Atharva Poly-Plast Limited is entering the capital market with its Initial Public Offering (IPO) through the Book Built Issue process. The company plans to raise funds by issuing fresh equity shares, with the objective of supporting its expansion plans and meeting other business requirements outlined in the Red Herring Prospectus. Upon completion of the issue, the company’s equity shares are proposed to be listed on the BSE SME platform.
The subscription window for the Atharva Polyplast IPO will remain open from 30 June 2026 to 2 July 2026. Investors who meet the eligibility criteria can submit their bids during this period within the notified price band. Once the subscription closes, the registrar will complete the allotment process, credit shares to successful applicants, and facilitate the listing of the company’s shares on the stock exchange as per the announced schedule.
If you are planning to invest in the Atharva Polyplast IPO, it is advisable to review the company’s business operations, manufacturing capabilities, financial performance, industry outlook, utilisation of IPO proceeds, and potential business risks. This guide covers all the essential information related to the Atharva Polyplast IPO, including issue details, subscription timeline, reservation, lot size, company profile, financial performance, objectives of the issue, strengths, risk factors, and frequently asked questions.
Atharva Polyplast IPO Details
Atharva Poly-Plast Limited is offering equity shares through a Book Built SME IPO. The public issue consists entirely of a fresh issue of equity shares, and no existing shareholder is offering shares under an Offer for Sale. The capital raised through the issue will be utilised for the purposes specified in the Red Herring Prospectus. The key details of the IPO are provided below.
| IPO Details | Information |
|---|---|
| IPO Name | Atharva Polyplast IPO |
| IPO Type | Book Built Issue |
| Issue Category | SME IPO |
| Face Value | ₹10 per Equity Share |
| Price Band | ₹55 to ₹60 per Equity Share |
| Issue Price | ₹60 per Equity Share |
| Issue Size | ₹27 Crore |
| Fresh Issue | 45,00,000 Equity Shares (₹27 Crore) |
| Offer for Sale | Nil |
| IPO Opens | 30 June 2026 |
| IPO Closes | 2 July 2026 |
| Basis of Allotment | 3 July 2026 (Expected) |
| Refund Initiation | 6 July 2026 (Expected) |
| Credit of Shares to Demat | 6 July 2026 (Expected) |
| Listing Date | 7 July 2026 (Expected) |
| Listing Exchange | BSE SME |
| Lot Size | 2,000 Equity Shares |
| Minimum Investment | ₹1,20,000 |
| Registrar | MUFG Intime India Private Limited |
| Book Running Lead Manager | Horizon Management Private Limited |
| Market Maker | R.K. Stockholding Private Limited |
| Issue Status | Upcoming |
The Atharva Polyplast IPO is a fresh equity issue designed to strengthen the company’s financial resources for its proposed business plans. Since there is no Offer for Sale component, the proceeds from the issue will be available to the company after deducting the issue-related expenses. Investors should carefully examine the issue structure, investment amount, and other important information before submitting their applications.
Atharva Polyplast IPO Dates & Timeline
The Atharva Polyplast IPO follows the standard timeline prescribed for SME public issues. After the bidding period concludes, the basis of allotment will be finalised, refunds or fund releases will be processed for unsuccessful applicants, successful investors will receive shares in their demat accounts, and the equity shares will subsequently be listed on the BSE SME platform.
| Event | Date |
|---|---|
| IPO Opening Date | 30 June 2026 |
| IPO Closing Date | 2 July 2026 |
| Basis of Allotment | 3 July 2026 (Expected) |
| Initiation of Refunds | 6 July 2026 (Expected) |
| Credit of Shares to Demat | 6 July 2026 (Expected) |
| Listing Date | 7 July 2026 (Expected) |
Applicants should ensure that the application process is completed within the subscription period and that the required funds remain available until the allotment process is completed. Following the allotment, shares will be credited to successful applicants’ demat accounts, while funds blocked for unsuccessful applications will be released in accordance with the applicable process.
