Aten Papers & Foam Ltd., established in 2019, operates in the Paper & Paper Products sector, specializing in sourcing paper from mills and distributing it to packaging clients. The company’s IPO price band of ₹91–₹96 per share and an issue size of ₹31.68 crores. The IPO proceeds are intended for working capital and corporate purposes.
₹00
₹96
₹90.00
Expert Opinions
Aten Papers IPO reflects positive market sentiment due to its role as a key intermediary in the paper supply chain, catering to the growing packaging industry. The company’s strengths include an experienced management team, diverse product offerings, and credibility with financial institutions. It reported strong financial growth in FY2024, with revenue rising to ₹96.80 crores and PAT increasing to ₹2.78 crores.
However, risks and challenges include dependency on a few suppliers, related-party revenue concentration, and lack of ownership of operational facilities. The company’s valuation analysis for FY2024 reveals a Return on Equity (ROE) of 49.31%, Return on Capital Employed (ROCE) of 23.23%, and Net Asset Value (NAV) of ₹10.05. From a long-term investment perspective, Aten Papers shows potential due to steady financial growth and expansion plans in the packaging sector, but investors must weigh risks carefully before committing.
Investor Considerations
Investors considering Aten Papers & Foam IPO should focus on several critical factors. The company performance reflects steady growth, with revenue increasing from ₹91 crores in FY2023 to ₹96.8 crores in FY2024, showcasing strong operational performance. The sector outlook for the paper and packaging industry remains robust, driven by rising demand for sustainable packaging solutions.
In terms of IPO valuation for FY2024, the Price to Book Value is expected to be around 9.55, with a PAT margin of 2.87% and a debt-to-equity ratio of 2.23, indicating higher leverage. Growth prospects are promising as the company plans to expand its market presence and enhance operational efficiency. However, risk factors include competition from established players and depends on a limited supplier base. For the investment horizon, short-term investors may face volatility, while long-term investors could benefit from Aten’s growth trajectory and strategic initiatives in the evolving packaging sector.
| Date | GMP | Trend |
|---|---|---|
| 19 Jun 2025 11.52 | ₹00 | --- |
| 18 Jun 2025 10.37 | ₹00 | --- |
| 17 Jun 2025 15.38 | ₹00 | Down |
| 16 Jun 2025 11.22 | ₹10 | Up |
| 15 Jun 2025 11.59 | ₹00 | --- |
| 14 Jun 2025 10.51 | ₹00 | --- |
| 13 Jun 2025 10.47 | ₹00 | --- |
| 12 Jun 2025 10.42 | ₹00 | --- |
| 11 Jun 2025 13.40 | ₹00 | --- |
| 27 Mar 2025 11.13 | ₹00 | --- |
| 26 Mar 2025 11.21 | ₹00 | --- |
FAQs
The Grey Market Premium showed moderate accuracy in predicting Aten Papers & Foam IPO’s listing sentiment, though missed the magnitude. While the GMP of ₹0 suggested weak market enthusiasm with a flat listing, the stock actually listed at a discount of 6.25%. With a prediction error of 6.25%, the GMP correctly indicated negative market sentiment but failed to capture the full extent of the downside, demonstrating partial reliability as a sentiment indicator in this case.
Aten Papers IPO Current GMP is ₹00.
Aten Papers IPO Expected Returns is 0.00%.
Aten Papers IPO estimated listing price is ₹96.