Aten Papers & Foam IPO: Price, Review And GMP

Aten Papers & Foam IPO-Complete Overview

Aten Papers & Foam IPO under the SME IPO category is a book build issue of Rs.31.68 Cr by Aten Papers & Foam Limited which was incorporated in 2019. The company operates as the most important link in the supply chain concerning paper products.

The business sources paper from several mills and provides it to customers in the packaging sector.  The company buys and sells waste paper from the mills and offers kraft papers in a variety of grades, thicknesses, and widths along with duplex boards and other items as the most important raw material.

 

Products

Kraft Paper: The company supplies recycled Kraft paper being used for packaging with customers mostly from Gujarat- clients availing of different credit periods.

Absorbent Kraft Paper: The company sells absorbent Kraft paper recycled by mills used for interior decor and furniture

Paper Bags Kraft Paper: Durability and being environment-friendly are the foremost properties of the Kraft paper manufactured for groceries, medical paraphernalia, and so on.

Tube Kraft Paper: The materials used are wood pulp, kraft paper, and cardboard, which the company uses for the manufacture of tubes depending on the application.

 

Aten Papers & Foam IPO Overview

 

This Aten Papers & Foam IPO date is on 28 Mar 2025, and its ‘initial public offering’ will end on 02 Apr 2025. 

The Rs.31.68 crore new SME IPO comprises a wholly fresh issue of 33 lac Shares.

This upcoming IPO date is from Mar 28 to 02 Apr, 2025. Aten Papers & Foam IPO price is Rs.91 to Rs.96 for each Share. 

The expected Aten Papers & Foam IPO listing date is Monday, 07 April 2025, and listing at BSE and SME.

 

 

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Lac)

 

Cash Flows

(Amount in Rs.)

Net Cash Flow In Multiple Activities	30 Sep 2024	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	611.47	189.01	45.96
Net Cash Flow Investing Activities	0.65	-	1.98
Net Cash Flow Financing Activities	529.02	164.13	44.58

 

State-wise Revenue Breakdown

 (Amount in lac)

 

Product-wise Revenue Breakdown

 (Amount in lac)

(Source: RHP)

 

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Capital Expenditure 

•  Costs of Public Issues

• Requirements for Working Capital

• General Corporate Purposes.
  
  

Click for the IPO application status check.

 

Peers of Aten Papers & Foam Ltd.

No listed companies in India are engaged in a similar size.

 

Evaluation

The Aten Papers & Foam Limited IPO price is Rs.91 to Rs.96 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.3.97 from the last year, the resulting P/E ratio is 24.18x.

Considering the weighted EPS of Rs.2.41 for the last three years, the P/E ratio is 39.83x.

 

IPO's Strengths

• Senior management team with diverse experience.

• Diverse offerings.

• Possesses strong credibility with the banker in regard to existing lines of credit since 2019.

• Internal logistics.

 

 

IPO’s Weaknesses

• Competitive pressure from numerous disorganized competitors.

• No leveraging power over the fluctuating prices of paper.

• Reliance on paper mill for product supply.

• Elevated Ratio of Debt to Equity.

• Decline in print media and advancement in digitization.

 

Aten Papers & Foam IPO GMP

SME IPO GMP has not started as of 26 Mar 2025.

IPO Timetable (Tentative)

The IPO opening date is from March 28 to April 02, 2025, with allotment on April 03, refund initiation on April 04, and listing on Apr 07, 2025.

 

Aten Papers & Foam IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 33,00,000 Shares (Rs.31.68 Cr).

IPO Lot Details 

The Aten Papers IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs.1,15,200 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs.2,30,400.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Aten Papers & Foam Ltd.

• Mr. Mohamedarif Mohamedibrahim Lakhani

• Mrs. Amrin Lakhani.
  
  

 

IPO Lead Managers

• Swastika Investmart Ltd.
  
  
  

Dividend Policy

The company has not declared dividends till the date of this RHP.

 

Conclusion

Investing in Aten Papers & Foam IPO would be of interest to those looking to capitalize on a developing paper supply chain industry. Its diverse product offerings and financial growth are encouraging. However, the company’s high debt-equity levels, competitive risks, and dependence on paper mills pose considerable challenges. 

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Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice it is. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.