Aten Papers & Foam IPO Subscription
Aten Papers & Foam iPo was subscribed 0.29 times bids at the end of the first day. The IPO received bids for 9.16 Lakh Shares Against 31.34 Lakh Shares on offer. The retail investor segment was favored 0.10 times, while the non-institutional investors (NII) Category was subscribed 0.41 times. Meanwhile, The Qualified Institutional Buyers Category was subscribed 1.02 percent.
Aten Papers & Foam Gmp Today
The company’s shares in the green market traded at 0. This indicates an estimated listing price of 96, Same IPO Price of 96.
One must note that green market Premium is only an indicator of how the company’s shares are performing in the unlisted market and can change Quickly.
About the IPO
Aten Papers & Foam iPo was entrely a fresh issue of 33 lakh shares with no offer for sale component. Retail Investors Could Apply With a Minimum Lot Size of 1,200 Shares, requires a minimum investment of 1.09 lakh.
The proceeds from the IPO will be allocated as follows: 4.27 Crore will be used to meet capital experture requirements, 15.5 Crore will Go Towards Funding Incremental Working Capital Needs, and the Remining Amount will be set aside for general corporate purposes and public issues and related experts.
The allotment status for aten papers iPo is expected to be finalized on June 18. Receive allotment will be processed the same day.
Shares of Aten Papers are set to debut on bse sme on June 20.
Of the total net offer, 47.5 percent has ben earmarked ear for retail and non-institutional investors, while the remain 5 percent is allocated to qualified institutions.
Swastika Investmart Ltd is acting as the book-Running Lead Manager for the Aten Papers & Foam iPo, Who Skyline Financial Services PRIVATE LTD Has Been Appointed as the registrar for the registration. Sunflower Broking Private Limited is Serving as the Market Maker for the IPO.
“APFL is engaged in the trading in the paper product support chain. It provides products suitable for packaging industry and thus follows b2b mode of operations. It posted steady in in the bottom. Based on its Recent Financial Performance, The Issue appears aggressively priced. Forward.
About the company
Incorporated in 2019, Aten Papers & Foam Plays a Key Role in the Paper Product Supply Chain. The company process paper from various mills and supplies it to clients in the packaging industry. Its product portfolio including duplex boards, kraft paper, and other paper variants available in different sizes, grades, and thicknesses.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Taking Any Investments Decisions.
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