About Atharva Polyplast IPO
Atharva Poly-Plast IPO Details
Atharva Poly-Plast IPO is a 100% book-built issue of ₹27 crore, entirely a fresh issue of 0.45 crore equity shares, with a face value of ₹10 per share. The company filed its DHRP with SEBI on June 20, 2026.
The price band of the issue is set at ₹55 to ₹60 per share and the lot size for an application is ₹2,000 shares. The minimum amount of investment required by an individual investor is ₹2,40,000 (4,000 shares). The IPO will be open for subscription from June 30 to July 2, 2026, on the BSE SME platform, with a tentative listing date fixed as July 7, 2026. The book-running lead manager of the issue is Horizon Management Pvt. Ltd., while the registrar to the offer is MUFG Intime India Pvt. Ltd.
Atharva Poly-Plast IPO Date & Timeline
The Atharva Poly-Plast IPO is officially set to open for subscription on June 30, 2026 and will close on July 02, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on June 20, 2026 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on July 03, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on July 06, 2026. Finally, shares of Atharva Poly-Plast Ltd. are tentatively scheduled to list on the stock exchanges on July 07, 2026.
Atharva Polyplast IPO Timeline
| IPO Open Date | Tue, Jun 30, 2026 |
| IPO Close Date | Thu, Jul 2, 2026 |
| Basis of Allotment | Fri, Jul 3, 2026 |
| Initiation of Refunds | Mon, Jul 6, 2026 |
| Credit of Shares to Demat | Mon, Jul 6, 2026 |
| Listing Date | Tue, Jul 7, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Atharva Polyplast IPO Details
| Detail | Description |
|---|---|
| IPO Date | 30 Jun to 2 Jul, 2026 |
| Listing Date | 7 Jul, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 55 to ₹ 60 |
| Lot Size | 2,000 |
| IPO Type | Fresh Issue only |
| Total Issue Size | 45,00,000 shares (agg. up to ₹ 27 Cr) |
| Reserved for Market Maker | 2,26,000 shares (agg. up to ₹ 1 Cr) R.K.Stock Holding Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 42,74,000 shares (agg. up to ₹ 26 Cr) |
| Net Offered to Public | 42,74,000 shares (agg. up to ₹ 26 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,23,49,998 shares |
| Share Holding Post Issue | 1,68,49,998 shares |
Atharva Poly-Plast IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Atharva Poly-Plast IPO GMP is currently trading at ₹3.5, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹63.5, which is 5.83% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹60 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹10 and a lot size of 2000 shares.
Atharva Polyplast GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 7 Jul 2026 | ₹60.00 | ₹10 | 7 Jul, 202610:06 AM |
| 6 Jul 2026 | ₹60.00 | ₹10 | 6 Jul, 202610:01 AM |
| 5 Jul 2026 | ₹60.00 | ₹9 | 6 Jul, 202610:01 AM |
| 4 Jul 2026 | ₹60.00 | ₹5.5 | 4 Jul, 202610:00 AM |
| 3 Jul 2026 | ₹60.00 | ₹2.5 | 3 Jul, 202610:01 AM |
| 2 Jul 2026 | ₹60.00 | ₹6 | 2 Jul, 202609:59 AM |
| 1 Jul 2026 | ₹60.00 | ₹6 | 1 Jul, 202610:24 AM |
| 30 Jun 2026 | ₹60.00 | ₹8 | 30 Jun, 202609:53 AM |
| 29 Jun 2026 | ₹60.00 | ₹8 | 29 Jun, 202609:54 AM |
| 28 Jun 2026 | ₹60.00 | ₹8 | 29 Jun, 202609:54 AM |
| 27 Jun 2026 | ₹60.00 | ₹7 | 27 Jun, 202610:31 AM |
| 26 Jun, 2026 | ₹60.00 | ₹9 | 26 Jun, 202610:14 AM |
| 25 Jun, 2026 | ₹60.00 | ₹9 | 26 Jun, 202610:14 AM |
| 24 Jun, 2026 | ₹60.00 | ₹10 | 26 Jun, 202610:14 AM |
| 23 Jun, 2026 | ₹60.00 | ₹10 | 26 Jun, 202610:14 AM |
| 22 Jun, 2026 | ₹60.00 | ₹10 | 26 Jun, 202610:14 AM |
| 21 Jun, 2026 | ₹60.00 | ₹0 | 26 Jun, 202610:14 AM |
| 20 Jun, 2026 | ₹60.00 | ₹0 | 26 Jun, 202610:14 AM |
| 19 Jun, 2026 | ₹60.00 | ₹0 | 26 Jun, 202610:14 AM |
| 18 Jun, 2026 | ₹60.00 | ₹0 | 18 Jun, 202603:18 PM |
Company Background
Atharva Poly-Plast Ltd. was incorporated on January 8, 2014, as a private limited company in Pune, Maharashtra. Then, on April 15, 2025, the company converted into a public limited company to proceed with its public listing procedures. Over the decades, the company has transformed its market position and achieved significant milestones.
The company is mainly engaged in the manufacturing of precision plastic components; it serves both the B2B manufacturing contracts and co-development projects. The manufacturing facilities of the company span across 2,34,614 sq. ft, with over 17 moulding machines, which help in effective manufacturing and customisation as per the requirements.
Operations & Product Range
Atharva Poly-Plast Ltd. operates within the plastic manufacturing sector. Its core operating model is centred around its manufacturing facility located at Satara, Maharashtra. The business focuses on the production of plastic products, catering to various market requirements through its industrial setup. By maintaining a dedicated manufacturing unit, the company manages the end-to-end production process to serve its target customer base effectively.
