Aten Papers & Foam Limited IPO

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Aten Papers & Foam Limited operates as a key intermediary in the paper product supply chain, playing a dual role:

i. Paper Trading :- The company procures various paper products such as Kraft Paper and Duplex Board from paper mills and resells them to customers primarily engaged in the packaging industry. These products come in multiple grades, thicknesses, widths, and standards, with the flexibility to cater to custom specifications as per client needs.

ii. Wastepaper Trading :- Aten also purchases wastepaper from stockists and supplies it to paper mills, where it serves as a crucial raw material. This reverse supply chain positioning not only supports sustainability but also positions Aten as a resource-efficient player in the ecosystem.

Geographical Reach & Infrastructure

The company’s operations are based out of Ahmedabad, Gujarat, with a Registered Office and a Godown located in Changodar, Ahmedabad. Aten’s business operations are currently focused on the domestic market, especially within Gujarat, a strategic hub for the packaging and paper industry.

Conclusion

Aten Papers & Foam Limited is strategically positioned as a vital link in the paper product value chain, with a robust trading model, strong regional presence, and visionary leadership. With plans to forward integrate into wastepaper processing, the company is set to unlock new revenue streams, optimize its role in the circular economy, and strengthen its long-term value proposition in the Indian packaging and paper ecosystem.

Objects of the Aten Papers & Foam Limited IPO:

The Company Aten Papers & Foam IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Capital Expenditure. ii. Incremental Working Capital Requirements. iii. For General Corporate Purpose. iv. Public Issue Expenses.

Aten Papers & Foam Limited IPO Details:

Total Shares: 33,00,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 31.68 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 91 - 96 Per Equity Share
Listing At: BSE SME

Promoters And Management:

Mr. Mohamed Arif Lakhani, 44, is the Founder, Chairman, and Managing Director of the Company. A first-generation entrepreneur, he began his journey in wastepaper trading in 2002 and later founded Ashrafi Paper Traders in 2013 to enter corrugated box manufacturing and Kraft paper trading. In 2016, he joined Majethia Papers Pvt. Ltd. as Director and went on to establish three private limited companies in the Kraft paper segment. He currently leads the Company’s marketing, business development, strategic planning, and execution. Ms. Amrin Lakhani, 44, is the Founder and Non-Executive Director of the Company since July 19, 2024. Known for her dynamism and strong administrative skills, she has been instrumental in shaping the Company’s operations. She also serves as a Director in Aten Packaging Pvt. Ltd. and Aten Retail MV Ltd. Mr. Zuned Lakhani, 42, is the Executive Director of the Company, appointed on May 11, 2024. With over 15 years of experience in the paper industry and a background in secondary education, he currently oversees the Company’s Logistics Department.

Financials of Aten Papers & Foam Limited IPO:

In Cr.
Particulars Sep 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 58 97 91 90
EBITDA 6 5 2 2
EBITDA Margin 9.88% 5.32% 2.06% 2.12%
PAT 3.8 2.8 0.5 0.8
PAT Margin 6.56% 2.87% 0.55% 0.85%
ROE 42.69 49.31 12.59 22.74
ROCE 25.45 23.23 8.7 8.77
CFOA 6.1 1.9 0.5 3.7
D/E Ratio 1.01 2.23 3.78 4.13

Comparison With Peers:

Note :- There are no listed companies in India that are engaged in a business similar to this company

Lead Manager of Aten Papers & Foam Limited IPO:

  1. Swastika Investmart Limited

Registrar of Aten Papers & Foam Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Aten Papers & Foam Limited Block-A, 102/A, F. F, Tirmizi Heights, Opp Bombay Housing Colony, Near Kirtikunj Society, Ahmedabad 380028 Phone: +91-9537861212 Email: cs@atenpapers.com Website: http://www.atenpapers.com/

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