Atharva Polyplast IPO Opens Today; Day 1 Subscription Reaches 0.23x In Early Bidding 

Mumbai, June 30: The Atharva Polyplast IPO opened for public subscription on Tuesday, marking the start of bidding for the company’s ₹27 crore book-built SME issue. Early subscription data indicated a measured response from investors, with participation expected to build over the remaining two days of the issue. 

According to exchange data available till 10:44 AM on June 30, the IPO was subscribed 0.23 times overall. The retail investor portion was booked 0.36 times, while the NII category was subscribed 0.23 times. The QIB (Ex-Anchor) portion had not received bids at the time of the update. The IPO will remain open for subscription until July 2. 

Atharva Polyplast IPO Day 1 Subscription Status 

Atharva Polyplast IPO Details 

The IPO is a book-built SME issue comprising a fresh issue of 45 lakh equity shares aggregating ₹27 crore.

• Price Band: ₹55 to ₹60 per share  
• Issue Size: ₹27 crore  
• Lot Size: 2,000 shares  
• Issue Type: Fresh Issue  
• Listing Exchange: BSE SME  

Minimum Investment 

The minimum investment requirement is: 

• Retail: 4,000 shares worth ₹2,40,000  
• HNI: 6,000 shares worth ₹3,60,000  

Important IPO Dates 

• IPO Opens: June 30, 2026  
• IPO Closes: July 2, 2026  
• Expected Allotment: July 3, 2026  
• Refunds / Mandate Release: July 6, 2026  
• Shares Credited to Demat: July 6, 2026  
• Tentative Listing: July 7, 2026  

About Atharva Polyplast 

Atharva Polyplast manufactures precision plastic components for industries such as furniture, home appliances and automobiles. The company focuses on injection moulding using engineering polymers including PP, ABS and HDPE, while also offering mould design, prototyping, assembly and quality assurance services to OEMs and Tier-1 suppliers. 

Investor Take 

Although the IPO has opened with a relatively subdued response, Day 1 subscription numbers are typically not a clear indicator of final demand, especially in the SME segment where bidding often accelerates during the final day. Investors will continue to watch participation from retail and non-institutional investors as the issue progresses toward its July 2 closing date.  

Source: 

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