The equity shares of Atharva Poly-Plast (Scrip Code: 544812) are listed effective 07 July 2026 and have been admitted to dealings on the exchange in the 'MT' group securities. According to reports from Business Standard, the stock opened at ₹69 compared to its issue price of ₹60, demonstrating strong market demand for the IPO. The stock is currently frozen at its upper limit of 5% over its listing price, with the counter hitting a high of ₹72.45 and a low of ₹69.
As reported by Business Standard, the stock is currently trading at ₹72.45, representing a premium of 20.75% over its issue price of ₹60. About 22.04 lakh shares of the company changed hands at the counter, indicating significant trading activity following the successful listing. The stock's movement between the listing price of ₹69 and the upper circuit limit of ₹72.45 demonstrates strong investor interest in the precision plastic components manufacturer.
The IPO was subscribed 10.06 times with the issue opening for bidding on 30 June 2026 and closing on 2 July 2026. The price band was fixed between ₹55 to ₹60 per share, with the IPO comprising 45,00,000 equity shares. Ahead of the public issue, Atharva Poly-Plast raised ₹7.64 crore from anchor investors on 29 June 2026, with the board allotting 12.74 lakh shares at ₹60 each to 6 anchor investors.
Atharva Poly-Plast is a precision plastic components manufacturer serving industries such as furniture, home appliances, and automotive. The company specializes in injection-moulded products made from polypropylene (PP), ABS, HDPE, and engineering polymers, offering end-to-end solutions including mould design, prototyping, production, and quality assurance. As of 6 May 2026, the company employed 41 people. The company recorded revenue from operations of ₹42.42 crore and net profit of ₹4.73 crore for the period ended 31 January 2026.
The company intends to utilize the net proceeds for funding capital expenditure towards purchase of machinery, repayment/prepayment of outstanding borrowings, funding working capital requirements, and general corporate purposes. According to Business Standard, the listing has been well-received by investors, with the 20.75% premium over the issue price suggesting strong investor confidence in the company's prospects and the IPO's pricing strategy. The strong subscription and successful listing indicate positive market sentiment toward the precision plastic components sector.
