Aten Papers & Foam IPO
Aten Papers & Foam IPO Details
-
Open Date
13 Jun 2025
-
Close Date
17 Jun 2025
-
Listing Date
20 Jun 2025
- IPO Price Range
₹ 91 to ₹96
- IPO Size
₹ 31.68 Cr
- Listing Exchange
BSE SME
Aten Papers & Foam IPO Timeline
Aten Papers & Foam IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Jun-25 | 1.02 | 0.41 | 0.93 | 0.69 |
| 16-Jun-25 | 1.02 | 0.45 | 1.40 | 0.93 |
| 17-Jun-25 | 2.91 | 0.66 | 2.17 | 1.49 |
Last Updated: 01 July 2025 2:08 PM by 5paisa
Aten Papers & Foam Limited is launching a ₹31.68 crore IPO via book building, comprising a fresh issue of 33 lakh equity shares.
The company is a critical intermediary in the paper supply chain, sourcing paper from mills and supplying Kraft paper, duplex boards, and other products to the packaging industry. It also trades waste paper with mills for recycling, enhancing its role in the circular economy.
Key Products:
Kraft Paper – Recycled packaging paper, primarily sold in Gujarat.
Absorbent Kraft Paper – Used in interior décor and furniture.
Paper Bag Kraft Paper – Used for packaging in grocery, medical, and FMCG sectors.
Tube Kraft Paper – Tubes are produced from paper pulp and cardboard.
Incorporated in: 2019
Promoters: Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani
Aten Papers & Foam Objectives
The company aims to utilise the IPO proceeds for:
Capital Expenditure – ₹4.27 Cr for infrastructure and operational expansion.
Working Capital Requirements – ₹15.50 Cr.
General Corporate Purposes.
Aten Papers & Foam IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹31.68 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹31.68 Cr. |
Aten Papers & Foam IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | 109,200 |
| Retail (Max) | 1 | 1200 | 109,200 |
| HNI (Min) | 2 | 2400 | 218,400 |
Aten Papers & Foam IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 2.91 | 1,54,800 | 4,50,000 | 4.320 |
| NII (HNI) | 0.66 | 14,89,200 | 9,81,600 | 9.423 |
| Retail | 2.17 | 14,90,400 | 32,38,800 | 31.092 |
| Total** | 1.49 | 31,34,400 | 46,70,400 | 44.836 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 91.00 | 96.80 | 138.70 |
| EBITDA | 1.88 | 5.15 | 10.65 |
| PAT | 0.50 | 2.78 | 7.01 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 29.62 | 32.92 | 34.90 |
| Share Capital | 1.00 | 1.00 | 7.00 |
| Total Borrowings | 16.03 | 15.67 | 11.13 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 0.46 | 1.89 | 5.29 |
| Net Cash Generated From / (used in) investing activities | -0.02 | 0 | -0.17 |
| Net Cash Generated From / (used in) financing activities | -0.45 | -1.64 | -5.63 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.06 | 0.25 | -0.35 |
Strengths
1. Experienced management with longstanding industry relationships.
2. Wide product range tailored to packaging and industrial applications.
3. Efficient in-house logistics and ready stock availability.
4. Healthy banker relationships with credit access since inception.
Weaknesses
1. Relatively young company with a short operating history (since 2019).
2. A small workforce indicates limited scale.
3. High historical debt burden.
4. Heavy reliance on domestic packaging clients.
Opportunities
1. Scope for geographical expansion beyond Gujarat.
2. Rising demand for sustainable and recyclable packaging materials.
3. Potential growth in the e-commerce and retail sectors.
4. Entry into value-added or premium paper segments.
Threats
1. Raw material price fluctuations (wastepaper and pulp).
2. Competition from large integrated paper manufacturers.
3. Environmental regulations related to paper production and waste.
4. Sectoral dependence on packaging and cyclical industries.
1. Consistent Revenue and PAT Growth: Revenue rose 43% YoY in FY25; PAT surged 152%.
2. Strong Financial Metrics: ROE of 66.53%, RoNW of 49.93%, and a low debt-to-equity ratio of 0.79.
3. Product Diversification: Supplies various grades of paper across sectors.
4. Expansion-Oriented: Focused use of IPO funds for capacity building and working capital.
5. Experienced Promoters: A credible management team with sector knowledge and financial discipline.
1. India’s paper and packaging industry is growing steadily due to increased demand from e-commerce, FMCG, and retail. Recycled Kraft paper and sustainable alternatives are gaining traction amidst rising environmental consciousness.
2. The company is well-positioned in this landscape as a key supplier of recycled paper products and an intermediary between mills and industrial consumers.
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FAQs
Aten Papers & Foam IPO opens from June 13, 2025, to June 17, 2025.
The size of the Aten Papers & Foam IPO is ₹31.68 Cr.
The price band of Aten Papers & Foam IPO is between ₹91 to ₹96 per share.
To apply for Aten Papers & Foam IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Aten Papers & Foam IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Aten Papers & Foam IPO is 1,200 shares and the investment required is ₹1,09,200.
The allotment date of Aten Papers & Foam IPO is June 18, 2025.
The Aten Papers & Foam IPO will likely be listed on June 20, 2025.
Swastika Investmart Ltd is the book running lead manager for Aten Papers & Foam IPO.
Aten Papers & Foam plans to utilise the raised capital from the IPO for:
Capital expenditure (₹4.27 Cr)
Working capital (₹15.50 Cr)
General corporate purposes
Aten Papers & Foam Contact Details
Aten Papers & Foam Limited
Block-A, 102/A,
F. F, Tirmizi Heights, Opp Bombay Housing Colony,
Near Kirtikunj Society, Ahmedabad 380028
Phone: +91-9537861212
Email: cs@atenpapers.com
Website: http://www.atenpapers.com/
Aten Papers & Foam IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Aten Papers & Foam IPO Lead Manager
Swastika Investmart Ltd