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Aten Papers & Foam Limited IPO: In-Depth Analysis, Financials, and Investment Potential for 2025
The Indian SME IPO market in 2025 is witnessing a surge in investor interest, especially with companies that show strong fundamentals and sectoral relevance. One such company grabbing attention is Aten Papers & Foam Limited, which is gearing up for its initial public offering. With operations spanning across kraft paper and polyurethane foam manufacturing, the company is well-positioned in the fast-growing packaging and furnishing sectors. This blog aims to provide a complete and insightful breakdown of Aten Papers’ IPO to help investors evaluate the opportunity from every angle.
Company Overview: Aten Papers & Foam Limited
Aten Papers & Foam Limited is an emerging name in the manufacturing industry, focused on producing eco-friendly kraft paper and polyurethane foam. The company primarily serves B2B clients across industries like packaging, consumer goods, and furniture manufacturing. Its production facilities are strategically located in industrial zones, allowing it to maintain operational efficiency and reduce logistical costs.
One of the standout aspects of Aten Papers is its commitment to sustainability. The company incorporates recycled materials in its kraft paper production, aligning its processes with modern environmental and ESG standards. This focus not only supports green initiatives but also attracts clients looking for sustainable business partners.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Aten Papers & Foam Limited IPO: In-Depth Analysis, Financials, and Investment Potential for 2025
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Aten Papers & Foam Limited IPO: In-Depth Analysis, Financials, and Investment Potential for 2025 Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹91 to ₹96 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 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 |
| Fresh Issue | 33,00,000 shares (aggregating up to ₹31.68 Cr) |
Aten Papers & Foam Limited IPO: In-Depth Analysis, Financials, and Investment Potential for 2025 Timeline
| Detail | Description |
|---|---|
| - | - |
Aten Papers & Foam Limited IPO: In-Depth Analysis, Financials, and Investment Potential for 2025 Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,15,200 |
| Retail (Max) | 1 | 1200 | ₹1,15,200 |
| HNI (Min) | 2 | 2400 | ₹2,30,400 |
Aten Papers & Foam IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Aten Papers & Foam Limited IPO: In-Depth Analysis, Financials, and Investment Potential for 2025 Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | - |
Competitive Strength:
- -
Aten Papers & Foam Limited IPO: In-Depth Analysis, Financials, and Investment Potential for 2025 Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 37.82 | 58.18 | 89.82 | 10.85 | 10.96 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 32.92 | 96.8 | 89.82 | 7.03 | 10.96 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 29.62 | 96.8 | 0.5 | 4.25 | 16.03 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 27.85 | 89.82 | 0.76 | 3.74 | 15.44 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.31% |
| ROCE | 23.23% |
| Debt/Equity | 2.23 |
| RoNW | 39.55% |
| PAT Margin | 2.87 |
| Price to Book Value | 9.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.97 | 7.41 |
| P/E (x) | 24.16 | 12.95 |
Objectives of the IPO
The company plans to utilize the IPO proceeds for the following key objectives:
- Working Capital Requirements – As operations expand, a higher working capital base will help manage raw material procurement and production cycles smoothly.
- General Corporate Purposes – Funds will also be allocated toward brand development, marketing, and operational efficiencies.
- Debt Repayment – A part of the funds will go toward reducing existing short-term liabilities, which will improve liquidity and reduce interest costs.
These strategic allocations suggest a forward-looking approach to ensure sustainable growth and profitability.
Conclusion
Aten Papers & Foam Limited’s IPO stands out in the 2025 SME market due to its dual-sector presence—packaging and furnishing—both of which are witnessing robust demand growth. With eco-friendly manufacturing practices, improving financial performance, and strategic utilization of IPO proceeds, the company shows potential for long-term value creation. However, like any SME IPO, investors should weigh the associated risks, particularly around liquidity and market volatility. That said, for those seeking early exposure to a sustainability-focused manufacturer with a promising growth trajectory, Aten Papers & Foam could be a compelling addition to their portfolio.
RHP:
DRHP:
Frequently asked Questions (FAQs )
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1. What is the issue price of the Aten Papers & Foam IPO?
The issue price band is set between ₹91 to ₹96 per share.
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2. When will the IPO open and close?
The exact IPO dates are yet to be announced. Stay tuned for official updates on opening and closing dates.
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3. What is the lot size for retail investors?
Retail investors must apply for a minimum of 1 lot, which comprises 1,200 shares (₹1,15,200 minimum investment).
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4. On which stock exchange will Aten Papers be listed?
The company will be listed on the BSE SME platform.
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5. What is the total issue size of the IPO?
The total issue size is 33,00,000 equity shares, aggregating up to ₹31.68 crore.
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6. Who are the promoters of the company?
Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani are the promoters.
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7. What are the main objectives of the IPO?
Proceeds will be used for working capital needs, general corporate purposes, and partial debt repayment.
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8. How financially strong is Aten Papers?
The company has shown consistent revenue growth, improved profitability, and a strong ROE of 49.31% as of FY 2024.
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9. What sectors does the company serve?
Aten Papers operates in kraft paper (packaging) and polyurethane foam (furnishing), serving B2B clients across various industries.
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10. Is this IPO suitable for long-term investment?
While SME IPOs can be riskier due to lower liquidity, Aten’s fundamentals, sectoral relevance, and growth-oriented strategy make it a strong candidate for long-term investors with moderate to high risk tolerance.
