.01 | 2.78 | 0.5 | 0.76 |
| Net Worth | 14.04 | 7.03 | 4.25 | 3.74 |
| Reserve & Surplus | 7.04 | 6.03 | 3.25 | 2.75 |
| Total Borrowings | 11.13 | 15.67 | 16.03 | 15.44 |
EPS Pre
10.02%
EPS Post
6.81%
P/E Pre
9.58
P/E (Post Issue)
14.10x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 66.53 |
| ROCE % | 43.84 |
| Debt / Equity | 0.79 |
| RoNW % | 49.93 |
| PbW | 0 |
| Pat Margin % | 5.06 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 154800 | 0 | 0 |
| Non-Institutional | 1489200 | 0 | 0 |
| Retail Investors | 1490400 | 0 | 0 |
Subscription Status ( Tue, 17 Jun 25 01:54 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 154800 | 450000 | 2.91x |
| Non-Institutional | 1489200 | 1147200 | 0.77x |
| Retail Investors | 1490400 | 3244800 | 2.18x |
| Total | 3134400 | 4842000 | 1.54x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 115,200.00 |
| Retail (Max) | 1 | 1,200 | 115,200.00 |
| S-HNI (Min) | 2 | 2,400 | 230,400.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Swastika Investmart Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Aten Papers & Foam IPO is a Book-building IPO worth ₹31.68 crores. The price band is ₹91 to 96 per share. The IPO opens on Fri, Jun 13, 2025 and closes on Tue, Jun 17, 2025. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Aten Papers & Foam IPO opens on Fri, Jun 13, 2025 and closes on Tue, Jun 17, 2025
Aten Papers & Foam IPO Price Band is ₹91 to 96.
Aten Papers & Foam IPO lot size is 1200, and the minimum amount required for application is ₹230400.
The minimum investment for Aten Papers & Foam IPO is approximately ₹230400 based on the upper price band.
To apply for the Aten Papers & Foam IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Jun 17, 2025. After submission, funds are blocked until the basis of allotment of Aten Papers & Foam IPO is finalised.
Aten Papers & Foam IPO issue size is ₹31.68 crores.
Aten Papers & Foam IPO allotment date is Sat, Jun 27, 2026.
The registrar for Aten Papers & Foam IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Aten Papers & Foam IPO through their official website or helpline.
The Aten Papers & Foam IPO GMP (Grey Market Premium) is ₹10 as of Tue, Jun 17, 2025. Based on the upper price band of ₹96 per share, the estimated Aten Papers & Foam IPO listing price is ₹106, indicating a potential listing gain of approximately 31% over the issue price.