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