Aten Papers & Foam Limited (BSE SME)
June 13, 2025 – June 17, 2025
| Price | ₹91 - ₹96 |
| Premium | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Jun 18, 2025 |
| Listing | Jun 20, 2025 |
Subscription
Last updated on 13-Jun-2025 17:15:10
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 154800 | 157200 | 1.02 |
| HNIs | 1489200 | 618000 | 0.41 |
| Retail | 1490400 | 1392000 | 0.93 |
| Total | 3134400 | 2167200 | 0.69 |
| Total Applications: 1198 | |||
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.1 | @8% ₹0.2 | @9% ₹0.2 | @10% ₹0.2 | @11% ₹0.2 | @12% ₹0.2 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.1 | @8% ₹0.1 | @9% ₹0.1 | @10% ₹0.1 | @11% ₹0.1 | @12% ₹0.1 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail (10000 to 2 lakh) | 1 | 1200 | 115200 | 1242 |
| HNI (2 lakh to 5 lakh) | 2 | 2400 | 230400 | 1241 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| RETAIL | 45.16% | 1490400 |
| HNI | 45.13% | 1489200 |
| QIB | 4.69% | 154800 |
| MARKET MAKER | 5.02% | 165600 |
| Total | 100.00% | 3300000 |
IPO Details
| Total Issue Size | 33,00,000 shares (aggregating up to 31.68 Cr) |
| Fresh Issue | 33,00,000 shares (aggregating up to 31.68 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,03,00,000 shares |
| Market Maker Portion | 1,65,600 shares |
| Market Maker | Sunflower Broking Private Limited |
Key Performance Indicators
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 66.53% | 49.31% | 12.59% |
| ROCE | 43.84% | 23.23% | 8.70% |
| RONW | 49.93% | 39.55% | 11.84% |
| D/E | 0.79 | 2.23 | 3.78 |
| EPS (Diluted) | 10.02 | 3.97 | 0.72 |
| P/E Pre IPO | 9.58 | ||
| P/E Post IPO | 14.1 |
Financial Details In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 34.9 | 32.9 | 29.6 | 27.9 |
| Revenue | 138.7 | 96.8 | 91.0 | 89.8 |
| Profit After Tax | 7.0 | 2.8 | 0.5 | 0.8 |
| Net Worth | 14.0 | 7.0 | 4.3 | 3.7 |
| Reserves and Surplus | 7.0 | 6.0 | 3.3 | 2.8 |
| Total Borrowing | 11.1 | 15.7 | 16.0 | 15.4 |
About Company
Incorporated: in 2019.
Acts as an intermediary in the paper product supply chain.
Sources paper from various mills and supplies it to packaging industry clients.
Offers Kraft paper, duplex boards, and other paper products in various grades, thicknesses, and sizes.
Engages in trading of wastepaper, supplying it as raw material to paper mills.
Key Products
Kraft Paper: Recycled paper used for packaging, mainly sold to Gujarat-based clients with varying credit periods.
Absorbent Kraft Paper: Recycled paper used in interior décor and furniture applications.
Paper Bag Kraft Paper: Durable, eco-friendly paper used for making bags for groceries, medical items, etc.
Tube Kraft Paper: Produced using wood pulp, kraft paper, and cardboard, used in manufacturing tubes.
The company had 14 employees as of November 30, 2024.
Strength
Experienced Management: Led by a senior team with strong industry expertise.
Diverse Product Portfolio: Offers a wide range of paper products for varied applications.
Strong Financial Credibility: Maintains solid relationships with bankers and credit lines since 2019.
Weakness
Dependence on Promoter-Owned Properties: The company does not own any land or facilities; it operates from premises rented from the Promoter Group, posing a risk of operational disruption.
Supplier Concentration & No Formal Contracts: Heavy reliance on a few suppliers without formal agreements may lead to supply chain disruptions and product shortfalls.
High Related Party Transactions: A significant portion of revenue comes from related parties, which may raise concerns about business sustainability and independence.
Avoid ,I think it's not for listing gain
Lead Manager(s)
Address
Aten Papers & Foam Limited
Block-A, 102/A,
F. F, Tirmizi Heights, Opp Bombay Housing Colony,
Near Kirtikunj Society, Ahmedabad 380028
Ahmedabad, Gujarat
Phone: +91-9537861212
Email: cs@atenpapers.com
Website: http://www.atenpapers.com/