Atharva Polyplast IPO Reservation
The Atharva Polyplast IPO has been allocated among different categories of investors in accordance with the applicable regulatory framework governing SME public issues. The category-wise allocation of the issue is shown below.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIBs) | Not More than 50% |
| Non-Institutional Investors (NIIs) | Not Less than 15% |
| Retail Individual Investors | Not Less than 35% |
The allotment of shares will be carried out separately for each investor category based on the subscription received. Investors should apply under the appropriate category and ensure compliance with the applicable investment limits before submitting their bids.
Atharva Polyplast IPO Lot Size
Investors are required to apply for a minimum of one lot in the Atharva Polyplast IPO. Applications can be made in multiples of the prescribed lot size, subject to the investment limits applicable to each investor category. The application details are provided below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹1,20,000 |
| Retail (Maximum) | 1 | 2,000 | ₹1,20,000 |
| HNI (Minimum) | 2 | 4,000 | ₹2,40,000 |
The minimum investment amount for retail investors is based on one lot comprising 2,000 equity shares. Investors applying under the HNI category must bid for at least two lots or more in accordance with the applicable investment criteria. Before applying, investors should verify the investment amount based on the final issue price and ensure they satisfy all eligibility requirements.
About Atharva Poly-Plast Limited
Atharva Poly-Plast Limited is engaged in the manufacturing of plastic products that cater to the requirements of various industries. The company focuses on producing quality-driven products by combining modern manufacturing processes with stringent quality control measures. Over the years, it has built long-term business relationships with customers by supplying products that meet industry specifications and changing market requirements.
The company’s manufacturing facility is equipped with machinery and infrastructure that support efficient production and consistent product quality. By adopting suitable manufacturing techniques and maintaining operational efficiency, Atharva Poly-Plast aims to optimise production while ensuring timely execution of customer orders.
Atharva Poly-Plast serves customers from different industrial segments and continues to strengthen its market presence through product quality, reliable delivery schedules, and customer-focused services. The company regularly evaluates market demand and works towards expanding its product portfolio to address evolving industry needs.
Quality remains an important aspect of the company’s operations. Raw materials are sourced from reliable suppliers, and products undergo various quality checks before dispatch. This approach enables the company to maintain product consistency while complying with applicable quality standards.
Going forward, Atharva Poly-Plast intends to expand its manufacturing capabilities, improve operational efficiency, strengthen customer relationships, and increase its presence across existing as well as new markets. The company also plans to utilise technology and process improvements to support sustainable long-term growth.
Atharva Polyplast IPO Financial Performance
Atharva Poly-Plast Limited has reported steady business growth over the last few financial years, supported by increasing sales and improved operational performance. The company’s financial results indicate growth in revenue along with healthy profitability, reflecting the effectiveness of its business strategy and manufacturing operations. The financial highlights are provided below.
| Financial Year | FY2024 | FY2025 |
|---|---|---|
| Revenue from Operations | ₹90.64 Crore | ₹124.06 Crore |
| EBITDA | ₹8.31 Crore | ₹12.78 Crore |
| EBITDA Margin | 9.17% | 10.30% |
| Profit After Tax (PAT) | ₹4.89 Crore | ₹7.95 Crore |
| PAT Margin | 5.40% | 6.41% |
The company recorded a notable increase in revenue during FY2025 compared to the previous financial year, supported by higher business activity and improved demand for its products. Operating profitability also improved, as reflected in the growth of EBITDA and the expansion of EBITDA margins. In addition, the company reported higher net profit during the year, indicating better overall financial performance. Investors should assess these financial results together with the company’s business model, future expansion plans, industry outlook, and associated risks before making an investment decision.
Objectives of the Atharva Polyplast IPO
Atharva Poly-Plast Limited proposes to utilise the net proceeds from the IPO for business expansion and other purposes mentioned in the Red Herring Prospectus. The company expects these investments to strengthen its manufacturing capabilities, improve operational efficiency, and support its future growth plans.
| Objectives | Details |
|---|---|
| Funding Capital Expenditure | To finance the purchase of additional plant, machinery, and related infrastructure required for business expansion. |
| Working Capital Requirements | To strengthen the company’s working capital position for supporting day-to-day business operations and future growth. |
| General Corporate Purposes | To meet eligible corporate requirements in accordance with the objects of the issue. |
| Issue Expenses | To meet expenses related to the public issue. |
The proposed utilisation of the IPO proceeds is expected to support Atharva Poly-Plast’s expansion strategy while improving its operational capabilities and financial flexibility. The company believes that these investments will help strengthen its market position and create opportunities for sustainable long-term growth.
