Aten Papers and Foam IPO
Aten Papers & Foam Ltd
₹1,09,200 /1200 sharesMinimum Investment
Aten Papers and Foam IPO Listing Details
Listed On | Issue Price | Listing Price | Listing Gains |
---|
-- | ₹96.00 | ₹90.00 | -₹6.00 (6.25%) |
Aten Papers and Foam IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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13 Jun ‘25 - 17 Jun ‘25 | ₹1,09,200 | 1,200 | ₹91 - ₹96 |
Qualified Institutional Buyers | 2.91x |
Non-Institutional Investor | 0.77x |
Retail Individual Investor | 2.14x |
Total | 1.45x |
Aten Papers & Foam Limited is involved in the procurement and supply of paper products, primarily serving as an intermediary in the paper product supply chain. The company sources paper from various mills and resells it to clients in the packaging industry. Its product portfolio includes kraft paper and duplex board in various grades, thicknesses, and sizes based on customer requirements. Aten Papers & Foam also procures waste paper from stockists and supplies it to paper mills.
The company operates from its registered office and a godown located in Changodar, Ahmedabad and primarily serves the domestic market, with a focus on Gujarat.;
Managing director
Mr Mohamedarif Mohamedibrahim Lakhani
Parent organisation
Aten Papers & Foam Ltd
Strengths & Financials of Aten Papers and Foam
Aten Papers & Foam offers a broad and multi-application range of paper products that cater to varied requirements such as packaging, printing, and export needs. The company further claims to process these papers in-house based on customer specifications.
The company claims to operate on an asset-light and order-driven business model. This approach reportedly enables the company to meet diverse customer needs while keeping overheads low and inventory cycles efficient.
The industry that the company operates in is very fragmented, where cash crunch is a common factor among small mills, and credit demand is high among end users. The company claims to leverage its liquidity position and existing lines of credit to bridge gaps in the supply chain, securing better margins and stronger negotiation power on both ends.
Aten Papers & Foam owns four commercial vehicles for in-house logistics. The company also supplements this with third-party transport when necessary.
The company has a current credit facility of Rs 9 crore. This supports the company's working capital needs and facilitates smooth operations in a credit-intensive sector.
Aten Papers and Foam Financials
*All values are in Rs. Cr
Application Details of Aten Papers and Foam IPO
Apply as | Price band | Apply upto |
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Regular | ₹91 - 96 | ₹2 Lakh |
High Networth Individual | ₹91 - 96 | ₹2 - 5 Lakh |
For Aten Papers and Foam IPO, eligible investors can apply as Regular.