Latest news with #AtenPapers&Foam
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Aten Papers & Foam IPO Day 1: Check subscription, GMP, listing date, more
Aten Papers & Foam IPO Day 1 updates: Aten Papers & Foam IPO (SME) is off to a muted start with its initial public offering (IPO) on Day 1 of the subscription. The IPO, which opened today, June 13, has been subscribed 0.29 times so far. The public issue subscribed 0.10 times in the retail category, 1.02 times in QIB, and 0.41 times in the NII category, by 12:10 PM. The IPO will close on June 17, 2025. Aten Papers & Foam IPO is a book building of ₹31.68 crore. The issue is entirely a fresh issue of 3.3 million shares. Aten Papers & Foam IPO Grey Market Premium (GMP) The Grey Market Premium for Aten Papers & Foam SME IPO stood at Nil, indicating a flat listing at the upper price band of the IPO. Aten Papers & Foam IPO price band Aten Papers & Foam IPO price band is set at ₹91 to ₹96 per share. Objective of Aten Papers & Foam IPO Aten Papers & Foam Limited plans to utilise the net proceeds from its Initial Public Offering (IPO) to support key areas of its business expansion and operations. A portion of the funds, amounting to approximately ₹4.27 crore, will be allocated towards capital expenditure. Aten Papers & Foam IPO lot size The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,09,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,30,400. Aten Papers & Foam IPO allotment, listing details The allotment for the Aten Papers & Foam IPO is expected to be finalised on Wednesday, June 18, 2025. Aten Papers & Foam IPO will be listed on BSE SME with a tentative listing date fixed as Friday, June 20, 2025. Aten Papers & Foam IPO lead manager, registrar details Swastika Investmart Ltd is the book-running lead manager of the Aten Papers & Foam IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Aten Papers & Foam IPO is Sunflower Broking Private Limited. Aten Papers & Foam IPO financial performance Between the financial years ending March 31, 2024, and March 31, 2025, Aten Papers & Foam Limited reported a strong financial performance, with revenue rising 43 per cent to ₹138.70 crore from ₹96.80 crore. The company's profit after tax (PAT) surged 152 per cent to ₹7.01 crore in FY25 compared to ₹2.78 crore in FY24. About Aten Papers & Foam IPO Incorporated in 2019, Aten Papers & Foam Limited operates as a key intermediary in the paper product supply chain. The company sources paper from various mills and supplies it to clients, mainly in the packaging industry. Its product range includes Kraft paper, duplex boards, and other paper grades across various sizes and thicknesses. It also engages in the procurement and sale of wastepaper, which it supplies to paper mills as a critical raw material. The company offers different types of Kraft paper for various end uses. Its recycled Kraft paper caters to packaging clients in Gujarat, often under flexible credit terms. It also supplies absorbent Kraft paper, which is repurposed by mills for furniture and interior décor. For sustainable packaging, Aten provides durable Kraft paper for grocery, medical, and other daily-use bags. In addition, it manufactures tube Kraft paper using a mix of wood pulp, cardboard, and Kraft paper tailored to industrial needs.
Mint
3 days ago
- Business
- Mint
Aten Papers & Foam IPO Day 1: Check subscription status, GMP, and other details
Aten Papers & Foam IPO: The initial public offering (IPO) of Aten Papers & Foam opened for subscription today, June 13 and will close on June 17. The company, which aims to raise ₹ 31.68 crore through the SME IPO, has set price band in the range of ₹ 91-96 per share. Aten Papers & Foam IPO was subscribed 0.29 times bids at the end of the first day. The IPO received bids for 9.16 lakh shares against 31.34 lakh shares on offer. The retail investor segment was booked 0.10 times, while the non-institutional investors (NII) category was subscribed 0.41 times. Meanwhile, the qualified Institutional buyers category was subscribed 1.02 percent. Aten Papers & Foam GMP today The company's shares in the grey market traded at 0. This indicates an estimated listing price of ₹ 96, same IPO price of ₹ 96. One must note that grey market premium is only an indicator of how the company's shares are performing in the unlisted market and can change quickly. Aten Papers & Foam IPO was entirely a fresh issue of 33 lakh shares with no offer for sale component. Retail investors could apply with a minimum lot size of 1,200 shares, requiring a minimum investment of ₹ 1.09 lakh. The proceeds from the IPO will be allocated as follows: ₹ 4.27 crore will be used to meet capital expenditure requirements, ₹ 15.5 crore will go towards funding incremental working capital needs, and the remaining amount will be set aside for general corporate purposes and public issue-related expenses. The allotment status for Aten Papers IPO is expected to be finalised on June 18. Successful investors will see equity shares credited to their Demat accounts by June 24, while refunds for those who did not receive allotment will be processed the same day. Shares of Aten Papers are set to debut on BSE SME on June 20. Of the total net offer, 47.5 percent has been earmarked each for retail and non-institutional investors, while the remaining 5 percent is allocated to qualified institutional buyers. Swastika Investmart Ltd is acting as the book-running lead manager for the Aten Papers & Foam IPO, while Skyline Financial Services Private Ltd has been appointed as the registrar for the issue. Sunflower Broking Private Limited is serving as the market maker for the IPO. "APFL is engaged in the trading in the paper product supply chain. It provides products suitable for packaging industry and thus follows B2B mode of operations. It posted steady growth in its top and bottom lines. Based on its recent financial performance, the issue appears aggressively priced. The sudden boost in bottom lines from FY24 onwards raise eyebrows and concern over its sustainability going forward. Well-informed/cash surplus investors may park moderate funds for medium term in this pricey bet," said Dilip Davda of recommending a 'may apply' rating to the issue. Incorporated in 2019, Aten Papers & Foam plays a key role in the paper product supply chain. The company procures paper from various mills and supplies it to clients in the packaging industry. Its product portfolio includes duplex boards, kraft paper, and other paper variants available in different sizes, grades, and thicknesses. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
