Aten Papers & Foam Ltd. IPO

Our Company was originally incorporated on January 07, 2019, as “Aten Papers & Foam Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Ahmedabad, Gujarat. Subsequently, our Company was converted into a Public Limited Company pursuant ... to members resolution passed at Extra-ordinary General Meeting of our Company held on May 16, 2024 and the name of our Company was changed to “Aten Papers & Foam Limited”. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated July 18, 2024 was issued by the Central Processing Centre, Manesar. We operate as an important intermediary in the Paper Product Supply Chain. As a crucial middleman in the paper product supply chain, we procure paper from different paper mills and resell them to clients in the packaging products industry. Examples of these products include Kraft Paper and Duplex Board. We also purchase Wastepaper from stockiest and sell them to Paper mills which is crucial raw material for such mills. A wide range of grades, thicknesses, widths, and standards are available in our product portfolio for Kraft papers and Duplex boards and other according to customer specifications. We operate from our Registered Office, the details of which are given below under the head “Our Properties”. We also operate Godown located in Ahmedabad City. Godown is located in Changodar, Ahmedabad. The paper products manufactured by our customers have a variety of end use applications and are used mainly in the packaging industry. We sell papers in the domestic markets specially in the state of Gujarat. We attribute our growth to the expertise and dedication of our management team. Their extensive experience of more than two decades, they play a pivotal role in guiding our strategic decisions and daily operations. Our Promoters, Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani, with their deep knowledge, vision, and industry insight, have been instrumental in shaping and executing our growth strategies. Their leadership has allowed us to adapt to evolving market demands and successfully expand our business. With vision of our promoter Mr. Mohamedarif Mohamedibrahim Lakhani and in order to broad base the business activities of the company, our company is planning to setup wastepaper processing unit at three locations in the Ahmedabad City by installing requisite machineries. Our company will utilize part of Issue proceeds to setup wastepaper processing units. Company intends to setup 3 (three) processing Units viz. Proposed Unit I is located in Changodar, Ahmedabad (which is currently used as Godown), Unit II is proposed to be located in Sanand, Ahmedabad and Unit III is proposed to be located in Narol, Ahmedabad. The company will process waste papers which is crucial raw material for various paper mills. Read more

Our Company was originally incorporated on January 07, 2019, as “Aten Papers & Foam Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Ahmedabad, Gujarat. Subsequently, our Company was converted into a Public Limited Company pursuant ... to members resolution passed at Extra-ordinary General Meeting of our Company held on May 16, 2024 and the name of our Company was changed to “Aten Papers & Foam Limited”. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated July 18, 2024 was issued by the Central Processing Centre, Manesar.

GLOBAL OUTLOOK
Globally, 2024 has been an eventful year. The year witnessed unprecedented electoral activity on the political front with more than half of the global population voting in major elections across countries. Meanwhile, adverse developments like the Russia-Ukraine conflict and ... the Israel-Hamas conflict increased regional instability. Cyberattacks also became more frequent and severe, with growing human and financial consequences due to the increasing digitisation of critical infrastructure. Geopolitical tensions, have reshaped global trade. Geopolitical risks and policy uncertainty, especially around trade policies, have also contributed to increased volatility in global financial markets. The global economy grew by 3.3 per cent in 2023. The International Monetary Fund (IMF) has projected growth of 3.2 per cent and 3.3 per cent for 2024 and 2025, respectively. Over the next five years, global growth is expected to average around 3.2 per cent, which is modest by historical standards. (Source: Economic Survey (indiabudget.gov.in)) INTRODUCTION The India Paper and Paperboard Packaging Market size is estimated at USD 13.72 billion in 2025, and is expected to reach USD 18.92 billion by 2030, growing at a CAGR of 6.63% during the forecast period (2025-2030). The Indian paper and packaging industry have witnessed significant transformation driven by changing consumer preferences and technological advancements. With India's overall size of the packaging industry market in India valued at over USD 70 billion in 2023, paper packaging has emerged as a crucial segment gaining prominence across various sectors. The industry's structure is characterized by approximately 600 paper mills, with twelve major players dominating  the market landscape. Despite the growing market, India's per capita paper consumption remains relatively low at 15 kg compared to the global average of 57 kg, indicating substantial growth potential in the domestic market. The paper sector in India is experiencing a shift toward value-added products and specialized solutions. Companies are increasingly investing in research and development to create innovative packaging solutions that address specific industry needs while maintaining environmental sustainability. The industry has seen the introduction of various specialized products, including cup stock, pharma print, and high BF virgin kraft, catering to diverse end-user requirements. This evolution is supported by automated manufacturing processes and quality control systems, enabling producers to meet international standards while maintaining cost-effectiveness and environmental responsibility. The shift towards environmentally sustainable packaging solutions is gaining significant momentum across India's industrial landscape, particularly in the e-commerce sector, which generated USD 103 billion in online retail sales in 2023. This transition is characterized by the increasing adoption of corrugated boxes, which offer superior product protection through their fluted, structured interior while maintaining eco-friendly credentials. The sustainability drive is particularly evident in the Direct-to-Consumer (D2C) segment, which is projected to reach USD 60 billion by 2027, where brands are actively seeking packaging solutions that align with environmental consciousness while ensuring product protection. (Source:https://www.mordorintelligence.com/industry-reports/india-paper-and-paperboard-packaging-market) Read more