Latest news with #AtenPapers&Foam
Business Standard
10 hours ago
- Business
- 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
11 hours ago
- Business
- 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.
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Business Standard
2 days ago
- Business
- Business Standard
Aten Papers & Foam IPO allotment today; check status, GMP, listing date
Aten Papers & Foam IPO allotment status: The basis of allotment of shares for Aten Papers & Foam Solutions is expected to be finalised today, June 17, 2025, following the closure of its initial public offering (IPO). Aten Papers & Foam IPO, which closed its three-day subscription window on Monday, June 16, received a muted response from investors, getting oversubscribed by nearly 1.5 times. Here's how to check the Aten Papers & Foam IPO allotment status online Once the allotment is finalised, investors who have placed bids for the Aten Papers & Foam IPO can check their status on the official websites of the BSE and Skyline Financial Services, the registrar for the IPO. Alternatively, investors can also use these direct links to check the Aten Papers & Foam IPO allotment status online: Check Aten Papers & Foam IPO allotment status on Skyline Financial Services: Aten Papers & Foam IPO details The SME offering, valued at around ₹31.68 crore, comprised an entirely fresh issue of 3.3 million equity shares. The Aten Papers & Foam IPO does not have any offer for sale (OFS) component. The public issue was open for subscription from Friday, June 13, 2025, to Tuesday, June 17, 2025. It was available at ₹91–₹96 per share, with a lot size of 1,200 shares. Skyline Financial Services serves as the registrar, while Swastika Investmart acts as the sole book-running lead manager for the offering. Aten Papers & Foam proposes to utilise the proceeds from the public issue for capital expenditure, as well as to meet the working capital requirements of the company. The proceeds will further be utilised for general corporate purposes. Aten Papers & Foam IPO grey market premium (GMP), listing estimate The unlisted shares of Aten Papers & Foam were trading flat at ₹96 per share in the grey market, revealed sources tracking unofficial market activities. Thus, the grey market premium (GMP) of the Aten Papers & Foam IPO remains nil as of Wednesday, June 18. Shares of Aten Papers & Foam are expected to debut on the BSE SME platform tentatively on Friday, June 21, 2025. The current GMP trend indicates a flat listing of the company's shares. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for determining the company's market performance. About Aten Papers & Foam IPO Aten Papers & Foam operates as an intermediary in the paper product supply chain. The company sources paper from various mills and supplies it to clients in the packaging industry. Aten Papers offers a range of products, including Kraft paper, duplex boards, and wastepaper, catering to diverse customer needs. The company's products include absorbent Kraft paper, paper bags, and tube Kraft paper, serving various applications.
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Business Standard
13-06-2025
- 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
13-06-2025
- 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.
