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Aten Papers & Foam IPO

Open Sme
BSE 13 June - 17 June 2025
Aten Papers & Foam Limited IPO is a book build issue of 31.68 Cr. The issue is entirely a fresh issue of 3300000 shares aggregating to 31.68 Cr. Aten Papers & Foam Limited IPO opened for subscription on Jun 13, 2025 and closed on Jun 17, 2025. The allotment for the this IPO was finalized on Jun 18, 2025. IPO was listed on NSE and BSE on Jun 20, 2025. Aten Papers & Foam Limited IPO is set issue price band at ₹91 to ₹96 per share.

Current 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:

  1. Experienced Management Team: The management’s extensive experience in the paper industry enables the company to adapt to market demands and innovate.
  2. Product Variety: The company offers a wide range of paper products, focusing on customized solutions for customers in packaging and printing industries.
  3. 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.
  4. In-house Logistics: The company owns commercial vehicles to ensure efficient door-to-door delivery and minimize transportation costs.
  5. 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

  1. Mr. Mohamedarif Mohamedibrahim Lakhani 
  2. 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:

  1. Capital Expenditure
  2. To Meet Working Capital Requirements
  3. 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

Face Value₹10 per share
Price Band₹ 91 – 96
Lot Size1200
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 31.68 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 31.68 Cr
Listing AtBSE
Industry
Sector
QIB Quota0%
Retail Quota0%

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.