Aten Papers & Foam Limited IPO

Incorporated in 2019, Aten Papers & Foam Limited is 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.

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.

Products:

  • Kraft Paper: The company sells recycled Kraft paper for packaging, primarily to Gujarat-based customers with varying credit periods.
  • Absorbent Kraft Paper: The company sells absorbent Kraft paper, recycled by mills, used in interior décor and furniture.
  • Paper Bag Kraft Paper: The company produces durable, eco-friendly Kraft paper bags for packaging groceries, medical items, and more.
  • Tube Kraft Paper: The company uses materials like wood pulp, kraft paper, and cardboard to manufacture tubes based on application.

As on November 30th, 2024, the company had 14 employees.

Competitive Strengths:

  • Experienced Senior Management Team
  • Variety of Products
  • High Credibility with the Banker and existing lines of Credit since 2019
  • In-house Logistics
  • Ready Stock

Aten Papers & Foam Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets37.8232.9229.6227.85
Revenue58.1896.89189.82
Profit After Tax3.822.780.50.76
Net Worth10.857.034.253.74
Reserves and Surplus3.856.033.252.75
Total Borrowing10.9615.6716.0315.44
Amount in ₹ Crore

Key Performance Indicator (KPI)

The market capitalization of Aten Papers & Foam IPO is Rs 98.88 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE49.31%
ROCE23.23%
Debt/Equity2.23
RoNW39.55%
PAT Margin2.87
Price to Book Value9.55
 Pre IPOPost IPO
EPS (Rs)3.977.41
P/E (x)24.1612.95
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Aten Papers & Foam IPO Objectives)

The Company Aten Papers & Foam IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.Objects of the IssueExpected Amount (in Millions)
1Capital Expenditure42.5
2Incremental Working Capital Requirements155
3For General Corporate Purpose 
4Public Issue Expenses 

Aten Papers & Foam IPO Details

IPO DateMarch 28, 2025 to April 2, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price Band₹91 to ₹96 per share
Lot Size1,200 Shares
Total Issue Size33,00,000 shares
(aggregating up to ₹31.68 Cr)
Fresh Issue33,00,000 shares
(aggregating up to ₹31.68 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share Holding Pre Issue70,00,000 shares
Share Holding Post Issue1,03,00,000 shares
Market Maker Portion1,65,600 shares

Aten Papers & Foam IPO Promoter Holding

Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani are the promoters of the company.

Share Holding Pre Issue99.99%
Share Holding Post Issue 

SHARIAH SCREENING for - Aten Papers & Foam Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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