Atharva Polyplast IPO is a book-built SME issue of a total issue size of ₹27.00 crore. The IPO consists solely of a fresh issue of 45,00,000 Equity Shares, without an offer-for-sale (OFS) component.
The Atharva Polyplast IPO bidding opens from 30 June 2026 to 2 July 2026. The share allotment is expected to be completed on 3 July 2026, while the company’s shares are tentatively scheduled to be listed on the BSE SME platform on 7 July 2026.
The Atharva Polyplast IPO is between a price band of ₹55/share and ₹60/share. You can bid for 2,000 shares/lot. At the upper price band, the minimum investment required for retail investors is ₹2,40,000, equivalent to 2 lots (4,000 shares).
HNI investors, with a minimum application size of 3 lots (6,000 shares), require an investment of ₹3,60,000 at the highest price band.
Atharva Polyplast IPO–Key Details
The following table summarises the important information of the Atharva Polyplast IPO:
| IPO Open | 30 June 2026 |
| IPO Close | 2 July 2026 |
| Face value | ₹10.00/share |
| Price Band | ₹55.00/share – ₹60.00/share |
| Issue price | – |
| IPO Lot Size | 2,000 shares |
| Offer-for-sale | – |
| Fresh issue | 45,00,000 Equity Shares (₹27.00 crore) |
| Issue Type | SME/Book-built |
| Listing | BSE SME |
| Total Issue Size (₹ Crore) | ₹27.00 crore (45,00,000 Equity Shares) |
| Minimum Investment (Retail) | ₹2,40,000 (2 lots x upper band) |
Atharva Polyplast IPO–Timeline
Find the complete schedule of the Atharva Polyplast IPO in the table below:
| Bid Open Date | 30 June 2026 |
| Bid Close Date | 2 July 2026 |
| Allotment | 3 July 2026 |
| Refunds Initiated | 6 July 2026 |
| Share Credit Date | 6 July 2026 |
| Listing | 7 July 2026 |
| UPI mandate Cut-off time | 2 July 2026 (05:00 PM) |
Atharva Polyplast Limited–Key Performance Indicators (KPIs)
Below is an overview of Atharva Polyplast’s financial performance and key ratios, reflecting the company’s financial strength and business efficiency:
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 50.99 | 29.77 | 13.23 |
| ROCE (%) | 35.31 | 18.94 | 12.58 |
| Debt-Equity Ratio (in times) | – | – | – |
| RoNW (%) | 40.63 | 25.91 | 12.48 |
| PAT Margin (%) | 11.12 | 4.82 | 1.58 |
| EBITDA Margin (%) | 19.32 | 14.59 | 10.53 |
| Price-Book Value | 5.70 | – | – |
Atharva Polyplast Limited–Financial Information
| 2025 | 2024 | 2023 | |
| Revenue | 4,753.56 | 4,148.72 | 4,530.16 |
| Assets | 3087.75 | 3265.70 | 3292.01 |
| Profit After Tax | 528.54 | 200.11 | 71.38 |
(Amount in ₹ lakhs)
Atharva Polyplast IPO–Subscription Status
The subscription status is currently awaited!
Live subscription data will be updated once bidding begins.
Applications can be submitted between 10:00 AM and 5:00 PM on all subscription days.
Atharva Polyplast IPO–Grey Premium Market (GMP)
The Atharva Polyplast IPO GMP stands at ₹9 as of 26 June 2026, latest updated at 12:35 PM IST.
Based on the upper end of the IPO price band at ₹60/share, the estimated listing price is ₹69/share, indicating a potential listing gain of around 15.00%.
Based on trading activity observed over the past nine grey market sessions, the current trend points to improving investor interest, suggesting the possibility of a positive market debut.
| GMP Date | GMP | Est. Listing Price | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 29-06-2026 | ₹8 ─ | ₹68 (13.33%) | ₹16,000 | 29-Jun-2026 14:59 |
| 28-06-2026 | ₹8 ▲ | ₹68 (13.33%) | ₹16,000 | 28-Jun-2026 23:29 |
| 27-06-2026 | ₹7 ─ | ₹67 (11.67%) | ₹14,000 | 27-Jun-2026 23:35 |
| 26-06-2026 | ₹7 ▼ | ₹67 (11.67%) | ₹14,000 | 26-Jun-2026 23:29 |
| 25-06-2026 | ₹9 ▼ | ₹69 (15.00%) | ₹18,000 | 25-Jun-2026 23:36 |
| 24-06-2026 | ₹10 ─ | ₹70 (16.67%) | ₹20,000 | 24-Jun-2026 23:34 |
| 23-06-2026 | ₹10 ▲ | ₹70 (16.67%) | ₹20,000 | 23-Jun-2026 23:31 |
| 22-06-2026 | ₹10 ▲ | ₹10 (0.00%) | ₹0 | 22-Jun-2026 23:30 |
| 21-06-2026 | ₹0 ─ | ₹ (0.00%) | 21-Jun-2026 5:55 | |
| 20-06-2026 | ₹0 ─ | ₹ (0.00%) | 20-Jun-2026 5:55 | |
| 19-06-2026 | ₹0 ─ | ₹ (0.00%) | 19-Jun-2026 5:55 | |
| 18-06-2026 | ₹0 ─ | ₹ (%) | 18-Jun-2026 12:30 |
Disclaimer: GMP is an unofficial market indicator and should not be considered a guarantee of listing performance.
