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Aten Papers IPO
Price Band
₹91.0–96.0
Issue Size
₹31.68 Cr
Lot Size
1,200 shares
Min Investment
₹115,200
GMP
—
Issue Price
₹96.0
Aten Papers IPO AI Summary
- Aten Papers IPO is listed on BSE SME in the Paper & Paper Products sector.
- Price band: ₹91.0–₹96.0 per share, lot size 1,200 shares (min. investment ₹115,200).
- Subscription window: 13 Jun–17 Jun 2025, listing on 20 Jun 2025.
Aten Papers & Foam Limited is set to launch its IPO with an issue price of ₹96.0, targeting a total issue size of ₹31.68 Cr. The company has shown consistent revenue growth and increasing profitability, supported by a strong management team and a diverse product range.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Aten Papers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 17 Jun 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aten Papers IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2019, Aten Papers & Foam Limited is operates as a key intermediary in the paper product supply chain. The company sources paper from various mills and supplies it to clients in the packaging industry. The company offers Kraft paper, duplex boards, and other products in various grades, thicknesses, and sizes, while also purchasing and selling wastepaper to paper mills as a crucial raw material. Products: Kraft Paper: The company sells recycled Kraft paper for packaging, primarily to Gujarat-based customers with varying credit periods. Absorbent Kraft Paper: The company sells absorbent Kraft paper, recycled by mills, used in interior décor and furniture. Paper Bag Kraft Paper: The company produces durable, eco-friendly Kraft paper bags for packaging groceries, medical items, and more. Tube Kraft Paper: The company uses materials like wood pulp, kraft paper, and cardboard to manufacture tubes based on application. As on November 30th, 2024, the company had 14 employees. Competitive Strengths: Experienced Senior Management Team Variety of Products High Credibility with the Banker and existing lines of Credit since 2019 In-house Logistics Ready Stock
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 34.90 | 32.92 | 29.62 | 27.85 |
| Total Income | 138.70 | 96.80 | 91.00 | 89.82 |
| Profit After Tax | 7.01 | 2.78 | 0.50 | 0.76 |
| EBITDA | 10.65 | 5.15 | 1.88 | 1.90 |
| 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 Ratios
EPS
₹10.02
NAV
₹20.06
ROE
66.53%
ROCE
43.84%
RoNW
49.93%
P/B Value
4.79
P/E Ratio
9.58
Market Cap
₹98.88 Cr
PAT Margin
5.06%
Debt/Equity
0.79
Peer Comparison
| Company | NAV | RoNW | EPS Diluted |
|---|---|---|---|
| Aten Papers & Foam Limited This IPO | 20.06 | 49.93% | 10.02 |
Promoters
Mohamedarif Mohamedibrahim Lakhani and Amrin Lakhani
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure 4.28 2 Incremental Working capital requirements 15.50 3 General Corporate Purposes 7.92 4 Issue expenses 3.98 Total 31.68
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹89.82 Cr in the period ending 31 Mar 2022 to ₹91.00 Cr by 31 Mar 2023, then rose further to ₹96.80 Cr by 31 Mar 2024, and reached ₹138.70 Cr by 31 Mar 2025. This indicates a consistent upward trend in revenue over the reported periods.
Profit Trend
Profit After Tax grew from ₹0.76 Cr in the period ending 31 Mar 2022 to ₹0.50 Cr by 31 Mar 2023, then increased to ₹2.78 Cr by 31 Mar 2024, and further to ₹7.01 Cr by 31 Mar 2025. This demonstrates a significant improvement in profitability over the periods, particularly in the most recent year.
Valuation
Aten Papers is priced at a P/E ratio of 9.58 at the issue price, compared to peers trading at a similar range.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of IPO shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the shares compared to the issue price, reflecting market sentiment. A positive GMP suggests that investors anticipate a higher listing price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy, considering factors such as the company's growth potential, market conditions, and financial health.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as it operates in a competitive sector and is relatively new in the market.
IPO Timeline, Explained
The IPO opens for subscription on June 13, 2025, and closes on June 17, 2025. Allotment of shares will take place on June 18, 2025, with the listing expected on June 20, 2025.
Listing Gains — The Risk
Listing gains refer to the profit made when shares are sold on the first day of trading at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the shares.
This evaluation is generated from Aten Papers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Aten Papers IPO?
The price band of Aten Papers IPO is ₹91.0–₹96.0 per share.
When does Aten Papers IPO open and close?
Aten Papers IPO opens on 13 June 2025 and closes on 17 June 2025.
When does Aten Papers IPO list on the stock exchange?
Aten Papers IPO listed on 20 June 2025 at ₹96.0.
What is the lot size for Aten Papers IPO?
The lot size for Aten Papers IPO is 1200 shares, requiring a minimum investment of ₹115,200.
What is the lot size for this IPO?
The lot size for Aten Papers' IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹115,200.
What is the price band for the IPO?
The price band for the IPO is ₹91.0 to ₹96.0.
When is the listing date for the IPO?
The listing date for the IPO is June 20, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of the shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Jun 2025
Close
17 Jun 2025
Allotment
18 Jun 2025
Listing
20 Jun 2025
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