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

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

TABLE OF CONTENTS

    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 IPO

    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.

    Application Lot Size Shares Amount
    Retail Minimum 1 1,200 ₹1,15,200
    Retail Maximum 1 1,200 ₹1,15,200
    HNI Minimum 2 2,400 ₹2,30,400

    IPO Details Summary

    Parameter Details
    Company Name Aten Papers & Foam Limited
    Issue Size ₹31.68 crores
    Issue Type Fresh Issue
    Price Band ₹91 - ₹96 per share
    Lot Size 1,200 shares
    Total Shares 33.00 lakh shares
    Face Value ₹10 per share
    Listing Platform BSE SME
    Book Running Lead Manager Swastika Investmart Limited

    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.

    Period Ended Revenue Expense Profit After Tax Assets
    2022 ₹89.82 ₹88.77 ₹0.76 ₹27.85
    2023 ₹91.00 ₹90.31 ₹0.50 ₹29.62
    2024 ₹96.80 ₹93.08 ₹2.78 ₹32.92
    2025 ₹138.70 ₹129.30 ₹7.01 ₹34.90

    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.

    Investor Category Allocation % Purpose
    Retail Investors 35% Individual investors
    HNI (Non-Institutional) 15% High Net Worth Individuals
    QIB (Qualified Institutional) 50% Institutional investors

    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

    Company Sector Focus Revenue (cr.) Market Position
    Aten Papers & Foam Paper Products 138.70 Regional Player
    Paper Trading Companies Paper Distribution 50-200 Fragmented Market
    Integrated Paper Mills Manufacturing 500+ Large Scale

    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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    FAQs

    1. What is the Aten Papers & Foam IPO date?

    The IPO opens on March 28, 2025 and closes on April 2, 2025. Listing is expected on April 7, 2025 on the BSE SME platform.

    2. What is the lot size and minimum investment for Aten Papers IPO?

    The minimum lot size is 1,200 shares, and the minimum investment amount is ₹1,15,200 at the upper price band of ₹96 per share.

    3. What is the price band of the Aten Papers & Foam IPO?

    The IPO price band is ₹91 to ₹96 per share.

    4. What is the total issue size of Aten Papers & Foam IPO?

    The total issue size is ₹31.68 crores, consisting of a fresh issue of 33.00 lakh shares.

    5. What does Aten Papers & Foam Limited do?

    The company is an intermediary in the paper supply chain, involved in paper sourcing, processing, distribution, and foam product manufacturing.

    6. How much revenue did Aten Papers & Foam generate in FY25?

    Aten Papers & Foam reported ₹138.70 crores in revenue in FY25, marking a 43.3% growth from FY24.

    7. How can I apply for Aten Papers & Foam IPO?

    You can apply via your broker’s app (like Zerodha, Groww, etc.) by selecting the IPO, entering lot size, price (or cut-off), and approving the UPI mandate before 5 PM.

    8. Is Aten Papers & Foam IPO good for long-term investment?

    Yes, analysts suggest a ‘Subscribe’ rating due to strong revenue growth, reasonable valuation (~0.5x price-to-sales), and growing demand in the paper sector.

    9. What are the major risks in investing in this IPO?

    Key risks include working capital intensity, raw material availability, price fluctuations, and SME platform liquidity.

    10. How can I check Aten Papers IPO allotment status?

    Allotment status can be checked on the BSE website or the registrar’s portal (registrar name TBA) using your PAN or application number.

    Bhargav Dhameliya

    Bhargav Dhameliya - Content creator & copywriter at @Dhanarthi

    I help businesses to transform ideas into powerful words & convert readers into customers.