Atharva Polyplast IPO Day 2: Subscription Climbs To 1.70x Ahead of July 2 Closing

Mumbai, July 1: Atharva Polyplast IPO was subscribed 1.70 times on Wednesday (Day 2). The book-built SME issue, which opened for bidding on June 30, 2026, will remain open for subscription until July 2, 2026.

Investor interest remained healthy during the second day of bidding, with the NII segment continuing to lead demand, while retail participation also stayed comfortably above the fully subscribed mark. However, qualified institutional buyers (QIBs), excluding anchor investors, were yet to show meaningful participation.

The ₹27 crore IPO is entirely a fresh issue of 45 lakh equity shares. The company has fixed the price band at ₹55 to ₹60 per share, while investors can bid in lots of 2,000 shares.

Atharva Polyplast IPO Subscription Status Day 2

• Overall Subscription: 1.70x
• Retail Subscription: 2.26x
• NII Subscription: 2.40x
• bNII: 2.01x
• sNII: 3.17x
• QIB (Ex-Anchor): 0.19x
• Anchor Portion: 1.00x
• Total Applications: 1,021

The latest subscription data suggests that demand is being driven primarily by non-institutional and retail investors. The small NII category has emerged as the strongest segment so far, while institutional bidding outside the anchor allocation remains relatively muted.

Day-wise Subscription Trend

• Day 1: Overall 1.55x | Retail 1.89x | QIB 0.19x | NII 2.56x
• Day 2 (10:54 AM): Overall 1.70x | Retail 2.26x | QIB 0.19x | NII 2.40x

Compared with Day 1, overall demand has improved modestly, supported by higher retail participation despite a slight moderation in NII bidding.

IPO Details

• Issue Size: ₹27 crore
• Fresh Issue: 45 lakh equity shares
• Offer for Sale: Nil
• Price Band: ₹55 to ₹60 per share
• Lot Size: 2,000 shares
• Minimum Retail Investment: ₹2,40,000 (4,000 shares)
• Listing Exchange: BSE SME

Important Dates

• IPO Opening Date: June 30, 2026
• IPO Closing Date: July 2, 2026
• Tentative Allotment: July 3, 2026
• Refund Initiation: July 6, 2026
• Shares Credited To Demat Accounts: July 6, 2026
• Tentative Listing Date: July 7, 2026

About Atharva Polyplast

Atharva Polyplast Limited manufactures and supplies plastic products catering to industrial applications. The company plans to utilise the IPO proceeds to support business expansion and meet its working capital requirements.

Conclusion

Atharva Polyplast IPO has maintained healthy momentum heading into the second half of the subscription period. With retail and NII investors already oversubscribing their respective portions, attention will now shift to whether institutional participation improves before the issue closes on July 2, 2026.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/atharva-polyplast_anchor_intimation_letterf349e5fa-62f6-4bf3-9f24-b94844526f37.pdf