Atharva Polyplast Summary
Formed in the year 2015, Atharva Poly-Plast is a company specializing in manufacturing plastic components for various industrial segments like furniture, home appliances, and automotive assemblies. The major focus of the company's operations is injection moulded components made out of materials like polypropylene (PP), ABS, HDPE, and others. Atharva Poly-Plast is currently working at a high-tech manufacturing facility occupying 2,34,614 sq. ft. in total, including 40,000 sq. ft. of production area with 17 injection moulding machines of 100T to 1000T capacity.
Atharva Poly-Plast offers comprehensive manufacturing services encompassing design, prototyping, production, and quality control of components for various applications to customers including OEMs and Tier-1 suppliers from India. The company's extensive range of components includes products like chair back frames, star bases, armrests, seat covers, headrests, refrigerator trays, air ducts, motorcycle headlamp covers, among others. In addition, the company can perform assembly operations of products using fasteners, hinges, and foam components as required by the customer. It also has ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certificates.
In the last three fiscal years, the company received 51%, 36%, 9%, and 4% of its revenues from home appliances, furniture, automobile parts, and others, respectively.
Atharva Polyplast IPO is a BSE SME book-built issue of 45,00,000 equity shares of face value ₹10 aggregating up to ₹27 Cr, priced at ₹55–₹60 per share, opening June 30, 2026 and closing July 2, 2026, with a tentative listing date of July 7, 2026 on BSE SME.
Atharva Polyplast IPO Details:
Atharva Polyplast Limited Issue Management:
Horizon Management Pvt. Ltd. acts as the book-running lead manager for Atharva Polyplast BSE SME IPO, managing underwriting and compliance.
Atharva Polyplast Limited IPO RTA (Registrar) Details:
MUFG Intime India Pvt.Ltd. handles allotment, refunds, and demat credits - contact at +91-22-4918 6270 or atharvapolyplast.smeipo@in.mpms.mufg.com.
Atharva Polyplast Limited IPO Allotment Status:
To check your IPO allotment status:
Visit the MUFG Intime India Pvt.Ltd. IPO Application Status page.
Select the company name from the dropdown menu.
Select and enter PAN, Application Number, DP/Client ID, or Account Number/IFSC.
Click Submit to view your allotment status.
Atharva Polyplast IPO comprises a total issue size of 45,00,000 shares. The net offer to the public is 42,74,000 shares, after excluding 2,26,000 shares allotted on a firm basis to the market maker.
Atharva Polyplast Limited IPO proceeds from the fresh issue will be deployed towards:
Atharva Polyplast IPO of the net offer, 21,30,000 shares (49.84%) are allocated to QIB, 6,42,000 shares (15.02%) to NII, and 15,02,000 shares (35.14%) to RII. Minimum retail application is 2 lots (4,000 shares) at ₹2,40,000.
The anchor bidding for Atharva Polyplast Limited BSE SME IPO is scheduled for June 27, 2026, one working day before the issue opens on June 30, 2026. The anchor investor portion is 12,74,000 shares, not included in the net offer calculations. Anchor investors will be allotted shares from the QIB portion as per standard SME IPO structure.
Lock-in: The anchor allotment follows standard SME IPO norms, where 50% of the anchor shares are locked in for 30 days and the remaining 50% for 90 days from the listing date. The issue is scheduled to list on July 7, 2026 on BSE SME.
The anchor allocation details and investor list will be disclosed in the anchor book before the IPO opening. Horizon Management Pvt. Ltd. is the Book Running Lead Manager (BRLM) to the issue, and the registrar is MUFG Intime India Pvt. Ltd.
Revenue was ₹49.06 crores during FY25 compared to ₹43.09 crores in FY24, while Profit after Tax (PAT) increased from ₹2.00 crores in FY24 to ₹5.29 crores in FY25 – showing an impressive 165% PAT growth year-on-year.
Action Links:
To apply for Atharva Polyplast Limited IPO, open a demat account here
Atharva Polyplast Limited IPO Subscription Status: Check live subscription here
Atharva Polyplast Limited IPO GMP Update: Check latest grey market premium here
Atharva Polyplast Key Highlights:
Atharva Poly-Plast Ltd is a Pune-based precision plastic parts maker, and it specializes in providing injection molded parts for the furniture industry, home appliance industry, and automotive industry. This company serves OEM and Tier-1 customers in India with B2B manufacturing and co-developing services like mold designing, prototypes, production, assembling, and inspection, with more than 17 injection molding machines from 100T to 1000T.
Atharva Polyplast Risk Factors:
The risks of Atharva Polyplast Limited IPO are mentioned below:
Customer and Sector Dependency: The revenues generated by the company are heavily skewed, with 51% being generated from its home appliances division and 36% from the furniture segment, thereby exposing the company to any downturns in these two segments.
Fluctuations in Raw Material Costs: The company’s dependence on PP, ABS, HDPE, and engineering polymers, which are sensitive to the price movements in crude oil and petrochemical cycles, will affect its profitability to some degree.
Small Employee Base Risk: As of May 6, 2026, the company has an employee strength of merely 41 employees, hence, is reliant on its management.
Risk Associated With Being A BSE SME Stock: Due to being an SME stock on the BSE, the volume of transactions will be low after its listing.
Revenue Growth Risk: Revenue growth is not impressive — the revenue for the year ending FY25 is ₹49.06 Cr compared to FY24’s revenue of ₹43.09 Cr.
