Atharva Polyplast IPO- Company Analysis
Atharva Polyplast IPO under the SME IPO category is a bookbuild issue of Rs. 27 Cr by Atharva Polyplast Limited and manufactures precise plastic parts for important industries like automotive, furniture, and home appliances. Injection molding with materials including polypropylene (PP), ABS, HDPE, and technical plastics is its primary focus.
The company provides B2B manufacturing and co-development support, from mold design and prototype to final production and quality checks, to OEMs and Tier-1 suppliers in India. In accordance with client specifications, it also assembles goods employing hinges, fasteners, and foam components.
Atharva Polyplast IPO Details
The Atharva Polyplast IPO date of opening is 30 Jun 2026, its initial public offering will end on 02 Jul, IPO allotment on Jul 03 and refund initiation on Jul 06, 2026.
The Rs. 27 crore new SME IPO comprises a wholly fresh issue of 0.45 crore shares.
The Atharva Polyplast IPO listing date (expected) might be Tuesday, Jul 07, 2026, and listing at the BSE and SME.
The Atharva Polyplast IPO price band is Rs. 55 to Rs. 60.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 30, 2026 |
|
IPO Closing Date |
Jul 02, 2026 |
|
IPO Allotment Date |
Jul 03, 2026 |
|
Refund Initiation |
Jul 06, 2026 |
|
IPO Listing Date |
Jul 07, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
30.88 |
32.66 |
32.92 |
|
Total Income |
49.06 |
43.09 |
46.82 |
|
Profit After Tax |
5.29 |
2.00 |
0.71 |
|
EBITDA |
9.19 |
6.05 |
4.77 |
|
Net Worth |
13.01 |
7.72 |
5.72 |
|
Reserves and Surplus |
6.51 |
1.22 |
-0.78 |
|
Total Borrowing |
7.91 |
13.59 |
16.16 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
695.27 |
286.02 |
774.82 |
|
Net Cash Flow Investing Activities |
155.94 |
95.81 |
(190.73) |
|
Net Cash Flow Financing Activities |
(669.73) |
(405.57) |
(502.42) |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding the Capital Expenditure of the Company. ~ Rs. 3 Cr.
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company. ~ Rs. 3 Cr.
- Funding the working capital requirements of the Company. ~ Rs. 13 Cr.
- General Corporate Purposes.
Listed Peers of Atharva Polyplast Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
Master Components Limited |
10 |
16.23 |
39.16 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
RoE |
51.00% |
|
ROCE |
35.31% |
|
Debt/Equity |
- |
|
RoNW |
40.63% |
|
PAT Margin |
11.12% |
|
EBITDA Margin |
19.32% |
|
P.B Value |
5.70 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 4.28 from the last year, the resulting P/E ratio is 14.01x.
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IPO's Strengths
- Solid connections with a long-standing clientele.
- Knowledgeable managers and promoters
- Wide variety of plastic component products
- Ecological and Conscientious Production.
IPO's Weaknesses
- Strong Customer Relationships.
- Experienced Management Team.
- Sustainable Manufacturing Practices.
Atharva Polyplast IPO GMP
Atharva Polyplast IPO GMP today is Rs. 7 as of 27 June 2026, while writing this information.
Atharva Polyplast IPO Summary
|
IPO Opening & Closing Date |
30 Jun, 2026 to 02 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 55 to Rs. 60 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
45,00,000 Shares (Rs. 27 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
42,74,000 Shares (Rs. 26 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
MUFG Intime India Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,40,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,60,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Atharva Polyplast IPO Allotment Status
To check the Atharva Polyplast IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Atharva Polyplast Ltd.
- Anujit Shivaji Darade
- Shivaji Kisan Darade
- Ashish Shivaji Darade
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
73.29% |
IPO Lead Managers
- Horizon Management Pvt. Ltd.
Dividend Policy
The company has not declared a dividend during the last three FYs.
Conclusion
Investors can gain exposure to a developing plastic-component manufacturing company serving the furniture, home appliances, and automobile industries through the Atharva Polyplast IPO.
The IPO may draw SME IPO investors with robust financial growth, new issue proceeds for operating capital, and debt reduction.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the Company, Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
