Aten Papers & Foam Limited is launching its IPO through a book-building process, aiming to raise ₹31.68 crores entirely through a fresh issue of 33.00 lakh equity shares. The IPO bidding opened on June 13, 2025, and will close on June 17, 2025. The allotment of shares is expected to be finalized on June 18, 2025, with a tentative listing date set for June 20, 2025, on the BSE SME platform.

The price band for the issue is set at ₹91 to ₹96 per share. Retail investors can apply for a minimum of 1 lot, which consists of 1,200 shares, requiring an investment of ₹1,09,200 at the lower end of the price band. However, to improve allotment chances in case of oversubscription, it is recommended to bid at the cutoff price, raising the investment to ₹1,15,200. For High Net-worth Individuals (HNIs), the minimum application is 2 lots (2,400 shares), amounting to ₹2,30,400 at the upper price band.

Aten Papers & Foam Private Limited, established on January 7, 2019, is engaged in the paper manufacturing and distribution business. The company sources paper from various mills and sells it to a broad customer base. Its growth is largely driven by a committed and experienced management team. Operating in a highly competitive market, Aten faces competition from both large, organized players and smaller, regional competitors.

On the financial front, the company reported a revenue of ₹96.80 crores in FY 2024, up from ₹91.00 crores in FY 2023. Profit After Tax (PAT) also showed strong growth, rising from ₹0.50 crores in 2023 to ₹2.78 crores in 2024. The consistent increase in revenue, profitability, and asset base suggests a positive financial trajectory, indicating that Aten Papers & Foam IPO may offer good potential for long-term investors.

Objects of the Issue (JNK India IPO Objectives)

• Capital expenditure
• Meeting working capital requirements
• General corporate purposes

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