Atharva Polyplast IPO
Atharva Polyplast IPO Listing Day Performance
Atharva Polyplast listed on BSE SME on 07 July 2026 at ₹69.00, a 15% premium over the issue price of ₹60. A retail investor allotted the minimum application of 4,000 shares (2 lots) gained ₹36,000 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹1 (+1.7%) |
| GMP-implied listing | ₹61 |
| Actual listing | ₹69.00 |
| Difference | +₹8 (+13.1%) |
Demand going into listing
| Subscribed overall | 10.81× |
| QIB | 3.58× |
| NII | 19.32× |
| Retail | 11.3× |
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.19x | 1.18x | 3.58x |
| NII | 1.89x | 2.26x | 19.32x |
| bNII > ₹10L | 2.56x | 3.05x | 19.32x |
| sNII 2-10L | 2.56x | 3.05x | 19.32x |
| Retail | 1.89x | 2.84x | 11.30x |
| Total | 1.44x | 2.24x | 10.81x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | Jan 2026 |
|---|---|---|---|---|
| Revenue | 46.82 | 43.09 | 49.06 | 43.90 |
| Expense | 46.02 | 40.48 | 42.51 | 37.96 |
| Profit (PAT) | 0.71 | 2.00 | 5.29 | 4.73 |
| Total Assets | 32.92 | 32.66 | 30.88 | 42.54 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Atharva Polyplast This IPO | 4.28 | - | 40.63 | 10.53 | - |
| Master Components Limited | 16.23 | 39.16 | 22.01 | 73.73 | 42.40 Cr |
Promoters & Holding Pattern
Promoters: Anujit Shivaji Darade, Shivaji Kisan Darade and Ashish Shivaji Darade
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,23,49,998 | 100.00% |
| Promoter Holding Post Issue | 1,68,49,998 | 73.29% |
Strengths & Risks
- Strong institutional (QIB) demand — 3.6x.
- Solid profit margin — 10.8%.
- Strong return on equity — 51%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Atharva Polyplast
Atharva Poly-Plast, established in 2015, manufactures precision plastic components used in industries such as furniture, home appliances, and automotive assemblies. The company specialises in producing injection-moulded parts using materials like polypropylene (PP), ABS, HDPE, and other engineering plastics. The company operates a modern manufacturing facility spread over 2,34,614 square feet, with a production area of 40,000 square feet. It is equipped with 17 injection moulding machines ranging from 100 tonnes to 1000 tonnes, enabling it to manufacture a wide range of high-quality plastic components efficiently.
Company Contact Information
Atharva Polyplast Ltd., W-163A,, S Block MIDC Bhosari, Pune, Maharashtra, 411026
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding Capital Expenditure of the Company | 3.00 |
| Repayment and/or pre-payment, in full or part, of borrowing availed by the Company | 3.00 |
| Funding working capital requirements of the Company | 13.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Atharva Polyplast IPO - Quick Take
Atharva Polyplast has set a price band of Rs 55–Rs 60 per share for an issue size of Rs 27 crore. The stock listed with a 15.00% gain versus its issue price on July 07, 2026.
The issue is promoted by Anujit Shivaji Darade, Shivaji Kisan Darade and Ashish Shivaji Darade with Horizon Management Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards funding Capital Expenditure of the Company (Rs 3 crore) and repayment and/or pre-payment, in full or part, of borrowing availed by the Company (Rs 3 crore).
On fundamentals, the company is posting revenue growth of 13.9%, a profit margin of 10.8%, return on equity of 51.0% in its most recent reported period. Listed peers in this segment include Master Components Limited (P/E 39.16x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Atharva Polyplast IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1.7%. Of the 50 SME IPOs we have tracked with a final GMP under 10%, 19 listed above, 12 flat and 19 below the issue price; Atharva Polyplast listed 15% above its issue price.
See the full Atharva Polyplast GMP history and trend, or learn how grey market premium works and how reliable it is.
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