Aten Papers & Foam Limited (SME IPO )
Aten Papers & Foam Limited is entering the capital market with a ₹31.68 crore SME IPO. The company operates as a key player in the paper product supply chain—offering Kraft Paper, Duplex Boards, and even recycling wastepaper. With its operations based in Gujarat, Aten also plans to expand through three proposed processing units across Ahmedabad.
📈 Grey Market Premium (GMP)
IPO Details & Subscription
IPO Timeline
Aten Papers & Foam IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | 115200 |
| Retail (Max) | 1 | 1200 | 115200 |
| HNI (Min) | 2 | 2400 | 230399 |
Aten Papers & Foam IPO Reservation
Here's how the IPO shares are allocated across investor categories:
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 5% of the Net Issue |
| Retail Shares Offered | Not less thann 47.50% of the Net Issue |
| NII (HNI) Shares Offered | Not less thann 47.50% of the Net Issue |
Aten Papers & Foam Limited
Financial Information (Restated)
| Financial Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 34.90 | 32.92 | 29.62 | 27.85 |
| Revenue | 138.70 | 96.80 | 91.00 | 89.82 |
| Profit After Tax | 7.01 | 2.78 | 0.50 | 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 |
Key Performance Indicator (KPI)
📊 Market Capitalization – ₹98.88 Cr for Aten Papers & Foam IPO
| KPI | Value |
|---|---|
| ROE | 66.53% |
| ROCE | 43.84% |
| Debt/Equity | 0.79 |
| RoNW | 49.93% |
| PAT Margin | 5.06 |
| Price to Book Value | 4.79 |
AI-Generated Analysis
1️⃣ 📦 Supply Chain Business Model – Paper procurement & resale to packaging industries
2️⃣ 📜 Product Variety – Kraft Paper, Duplex Boards, Absorbent & Tube Kraft Papers
3️⃣ 🏭 Expansion Plans – 3 new units in Ahmedabad: Changodar, Sanand & Narol
4️⃣ 🚚 Own Logistics – In-house commercial vehicles for fast delivery
5️⃣ 📍 Local Market Focus – Primarily serving Gujarat region
6️⃣ 📈 IPO Size – ₹31.68 Cr (Entirely fresh issue)
7️⃣ 💼 Team Strength – Experienced management + 14 employees as of Nov 30, 2024
8️⃣ 🧾 Strong Credit Standing – Trusted by bankers since 2019
9️⃣ 📊 SME IPO Type – Listed on BSE SME segment
🔟 💬 Our View – Niche paper industry player with logistics and expansion edge
Aten Papers & Foam IPO Objectives
| S.No. | Objective | Amount (₹ Cr) |
|---|---|---|
| 1 | 1️⃣ 🏭 Capital Expenditure | ₹4.27 |
| 2 | 2️⃣ 💼 Working Capital Requirements | ₹15.50 |
| 3 | 3️⃣ 🧾 General Corporate Purposes – [Undisclosed] |