Aten Papers & Foam share price off to a tepid start, lists at 6% discount on BSE SME
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 share price extended losses post listing, hitting the 5% lower price band of ₹85.50 apiece. From its issue price, Aten Papers & Foam stock was down nearly 11%, disappointing its IPO investors.
