Atharva Polyplast was incorporated on January 08, 2014. The company manufactures precision plastic components for industries such as furniture, home appliances, and automotive. It specializes in injection-moulded products and provides end-to-end solutions, including mould design, prototyping, production, and quality assurance for both manufacturing and co-development projects
| Bidding Dates |
|---|
| 30 Jun 2026 - 02 Jul 2026 |
| Subscription |
|---|
| 10.06x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,20,000 | 2 | 2 | 2000 | 4.5 M | ₹55 - ₹60 | 73.29 % | ₹247.5 M - ₹270.0 M | RHP DOC |
Atharva PolyPlast IPO SUBSCRIPTION STATUS
02 Jul '26Atharva PolyPlast IPO overall subscription rate was 10.06 times the total available shares
Atharva PolyPlast IPO retail subscription rate was 15.04 times in the retail segment
Atharva PolyPlast IPO non-institutional investor subscription rate was 25.63 times in the non-institutional investor category
Atharva PolyPlast IPO Qualified Institutional Bidder subscription rate was 1.9 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
02 Jul 2026 (Day 3) | 15.04x | 25.63x | 1.9x |
01 Jul 2026 (Day 2) | 3.78x | 4.05x | 0.62x |
30 Jun 2026 (Day 1) | 2.51x | 3.4x | 0.1x |
Atharva PolyPlast FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 10MFY26 | 42.4 | 4.7 | 0.4 | -3.3 | 19.7% |
| FY25 | 47.5 | 5.3 | 7.0 | 6.9 | 19.3% |
| FY24 | 41.5 | 2.0 | 3.0 | 2.4 | 14.6% |
| FY23 | 45.3 | 0.7 | 7.8 | 4.8 | 10.5% |
Atharva PolyPlast IPO SUBSCRIPTION STATUS DETAILS
Atharva PolyPlast had 4.5 M shares on offer
Atharva PolyPlast IPO offer price was in the range ₹55 - ₹60
Atharva PolyPlast IPO minimum Investment was ₹220000
Atharva PolyPlast IPO issue size was ₹ 247.5 M - ₹ 270.0 M
Atharva PolyPlast had a minimum lot size of 2000 Shares per application
Atharva PolyPlast NUMBER OF SHARES ON OFFER
Atharva PolyPlast IPO IMPORTANT DATES
| Issue Open Date | 30 Jun 2026 |
| Issue close Date | 02 Jul 2026 |
| Allotment Date | 03 Jul 2026 |
| Refund Date | 06 Jul 2026 |
| Demat Account Credit Date | 06 Jul 2026 |
| Listing Date | 07 Jul 2026 |
| Listing on Exchange(s) | BSE |
| Atharva PolyPlast Allotment Status | Exchange/ Registrar |
Atharva PolyPlast IPO subscription opened on 30 Jun 2026, and closed on 02 Jul 2026
IPO allotment for Atharva PolyPlast was finalized on Friday, 03 Jul 2026
IPO listing for Atharva PolyPlast was on BSE on Tuesday, 07 Jul 2026
Atharva PolyPlast IPO LISTING GAINS
| Issue Price (adjusted) | 60.0 |
| Listing Open Price | 69.0 |
| Listing Close Price | 72.5 |
| Listing Gain% | 15.0% |
| Current Gain% | 29.2% |
Atharva PolyPlast Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Atharva Poly-Plast Ltd. | 77.5 | 130.7 | 20.2 | 0.9 | 2.3 | 33 | 14.8 | 55.9 | 14 | 6.5 | 22.4 | 3.8 | 22.4 |
| Supreme Industries Ltd. | 3442 | 43722.7 | 42.4 | 2.6 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1444 | 38793.1 | 72.3 | 29.6 | 5.9 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3162.3 | 14531.6 | 82.2 | 1.6 | 14.2 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Finolex Industries Ltd. | 164.4 | 10202.5 | 16.6 | 0.3 | 2.6 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
| Time Technoplast Ltd. | 204.9 | 10113.6 | 20.6 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
Atharva PolyPlast INFORMATION ON IPO ISSUE
About Atharva PolyPlast
Atharva Polyplast was incorporated on January 08, 2014. The company manufactures precision plastic components for industries such as furniture, home appliances, and automotive. It specializes in injection-moulded products and provides end-to-end solutions, including mould design, prototyping, production, and quality assurance for both manufacturing and co-development projects
Object of the Issue
- Funding capital expenditure towards purchase of machinery
- Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the company
- Funding working capital requirements of the company
- General corporate purposes
Atharva PolyPlast - PROMOTERS
| Name |
|---|
| Anujit Shivaji Darade |
| Shivaji Kisan Darade |
| Ashish Shivaji Darade |
Atharva PolyPlast - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Anujit Shivaji Darade | Managing Director |
| Shivaji Kisan Darade | Executive Director |
| Ashish Shivaji Darade | Executive Director |
| Sadhana Shivaji Darade | Additional Non- Executive Director |
| Amruta Nishant Patil | Non-Executive, Independent Director |
| Prity Bishwakarma | Independent Director |
Atharva PolyPlast Book Running Lead Manager
Horizon Management Private Limited
smeipo@horizon.net.com
Atharva PolyPlast Registrar to the Offer
MUFG Intime India Private Limited
atharvapolyplast.smeipo@in.mpms.mufg.com
Atharva PolyPlast Strengths
Diverse product portfolio
The company offers a diverse portfolio of plastic components serving multiple industries, including furniture, home appliances, and automobiles. This diversified product mix reduces dependence on any single sector or customer, enhancing business resilience and supporting stable revenue growth
Sustainable & responsible manufacturing
The company places strong emphasis on sustainability, supported by its GREENCO Gold Rating and compliance with ISO 14001:2015 environmental standards. Its operations are guided by the 5R principles—Reduce, Reuse, Recycle, Renew, and Respect—to promote resource efficiency and responsible environmental practices
Diversified geographical region
The company has established operations across key markets in Karnataka, Maharashtra, Gujarat, and the United States, enabling efficient supply chain management and access to diverse customer bases. This geographic diversification reduces operational risks, strengthens market reach, and enhances the company’s ability to respond to evolving industry demands
Atharva PolyPlast Risks
Quality control risks
The company’s business depends on maintaining stringent quality standards and meeting customer and regulatory requirements. Any failure in product quality, manufacturing processes, or compliance standards could lead to product recalls, order cancellations, reputational damage, and adverse effects on its financial performance
Utility supply & cost risk
The company’s manufacturing operations require significant power, water, and fuel resources, making it vulnerable to utility cost increases and supply disruptions. Any interruption or shortage of these essential inputs could increase production costs, disrupt operations, and adversely affect profitability and financial performance
Counterparty credit risk
The company is exposed to counterparty credit risk, and any delay or failure by customers to make payments could adversely affect its cash flows and financial condition. Economic downturns, customer financial difficulties, or challenges in fulfilling contractual obligations may increase receivables and impact profitability
IPO FAQs
The promoters of the company are Anujit Shivaji Darade, Shivaji Kisan Darade and Ashish Shivaji Darade.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 55.0 - 60.0.
The IPO application opens on Jun 30, 2026 and closes on Jul 02, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 220,000.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Jul 03, 2026.
The refund will be credited to your account on Jul 06, 2026.
The allotted shares will be credited to your demat on Jul 06, 2026.
Atharva Poly-Plast Ltd.’s shares listed on the stock exchanges on Jul 07, 2026.