Aten Papers & Foam share price off to a tepid start, lists at 6% discount on BSE SME
Aten Papers & Foam IPO Listing: The shares of Aten Papers & Foam, a paper and paper products maker, were off to a slow start on the BSE SME on Friday, June 20. Aten Papers & Foam shares got listed at ₹ 90 apiece, down 6.25% from their issue price of ₹ 96 per share.
The listing price of Aten Papers & Foam IPO was below what the grey market was pencilling in. Ahead of its listing, the Aten Papers & Foam IPO GMP was nil, indicating that investors expected the stock to list at par, rather than at a discount.
Aten Papers & Foam share price extended losses post listing, hitting the 5% lower price band of ₹ 85.50 apiece. From its issue price, Aten Papers & Foam stock was down nearly 11%, disappointing its IPO investors.
The initial public offering (IPO) of Aten Papers & Foam was open for subscription from June 13 to June 17 at a fixed price of ₹ 96 per share. The public offer was an entirely fresh issue sale of 33 lakh shares, aiming to raise ₹ 31.68 crore.
Aten Papers & Foam IPO had seen a decent demand, garnering 1.49 times bids. Overall, the IPO garnered bids for 46,70,400 shares as against 31,34,400 shares on offer. The retail portion was subscribed 2.17 times, the non-institutional investor portion was booked 0.66 times, and the qualified institutional buyers portion received 2.91 times bids.
The minimum lot size for an application was set as 1200 shares, requiring an investment of at least ₹ 1,09,200 by the retail investors.
Aten Papers plans to utilise the IPO proceeds for capital expenditure, meeting working capital requirements and general corporate purposes.
Incorporated in 2019, Aten Papers & Foam operates as a key intermediary in the paper product supply chain. 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.
Disclaimer: This story is for educational purposes only. 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 making any investment decisions.
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Business Standard
5 hours ago
- Business Standard
BSE SME Aten Papers & Foam shares soggy on debut
Shares of Aten Papers & Foam was trading at Rs 85.50 on the BSE, a discount of 10.94% compared with the issue price of Rs 96. The scrip was listed at Rs 90, a discount of 6.25% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 90 and a low of Rs 85.50. About 1.26 lakh shares of the company changed hands at the counter. Aten Papers & Foam's IPO was subscribed 1.46 times. The issue opened for bidding on 13 June 2025 and it closed on 17 June 2025. The price band of the IPO was fixed between Rs 91 to Rs 96 per share. The IPO comprised fresh issue of 33,00,000 equity shares. The company intends to utilize the net proceeds to meet working capital requirements, capital expenditure and general corporate purpose. Aten Papers & Foam operates as an important intermediary in the paper product supply chain. Acting as a key middleman, it procures paper from various paper mills and resells it to clients in the packaging products industry. Its product offerings include Kraft Paper and Duplex Board. The company also purchases wastepaper from stockists and supplies it to paper mills, where it serves as a crucial raw material. Aten Papers & Foams product portfolio features a wide range of Kraft Papers and Duplex Boards in various grades, thicknesses, widths, and standards, tailored to meet specific customer requirements. As of 31 March 2025, the company had total 14 employees. The company recorded revenue from operations of Rs 138.69 crore and net profit of Rs 7.01 crore for the period ended 31 March 2025.
Mint
6 hours ago
- Mint
Aten Papers & Foam share price off to a tepid start, lists at 6% discount on BSE SME
Aten Papers & Foam IPO Listing: The shares of Aten Papers & Foam, a paper and paper products maker, were off to a slow start on the BSE SME on Friday, June 20. Aten Papers & Foam shares got listed at ₹ 90 apiece, down 6.25% from their issue price of ₹ 96 per share. The listing price of Aten Papers & Foam IPO was below what the grey market was pencilling in. Ahead of its listing, the Aten Papers & Foam IPO GMP was nil, indicating that investors expected the stock to list at par, rather than at a discount. Aten Papers & Foam share price extended losses post listing, hitting the 5% lower price band of ₹ 85.50 apiece. From its issue price, Aten Papers & Foam stock was down nearly 11%, disappointing its IPO investors. The initial public offering (IPO) of Aten Papers & Foam was open for subscription from June 13 to June 17 at a fixed price of ₹ 96 per share. The public offer was an entirely fresh issue sale of 33 lakh shares, aiming to raise ₹ 31.68 crore. Aten Papers & Foam IPO had seen a decent demand, garnering 1.49 times bids. Overall, the IPO garnered bids for 46,70,400 shares as against 31,34,400 shares on offer. The retail portion was subscribed 2.17 times, the non-institutional investor portion was booked 0.66 times, and the qualified institutional buyers portion received 2.91 times bids. The minimum lot size for an application was set as 1200 shares, requiring an investment of at least ₹ 1,09,200 by the retail investors. Aten Papers plans to utilise the IPO proceeds for capital expenditure, meeting working capital requirements and general corporate purposes. Incorporated in 2019, Aten Papers & Foam operates as a key intermediary in the paper product supply chain. 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. Disclaimer: This story is for educational purposes only. 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 making any investment decisions.
Time of India
8 hours ago
- Time of India
Aten Papers and Foam shares to list today. GMP signals flat listing
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Aten Papers and Foam is all set to list on the BSE SME platform today, June 20, following the completion of its Rs 31.68 crore initial public offering . While the IPO received a modest overall subscription of 1.49 times, the grey market premium (GMP) remains at Rs 0, suggesting a flat or subdued issue, priced at Rs 96 per share, consisted entirely of a fresh issue of 33 lakh equity shares. It opened for subscription on June 13 and closed on June retail portion saw 2.17 times subscription, while QIBs bid 2.91 times their quota. However, interest from non-institutional investors was lukewarm, with that segment covered only 0.66 company raised Rs 31.68 crore, which will primarily be used for capital expenditure, working capital needs, and general corporate purposes. Post-issue, the company's market capitalisation is pegged at around ₹99 Papers and Foam, incorporated in 2019, operates as a trading intermediary in the paper supply chain. It deals in kraft paper, absorbent paper, and duplex boards used in the packaging industry, along with supplying waste paper to paper mills as raw also offers various grades and sizes of kraft paper for grocery bags, furniture applications, and industrial the company has shown solid growth, with revenue rising 43% to Rs 139 crore in FY25, and net profit surging 152% to Rs 7 crore. However, some analysts remain cautious about the recent jump in profits and question its GMP at zero and only modest investor interest, all eyes will now be on how Aten's listing unfolds in today's trade.
