About Aten Papers & Foam Limited
Incorporated in 2019, Aten Papers & Foam Limited operates in the paper and packaging sector.
The company functions as a key intermediary in the paper supply chain, sourcing paper from mills and distributing it to clients, mainly in the packaging industry.
Its operations include:
- Trading of Kraft Paper
- Duplex Board Supply
- Wastepaper Trading
Aten’s core clientele includes packaging manufacturers, corrugators, and various industries needing bulk paper-based materials.
The company is headquartered in Gujarat, India, and has shown significant growth in a short time.
Aten Papers & Foam Limited IPO Details (2025)
IPO Opening Date: March 28, 2025
IPO Closing Date: April 2, 2025
Listing Platform: BSE SME
Listing Date: April 7, 2025
IPO Price Band: ₹91 to ₹96 per share
Lot Size: 1200 shares per lot
Total Equity Shares Offered: 3.3 million
IPO Issue Size: ₹31.68 crore
Face Value: ₹10 per equity share
Objectives of the IPO
The company aims to utilize the IPO proceeds for the following purposes:
- 🏭 Capital Expenditure – To expand manufacturing and warehousing facilities.
- 💰 Working Capital Requirements – To support day-to-day operations and improve liquidity.
- 🧾 General Corporate Purposes – For strategic business initiatives, debt reduction, and administrative costs.
IPO Subscription & Allotment
Final Subscription Numbers:
- Retail Investors: Oversubscribed
- HNIs/Non-Institutional Investors: Moderate interest
Share Allotment Date: April 3, 2025
Refund Initiation Date: April 4, 2025
Demat Credit of Shares: April 5, 2025
Market Sentiment and GMP (Grey Market Premium)
As of March 27, 2025, the GMP was ₹0, signaling no premium in the unofficial grey market.
This indicates cautious market sentiment despite healthy fundamentals.
Analysts note that the lack of GMP doesn’t always reflect long-term potential, especially in the SME segment.
Investment Insights & Considerations
📊 Growth Potential – The paper and packaging industry in India is expected to grow steadily, especially with the rising demand for eco-friendly packaging.
🧾 Revenue Track Record – Aten has shown consistent growth in turnover since its inception.
💼 Experienced Management – The company is led by industry veterans familiar with supply chain intricacies.
⚠️ Risks – SME IPOs tend to be more volatile, and lack of GMP suggests limited short-term speculative interest.