Execution Risks With Capex Investment: Capex investment through the money raised through the IPO carries risk of execution and return generation.
Atharva Polyplast Expert Analysis:
Atharva Polyplast's BSE SME book-built IPO is priced at ₹55–₹60 per share (face value ₹10), with a total issue size of ₹27 Cr comprising 45,00,000 fresh issue equity shares with no OFS component. The post-issue P/E of 17.83x makes the IPO fairly valued rather than deeply undervalued. Zomato
Basic details of the IPO:
Type of IPO: Book-built SME IPO (BSE SME)
Uses of funds: Capital expenditure for machinery, working capital requirements, and general corporate purposes
Anchor bidding: June 27, 2026 | Opens: June 30, 2026 | Closes: July 2, 2026 | Allotment: July 3, 2026 | Listing: July 7, 2026 (BSE SME)
Lead Manager: Horizon Management Pvt. Ltd. | Registrar: MUFG Intime India Pvt. Ltd. | Market Maker: R.K. Stock Holding Pvt. Ltd.
Expert View on the IPO:
The Atharva Polyplast company specializes in the manufacturing of precision plastic components with the use of injection moulding process, and it caters to the needs of furniture, household appliances, automobile and other industrial sectors. The company’s PAT growth is high at 165%, while ISO certification and GMP value of ₹10 suggest a listing return of 16.7%. Thus, fundamentals look promising. But the problem is that revenue growth is moderate, and the post-issue P/E is also high at 17.83x. Thus, the valuation is fair but not under-valued.
Should you invest in Atharva Polyplast?
Atharva Polyplast could be an ideal investment opportunity for high risk investors interested in small manufacturing companies. Final decision should be made considering GMP, subscription and market sentiments.
Consider investing when:
Looking for exposure to a plastic components manufacturing company which has been ISO certified, diversified product range and high PAT growth rate of 165% in FY25.
Okay with low liquidity of BSE SME stock and sectoral concentration risk associated with furniture, household appliances and automotive components.
Do not invest when:
Averse to risks associated with slow revenue growth rate and sectoral concentration (87% revenues from household appliances and furniture segment).
Favoring companies with larger revenues, low P/E and diversification into different geographical segments and industries.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Atharva Polyplast Limited IPO, open a demat account here
Atharva Polyplast Limited IPO Subscription Status: Check live subscription here
Atharva Polyplast Limited IPO GMP Update: Check latest grey market premium here
1. What is the Atharva Polyplast Limited IPO open and close date?
Atharva Polyplast SME IPO opens on June 30, 2026 and closes on July 2, 2026. The tentative listing date on BSE SME is July 7, 2026.
Track Atharva Polyplast Limited IPO subscription status live here from Finnpick.
2. What is the Atharva Polyplast Limited IPO price band and lot size?
The IPO is a book-built SME issue with a price band of ₹55–₹60 per share (face value ₹10). The lot size is 2,000 shares and the minimum retail application is 2 lots (4,000 shares) at ₹2,40,000.
3. What is Atharva Polyplast Limited IPO total size?
Atharva Polyplast IPO is a BSE SME IPO of 45,00,000 equity shares aggregating up to ₹27 Cr. The net offer to the public is 42,74,000 shares after excluding 2,26,000 market maker shares, with no OFS component.
4. How to apply for the Atharva Polyplast Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by July 02, 4 PM. Monitor Atharva Polyplast Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Atharva Polyplast Limited IPO Allotment Status?
The allotment date is on July 03rd and can be checked on MUFG Intime India Pvt. Ltd. portal using your PAN, Application Number, or DP/Client ID.
6. What is Atharva Polyplast Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹7 as of June 28, indicating listing at the price range of ₹67 - check daily updates of Atharva Polyplast Limited IPO GMP trends here and live subscription status here from June 30th opening only on Finnpick.
7. What does Atharva Polyplast Limited specialize in?
Atharva Poly-Plast is a precision plastic component manufacturer specialising in injection-moulded components made from polypropylene (PP), ABS, HDPE, and other engineering polymers, serving OEMs and Tier-1 suppliers in furniture, home appliances, and automotive sectors.
8. When is the Atharva Polyplast Limited IPO listing date?
Atharva Polyplast IPO is scheduled to list on BSE SME on July 7, 2026, subject to final confirmation from the exchange. Allotment is on July 3, with refunds and demat credits on July 6, 2026.
9. What are the Atharva Polyplast Limited IPO proceeds utilization details?
The IPO proceeds of ₹27 Cr will be utilised towards capital expenditure for machinery and equipment, working capital requirements, and general corporate purposes. Exact allocation per objective to be confirmed from the final RHP.
10. Who are the promoters of Atharva Polyplast Limited?
The promoters of Atharva Poly-Plast are Anujit Shivaji Darade, Shivaji Kisan Darade, Ashish Shivaji Darade, and Sadhana Shivaji Darade.
11. Should I apply for the Atharva Polyplast IPO?
Atharva Polyplast may suit high-risk investors looking for exposure to small manufacturing businesses, with final decision depending on GMP, subscription strength and market sentiment. With a GMP of ₹7 and 165% PAT growth in FY25, there is near-term listing gain potential. However, modest revenue growth and SME liquidity constraints should be weighed carefully. This is for informational purposes only and not investment advice — read the RHP and consult a SEBI-registered advisor before investing.
