March 28, 2025
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What was the last grey market premium of Aten Papers IPO?
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Subscription status of Aten Papers IPO
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Aten Papers IPO Price Rs.96 Lot 1200 shares, Rs. Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
Aten Papers Allotment Link:
What is the business of Aten Papers?
Aten Papers & Foam Limited, established in 2019, plays a vital role as a key intermediary in the paper product supply chain.
The company sources paper from a variety of mills and supplies it to clients in the packaging industry. Aten Papers & Foam offers a diverse range of products, including Kraft paper, duplex boards, and more, available in different grades, thicknesses, and sizes. Additionally, the company procures and sells wastepaper to paper mills, providing a critical raw material for production.
Product Offerings:
- Kraft Paper: Aten Papers & Foam specializes in recycled Kraft paper for packaging, primarily serving customers in Gujarat with flexible credit terms.
- Absorbent Kraft Paper: The company provides recycled absorbent Kraft paper, primarily used in interior décor and furniture.
- Paper Bag Kraft Paper: Aten manufactures durable, eco-friendly Kraft paper bags used for packaging groceries, medical items, and other products.
- Tube Kraft Paper: Using a combination of wood pulp, Kraft paper, and cardboard, Aten produces custom tube Kraft paper for specific applications.
As of November 30th, 2024, the company employs a dedicated team of 14 staff members.
Get more information about the company @ http://www.atenpapers.com/
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Aten Papers IPO Details |
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| IPO opens on | ? |
| IPO closes on | ? |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3300000 Shares / Rs 31.68 Crore |
| * Fresh Issue | 3300000 Shares / Rs 31.68 Crore |
| * Offer for Sale – | – shares / Rs.- crore |
| Market Maker Portion | 165600 Shares |
| Net offer to Public | 3134400 Shares/ Rs 30.09 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 91-96 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (%) | 1567200 | 15.05 |
| HNI (%) | 470160 | 4.51 |
| RII (%) | 1097040 | 10.53 |
| Total Shares | 3134400 | 30.09 |
| Retail portion will be oversubscribed by |
686 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.153600 |
| Min HNI Application | 3200 Shares | Rs. 307200 |
Who are the Promoters of Aten Papers?
Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani are the promoters of the company.
What are the Objects of Aten Papers IPO?
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
- Capital Expenditure
- Incremental Working Capital Requirements
- For General Corporate Purpose
- Public Issue Expenses
Tentative timetable |
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| IPO opens on | ? |
| IPO Closes on | ? |
| IPO Allotment on | ? |
| Refund Initiation | ? |
| Credit of Shares | ? |
| Listing on | ? |
| Registered Office of the Company Aten Papers & Foam Limited Block-A, 102/A, F. F, Tirmizi Heights, Opp Bombay Housing Colony, Near Kirtikunj Society, Ahmedabad 380028 |
| Who is the Lead Manager of this IPO? Swastika Investmart Ltd |
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Who is the Registrar to IPO? Skyline Financial Services Pvt ltd |
Aten Papers IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Aten Papers IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 89.92 | 0.76 | ||
| 2022-23 | 91.00 | 0.50 | ||
| 2023-24 | 96.80 | 2.78 | 3.97 | 39.55 |
| Book Value of the Share on 31.03.2024 |
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| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 96 | ||
Key Performance
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| Price/EPS of 23-24 | 24.16 |
| Price/BV Ratio | 9.55 |
| Debt/Equity Ratio | 2.23 |
How Aten Papers IPO compares with the Peers?
The company believes there is no other listed company which is specifically comparable to it w.r.t its business model, size and financials.
| As per RHP | FV | Price to | PE |
| Book Value | Ratio | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Aten Papers IPO Review by Paresh Gordhandas, CA & Research Analyst.
Aten Papers & Foam Limited, established in 2019, plays a vital role as a key intermediary in the paper product supply chain. The company sources paper from a variety of mills and supplies it to clients in the packaging industry. So, it is in the trading of various types of the papers.
The size of the IPO is relatively large. The company has shown sudden sharp rise in the profits of the year 2023-24 and it is eye opening. As on 31st March 2024 and as on 30 th September 2024, the company has very high level of trade receivables compared to its total income. For example, in the first 6 months of 2024-25, on total income of Rs. 58.17 crore, its trade receivables are Rs. 34.71 crore. Considering trading nature of business, such receivable level is on higher side.
+ from fundamental angle: May avoid
+ from grey market angle: ?
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