Aten Papers & Foam iPo Itemizing: Atan Papers and Foam shares, which labored as an intermediate between paper mills and packaging business, light on BSE SME immediately after which it broke and got here to the decrease circuit. Its IPO didn’t get particular response from buyers and the reserved half for each class couldn’t be totally stuffed. Shares have been issued at a value of ₹ 96.00 below IPO. Right now, it has entered ₹ 90.00 on BSE SME, that’s, IPO buyers didn’t get any itemizing positive factors however their 6.25% capital decreased. After the itemizing, IPO buyers had been additional shocked when the shares broke. It broke down on the decrease circuit of ₹ 85.50 (Aten Papers Share Value) i.e. IPO buyers at the moment are 10.94% loss. This IPO had obtained blended response from buyers and couldn’t even fulfill the reserved half for each class. Total, this concern was subscribed at 1.49 instances. It had a share reserved for certified institutional patrons (QIB), 2.91 instances, non-institutional buyers (NII) share 0.66 instances and a share of retail buyers was 2.17 instances. Below this IPO, 33 lakh new shares with face worth of ₹ 10 have been issued. Out of those shares, ₹ 4.27 crore capital expandem, ₹ 15.50 crore working capital wants and remainder of the cash will likely be spent on widespread company aims. The information associated to the involved paper and foam is provided to the packing business by taking paper from many mills. It gives craft paper, duplex boards and so on. It additionally sells the paper mill as a uncooked materials to the westpaper. Speaking in regards to the monetary well being of the corporate, in FY 2022 it had a internet revenue of ₹ 76 lakh, which fell to ₹ 50 lakh within the subsequent monetary yr 2023. Then the scenario improved and within the monetary yr 2024, the earnings jumped quickly to ₹ 2.78 crore and in FY 2025 to ₹ 7.01 crore. Nonetheless, throughout this era the corporate’s income elevated constantly and elevated from the compound charge (CAGR) to ₹ 138.70 crore yearly. Data is being given just for data. It’s needed to say right here that the funding market out there is topic to dangers. All the time seek the advice of consultants earlier than investing cash as an investor. There may be by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.
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