New Delhi, June 20 -- 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 Rs.90 apiece, down 6.25% from their issue price of Rs.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.

The initial public offering (IPO) of Aten Papers & Foam was open for subscription from June 13 to June 17 at a fixed price of Rs.96 per share.

The public offer was an entirely fresh issue sale of 33 lakh shares,...