June 17, 2025
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What is the last grey market premium of Aten Papers IPO?
Listing Review: Will update on listing.
Subscription status of Aten Papers IPO
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Aten Papers IPO Price Rs. 96 Lot 1200 shares, Rs. 31.68 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 1.02 | 0.45 | 1.40 | 0.93 | 1847 |
| Subscription Review: Flow of applications till midsession of the first day has been week. |
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Aten Papers IPO Allotment Link:
What is the business of Aten Papers?
Aten Papers & Foam Limited is a vital link in the paper product supply chain, specializing in the sourcing and distribution of paper materials for the packaging industry.
The company procures paper from a wide network of mills and supplies it to a diverse client base, primarily in the packaging sector. In addition to distributing paper products, Aten Papers & Foam also plays an important role in the recycling ecosystem by trading in wastepaper—a key raw material for paper mills.
Product Portfolio
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Kraft Paper: Recycled kraft paper used extensively in packaging. The company serves mainly Gujarat-based clients, offering flexible credit terms.
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Absorbent Kraft Paper: Supplied to manufacturers in the interior décor and furniture sectors; produced by paper mills using recycled materials.
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Paper Bag Kraft Paper: Durable and eco-friendly kraft paper used in manufacturing grocery, medical, and other packaging bags.
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Tube Kraft Paper: Custom-made tubes produced from kraft paper, cardboard, and wood pulp for various industrial applications.
As of November 30, 2024, the company employed 14 staff members, supporting its operations across sourcing, logistics, and client services.
Get more information about the company @ www.atenpapers.com
Aten Papers IPO Details
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Sector: |
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| IPO opens on | 13 June 2025 |
| IPO closes on | 17 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 33,00,000 Shares / Rs 31.68 Crore |
| * Fresh Issue | 33,00,000 Shares / Rs 31.68 Crore |
| * Offer for Sale – | – |
| Market Maker Portion | 165600 Shares |
| Net offer to Public | 31,34,400 Shares Rs.30.08 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 91.06 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 156720 | 1.50 |
| HNI (15%) | 1488,840 | 14,29 |
| RII (35%) | 1488840 | 14,29 |
| Total Shares | 3134400 | 30.08 |
| Retail portion will be oversubscribed by |
1240 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.115200 |
| Min HNI Application | 2400 Shares | Rs.230400 |
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?
1.Capital Expenditure Rs.4.27 crore
2. To meet working capital requirements Rs. 15.50 crore
3. General corporate purpose
Tentative timetable |
|
| IPO opens on | 13 June 2025 |
| IPO Closes on | 17 June 2025 |
| IPO Allotment on | 18 June 2025 |
| Refund Initiation | 19 June 2025 |
| Credit of Shares | 19 June 2025 |
| Listing on | 20 June 2025 |
| 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 |
| 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
Aten Papers Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 34.9 | 32.92 | 29.62 | 27.85 |
| Revenue | 138.7 | 96.8 | 91 | 89.82 |
| Profit After Tax | 7.01 | 2.78 | 0.5 | 0.76 |
| Net Worth | 14.04 | 7.03 | 4.25 | 3.74 |
| Reserves and Surplus | 7.04 | 6.03 | 3.25 | 2.75 |
| Total Borrowing | 11.13 | 15.67 | 16.03 | 15.44 |
| Amount in Rs Crore | ||||
Performance Indicators
| KPI | Values |
| ROE | 66.53% |
| ROCE | 43.84% |
| Debt/Equity | 0.79 |
| RoNW | 49.93% |
| PAT Margin | 5.06 |
| Price to Book Value | 4.79 |
| EPS Rs. | 10.02 |
| PE Ratio | 9.58 |
How Aten Papers IPO compares with the Peers?
The company believe that there are no comparable listed peer of the company and therefore information related to peer is not provided.
# 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 is a vital link in the paper product supply chain, specializing in the sourcing and distribution of paper materials for the packaging industry.
The company procures paper from a wide network of mills and supplies it to a diverse client base, primarily in the packaging sector.
Financials: The company has shown sharp rise in the profits in the year prior to the IPO. During the year, 2022-23, it earned net profit of only Rs. 50 lacs on the total revenue of Rs. 91 crore. Whereas in the year 2024-24, it shows net profit of Rs. 7.01 crore on the total revenue of Rs. 138.70 crore. Such sharp rise in the profits of a trading company just prior to the IPO is eye-widening and requires indepth scrutiny
Sector-fancy: At present the paper industry enjoys low fancy among the investors. The business of this company is trading of paper, craft paper etc.
+ from fundamental angle: May avoid
+ from grey market angle: Not attractive
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