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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹27.00 Cr |
| Reserved for Market Maker | ₹1.36 Cr |
| Net Issue Size | ₹27.00 Cr |
| Fresh Issue | ₹25.64 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹55.00-60.00 per share |
| BSE Code | 544812 |
| Registrar |
| Lead Managers | Horizon Management Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares · Multiples of 2,000 shares
Atharva Polyplast IPO comprises a total issue size of 45,00,000 shares. The net offer to the public is 42,74,000 shares, after excluding 2,26,000 shares allotted on a firm basis. Of the Net offer 21,30,000 (49.84%) are allocated to QIB, 6,42,000 (15.02%) allocated to NII 15,02,000 (35.14%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,30,000 | 49.84% | 47.33% |
| − Anchor Investor Shares Offered | 12,74,000 | 28.31% | |
| − QIB (Ex. Anchor) Shares Offered | 8,56,000 | 19.02% | |
| NII (HNI) Shares Offered | 6,42,000 | 15.02% | 14.27% |
| − bNII > ₹10L | 4,28,000 | 9.51% | |
| − sNII < ₹10L | 2,14,000 | 4.76% | |
| Retail Shares Offered | 15,02,000 | 35.14% | 33.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,26,000 | 5.02% | |
| Total Shares Offered | 45,00,000 | 100.00% | 100.00% |
Atharva Polyplast Limited is engaged in the manufacturing of precision-engineered plastic components catering to a wide range of industries, including furniture, home appliances, and automotive. The company primarily specializes in injection moulding processes, utilizing materials such as polypropylene (PP), ABS, HDPE, and various engineering-grade polymers to produce high-quality components.
The company collaborates with Original Equipment Manufacturers (OEMs) and Tier-1 suppliers across India, providing end-to-end manufacturing solutions. Its capabilities extend beyond component production to include product co-development services such as mould design, prototyping, product engineering, assembly, and quality assurance. It also undertakes value-added assembly operations involving fasteners, hinges, foam components, and other customer-specific requirements.
Atharva Polyplast operates a manufacturing facility spread across approximately 2,34,614 square feet, including around 40,000 square feet of dedicated production area. The facility is equipped with more than 17 injection moulding machines ranging from 100 tons to 1,000 tons in capacity, enabling the company to efficiently serve customers across diverse industrial segments.
The company places significant emphasis on quality, operational excellence, and sustainable manufacturing practices. Its in-house quality control infrastructure is supported by internationally recognized certifications, including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems, and ISO 45001:2018 for Occupational Health and Safety Management Systems.
Key Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure of our Company | 3.00 |
| 2 | Repayment and/or pre-payment, in full or part, of borrowing availed by our Company | 3.00 |
| 3 | Funding working capital requirements of the Company | 13.00 |
| 4 | General Corporate Purpose |
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.54 | 30.88 | 32.66 | 32.92 |
| Total Income | 43.90 | 49.06 | 43.09 | 46.82 |
| Profit After Tax | 4.73 | 5.29 | 2.00 | 0.71 |
| EBITDA | 8.36 | 9.19 | 6.05 | 4.77 |
| NET Worth | 17.73 | 13.01 | 7.72 | 5.72 |
| Reserves and Surplus | 5.38 | 6.51 | 1.22 | -0.78 |
| Total Borrowing | 10.04 | 7.91 | 13.59 | 16.16 |
| Amount in ₹ Crore | ||||
| KPI | Jan 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 30.74% | 51.00% |
| ROCE | 24.92% | 35.31% |
| Debt / Equity | 0.57% | |
| RoNW | 26.65% | 40.63% |
| PAT Margin | 11.14% | 11.12% |
| EBITDA Margin | 19.71% | 19.32% |
| Price to Book Value | 5.70 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.28 | 3.37 |
| P/E (x) | 14.02 | 17.83 |
| Promoter Holding | 100% | 73.29% |
| Market Cap | ₹101.10 Cr. | |
