Atharva Polyplast Limited
Bookbuilding IPO · BSE
- Price band
- ₹55 - ₹60
- Lot size
- 2,000 shares
- Issue amount
- ₹27 cr
- Total subscription
- 10.81×
- Opens
- 30 Jun 2026
- Closes
- 2 Jul 2026
- Allotment
- 3 Jul 2026
- Listing
- 7 Jul 2026
Offer at a glance
Issue overview
- Issue size
- 45,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,10,000
- Fresh issue
- ₹27 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,23,49,998
- Shares after issue
- 1,68,49,998
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,40,000 |
| sHNI | 3 | 6,000 | ₹3,60,000 |
| bHNI | 9 | 18,000 | ₹10,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 2 Jul 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 13 |
| NIB | 0 | 932 |
| RETAIL | 376 | 4,245 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 71 | 529 |
| HNIs (2-10L) | 36 | 403 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.14 | 18.37 |
| FIIs | 0 | 2.06 |
| Others | 0 | 16.31 |
| RETAIL | 9.01 | 101.88 |
| HNIs 2+ | 1.28 | 15.43 |
| HNIs 10+ | 2.57 | 58.98 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jan-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 3.83 | 4.28 | 1.62 | 0.58 |
| ROE | 30.74 | 50.99 | 29.77 | 13.23 |
| ROCE | 24.29 | 35.31 | 18.94 | 12.58 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 14.02 | 0 | 0 |
| POST IPO(PE) | 17.83 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Atharva Polyplast Limited | 14.02 | 60.00 | 10.00 | 10.53 | 40.63 | 4.28 |
| Master Components Limited | 39.16 | 350.00 | 10.00 | 73.73 | 22.01 | 16.23 |
Company information
Company profile
Atharva Polyplast manufactures precision plastic components for industries like furniture, home appliances, and automotive, with a strong focus on injection moulding using materials such as polypropylene (PP), ABS, HDPE, and other engineering polymers. The company works closely with OEMs and Tier-1 suppliers in India, offering end-to-end support from mould design and prototyping to final production, quality checks, and product assembly using parts like fasteners, hinges, and foam as per client requirements. Its manufacturing facility spans a large area with dedicated production space and is equipped with over 17 moulding machines of varying capacities, enabling it to efficiently serve multiple industries, supported by an in-house quality control team.
Strengths
- Strong Manufacturing Capability: Equipped with advanced injection moulding technology, enabling consistent product quality, precision manufacturing, and scalable production capacity.
- Diversified End-Use Industries: Supplies to multiple sectors like furniture, home appliances, and automotive, reducing business risk from dependence on a single industry.
- High Margin Profile: Maintains relatively higher profitability margins through efficient cost control, optimized operations, and better pricing power.
Risk factors
- Working Capital Intensive: Requires continuous investment in raw materials, inventory, and receivables, which can impact liquidity and cash flow cycles.
- Raw Material Price Volatility: Polymer prices are linked to crude oil fluctuations, which can directly affect cost structure and profit margins.
- Competitive Industry: Operates in a highly competitive market with both organized and unorganized players, leading to pricing pressure and margin constraints.
Promoters
Anujit Shivaji Darade
Shivaji Kisan Darade
Ashish Shivaji Darade
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
W-163A, S Block MIDC Bhosari Pune, Maharashtra, 411026
+91- 94220-49184
[email protected]Company website ↗Understanding ATHARVA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.