New Delhi, June 18 -- Aten Papers & Foam IPO allotment: The initial public offering (IPO) of Aten Papers & Foam, which closed for subscription on June 17 with decent demand, is likely to announce the allotment status today.

Aten Papers & Foam IPO allotment date has been fixed as June 18. The Rs.33 crore SME IPO, which opened on June 13, was subscribed 1.49 times at the end of the bidding period.

The qualified institutional buyers' (QIB) portion was booked at the highest rate, at 2.91 times, followed by the retail investors' quota, which was subscribed 217 times. The non-institutional investors (NII) segment received just 66% bids.

Aten Papers & Foam IPO price band was fixed at Rs.91-96 per share, with the issue entirely made up of fres...