Aten Papers & Foam IPO 2025: Price, Date & Review

The Aten Papers & Foam Limited IPO opens on March 28, 2025, presenting investors with an opportunity to participate in India's paper products and packaging industry. With increasing demand for paper-based packaging solutions and the company's strategic position as an intermediary in the paper supply chain, this SME IPO comes at an opportune time in India's evolving packaging sector.

IPO Dates for Aten Papers & Foam

The Aten Papers & Foam IPO date is March 28, 2025 and the close date is April 2, 2025. The Aten Papers & Foam IPO allotment will be finalized on April 3, 2025 and the IPO listing on April 7, 2025.

Aten Papers & Foam IPO Market Lot

The Aten Papers & Foam IPO minimum market lot is 1,200 shares with ₹1,15,200 application amount at the upper price band.

IPO Details Summary

About Aten Papers & Foam IPO

Aten Papers & Foam Limited, incorporated on January 7, 2019, operates as a key intermediary in the paper product supply chain. The company has established itself as a specialized player in paper sourcing, processing, and distribution, serving various industries requiring paper-based solutions and foam products.

1. Operational Footprint

• Business Model: Paper supply chain intermediary and foam products

• Industry Focus: Paper products, packaging solutions, foam manufacturing

• Market Position: Strategic intermediary between paper mills and end customers

• Service Range: Paper sourcing, processing, distribution, and foam products

2. Business Model

• Primary Operations: Paper sourcing from mills and distribution to customers

• Product Portfolio: Various paper grades and foam products

• Value Addition: Processing and customization services

• Customer Base: Industries requiring paper and foam-based solutions

3. Core Competencies

• Supply Chain Management: Efficient sourcing and distribution network

• Product Knowledge: Expertise in paper grades and specifications

• Customer Service: Tailored solutions for diverse industry requirements

• Quality Control: Ensuring product standards and consistency

Financial Performance of Aten Papers & Foam

The company reported significant revenue growth with ₹138.70 crores in FY25 compared to ₹96.80 crores in FY24, representing a strong 43.3% year-on-year growth in revenue.

Amount ₹ in Crores

Performance Analysis

Aten Papers & Foam Limited demonstrated robust growth trajectory with revenue increasing by 43.3% from FY24 to FY25. This growth reflects the company's ability to expand its market presence and capture increasing demand in the paper products sector.

Key Financial Highlights:

• Revenue Growth: 43.3% YoY growth in FY25

• Market Expansion: Growing customer base and market reach

• Operational Scaling: Increased business volumes and efficiency

• Industry Position: Strengthening position in paper supply chain

Aten Papers & Foam IPO Share Reservation

The Aten Papers & Foam IPO is a bookbuilding offering of 33.00 lakh shares valued ₹31.68 crores. The BSE SME will list shares of Aten Papers & Foam Limited.

Aim of Aten Papers & Foam IPO

The primary goal of the Aten Papers & Foam IPO is to raise ₹31.68 crores for business expansion and operational enhancement. The company has outlined strategic fund utilization for strengthening its market position.

1. Fund Utilization Breakdown

• Capital Expenditure Investment in equipment and infrastructure

• Working Capital Requirements Supporting increased business operations

• Business Expansion Geographic and product portfolio expansion

• Technology Enhancement Upgrading operational processes

• General Corporate Purposes Strategic initiatives and debt servicing

2. Strategic Objectives

• Capacity Enhancement Scaling processing and distribution capabilities

• Market Expansion Entering new geographical markets and customer segments

• Product Diversification Expanding paper grades and foam product range

• Supply Chain Optimization Improving sourcing and distribution efficiency

• Technology Upgradation Modernizing operations and quality control

How to Apply for Aten Papers & Foam IPO?

Step-by-step guide on how to apply for the Aten Papers & Foam IPO:

Step 1 : Login to your broker app (Zerodha, Angel One, Groww, etc.)

Step 2 : Go to the IPO section and select Aten Papers & Foam IPO

Step 3 : Click "Apply"

Step 4 : Enter:

• Lot size (min. 1 lot = 1,200 shares)

• Bid price (₹91–₹96 or select Cut-Off)

• Your UPI ID

Step 5 : Submit the application

Step 6 : Approve the UPI mandate in your UPI app (PhonePe, GPay, etc.)

⏰ Important: Mandate must be approved before 5 PM on the same day or before IPO closes (April 2).

How to Check Aten Papers & Foam IPO Allotment Status?

You can check for Aten Papers & Foam IPO allotment through BSE and the registrar portal.

Check On BSE

Step 1 : Visit the BSE Official Website

Step 2 : Navigate to the IPO Allotment Section

Step 3 : Select Equity as the issue type

Step 4 : Choose Aten Papers & Foam IPO

Step 5 : Choose whether to proceed with the PAN number or application number

Step 6 : Submit your details to get the allotment status online

Check On Registrar Portal

Step 1 : Visit the registrar's official website

Step 2 : Select IPO allotment status

Step 3 : Choose Aten Papers & Foam IPO

Step 4 : Enter PAN or application number

Step 5 : Submit to check status

Sector Comparison

Know Before Investing

Risks

• Supply Chain Dependence Heavy reliance on paper mills for sourcing affecting business continuity.

• Working Capital Intensity High inventory and receivables requirements straining cash flows.

• Price Volatility Fluctuating paper prices affecting margins and profitability.

• Competition Intensity Fragmented market with numerous intermediaries creating pricing pressure.

• Customer Concentration Potential dependence on large customers for revenue stability.

• Raw Material Availability Dependence on paper mill production and availability.

• SME Platform Risks Lower liquidity and higher volatility compared to mainboard stocks.

Strengths

Revenue Growth Strong 43.3% YoY revenue growth demonstrating market expansion.

• Market Position Established presence as supply chain intermediary with industry relationships.

• Diversified Portfolio Multiple paper grades and foam products reducing single product risk.

• Industry Experience Over 6 years of operations since 2019 incorporation.

• Supply Chain Expertise Deep understanding of paper industry supply chain dynamics.

• Customer Relationships Established customer base across different industries.

• Reasonable Valuation Attractive price-to-sales ratio for growth demonstrated.

Conclusion

Aten Papers & Foam IPO offers a reasonable opportunity in India’s growing paper and packaging industry. With 43.3% revenue growth and a fair ~0.5x price-to-sales valuation, the company demonstrates strong potential. However, investors should monitor working capital intensity and competition.

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