Aten Papers & Foam is a supply chain company specializing in paper products, serving as an intermediary between paper mills and customers in the packaging industry. The company offers a variety of products, including Kraft Paper, Duplex Board in different grades, thicknesses, and standards, as well as Waste Paper and other paper types. Geographically, Aten Papers primarily operates in Gujarat, with 97.90% of its revenue for the six months ending September 30, 2025, coming from this region. The company’s warehouse is situated in Changodar, Ahmedabad, and it plans to utilize IPO proceeds to establish three processing units in Changodar, Sanand, and Narol, Ahmedabad.
The Aten Papers IPO is set to open on March 28, 2025, and close on April 2, 2025, with a price band of ₹91 to ₹96 per share. The allocation includes a 35% retail quota, 50% for QIBs, and 15% for HNIs. The shares are expected to list on the BSE on April 7, 2025, with the allotment scheduled for April 3, 2025. Financially, the company reported revenues of ₹96.80 crores in 2024, up from ₹91.00 crores in 2023, while profits increased to ₹2.78 crores in 2024 compared to ₹0.50 crores in the previous year.
