Aten Papers & Foam IPO Details
The Aten Papers & Foam IPO is set to open on March 28, 2025, and will close on April 2, 2025. It is a book-built issue IPO with a face value of ₹10 per share and an issue price band ranging from ₹91 to ₹96 per share. The lot size for bidding is 1,200 shares. The total issue size consists of 33,00,000 fresh issue shares, aggregating up to ₹31.68 crore. Post-IPO, the company’s shareholding will increase from 70,00,000 shares to 1,03,00,000 shares. The IPO will be listed on the BSE SME exchange. Additionally, a market maker portion of 1,65,600 shares is allocated to Sunflower Broking Private Limited.
Aten Papers & Foam IPO Reservation
The Aten Papers & Foam IPO has a structured reservation system for different categories of investors. Qualified Institutional Buyers (QIBs) are allocated not more than 50% of the net issue, ensuring a fair distribution among institutional participants. Retail investors are guaranteed at least 35% of the net issue, providing significant opportunities for individual investors. Meanwhile, Non-Institutional Investors (NIIs), also known as High Net-Worth Individuals (HNIs), are allocated a minimum of 15% of the net issue, allowing for larger bids from affluent investors. This structured allocation ensures balanced participation across various investor classes.
Aten Papers & Foam Important Dates
The Aten Papers & Foam IPO is scheduled to open for subscription on March 28, 2025, and will close on April 2, 2025. The tentative allotment of shares is expected to take place on April 3, 2025, with refunds initiated and shares credited to demat accounts on April 4, 2025. The tentative listing date for the IPO is set for April 7, 2025. For those applying through UPI, the cut-off time for mandate confirmation is 5 PM on April 2, 2025. Further details about the IPO lot are available below the displayed information.
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Aten Papers & Foam IPO Lot Size
The Aten Papers & Foam IPO requires investors to bid for a minimum of 1200 shares, and in multiples thereof. Retail investors can apply for a single lot of 1200 shares, amounting to ₹1,15,200. High Net Worth Individuals (HNIs) must apply for a minimum of two lots, totaling 2,400 shares and ₹2,30,400. A “Lot Size Calculator” is available for further assistance in determining the appropriate investment.
About Aten Papers & Foam Limited
Aten Papers & Foam Limited, established in 2019, operates as a crucial intermediary in thea paper product supply chain. The company sources paper from various mills and supplies it to clients in the packaging industry. Their product offerings include Kraft paper, duplex boards, and other paper products in a variety of grades, thicknesses, and sizes. Additionally, they purchase and sell wastepaper to paper mills, which serves as a vital raw material. Their product range includes recycled Kraft paper for packaging, primarily sold to customers in Gujarat with varying credit periods, absorbent Kraft paper used in interior décor and furniture, and paper bag Kraft paper.
Aten Papers & Foam Limited financial
Aten Papers & Foam Limited’s financial performance shows steady growth over the past few years. Assets have increased from ₹27.85 crore in March 2022 to ₹37.82 crore as of September 2024. Revenue has also seen a significant rise, reaching ₹96.8 crore in March 2024. Profit after tax has fluctuated, peaking at ₹3.82 crore in September 2024. The company’s net worth has grown consistently, reaching ₹10.85 crore in September 2024. Total borrowings have also increased, reaching ₹10.96 crore in September 2024. All figures are in ₹ crore.
Aten Papers & Foam Limited Promoters
Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani are the promoters of Aten Papers & Foam Limited. Prior to the IPO, they held a significant shareholding of 99.99% in the company. This indicates a strong initial ownership and control by the promoters before the public offering.
Aten Papers & Foam IPO Registrar
The registrar for the Aten Papers & Foam IPO is Skyline Financial Services Private Ltd. They can be contacted at 02228511022 or via email at
ipo@skylinerta.com. Further information about the registrar and the IPO process can be found on their website:
https://www.skylinerta.com/ipo.php.
Summary
Aten Papers & Foam Limited is launching its IPO, which is a book-built issue. The IPO will be open for subscription from March 28, 2025, to April 2, 2025, and will be listed on the BSE SME exchange. The company operates as a paper product supplier, sourcing paper from mills and providing it to clients in the packaging industry. The IPO has a specific reservation structure for different investor categories, including Qualified Institutional Buyers (QIBs), Retail investors, and Non-Institutional Investors (NIIs). The company has shown consistent financial growth in recent years, and the promoters are Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani. Skyline Financial Services Private Ltd. is the registrar for the IPO.
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