Aten Papers and Foam IPO

Aten Papers & Foam Ltd

₹1,09,200 /1200 sharesMinimum Investment

Aten Papers and Foam IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹96.00₹90.00-₹6.00 (6.25%)

Aten Papers and Foam IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
13 Jun ‘25 - 17 Jun ‘25₹1,09,2001,200₹91 - ₹96
Issue SizeIPO Doc
31.68Cr
RHP PDF

Subscription rate

As of 17 Jun'25, 05:00 PM
Qualified Institutional Buyers2.91x
Non-Institutional Investor0.77x
Retail Individual Investor2.14x
Total1.45x

About Aten Papers and Foam

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.;
Founded in
2019
Managing director
Mr Mohamedarif Mohamedibrahim Lakhani
Parent organisation
Aten Papers & Foam Ltd

Strengths & Financials of Aten Papers and Foam

Strengths
Risks
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.
For the period ending September 30, 2024, and FY24, FY23, and FY22, 97.90%, 99.18%, 99.86%, and 99.59%, respectively, of Aten Papers & Foam’s total revenue from operations were generated from Gujarat alone. Any adverse political, social or economic development in this region could hit the company’s business.
The top 10 suppliers of the company contributed 77.77%, 84.46%, 84.12% and 89.92% of the total purchases for the period ending on September 30, 2024, FY24, FY23, and FY22, respectively. Any disruption in the supply chain, such as delays, shortages, or substandard quality of raw materials, could significantly affect the company’s production capabilities, reputation, and profitability.
As of September 30, 2024, the company had outstanding trade receivables of Rs 34.71 crore, of which Rs 8.63 crore were overdue for more than six months. Delayed collections from customers could disrupt working capital management, increase dependence on external borrowings, and affect the company’s financial position.
The company, its subsidiaries, promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The top 10 customers of the company contributed 36.68%, 34.62%, 28.00% and 28.20% to the total sales for the period ending September 30, 2024, FY24, FY23 and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients could adversely affect the company’s business and financial standing.
As of September 30, 2024, the company had a financial indebtedness of Rs 10.95 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.

Aten Papers and Foam Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Aten Papers and Foam IPO

Apply asPrice bandApply upto
Regular91 - 96₹2 - 5 Lakh
High Networth Individual91 - 96₹2 - 5 Lakh
For Aten Papers and Foam IPO, eligible investors can apply as Regular.