Atharva Polyplast IPO
Plastic products • ₹27 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹60
Lot Size
2000 shares
Issue Size
₹27 Cr
Open
30 Jun 2026
Close
02 Jul 2026
Subscription
9.88×
IPO Schedule
| Issue Open Date | 30 Jun 2026 |
| Issue Close Date | 02 Jul 2026 |
| Allotment Date | 03 Jul 2026 |
| Listing Date | 06 Jul 2026 |
About Atharva Polyplast
Atharva Polyplast is a manufacturer of precision plastic components used in industries such as furniture, home appliances, and automotive assemblies. The company primarily manufactures injection-molded components using polypropylene (PP), ABS, HDPE, and engineering polymers. It undertakes both contract manufacturing and co-development projects, offering support from mold design and prototyping to production and quality validation. Its manufacturing facility, commissioned in 2015, spans 234,614 sq. ft., including 40,000 sq. ft. of production space, and houses over 17 molding machines with capacities ranging from 100T to 1,000T. The company maintains an in-house quality control system and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. It is led by promoters and directors with experience in plastic product manufacturing and business operations. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding capital expenditure of the company – Rs 3.00 crore Repayment and/or pre-payment, in full or part, of borrowing availed by the company – Rs 3.00 crore Funding the working capital requirements of the company – Rs 13.00 crore General corporate purposes
Company Details
Founders / Promoters
Mr Anujit Shivaji Darade
Founded
2014
Registrar
MUFG Intime India Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Atharva Polyplast — IPOFins Verdict
QuantitativeDriven by QIB demand at 3.6x and elevated disclosed risk (8/10), Atharva Polyplast listed at a premium of 15.0% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- The company states that it has established long-term relationships with customers across multiple industries, supporting business stability and repeat orders. It has maintained associations of up to n
- The company states that its operations are supported by an experienced management team with expertise in business planning, operations, process optimisation, and growth strategy. The promoters and sen
- The company states that its diversified product portfolio reduces dependence on any single end-user industry. In FY25, furniture components contributed Rs 21.66 crore (45.56%) of revenue, home applian
- The company states that sustainability forms an integral part of its manufacturing operations. Its facility has received the GREENCO Gold Rating and is certified under ISO 14001:2015 for environmental
- The company has seen a consistent increase in profit after tax (PAT). PAT increased from Rs 0.71 crore in FY23 to Rs 2.00 crore in FY24 to Rs 5.28 crore in FY25.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score +1.0
Strong retail interest → score +0.5
Actual listing outcome → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹60
Listing Price
₹69
Listing Gain/Loss
+15.00%
Listing Date
06 Jul 2026
Price Since Listing
Returns are measured against the ₹60 issue price.
Listing
₹69
+15.0%
1 Week
₹81.2
+35.3%
Current
₹83
+38.3%
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FAQ
What is the price band of Atharva Polyplast IPO?
The price band is ₹60 per share with a lot size of 2000 shares. Minimum investment: ₹1,20,000.
What does Atharva Polyplast do?
Atharva Polyplast is a manufacturer of precision plastic components used in industries such as furniture, home appliances, and automotive assemblies. The company primarily manufactures injection-molded components using polypropylene (PP), ABS, HDPE, and engineering polymers. It undertakes both contract manufacturing and co-development projects, offering support from mold design and prototyping to production and quality validation. Its manufacturing facility, commissioned in 2015, spans 234,614 sq. ft., including 40,000 sq. ft. of production space, and houses over 17 molding machines with capacities ranging from 100T to 1,000T. The company maintains an in-house quality control system and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. It is led by promoters and directors with experience in plastic product manufacturing and business operations. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding capital expenditure of the company – Rs 3.00 crore Repayment and/or pre-payment, in full or part, of borrowing availed by the company – Rs 3.00 crore Funding the working capital requirements of the company – Rs 13.00 crore General corporate purposes
Should I apply for Atharva Polyplast IPO?
Atharva Polyplast listed at ₹69 (+15.0% premium to the ₹60 issue price) after 9.9x subscription. IPOFins Score 5/10: Driven by QIB demand at 3.6x and elevated disclosed risk (8/10), Atharva Polyplast listed at a premium of 15.0% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Atharva Polyplast?
Atharva Polyplast was founded by Mr Anujit Shivaji Darade in 2014.