Aten Papers & Foam Limited, incorporated in 2019, serves as a vital link in the paper product supply chain. The company procures paper from multiple mills and distributes it to clients in the packaging sector. Its product range includes Kraft paper, duplex boards, and other variants in diverse grades, thicknesses, and sizes. Additionally, Aten Papers trades wastepaper, a key raw material, supplying it back to paper mills.
Among its offerings, the company provides recycled Kraft paper for packaging, mainly catering to customers in Gujarat with flexible credit terms. It also supplies absorbent Kraft paper, repurposed by mills for interior décor and furniture applications. Another product is eco-friendly Kraft paper bags, designed for durable packaging of groceries, medical supplies, and more. The company further manufactures tubes using wood pulp, Kraft paper, and cardboard, tailored to specific industrial needs.
The Aten Papers & Foam IPO is a book-built issue worth ₹31.68 crores, consisting entirely of a fresh issue of 33 lakh shares. Subscription opens on March 28, 2025, and closes on April 2, 2025, with allotment expected by April 3, 2025. The shares are slated to list on the BSE SME platform by April 7, 2025.
Priced between ₹91 and ₹96 per share, the IPO requires a minimum investment of ₹1,09,200 (1200 shares) for retail investors, though bidding at the cutoff price (₹1,15,200) is advised to account for potential oversubscription. For HNIs, the minimum lot size is 2 lots (2,400 shares), totaling ₹2,30,400.
Aten Papers & Foam IPO Details
| IPO Date | March 28, 2025 to April 2, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹91 to ₹96 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | Approx ₹31.68 Crores |
| Fresh Issue | Approx ₹31.68 Crores |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,03,00,000 shares |
Aten Papers & Foam IPO Dates
Aten Papers & Foam’s initial public offering (IPO) subscription window runs from March 28 to April 2, 2025.
| IPO Open Date | Fri, Mar 28, 2025 |
| IPO Close Date | Wed, Apr 2, 2025 |
| Tentative Allotment | Thu, Apr 3, 2025 |
| Refunds | Fri, Apr 4, 2025 |
| Credit of Shares to Demat | Fri, Apr 4, 2025 |
| IPO Listing Date | Mon, Apr 7, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on April 2, 2025 |
Aten Papers IPO Market Lot
The minimum market lot for Aten Papers’ IPO is 1,200 shares, requiring an application amount of ₹1,15,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹1,15,200 |
| Retail Maximum | 1 | 1200 | ₹1,15,200 |
| S-HNI Minimum | 2 | 2,400 | ₹2,30,400 |
