Aten Papers & Foam Ltd IPO

Aten Papers & Foam Limited was originally incorporated on January 07, 2019, as a Private Limited Company as Aten Papers & Foam Private Limited under the provisions of the Companies Act, 2013 with the Registrar of Companies, Ahmedabad, Gujarat. Subsequently, the Company was converted into a Public Limited Company pursuant to members resolution passed at Extra-ordinary General Meeting of the Company held on May 16, 2024 and the name of the 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. The Corporate Identification Number of the Company is U21099GJ2019PLC105921.

After a year marked by global uncertainties and volatilities, the global economy achieved greater stability in 2023. While uncertainty stemming from adverse geopolitical developments remained elevated, global economic growth was surprisingly robust. As per the World Economic Outlook (WEO), April 2024 of the International Monetary Fund (IMF)1, the global economy registered a growth of 3.2 per cent in 2023, though marginally lower than in 2022 and average for 2011-19 but higher compared to the projection of 2.8 per cent as per the April 2023 WEO. The context in which the growth of 3.2 per cent in 2023 has been achieved is markedly different compared to the 2011-19 period. Inflationary pressures have been significantly higher on account of the persistence of core inflation. Global trade moderated due to rising geopolitical tensions, cross-border restrictions and slower growth in advanced economies (AEs). The muted trade growth occurred despite the easing of supply chain pressures. The India Paper and Paperboard Packaging Market size is estimated at USD 12.87 billion in 2024, and is expected to reach USD 17.74 billion by 2029, growing at a CAGR of 6.63% during the forecast period (2024-2029). The paper industry in India produces 5% of the world's total paper. India accounts for about 5% of the global paper market. The market will be worth about USD 8 billion by 2022. India is the 15th largest paper producer in the world. The paper production increased by 67,100 tons in January 2023. During April 2022-January 2023, the paper production increased by 6.7%. The paper packaging industry experienced growth over the last decade, owing to substrate choice changes, new market expansion, ownership dynamics, and government initiatives to ban plastic. Sustainability and environmental issues continue to be emphasized, and various innovations catering to paper and paper board packaging are expected to drive market growth in India.

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.