Aten Papers & Foam IPO Allotment Finalization Today; Listing Expected on June 21
– Aten Papers & Foam Limited, a small and medium enterprise (SME), is set to finalize the allotment of its Initial Public Offering (IPO) today. The IPO was open from June 13 to June 17 and aimed to raise ₹31.68 crore through a fresh issue of equity shares.
Subscription & Market Response:
The IPO was subscribed 1.49 times overall, reflecting moderate investor interest. The response was decent but not oversubscribed at very high levels.
Price Band & GMP:
The price band was fixed at ₹91 to ₹96 per share. However, as of today, the Grey Market Premium (GMP) is reported to be nil, suggesting a neutral sentiment from the unlisted market.
Listing Expectations:
The stock is expected to be listed on the BSE SME platform on June 21, 2025. Market participants are keeping a close watch, as the GMP does not indicate a strong listing gain.
Company Profile:
Aten Papers & Foam is engaged in manufacturing paper and foam-based packaging products. Its offerings include packing foam, laminated sheets, and other packaging solutions for industrial and commercial clients.
IPO Summary
- IPO Size: ₹31.68 crore
- Type: SME IPO (Fresh Issue Only)
- Price Band: ₹91 – ₹96 per share
- Subscription: 1.49x overall
- Allotment Date: June 18, 2025
- Expected Listing: June 21, 2025
- Platform: BSE SME
Conclusion:
The IPO managed to close with full subscription but lacked grey market enthusiasm. Investors will now look forward to its listing to gauge actual market sentiment and long-term potential.