Atharva Polyplast IPO–Reservation
The table below provides an overview of the Atharva Polyplast IPO share reservation by investor segment:
| Investor Classification | % Allocation | Shares Offered |
| Market makers | 5.02% | 2,26,000 |
| Anchor investors | 28.31% | 12,74,000 |
| QIBs | 19.02% | 8,56,000 |
| NIIs | 14.27% | 6,42,000 |
| Individual Investor | 33% | 15,02,000 |
| Total | 100% | 45,00,000 |
Atharva Polyplast IPO–Lot Size
The Atharva Polyplast IPO share reservation by investor category is detailed in the table below:
| Application | Lot Size | Shares | Amount |
| Retail Minimum Application | 2 | 4,000 | ₹2,40,000 |
| Retail Maximum Application | 2 | 4,000 | ₹2,40,000 |
| S-HNI Minimum Application | 3 | 6,000 | ₹3,60,000 |
| S-HNI Maximum Application | 8 | 16,000 | ₹9,60,000 |
| S-HNI Minimum Application | 9 | 18,000 | ₹10,80,000 |
Atharva Polyplast IPO–Anchor Investors Details
The following table provides a snapshot of the Atharva Polyplast IPO anchor investor segment:
| Bidding opens on | 29 June 2026 |
| Shares offered | 12,74,000 Equity Shares |
Atharva Polyplast IPO–Prospectus
Check out the official documents of the Atharva Polyplast IPO for further information:
About Atharva Polyplast Limited
Incorporation: 08 January 2014
Managing Director: Anujit Shivaji Darade
Atharva Polyplast Limited manufactures precision plastic components for a range of industries, including furniture, home appliances, and automotive.
The company serves business clients through contract manufacturing and collaborative product development, offering end-to-end solutions that cover mould design, prototyping, production, and quality testing.
The company maintains an in-house quality control system and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Its manufacturing facility has also completed an SMETA audit.
| Name | |
| Book Running Lead Manager (BRLM) | Horizon Management Pvt Ltd |
| IPO Registrar | MUFG Intime India Pvt Ltd |
Objectives of Atharva Polyplast Limited
The table below provides an overview of how the IPO proceeds are expected to be utilised:
| Particulars | Amount (in ₹ lakhs) |
| Funds for capital expenditure | Up to 300.00 |
| Payment of borrowing | Up to 300.00 |
| Working capital requirements | Up to 1300.00 |
| Corporate requirements | – |
Atharva Polyplast Limited–Strengths
- Established Customer Relationships: The company has built long-term relationships with customers across multiple industries, supporting steady demand, consistent business operations, and sustained growth.
- Experienced Leadership Team: The company is led by experienced promoters and management with strong industry knowledge, who support efficient operations, product development, and strategic decision-making.
- Diversified Product Portfolio: The company offers precision plastic components for furniture, home appliances, automotive, and other sectors, which reduces dependence on any single industry or customer.
- Sustainable Manufacturing Practices: The company follows environmentally responsible manufacturing practices, supported by a GREENCO Gold Rating and internationally recognised environmental management standards.
Atharva Polyplast Limited–Risks
- High Customer Dependence: The company derives a significant share of revenue from a limited number of customers, which increases its dependence on retaining these key relationships.
- Regional Revenue Concentration: Most of the company’s revenue is generated from Maharashtra, which makes the business vulnerable to region-specific economic or regulatory changes.
- Single Manufacturing Facility: The company’s manufacturing operations are concentrated at one facility in Maharashtra, creating operational risk if production is disrupted for any reason.
- Growing Working Capital Needs: The company expects a substantial increase in working capital requirements, which could place additional pressure on liquidity and cash flow management.
Atharva Polyplast IPO–Review
Atharva Polyplast operates in a niche manufacturing segment with an established customer base, improving financial performance, and recognised quality standards. Its diversified product portfolio and experienced management add strength to its long-term business prospects.
At the same time, investors should also consider the company’s dependence on a limited number of customers, concentration of operations in a single location, and rising working capital requirements. The current grey market trend reflects favourable sentiment, but GMP should not be treated as an indicator of actual listing performance.
Investors should carefully evaluate the IPO details, the company fundamentals, and the offer document before making an investment decision.
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Atharva Polyplast IPO FAQs
The Atharva Polyplast IPO is a book-built SME public issue worth ₹27.00 crore. It consists entirely of a fresh issue of 45.00 lakh equity shares and is proposed to be listed on the BSE SME platform.
You can apply for the Atharva Polyplast IPO through your bank’s ASBA facility or a registered stockbroker using the UPI process. You should ensure that the application is submitted within the subscription period and the UPI mandate is approved before the cut-off time.
Atharva Polyplast has reported improving profitability, serves multiple industries, and benefits from experienced management. However, investors should also consider customer concentration, a single manufacturing facility, and rising working capital requirements before making an investment decision.
Based on the latest grey market premium (GMP), the Atharva Polyplast IPO indicates an estimated listing gain of around 15.00%. However, GMP is an unofficial market indicator and should not be considered a guarantee of actual listing performance.
The Atharva Polyplast IPO will open for subscription on 30 June 2026 and close on 2 July 2026. You can submit applications between 10:00 AM and 5:00 PM during the subscription period.
The Atharva Polyplast IPO lot size is 2,000 shares. Retail investors must apply for a minimum of 2 lots (4,000 shares), while HNI investors are required to apply for at least 3 lots (6,000 shares).
The Atharva Polyplast IPO allotment is expected to be finalised on 3 July 2026. The successful applicants are likely to receive shares in their demat accounts on 6 July 2026, ahead of the proposed listing.
The Atharva Polyplast IPO is tentatively scheduled to list on the BSE SME platform on 7 July 2026, subject to the completion of the allotment process and other regulatory formalities.
