Aten Papers & Foam IPO Day 1: Check subscription status and other details

by Ashok

Posted on June 13, 2025

Aten Papers & Foam IPO Day 1: Key Details

Subscription Status (Day 1, as of 12:10 PM)

• The IPO has been subscribed 0.29 times overall.
• Retail category: 0.10 times subscribed.
• Qualified Institutional Buyers (QIB): 1.02 times subscribed.
• Non-Institutional Investors (NII): 0.41 times subscribed.
• The IPO opened on June 13, 2025, and will close on June 17, 2025.

Grey Market Premium (GMP)

• The GMP for Aten Papers & Foam IPO stands at ₹0, indicating expectations of a flat listing at the upper price band.

IPO Details

• Issue size: ₹31.68 crore (entirely fresh issue of 33 lakh shares).
• Price band: ₹91 to ₹96 per share.
• Lot size: 1,200 shares per lot.
  • Minimum investment for retail: ₹1,15,200 at the cut-off price.
  • For HNIs: Minimum investment is ₹2,30,400 (2 lots).
• The IPO is listed on the BSE SME platform, with a tentative listing date of June 20, 2025.

Important Dates

• IPO open: June 13, 2025
• IPO close: June 17, 2025
• Allotment finalization: June 18, 2025
• Refund initiation: June 19, 2025
• Shares credited to Demat: June 19 or 24, 2025 (varies by source)
• Listing date: June 20, 2025.

Company Overview

• Aten Papers & Foam, incorporated in 2019 and based in Gujarat, operates as an intermediary in the paper supply chain, sourcing Kraft paper and duplex boards for packaging clients and trading in wastepaper.
• Revenue for FY25: ₹138.70 crore (up 43% YoY).
• Profit after tax for FY25: ₹7.01 crore (up 152% YoY).

Use of IPO Proceeds

• Capital expenditure: ₹4.27 crore
• Incremental working capital: ₹15.5 crore
• General corporate purposes and issue expenses.

Registrar and Lead Manager

• Registrar: Skyline Financial Services Private Limited
• Lead Manager: Swastika Investmart Limited.

Summary Table: Aten Papers & Foam IPO Snapshot

Note: Subscription numbers and GMP can fluctuate throughout the IPO window. Check for updates closer to the IPO closing date.

Ref: Aten Papers & Foam IPO Day 1: Check subscription status, GMP, and other details