Aten Papers & Foam IPO is a book-built issue worth ₹31.68 crores, consisting entirely of a fresh issue of 33.00 lakh shares. The IPO opens for subscription on March 28, 2025, and closes on April 2, 2025, with the allotment expected to be finalized on April 3, 2025. The shares are set to be listed on the BSE SME platform, with a tentative listing date of April 7, 2025.
The IPO price band is set between ₹91 to ₹96 per share, and the minimum lot size for an application is 1,200 shares, requiring a minimum investment of ₹1,09,200 for retail investors. To avoid the risk of oversubscription, investors are advised to bid at the cutoff price (₹96 per share), which amounts to approximately ₹1,15,200. High Net-Worth Individuals (HNIs) must apply for at least 2 lots (2,400 shares), totaling ₹2,30,400.
The IPO is managed by Swastika Investmart Ltd as the book-running lead manager, with Skyline Financial Services Private Ltd serving as the registrar, and Sunflower Broking Private Limited acting as the market maker.
Aten Papers & Foam IPO Details
| IPO Date | March 28, 2025 to April 2, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹91 to ₹96 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 33,00,000 shares (aggregating up to ₹31.68 Cr) |
| Fresh Issue | 33,00,000 shares (aggregating up to ₹31.68 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,03,00,000 shares |
| Market Maker Portion | 1,65,600 shares Sunflower Broking Private Limited |
Aten Papers & Foam IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Aten Papers & Foam IPO Timeline (Tentative Schedule)
Aten Papers & Foam IPO opens on March 28, 2025, and closes on April 2, 2025.
| IPO Open Date | Fri, Mar 28, 2025 |
| IPO Close Date | Wed, Apr 2, 2025 |
| Tentative Allotment | Thu, Apr 3, 2025 |
| Initiation of Refunds | Fri, Apr 4, 2025 |
| Credit of Shares to Demat | Fri, Apr 4, 2025 |
| Tentative Listing Date | Mon, Apr 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 2, 2025 |
About Aten Papers & Foam Limited
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 in the packaging industry.
Aten Papers & Foam offers a range of products, including Kraft paper, duplex boards, and other paper varieties, available in different grades, thicknesses, and sizes. Additionally, the company engages in the procurement and sale of wastepaper, supplying it to paper mills as a crucial raw material for production.
Aten Papers & Foam Limited – FAQ
What does Aten Papers & Foam Limited do?
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 in the packaging industry.
When was Aten Papers & Foam Limited incorporated?
The company was incorporated in 2019.
Who is the lead manager for the IPO?
The book-running lead manager for the IPO is Swastika Investmart Ltd.
Who is the registrar for the IPO?
Skyline Financial Services Private Ltd is the registrar for the issue.
Who is the market maker for Aten Papers & Foam IPO?
The market maker for the IPO is Sunflower Broking Private Limited.
When does the IPO open and close for subscription?
The IPO opens on March 28, 2025, and closes on April 2, 2025.
When will the IPO allotment be finalized?
The allotment is expected to be finalized on April 3, 2025.
