New Delhi, Jun 20 (KNN) Aten Papers & Foam made its stock market debut with shares trading at Rs 85.50 on the Bombay Stock Exchange, representing a discount of 10.94 per cent from the initial public offering price of Rs 96.
The stock opened for trading at Rs 90, marking a 6.25 per cent decline from the IPO price, and remained frozen at its lower circuit limit of 5 per cent below the listing price throughout the trading session.
During the trading day, the stock recorded a high of Rs 90 and touched a low of Rs 85.50, with approximately 1.26 lakh shares changing hands.
The company’s initial public offering attracted modest investor interest, achieving a subscription rate of 1.46 times during the bidding period that commenced on June 13, 2025, and concluded on June 17, 2025.
The public issue was priced within a band of Rs 91 to Rs 96 per share and consisted entirely of a fresh issue of 3.3 million equity shares.
The company has indicated that proceeds from the offering will be deployed toward meeting working capital requirements, funding capital expenditure, and addressing general corporate purposes.
Aten Papers & Foam operates as a specialized intermediary within the paper product supply chain, functioning primarily as a trading entity that sources paper products from manufacturing mills and distributes them to clients in the packaging industry.
The company’s core product range encompasses Kraft Paper and Duplex Board offerings across various specifications including different grades, thicknesses, widths, and quality standards designed to meet diverse customer requirements.
The business model extends beyond traditional paper trading, as the company also engages in the procurement of wastepaper from stockists, which is subsequently supplied to paper mills where it serves as essential raw material for production processes.
This dual approach positions the company at both ends of the paper recycling and supply ecosystem.
As of March 31, 2025, Aten Papers & Foam maintained a compact operational structure with a total workforce of 14 employees.
The company reported revenue from operations of Rs 138.69 crore for the financial year ended March 31, 2025, while recording a net profit of Rs 7.01 crore during the same period, reflecting a net profit margin of approximately 5.05 per cent.
(KNN Bureau)
