Aten Papers & Foam IPO Upcoming
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Schedule of Aten Papers & Foam
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Aten Papers & Foam
Aten Papers & Foam Limited, originally incorporated as a private company in 2019, converted to a public company in 2024. The company operates as a key intermediary in the paper supply chain, procuring paper from mills and selling it to packaging industries while also trading wastepaper for paper mills. Based in Ahmedabad, it primarily serves the Gujarat market. Led by experienced promoters Mohamedarif and Amrin Lakhani, the company plans to expand by setting up three wastepaper processing units in Ahmedabad using proceeds from its public issue.
Financials of Aten Papers & Foam
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹31.68 crores |
| Fresh Issue | ₹31.68 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure | 4.25 |
| Working Capital Requirements | 15.5 |
Strengths
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Strong positioning as an intermediary in the paper product supply chain.
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Established network with paper mills and packaging industry clients.
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Diversified product portfolio including Kraft Paper, Duplex Board, and wastepaper trading.
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Experienced management team with over two decades in the industry.
- Strategic expansion into wastepaper processing units to strengthen market presence.
Risks
- Dependence on Gujarat market exposes business to regional risks.
- Potential operational inefficiencies in new wastepaper processing expansion.
- Vulnerability to raw material price fluctuations and supply chain disruptions.
- Legal and regulatory risks including tax-related matters and compliance challenges.
- Competition from established players in the paper trading and processing industry.
Allotment Status for Aten Papers & Foam
To check your allotment status – click here.