Facilities & Capacity
The operational strength of Atharva Poly-Plast Ltd. lies in the manufacturing plant set up in the Satara district of Maharashtra. It is at this place that all manufacturing operations take place. It can be stated that the infrastructure of the company has been made in such a manner that it caters to the needs of plastic manufacturing and helps the company in meeting the requirements of its clients.
Brands & Market Presence
The domestic market presence of Atharva Poly-Plast Ltd. is due to its manufacturing strength, with which it has created a place for itself in the plastics business. Its main concern continues to be about keeping up with the quality standards so that it can continue being an effective player in the area. Its operations in the state of Maharashtra make it serve many different clients and its market presence is linked to the usefulness of its product in the industry.
Revenue Streams & Business Model
The primary revenue generation for Atharva Poly-Plast Ltd. comes from its core manufacturing operations. The business model is structured around the conversion of raw materials into finished plastic products, which are then sold to customers. The revenue model is primarily volume-driven, relying on the efficiency of its production facility in Satara to maintain cost-effectiveness and timely delivery to its end-users. The company consistently monitors its segment-wise performance to optimise its product mix and ensure steady financial inflows.
Management & Shareholding
Atharva Poly-Plast Ltd. is promoted by Anujit Shivaji Darade, Shivaji Kisan Darade, Ashish Shivaji Darade and Sadhana Shivaji Darade. These promoters have been instrumental in steering the company since its incorporation. The shareholding structure is designed to keep control aligned with the long-term strategic goals of the promoters. Before the IPO, the promoters held a 99.99% stake and the promoter group held a 0.01% stake in the company, but after the IPO, the promoters' ownership will be diluted as the offering includes a fresh issue of shares only.
Board & Key Management
The leadership of Atharva Poly-Plast Ltd. is led by a team of experts with many years of experience. Anujit Shivaji Darade serves as the Chairman & Managing Director and gives strategic direction to the firm, also daily operations, along with Whole-Time Directors Ashish Shivaji Darade and others as designated. To ensure good governance, the board includes Independent Directors for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Atharva Polyplast IPO Financial Information
Latest Revenue
42.42
₹ Crore
Profit After Tax
4.73
₹ Crore
Net Worth
17.73
₹ Crore
Total Borrowing
10.04
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Jan 2026 | 42.54 | 42.42 | 4.73 | 17.73 | 5.38 | 10.04 |
| 31 Mar 2025 | 30.88 | 47.54 | 5.29 | 13.01 | 6.51 | 6.51 |
| 31 Mar 2024 | 32.66 | 41.49 | 2 | 7.72 | 1.22 | 13.59 |
| 31 Mar 2023 | 32.92 | 45.30 | 0.71 | 5.72 | -0.78 | 16.16 |
| Amount in ₹ Crore | ||||||
Atharva Polyplast Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 30.74 % |
| ROCE | 24.92 % |
| Debt/Equity | 0.57 |
| RoNW | 26.65 % |
| PAT Margin | 11.14 % |
| EBITDA Margin | 19.71 % |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.28 | 3.37 |
| P/E (x) | 14.02 | 17.83 |
Atharva Poly-Plast IPO Objectives
The company intended to utilise the Atharva Poly-plast IPO proceeds for strategic purposes:
- • Purchase of machinery
- • Repayment/Prepayment of debt (in part or in full)
- • Funding the working capital requirements
- • General corporate purposes
Atharva Poly-Plast IPO Review
Atharva Poly-Plast Ltd. enters the capital market as a manufacturer with a established history dating back to 2014. Its positioning within the plastic manufacturing industry in Maharashtra provides it with a localized advantage, though it operates in a sector characterised by competitive pricing and raw material price volatility.
Financially, the company has shown growing and profitable financial statements. For January 31, 2026, the company has reported revenue from operations of ₹42.42 crore and a PAT of ₹4.72 crore, with an EBITDA of ₹8.36 crore. Notably, the top 10 customers of the company have contributed a ₹41.33 crore, which is nearly 97% of the total revenue from operations.
However, investors must be aware of both sides of the company, from profitable statements to potential risks. The company’s strengths lie in its existing manufacturing infrastructure and leadership experience. However, potential risks, such as market competition and operational dependency on a single manufacturing location, are factors that investors must weigh carefully as outlined in the risk factors section of the DRHP.
Overall, the IPO offers investors a chance to participate in the company's growth story. The decision to invest should be based on a thorough examination of the company’s financial health and its stated objectives for the capital being raised.
Conclusion
The Atharva Poly-Plast IPO is an opportunity for investors to invest in a growing company that seeks to expand its footprint in the competitive plastic manufacturing landscape. With a solid operational base in Satara and a leadership team experienced in the industry, the company is positioning itself for its next phase of development. With this listing, the company aims to fund its working capital requirement, purchase of machinery, reduction of debt and to cover its general corporate purposes.
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Competitive Strengths
Established Operational Base: The company benefits from an established manufacturing facility in Satara, providing a stable foundation for production.
Experienced Management: Leadership team with significant experience in the industry, ensuring strategic oversight and operational continuity.
Sector Focus: Dedicated presence in the plastic manufacturing market with a clear focus on core product delivery.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | 2,40,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | 2,40,000 |
| S-HNI (Min) | 3 | 6,000 | 3,60,000 |
| S-HNI (Max) | 8 | 16,000 | 9,60,000 |
| B-HNI (Min) | 9 | 18,000 | 10,80,000 |