The Atharva Polyplast initial public offering allotment is expected to be finalized today, July 3, 2026, with shares allocated proportionally to retail investors due to high oversubscription. The ₹27 crore IPO, which was open for bidding from June 30 to July 2, 2026, attracted 10.74 times bids from investors. According to latest reports, refunds for unsuccessful applicants will begin on July 6, 2025, while the IPO is scheduled to list on NSE SME on Tuesday, July 7, 2025. The grey market premium for the stock was nil today, suggesting that the stock may list at the issue price or possibly at a discount.
The IPO demonstrated exceptional market interest across all investor categories, with the non-institutional investor (NII) segment oversubscribed 19 times, while the retail portion was oversubscribed 11.30 times. The Qualified Institutional Buyers (QIBs) portion was booked at 3.58 times, as reported by LiveMint. The company received bids for 20,10,000 shares against the total 30,00,000 shares on offer. Given the retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. The BSE SME issue is priced at ₹55-60 per share with a lot size of 2,000 shares, requiring a minimum investment of ₹2,40,000 per lot.
Atharva Polyplast operates as a manufacturer of precision plastic components, serving industries including furniture, home appliances, and automobiles. According to the company details, it specializes in injection moulding using materials such as polypropylene (PP), acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), and other engineering polymers. The company operates a manufacturing facility spanning 2,34,614 sq. ft., including 40,000 sq. ft. of production space, equipped with more than 17 injection moulding machines with capacities ranging from 100 to 1,000 tonnes. The facility enables the company to serve diverse end-use industries through its end-to-end solutions including mould design, prototyping, production, assembly, and quality testing.
The IPO comprises a fresh issue of 4,500,000 equity shares with a face value of ₹10 each. As reported by the company, 226,000 equity shares have been set aside for the market maker (R.K. Stockholding Pvt Ltd), resulting in a net issue of 4,274,000 equity shares available to the public. Horizon Management Pvt. Ltd serves as the book running lead manager, while MUFG Intime India Pvt. Ltd acts as the registrar for the issue. The IPO will remain open for subscription until Thursday, July 2, providing investors with a window to participate in this precision plastic components manufacturer's public offering. The total issue size amounts to ₹27 crore for 45,00,000 shares.
Investors can check their allotment status through multiple channels. To check allotment status on the MUFG Intime India website, investors need to visit the registrar's portal at https://in.mpms.mufg.com/Initial_Offer/public-issues.html, choose 'Atharva Polyplast' in the Select Company dropdown menu, select among PAN, Application Number, DP ID or Account Number, enter the details, and click Search. Alternatively, investors can check allotment status on the BSE website by visiting the IPO allotment page, selecting 'Equity' under Issue Type, choosing the IPO name from the dropdown menu, entering PAN or application number, completing captcha verification, and clicking Submit. The allotment status will be displayed on the screen upon successful verification.
