Aten Papers & Foam Limited (BSE SME)
Mar 28, 2024 - Apr 2, 2024
| Price | ₹91 - ₹96 |
| Premium | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Apr 3, 2024 |
| Listing | Apr 7, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 115200 | 915 |
| HNI | 2 | 2400 | 230400 | 392 |
Aten Papers & Foam IPO Details
| 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 | Book Built Issue 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 |
| Market Maker | Sunflower Broking |
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 |
Key Performance Indicator (KPI)
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 42.69% | 49.31% | 12.59% |
| ROCE | 25.45% | 23.23% | 8.70% |
| RONW | 35.18% | 39.55% | 11.84% |
| D/E | 1.01 | 2.23 | 3.78 |
| EPS (diluted) | 5.45 | 3.97 | 0.72 |
| P/E Pre IPO | 24.16 | ||
| P/E Post IPO | 12.95 |
Company Financials In Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 37.8 | 32.9 | 29.6 | 27.9 |
| Revenue | 58.2 | 96.8 | 91.0 | 89.8 |
| Profit After Tax | 3.8 | 2.8 | 0.5 | 0.8 |
| Net Worth | 10.9 | 7.0 | 4.3 | 3.7 |
| Reserves and Surplus | 3.9 | 6.0 | 3.3 | 2.8 |
| Total Borrowing | 11.0 | 15.7 | 16.0 | 15.4 |
About Company
Incorporated in 2019, Aten Papers & Foam Limited operates as a key intermediary in the paper product supply chain, sourcing paper from various mills and supplying it to clients in the packaging industry. The company offers a range of products, including Kraft paper, duplex boards, and other paper variants in different grades, thicknesses, and sizes. Additionally, it plays a crucial role in the recycling ecosystem by purchasing and selling wastepaper to paper mills as a raw material. Its product portfolio includes recycled Kraft paper, primarily supplied to Gujarat-based customers with varying credit periods; absorbent Kraft paper, used in interior décor and furniture; paper bag Kraft paper, designed for eco-friendly packaging solutions like grocery and medical bags; and tube Kraft paper, manufactured using materials like wood pulp, kraft paper, and cardboard for various applications. As of November 30, 2024, the company employed 14 individuals.
Efficient Supply Chain Control – The company ensures cost efficiency through direct sourcing from paper mills and in-house logistics while maintaining a "ready stock" model for quick turnaround and timely deliveries.
Financial Stability & Creditworthiness – Strong banking relationships since inception (2019) enable bulk purchasing and smooth operations, reinforcing the company’s financial credibility.
Sustainability & Circular Economy Approach – The company follows a closed-loop system by integrating wastepaper recycling into its supply chain, contributing to environmental sustainability and reducing raw material dependency.
Commodity Price Volatility – Fluctuations in paper pulp prices can impact procurement costs and profit margins, making pricing strategies challenging.
Client Concentration Risk – A significant reliance on the Gujarat market increases exposure to regional economic shifts, demand fluctuations, and competitive pressures.
Regulatory & Compliance Risks – Changing sustainability norms and environmental regulations may require operational adjustments, impacting costs and business continuity.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php