โ Back to IPOs
Atharva Polyplast
๐
Founded: N/A
๐ Pune, Maharashtra
๐ฅ N/A employees
๐ atharvapolyplast.in
๐ Face Value: โน10
๐ฆ Market Cap: โน101 Cr
Price Band
โน55 โ โน60
Issue Size
โน27 Cr
Lot Size
2000 shares
Min. Investment
โน1,20,000
GMP
+โน9 (+15%)
Est. Return
+15%
Listing Date
07 Jul 2026
Registrar
MUFG Intime India
IPO Signal Analysis
๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
High Interest
GMP: +15% above issue price
โญ Overall Signal
High Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
10.74x subscribed
Issue Details
Fresh Issueโน27 Cr
Offer for Sale (OFS)โ
Total Issue Sizeโน27 Cr
Face Valueโน10
Market Cap (at issue)โน101 Cr
Listing ExchangeBSE SME
๐
Open Date30 Jun 2026
๐ Close Date02 Jul 2026
โ๏ธ Cut-off Price Date02 Jul 2026
๐๏ธ Allotment Date03 Jul 2026
๐ธ Refund Initiation04 Jul 2026
๐ Demat Credit04 Jul 2026
๐ Listing Date07 Jul 2026
Objects of the Issue
- ๐ฐ Capital expenditure โ โน3.00 Cr
- ๐ฐ Repayment of borrowings โ โน3.00 Cr
- ๐ฐ Working capital requirements โ โน13.00 Cr
- ๐ฐ General Corporate Purposes
About the Company
Atharva Polyplast manufactures precision plastic components for furniture, home appliances, and automotive industries using injection moulding (PP, ABS, HDPE, engineering polymers). The company works with OEMs and Tier-1 suppliers, offering co-development support from mould design and prototyping to final production. Its manufacturing facility in Bhosari MIDC, Pune spans 2,34,614 sq. ft. with 40,000 sq. ft. of production space and 17+ moulding machines (100T to 1000T). ISO 9001:2015, 14001:2015 and 45001:2018 certified.
Strengths
- โ High PAT margins of ~11% and strong EBITDA margin of ~20%
- โ Diversified customer base across furniture, home appliances and automotive OEMs
- โ Near-debt-free with Debt/Equity of 0.57
- โ ISO-certified manufacturing with 17+ injection moulding machines
Risk Factors
- โ ๏ธ Revenue of โน49 Cr in FY25 is small scale for a manufacturing company
- โ ๏ธ Dependent on key OEM clients โ customer concentration risk
- โ ๏ธ Raw material price volatility (polypropylene, ABS, HDPE)
- โ ๏ธ Highly competitive precision plastics market
Subscription Status
10.74x Overall
QIB: 3.6x
NII: 19.0x
RII: 11.3x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | โ | โ | โ | 0.00x |
| Day 2 | โ | โ | โ | 0.00x |
| Day 3 | โ | โ | โ | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
100%
Pre-IPO
โ -26.7%
73.29%
Post-IPO
IPO Timeline
โ
Open Date
30 Jun 2026
โ
Close Date
02 Jul 2026
โ
Allotment Date
03 Jul 2026
โ
Listing Date
07 Jul 2026
Key Financials
Revenueโน49 Cr
PATโน5.3 Cr
EPSโน4.28
P/E Ratio14.0x
ROE30.7%
Market Capโน101 Cr
Company Financials (Restated Consolidated)
| Period Ended | 10M FY26 | FY25 |
|---|---|---|
| Assets | 42.54 | 30.88 |
| Total Income | 43.90 | 49.06 |
| Profit After Tax | 4.73 | 5.29 |
| EBITDA | 8.36 | 9.19 |
| Net Worth | 17.73 | 13.01 |
| Reserves & Surplus | 5.38 | 6.51 |
| Total Borrowing | 10.04 | 7.91 |
Amount in โน Crore
Key Performance Indicators (KPI)
| KPI | 10M FY26 | FY25 |
|---|---|---|
| ROE (%) | 26.68 | 40.66 |
| EBITDA Margin (%) | 19.04 | 18.73 |
| Debt / Equity | 0.57 | 0.61 |
| Net Worth (Rs. Cr) | 17.73 | 13.01 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | โน4.28 | โ |
| P/E (x) | 14.0x | โ |
| ROE (%) | 30.7% | โ |
| Promoter Holding | 100% | 73.29% |
| Market Cap | โน101 Cr | |
IPO Registrar
IPO FAQs
Atharva Polyplast IPO is a SME IPO with an issue size of โน27 Cr at a price band of โน55 โ โน60. Minimum lot size is 2000 shares (minimum investment ~โน1,20,000). Opens on 30 Jun 2026 and closes on 02 Jul 2026. Proposed listing on BSE SME. Registrar: MUFG Intime India.