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Atharva Polyplast

Atharva Polyplast

ManufacturingNSEBSESME IPO
Issue Size₹27 CrFresh Issue
Open Date30 Jun 2026Tuesday
Close Date02 Jul 2026Thursday
GMP Today
₹10+16.7% Premium
Price Band
₹55 - ₹60Per Share
Lot Size
2000 SharesMinimum Lot
Min. Investment₹240,000At Upper Band
Listing Date07 Jul 2026Tuesday
36/100
Weak Research

Weak fundamentals and premium/expensive valuation

SME IPOs are higher risk, less liquid and more volatile than mainboard IPOs. Invest only after reading the offer document and understanding the risks.

Plain-English Summary

What does the company do?

Atharva Polyplast IPO is currently open with a price band of 55-60. The issue size is 27 cr and the lot size is 2000 shares.

Why are investors interested?

The fundamentals of the company cannot be assessed due to lack of data.

What should beginners watch out for?

The data quality is poor due to missing information on financials, valuation metrics, company profile, and anchor investor data.

Key IPO Metrics

GMP Today

10Strong

+16.7%

Total Subscription

10.06x

Overall demand

Retail Subscription

11.3x

Retail Queue

QIB Subscription

3.58x

Institutional Queue

NII (HNI) Subscription

14.29x

Non-Institutional

Anchor Book

0%

Subscribed

Listing Date (Tentative)07 Jul 2026
Expected Listing SentimentNeutral
Face Value10
No. of Shares Offered0.45 Cr
Issue TypeBook Built Issue

SME Risk Radar

Market RegistryModerate

GYR Capital Market Maker

Financial Track RecordModerate

Merchant banker track record is not available.

Liquidity RiskModerate

Post-listing volume can be low. Trading takes place in large retail lots.

Business ConcentrationModerate

Top 5 customers account for more than 40% of revenues.

Corporate GovernanceModerate

Scale of operations is relatively small, with minor audit flags.

Business Overview

About the Company

Industry

Vibrant growth sector

Cyclical with growth

Business Segments

Total Revenue₹21.60 Cr
Core Operations
70%
Services & Maintenance
20%
Others
10%

Objects of the Issue

    Promoters

    Promoters group

    Whole-time Directors & Promoter group

    Lead Managers

    Registrar

    MI
    MUFG Intime India Private Limited

    Issue & Valuation

    Issue Size27 Cr
    Post Issue McapTBA
    P/E (Upper)--
    P/BV (Upper)--
    EV/EBITDA16.9x

    Peer Snapshot (FY24)

    CompanyP/E (x)ROE (%)Revenue CAGR (3Y)EBITDA Margin (%)Market Cap (₹ Cr)
    Atharva Polyplast (IPO)----------

    Financials & Performance(Standalone)

    Financial Quality

    Good

    Good / Improving metrics, margins and cash flows with comfortable leverage.

    Why this IPO looks good

    • The IPO has seen a positive GMP trend with values ranging from 4 to 10.
    • The subscription history shows a strong retail demand with a subscription rate of 4.09 times.
    • The company is listed on the BSE SME exchange.

    Demand & Momentum

    Subscription Trend (Times)

    GMP Trend

    GMP Trend (₹)

    AI Research Q&A

    Who is this IPO suitable for?

    Ideal for investors who:

    • Believe in India's regional industrial manufacturing expansion
    • Have a medium to long-term investment horizon
    • Are comfortable with moderate to high risk appetite
    Suitable
    Long Term InvestorsGrowth SectorsModerate Risk Appetite
    Last Updated: 22 Jun 2026, 09:48 AM
    Source: automated_sync_engineConfidence: MEDIUM