The Atharva Polyplast IPO is set to open for subscription on Tuesday, June 30, 2026, and will remain open until Thursday, July 2, 2026. According to reports from Live Mint, the SME IPO has been declared with a price band of ₹55 to ₹60 per share, with a face value of ₹10 per share. The company has structured this as a book-built offering aggregating ₹27 crore, comprising solely a fresh issue of 45,00,000 equity shares with no offer-for-sale component. As reported by IIFL Capital, the IPO is now available for subscription through multiple platforms including WhatsApp, web applications, and mobile apps, offering investors multiple application channels for convenience. Horizon Management Pvt.Ltd. is acting as the lead manager to the issue, while MUFG Intime India Pvt.Ltd. serves as the registrar for the offering.
For retail investors, the minimum investment requirement is ₹2.40 lakh, which corresponds to four lots or 4,000 shares calculated at the upper end of the price band. As reported by Live Mint, this investment threshold reflects the company's pricing strategy and the size of the fresh equity issue. The allotment for the Atharva Polyplast IPO is expected to be finalized on July 3, 2026, with the tentative listing date fixed as July 7, 2026 on the BSE SME platform. According to IIFL Capital, investors can apply through various channels including WhatsApp, web platforms, and mobile applications, with the platform facilitating easy application processes. The minimum lot size for retail investors is 4,000 shares, ensuring that retail participation remains accessible to individual investors.
According to Live Mint, Atharva Polyplast Limited, founded in 2014, manufactures precision-engineered plastic components for various industries including office furniture, home appliances, automotive, and other industrial sectors. The company operates by catering to OEMs and Tier-1 suppliers by producing customized components, transforming raw materials and procured parts such as fasteners, hinges, and foam materials into finished products tailored to customer specifications. The company's manufacturing focus aligns with the growing demand for precision-engineered plastic components across multiple industries.
As reported by Live Mint, shares of Atharva Polyplast IPO are trading at a premium of ₹10 in the grey market, which means that the shares are likely to list at ₹70, representing a 16.67% premium over the IPO price. This grey market premium indicates positive investor sentiment ahead of the public offering, though it should be noted that grey market trading is not an official indicator of listing performance. According to IIFL Capital, the grey market premium of ₹10 continues to reflect strong investor interest in the offering.
According to Live Mint, the company proposes to utilize the net proceeds from the issue towards funding capital expenditure, repayment and/or pre-payment, in full or part, of borrowing, funding working capital requirements, and general corporate purpose. This diversified funding strategy reflects the company's growth plans and operational requirements across multiple business segments in the precision-engineered plastic components market. The company's focus on capital expenditure and working capital requirements positions it well for expansion in its target industries.
