IPO details · Updated
Atharva Polyplast Limited
- Price Band
- ₹55 – ₹60
- Lot Size
- 2,000 shares
- Min. Investment
- ₹1,20,000
- Issue Size
- ₹27 Cr
- Offer Dates
- 30 Jun – 2 Jul 2026
- Listing
- 7 Jul 2026
Issue Details
- Total Issue Size
- ₹27 Cr
- 45,00,000 shares
- Fresh Issue
- ₹27 Cr
- 45,00,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 1,23,49,998
- Shares Post-Issue
- 1,68,49,998
IPO Timeline
Offer opens
30 Jun 2026
Offer closes
2 Jul 2026
Allotment
3 Jul 2026
Listing
7 Jul 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.3%12,74,000 shares
- QIB19.0%8,56,000 shares
- HNI14.3%6,44,000 shares
- Retail33.3%15,00,000 shares
- MarketMaker5.0%2,26,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 8,56,000 | 30,64,480 | 3.58x |
| NII | 6,44,000 | 1,22,16,680 | 18.97x |
| Retail | 15,00,000 | 1,69,50,000 | 11.30x |
| Total | 30,00,000 | 3,22,31,160 | 10.74x |
Lot Size & Investment
1 lot = 2,000 shares
Retail (min)
2 lots · 4,000 shares
Retail (max)
2 lots · 4,000 shares
S-HNI (min)
3 lots · 6,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 4,000 | ₹2,40,000 |
| Small HNI (S-HNI) | 3 | 6,000 | ₹3,60,000 |
| Big HNI (B-HNI) | 9 | 18,000 | ₹10,80,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Jan-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 42.54 | 30.88 | 32.66 | 32.92 |
| Total Income | 43.9 | 49.06 | 43.09 | 46.82 |
| Profit After Tax | 4.73 | 5.29 | 2 | 0.71 |
| EBITDA | 8.36 | 9.19 | 6.05 | 4.77 |
| Net Worth | 17.73 | 13.01 | 7.72 | 5.72 |
| Reserves & Surplus | 5.38 | 6.51 | 1.22 | -0.78 |
| Total Borrowing | 10.04 | 7.91 | 13.59 | 16.16 |
Key Performance Indicators
| Period | Jan-26 | Mar-25 |
|---|---|---|
| ROE (%) | 30.74 | 51 |
| ROCE (%) | 24.92 | 35.31 |
| EPS (₹) | — | 4.28 |
| P/E (pre-issue) | — | 14.02 |
| P/E (post-issue) | — | 17.83 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Master Components Ltd | 39.16 | 22.01% |
About Atharva Polyplast Limited
Incorporated in 2014, Atharva Polyplast is a Pune-based manufacturer of precision plastic components, serving key industries like furniture, home appliances, and automotive. its main focus is on injection moulding using materials such as polypropylene (PP), ABS, HDPE, and engineering polymers. The company works with OEMs and Tier-1 suppliers in India, offering both B2B manufacturing and co-development support — from mould design and prototyping to final production and quality checks. It also assemble products using fasteners, hinges, and foam parts as per customer requirements. Its manufacturing facility spans across 2,34,614 sq. ft., with 40,000 sq. ft. of production space in Satara, Maharashtra. It houses over 17 moulding machines (100T to 1000T), helps to serve diverse industries, including furniture, home appliances, automobile, etc. The company also has an in-house quality control team and its quality management system is certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Competitive strengths Strong relationships with established customer bas Experienced Promoters and Management comprehensive range of plastic components product spectrum Sustainable and Responsible Manufacturing Diversified Geographical Region
Objects of the Issue
- Funding Capital Expenditure of Company (₹3.00 Cr)
- Repayment and/or pre-payment, in full or part, of borrowing availed by Company (₹2.50 Cr)
- Funding working capital requirements of the Company (₹13.00 Cr)
- General Corporate Purposes (₹3.92 Cr)
- Issue expenses (₹4.58 Cr)
Promoters
- <p>Anujit Shivaji Darade
- Shivaji Kisan Darade
- Ashish Shivaji Darade</p>
Company Information
- Book running lead managers
- Horizon Management Pvt.Ltd.
- Registered office
- W-163A, S Block MIDC Bhosari, Pune, Maharashtra, 411026
- Market maker
- R.K.Stock Holding Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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