Atharva Polyplast IPO Strengths
Atharva Poly-Plast Limited has established its presence in the plastic manufacturing industry by focusing on product quality, efficient operations, and customer satisfaction. The company’s growth strategy is supported by its manufacturing capabilities, experienced management team, and emphasis on maintaining long-term customer relationships. Some of the key strengths of the company are outlined below.
- Diversified Product Portfolio: The company manufactures a range of plastic products designed to meet the requirements of different industries. This diversified product offering helps reduce dependence on a single product category while enabling the company to serve a broader customer base.
- Modern Manufacturing Infrastructure: Atharva Poly-Plast operates a manufacturing facility equipped with modern machinery and production systems. The available infrastructure supports efficient manufacturing processes, consistent product quality, and the ability to meet customer delivery schedules.
- Focus on Quality Standards: Quality control forms an integral part of the company’s manufacturing process. Raw materials are sourced from reliable suppliers, and products undergo multiple quality inspections before dispatch to ensure they meet customer specifications.
- Experienced Promoters and Management Team: The company is led by promoters and a management team with industry knowledge and operational experience. Their expertise supports strategic planning, business development, and efficient management of manufacturing operations.
- Established Customer Relationships: Atharva Poly-Plast has developed long-standing relationships with its customers by consistently supplying quality products and maintaining timely deliveries. Repeat business from existing customers contributes to business stability and future growth opportunities.
- Consistent Financial Growth: The company has reported growth in revenue and profitability in recent financial years. Improving financial performance reflects better operational efficiency and supports the company’s expansion plans.
Atharva Polyplast IPO Risk Factors
Like every public issue, the Atharva Polyplast IPO also involves certain business and industry-related risks that investors should evaluate before making an investment decision.
- Dependence on Raw Material Prices: The company’s primary raw materials are petroleum-based products, and fluctuations in their prices may increase production costs. If higher input costs cannot be passed on to customers, profitability may be affected.
- Customer Concentration Risk: A significant portion of the company’s revenue may be generated from a limited number of customers. Any reduction in orders, loss of major customers, or changes in customer demand could adversely affect business performance.
- Competitive Industry: The plastic manufacturing industry is highly competitive, with numerous organised and unorganised players. Increased competition may impact pricing, profit margins, and market share.
- Dependence on Manufacturing Facility: The company’s manufacturing operations are carried out from its existing production facility. Any disruption caused by equipment failure, natural disasters, labour issues, or other unforeseen events may interrupt production and affect revenue.
- Working Capital Requirements: The business requires adequate working capital to procure raw materials, maintain inventory, and support day-to-day operations. Any shortage of working capital or delay in financing may impact business operations and growth.
- Regulatory and Environmental Compliance: The company is required to comply with various environmental, safety, and statutory regulations. Failure to comply with applicable laws or obtain necessary approvals could result in penalties, operational restrictions, or increased compliance costs.
Frequently Asked Questions (FAQs)
What is the Atharva Polyplast IPO?
Atharva Polyplast IPO is a Book Built SME public issue through which Atharva Poly-Plast Limited is raising funds by issuing fresh equity shares. The shares are proposed to be listed on the BSE SME platform.
What are the Atharva Polyplast IPO dates?
The IPO opens for subscription on 30 June 2026 and closes on 2 July 2026.
What is the price band of the Atharva Polyplast IPO?
The price band for the Atharva Polyplast IPO is ₹55 to ₹60 per equity share.
What is the lot size of the Atharva Polyplast IPO?
The minimum application consists of 2,000 equity shares, requiring an investment of ₹1,20,000 at the upper price band.
What is the issue size of the Atharva Polyplast IPO?
The total issue size is ₹27 Crore, comprising a fresh issue of 45,00,000 equity shares.
How will the company utilise the IPO proceeds?
The company intends to use the net proceeds from the IPO for capital expenditure, meeting working capital requirements, general corporate purposes, and issue-related expenses, as specified in the Red Herring Prospectus.
