Atharva Polyplast SME IPO
Atharva Polyplast IPO — date, price band, GMP & allotment 2026
Atharva Polyplast is engaged in the manufacturing of plastic products and packaging solutions for industrial and commercial applications. The company follows a manufacturing-led business model with a focus on quality, innovation and cost efficiency. Its product portfolio caters to sectors such as packaging, consumer goods and industrial applications. The company has developed a strong presence in domestic markets through its growing customer base.
Stock price
Atharva Polyplast is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 21 September.
- Open 30 Jun 2026
- Close 02 Jul 2026
- Allotment 03 Jul 2026
- Refund/credit 06 Jul 2026
- Listing 07 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Jun to 2 Jul, 2026 |
|---|---|
| Price Band | ₹55 – ₹60 |
| Face Value | ₹10 |
| Lot Size | 2000 Shares |
| Issue Size | ₹27 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 2,40,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2000 shares at the ₹60 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4,000 | ₹2,40,000 |
| Retail (max) | 2 | 4,000 | ₹2,40,000 |
| HNI (min) | 3 | 6,000 | ₹3,60,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Presence in the growing plastic products industry.
- 02Established manufacturing infrastructure.
- 03Diverse customer base across industries.
- 04Focus on quality and operational efficiency.
- 05Opportunity to benefit from industrial growth.
Risks · 5
- 01Dependence on raw material prices.
- 02Environmental regulations on plastic products.
- 03Competitive and fragmented industry structure.
- 04Customer concentration risk.
- 05High power and manufacturing costs.
Three years of numbers
All figures in ₹ crore, as reported in the Atharva Polyplast offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Atharva Polyplast RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Atharva Polyplast IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹3.37 |
| P/E Ratio (x) | 17.83 |
| Market Cap at Offer Price (₹ Cr) | ₹84.21 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹60 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹27.00 Cr of the issue is earmarked to named objects.
About the company
The company manufactures a range of plastic-based products used across packaging and industrial applications. It follows a manufacturing-driven business model where revenue is generated through large-scale production and supply to various industries. The promoters have experience in the plastics industry and continue to focus on capacity expansion and operational efficiency.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91- 94220-49184
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Horizon Management Pvt. Ltd.
5 issues handledBest listing: Shayona Engineering (0.0%). Weakest: Yajur Fibres (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Atharva Polyplast?
The current Grey Market Premium is ₹10, or 16.7% over the issue price.
What is the Atharva Polyplast IPO price band?
₹55 to ₹60, on a face value of ₹10.
When is the allotment?
The basis of allotment is 3 July 2026, with listing on 7 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
