Aten Papers And Foam Date, Review, Price and Key Information

Aten Papers & Foam Limited IPO is fully book build issue and total IPO size is ₹null crores. The total offering consists of 3300000 shares.

The subscription period for the Aten Papers & Foam Limited IPO starts on March 28, and ends on April 02. The allotment process is expected to be finalized by [.].

The Aten Papers & Foam Limited IPO is scheduled to list on BSE SME, with a listing date of [.]. The price band for the Aten Papers & Foam Limited IPO has not been announced yet.

Registrar for this IPO is Skyline Financial Services Private Limited and lead managers for Aten Papers & Foam Limited IPO are Swastika Investmart Limited.

IPO Schedule

IPO Open Date	Friday, 28 Mar, 2025
IPO Close Date	Wednesday, 02 Apr, 2025
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	Friday, 04 Apr, 2025
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	3,300,000 Shares
Fresh Issue	3,300,000 Shares
Issue Type	Fresh Issue
Listing At	BSE SME

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Aten Papers & Foam Limited Company

Aten Papers & Foam Limited, incorporated in 2019, operates as an intermediary in the paper product supply chain, procuring paper from mills and reselling it to clients in the packaging industry. Their product portfolio includes Kraft Paper and Duplex Board and Waste paper that is supplied to paper mills.

The company plans to set up wastepaper processing units at three locations in Ahmedabad. These units will utilize part of the IPO proceeds to enhance supply chain efficiency. The company's revenue is primarily derived from Gujarat, accounting for over 97% of sales, with Kraft paper constituting a major portion of the revenue.

Key financial highlights include revenue from operations of ₹5,817.45 Lakhs for the period ended September 30, 2024. EBITDA for the same period stood at ₹574.48 Lakhs with a profit after tax of ₹381.66 Lakhs, and Debt Equity Ratio 1.01. Key strengths of the company lie in its experienced management team, a diverse product range, strong banking relationships, in-house logistics, and ready stock availability. Aten Papers & Foam Limited is focused on expanding its domestic presence and increasing its scale of business operations.

Aten Papers & Foam Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	378.16	329.24	296.23	278.50
Revenue
Profit After Tax
Net Worth	108.49	70.32	42.51	37.49
Reserves and Surplus	38.49	60.32	32.51	27.49
Total Borrowing	109.55	156.70	160.33	154.44

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
3.97	39.55%	10.05	2.23	49.31%	23.23%

Offer Objectives

The company proposes a public issue of 33,00,000 Equity Shares. The net proceeds will be utilized for:

Capital Expenditure: Setting up wastepaper processing units at three locations in Ahmedabad. ₹ 425 Lakhs (₹ 4.25 Crore) is allocated for machinery purchases, including Balers, Forklifts, Tractors, and Weighbridges. Leased premises have been secured for these units.
Working Capital Requirements: ₹ 4,458.34 Lakhs (₹ 44.58 Crore) is the estimated working capital for FY 2025-26, with ₹ 1,550 Lakhs (₹ 15.50 Crore) to be funded from the net issue proceeds. The balance will come from borrowings and internal accruals.
General Corporate Purposes: An amount is allocated for general corporate purposes.

Listing on the SME Platform of BSE is expected to enhance the company's corporate image, brand visibility, and provide liquidity to existing shareholders.

The company has not raised any bridge loan against the proceeds of the issue. As of the date of the Red Herring Prospectus, none of the shares held by promoters or the promoter group are subject to any pledge.

The Company confirms adherence to SEBI (ICDR) Regulations, including firm arrangements of finance, for 75% of stated means of finance, excluding Issue Proceeds and existing internal accruals.