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Atharva Polyplast IPO
Price Band
₹55.0–60.0
Issue Size
₹27.0 Cr
Lot Size
2,000 shares
Min Investment
₹240,000
2 LOTS MIN
GMP
+₹10.0 (16.67%)
Issue Price
₹60.0
Atharva Polyplast IPO AI Summary
- Atharva Polyplast IPO is listed on BSE SME in the Plastic Products - Industrial sector.
- Price band: ₹55.0–₹60.0 per share, lot size 2,000 shares (min. investment ₹240,000, 2 lots minimum).
- Subscription window: 23 Jun–02 Jul 2026, listing on 07 Jul 2026.
- Current GMP is +₹10.0 (16.67%), an estimated listing price of ₹70 — unofficial and can change daily.
Atharva Polyplast Limited is set to make its IPO with a price band of ₹55.0 to ₹60.0, aiming to raise ₹27.0 Cr. The company has shown a varied performance in its financials, with a notable decrease in total income in the latest period, though it has demonstrated significant growth in profit in previous years. The IPO has received strong subscription interest, particularly from non-institutional investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
7.54x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
3.58x
|
3.58x |
| NII (HNI) |
18.91x
|
19x ✓ |
| ↳ bNII (>₹10L) |
22.44x
|
22x ✓ |
| ↳ sNII (<₹10L) |
11.91x
|
12x ✓ |
| Retail (RII) |
11.32x
|
11x ✓ |
| Total | 7.54x | 7.54x |
Auto-updated every 5 min · As of 2nd Jul 2026 18:56
Atharva Polyplast IPO Grey Market Premium (GMP) Today
GMP
+₹10.0
GMP %
+16.67%
Est. Listing
₹70.0
Updated: 14 Jul 2026 15:51
GMP Trend (Last 7 Days)
About the Company
Atharva Polyplast Limited is engaged in the manufacturing of precision-engineered plastic components catering to a wide range of industries, including furniture, home appliances, and automotive. The company primarily specializes in injection moulding processes, utilizing materials such as polypropylene (PP), ABS, HDPE, and various engineering-grade polymers to produce high-quality components. The company collaborates with Original Equipment Manufacturers (OEMs) and Tier-1 suppliers across India, providing end-to-end manufacturing solutions. Its capabilities extend beyond component production to include product co-development services such as mould design, prototyping, product engineering, assembly, and quality assurance. It also undertakes value-added assembly operations involving fasteners, hinges, foam components, and other customer-specific requirements. Atharva Polyplast operates a manufacturing facility spread across approximately 2,34,614 square feet, including around 40,000 square feet of dedicated production area. The facility is equipped with more than 17 injection moulding machines ranging from 100 tons to 1,000 tons in capacity, enabling the company to efficiently serve customers across diverse industrial segments. The company places significant emphasis on quality, operational excellence, and sustainable manufacturing practices. Its in-house quality control infrastructure is supported by internationally recognized certifications, including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems, and ISO 45001:2018 for Occupational Health and Safety Management Systems. Key Strengths Long-standing relationships with a diversified and established customer base. Experienced promoters and management team with strong industry expertise. Broad portfolio of precision plastic components catering to multiple sectors. Commitment to sustainable, environmentally responsible manufacturing practices. Well-diversified geographic presence, reducing dependence on a single market or region.
Company Financials (₹ Cr)
As of 2026-01-31
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.54 | 30.88 | 32.66 | 32.92 |
| Total Income | 43.90 | 49.06 | 43.09 | 46.82 |
| Profit After Tax | 4.73 | 5.29 | 2.00 | 0.71 |
| EBITDA | 8.36 | 9.19 | 6.05 | 4.77 |
| NET Worth | 17.73 | 13.01 | 7.72 | 5.72 |
| Reserves and Surplus | 5.38 | 6.51 | 1.22 | -0.78 |
| Total Borrowing | 10.04 | 7.91 | 13.59 | 16.16 |
Key Ratios
EPS
₹4.28
NAV
₹10.53
ROE
51.00%
ROCE
35.31%
RoNW
40.63%
P/B Value
5.70
P/E Ratio
14.02
Market Cap
₹101.10 Cr
PAT Margin
11.12%
Promoters
Anujit Shivaji Darade, Shivaji Kisan Darade, Ashish Shivaji Darade
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure of Company 3.00 2 Repayment and/or pre-payment, in full or part, of borrowing availed by Company 2.50 3 Funding working capital requirements of the Company 13.00 4 General Corporate Purposes 3.92 5 Issue expenses 4.58 Total 27.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹46.82 Cr in the year ending 31 Mar 2023, rising to ₹49.06 Cr by 31 Mar 2025, before decreasing to ₹43.90 Cr by 31 Jan 2026. This decline in the most recent period is notable as it is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.71 Cr in the year ending 31 Mar 2023, increasing to ₹2.00 Cr by 31 Mar 2024, then rising further to ₹5.29 Cr by 31 Mar 2025, before slightly decreasing to ₹4.73 Cr by 31 Jan 2026. Again, this last figure is a 9-month number, making direct comparison with prior full years less straightforward.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that investors anticipate a higher listing price compared to the issue price.
Subscription Demand
As of 2nd July 2026, the IPO has been subscribed 7.54 times overall, with significant interest from various categories. The QIB segment saw a subscription of 3.58 times, while the NII category was subscribed 18.91 times. Retail investors subscribed 11.32 times, indicating strong demand across the board.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with a consistent track record may want to avoid this IPO, as it operates in a competitive sector with inherent business risks.
IPO Timeline, Explained
The IPO opens on 23rd June 2026 and closes on 2nd July 2026. Allotment of shares will be done on 3rd July 2026, and the listing date is set for 7th July 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While a positive GMP may suggest potential gains, various factors such as market conditions and investor sentiment can influence the actual listing price. Investors should be prepared for the possibility of volatility on the listing day.
This evaluation is generated from Atharva Polyplast's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Atharva Polyplast IPO GMP today?
Atharva Polyplast IPO GMP today is +₹10.0 (16.67%), indicating an estimated listing price of ₹70. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Atharva Polyplast IPO?
The price band of Atharva Polyplast IPO is ₹55.0–₹60.0 per share.
When does Atharva Polyplast IPO open and close?
Atharva Polyplast IPO opens on 23 June 2026 and closes on 02 July 2026.
When does Atharva Polyplast IPO list on the stock exchange?
Atharva Polyplast IPO listed on 07 July 2026 at ₹70.0.
What is the lot size for Atharva Polyplast IPO?
The lot size for Atharva Polyplast IPO is 2000 shares, requiring a minimum investment of ₹240,000 (2 lots).
What is the lot size for the Atharva Polyplast IPO?
The lot size for the Atharva Polyplast IPO is 2000 shares.
What is the minimum investment required for this IPO?
The minimum investment required is ₹240,000.
What is the price band for the IPO?
The price band for the IPO is between ₹55.0 and ₹60.0.
When is the listing date for Atharva Polyplast?
The listing date for Atharva Polyplast is on 7th July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Anchor Investors
₹14.0 Cr
Total allocated
Anchor allocation date: 23 Jun 2026
SBI Mutual Fund
HDFC Mutual Fund
Axis Mutual Fund
Nippon India MF
Kotak MF
⚠️ Lock-in: 50% of anchor shares unlock 30 days after listing. Watch for selling pressure around that date.
Lead Managers / Book Running
IPO Timeline
Open
23 Jun 2026
Close
02 Jul 2026
Allotment
03 Jul 2026
Listing
07 Jul 2026
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