Aten Papers & Foam IPO Listing: The shares of Aten Papers & Foam, a paper and paper products maker, were off to a slow start on the BSE SME on Friday, June 20. Aten Papers & Foam shares got listed at ₹90 apiece, down 6.25% from their issue price of ₹96 per share.
The listing price of Aten Papers & Foam IPO was below what the grey market was pencilling in. Ahead of its listing, the Aten Papers & Foam IPO GMP was nil, indicating that investors expected the stock to list at par, rather than at a discount.
Aten Papers & Foam IPO details
The initial public offering (IPO) of Aten Papers & Foam was open for subscription from June 13 to June 17 at a fixed price of ₹96 per share.
The public offer was an entirely fresh issue sale of 33 lakh shares, aiming to raise ₹31.68 crore.
Aten Papers & Foam IPO had seen a decent demand, garnering 1.49 times bids. Overall, the IPO garnered bids for 46,70,400 shares as against 31,34,400 shares on offer.
