Latest news with #AtenPapersandFoam
Economic Times
7 hours ago
- Business
- Economic Times
Aten Papers and Foam IPO opens for subscription today. Check details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of Aten Papers and Foam will open for subscription on June 13 and will remain open until June 17. The SME public offer is a fresh equity sale of 33 lakh equity shares and aims to raise Rs 31.68 crore through the book-building price band has been set between Rs 91 and Rs 96 per share. Investors can apply for a minimum of 1,200 shares per lot, translating to a retail application size of Rs 1.15 lakh at the upper price allotment is expected to be finalized on June 18, while the tentative listing on the BSE SME platform is scheduled for June 20. Swastika Investmart is the lead manager to the issue, Skyline Financial Services is the in 2019, Aten Papers and Foam operates as a key intermediary in the paper supply chain, sourcing Kraft paper and duplex boards from various mills and supplying them to packaging company also trades in wastepaper, an essential raw material for paper mills. Its range of products caters to diverse industrial applications including packaging, décor, grocery bags, and tube in Gujarat, the company has built a reputation for maintaining ready stock, in-house logistics, and credibility with banking company's revenue rose 43% year-on-year to Rs 138.70 crore in FY25. Profit after tax surged 152% to Rs 7.01 crore during the same IPO proceeds will be primarily used to meet capital expenditure of Rs 4.27 crore, working capital requirements of Rs 15.50 crore, and for general corporate purposes. The post-issue market capitalization of the company is expected to be around Rs 98.88 crore.
Time of India
8 hours ago
- Business
- Time of India
Aten Papers and Foam IPO opens for subscription today. Check details
The initial public offering (IPO) of Aten Papers and Foam will open for subscription on June 13 and will remain open until June 17. The SME public offer is a fresh equity sale of 33 lakh equity shares and aims to raise Rs 31.68 crore through the book-building route. The price band has been set between Rs 91 and Rs 96 per share. Investors can apply for a minimum of 1,200 shares per lot, translating to a retail application size of Rs 1.15 lakh at the upper price band. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo The allotment is expected to be finalized on June 18, while the tentative listing on the BSE SME platform is scheduled for June 20. Swastika Investmart is the lead manager to the issue, Skyline Financial Services is the registrar. Incorporated in 2019, Aten Papers and Foam operates as a key intermediary in the paper supply chain, sourcing Kraft paper and duplex boards from various mills and supplying them to packaging clients. The company also trades in wastepaper, an essential raw material for paper mills. Its range of products caters to diverse industrial applications including packaging, décor, grocery bags, and tube manufacturing. Live Events Headquartered in Gujarat, the company has built a reputation for maintaining ready stock, in-house logistics, and credibility with banking partners. The company's revenue rose 43% year-on-year to Rs 138.70 crore in FY25. Profit after tax surged 152% to Rs 7.01 crore during the same period. The IPO proceeds will be primarily used to meet capital expenditure of Rs 4.27 crore, working capital requirements of Rs 15.50 crore, and for general corporate purposes. The post-issue market capitalization of the company is expected to be around Rs 98.88 crore.
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Business Standard
4 days ago
- Business
- Business Standard
Aten Papers and Foam IPO opens on June 13; check key details here
Aten Papers and Foam IPO: Aten Papers and Foam, a paper products supply chain intermediary, is set to launch its initial public offering (IPO) on June 13, 2025. The SME offering comprises a fresh issuance of 3.3 million equity shares. There is no offer-for-sale (OFS) component. The company has not announced the price bands yet. Aten Papers and Foam IPO key dates According to the RHP, the three-day subscription window will tentatively close on Tuesday, June 17, 2025. The basis of the allotment of shares is likely to be finalised on or before Wednesday, June 18, 2025. Shares of Aten Papers and Foam will be listed on the BSE SME platform tentatively on Friday, June 20, 2025. Aten Papers and Foam IPO registrar, lead manager Skyline Financial Services is the registrar of the issue. Swastika Investmart is the sole book-running lead manager. Aten Papers and Foam IPO objective According to the red herring prospectus (RHP), the company plans to use the net issue proceeds for capital expenditure, meet working capital requirements and general corporate purposes. About Aten Papers and Foam Incorporated in 2019, Aten Papers and Foam operates as an important intermediary in the Paper Product Supply Chain. It procures paper from different paper mills and resells them to clients in the packaging products industry. It also purchases wastepaper from the stockiest and sells them to paper mills which is crucial raw material for such mills. Aten Papers's product portfolio includes a wide range of grades, thicknesses, widths, and standards for Kraft papers, Duplex boards and others according to customer specifications. Aten Papers and Foam financial snapshot In the financial year 2024-25 (FY25), Aten Papers and Foam reported revenue from operations of ₹138.69 crore, up 43 per cent from ₹96.79 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹7.01 crore in FY25, around 1.5 times increase from ₹2.78 crore in FY24. Its earnings before interest, tax, depreciation and amortisation (Ebitda) doubled from ₹5.15 crore in FY24 to ₹10.65 crore in FY25.
