Listed

Aten Papers & Foam Limited IPO

Aten Papers & Foam Limited is an Ahmedabad-based company engaged in the trading of paper products and the supply of wastepaper for recycling. Incorporated in 2019, the company deals in various types of papers, including kraft paper, duplex board, and absorbent paper, primarily catering to the packaging and industrial sectors. It also acts as a key link in the recycling chain by sourcing wastepaper and supplying it to paper mills.

RHP DRHP Check Allotment Status

Min Investment

₹1,15,200

Lot Size

1,200 Shares

Price Range

₹96.0

Issue Size (₹ Cr.)

₹31.68

IPO Type

BSE NSE

Key Metrics

Face Value

₹ 10

GMP

₹ 0.0

Subscription

1.49x

EPS

₹ 6.81

P/E Ratio

14.1 x

RoNW

49.93%

ROE

66.53%

Debt to Equity (₹ Cr.)

0.79

Timeline

IPO Opened13/06/2025Friday

IPO Closed17/06/2025Tuesday

Allotted18/06/2025Wednesday

Refunded19/06/2025Thursday

Listed20/06/2025Friday

Strengths

Diverse Product Range The company deals in multiple types of paper including kraft paper, duplex board, and absorbent paper, allowing it to serve a wide variety of packaging and industrial customers.
Wastepaper Supply Chain Integration Aten plays a critical role in recycling by sourcing and supplying wastepaper to paper mills, supporting sustainability and creating an additional revenue stream.
Asset-Light Business Model By focusing on trading and supply rather than manufacturing, the company reduces capital expenditure while maintaining operational flexibility and scalability.
Strong Regional Presence Headquartered in Ahmedabad, Aten benefits from proximity to several industrial hubs and paper mills, enabling efficient logistics and lower transportation costs.
Experienced Management Team The promoters and leadership bring years of industry experience, contributing to effective procurement, customer relations, and steady business growth.

Weaknesses

Limited Operational History Established in 2019, the company is relatively young and lacks a long-term track record, which may impact investor confidence and client trust.
High Dependency on Suppliers As a trading-focused business, Aten relies heavily on third-party paper manufacturers for product availability and pricing, which can affect margins and supply consistency.
Geographical Concentration The company’s operations are primarily based in Gujarat and nearby regions, limiting its national market reach and exposing it to regional risks.
Thin Profit Margins Operating in the trading sector, where margins are typically low, the company may face challenges in maintaining profitability during price fluctuations.
Limited Brand Recognition As a relatively new entrant in the industry, Aten has minimal brand visibility, which could affect its ability to attract larger institutional clients.