Atharva Polyplast ₹27 Crore IPO Opens Tomorrow; Here's What Investors Should Know Before Bidding Begins

Mumbai, June 29: SME primary market will welcome another public issue this week as Atharva Polyplast Ltd. opens its ₹27 crore IPO for subscription on June 30. Investors will have three days to place their bids, with the offer scheduled to close on July 2.

The company is entering the market through the book-building route, offering only fresh equity shares. Since there is no offer for sale, the funds raised will be used by the company for its planned business requirements rather than providing an exit to existing shareholders.

Before the bidding window opens, here’s a quick look at the important details of the issue.

Issue Details

Atharva Polyplast plans to raise ₹27 crore through a fresh issue of 45 lakh equity shares.

The IPO has been priced in a band of ₹55 to ₹60 per share, with the final issue price to be discovered after the book-building process is completed.

The shares are proposed to be listed on the BSE SME platform.

Price Band and Minimum Investment

The IPO can be applied for in lots of 2,000 shares.

At the upper end of the price band, the minimum investment works out to:

• Retail: 4,000 shares (2 lots) worth ₹2,40,000
• sHNI: 6,000 shares worth ₹3,60,000
• bHNI: 18,000 shares worth ₹10,80,000

Applications can be made in multiples of the prescribed lot size.

How The Issue Is Reserved

The net issue has been divided among different investor categories as follows:

• Qualified Institutional Buyers (QIB): 21.30 lakh shares (49.84%) 
• Non-Institutional Investors (NII): 6.42 lakh shares (15.02%) 
• Retail Investors: 15.02 lakh shares (35.14%) 

Additionally, 2.26 lakh shares have been reserved for the market maker.

Key Dates to Remember

Investors planning to participate should keep these dates in mind:

• IPO opens: June 30, 2026 
• IPO closes: July 2, 2026 
• Expected allotment: July 3, 2026 
• Refund initiation: July 6, 2026 
• Shares credited to demat accounts: July 6, 2026 
• Tentative listing: July 7, 2026 

About Atharva Polyplast

Atharva Polyplast manufactures precision plastic components used across industries such as furniture, consumer appliances and automobiles. The company works with OEMs and Tier-1 suppliers, providing end-to-end manufacturing support that ranges from mould design and product development to injection moulding, assembly and quality testing.

Its manufacturing facility houses multiple injection moulding machines capable of processing engineering polymers including polypropylene (PP), ABS and HDPE. The company also maintains quality management systems certified under ISO 9001, ISO 14001 and ISO 45001 standards.

What Investors Should Watch

Atharva Polyplast will begin accepting bids from June 30, making it one of the SME IPOs to watch this week. As subscriptions start coming in over the three-day bidding window, investors will closely monitor demand across retail, HNI and institutional categories to gauge market interest.

Once the issue closes on July 2, the focus will shift to the subscription figures, allotment process and the company’s proposed BSE SME listing on July 7.

Source:

• https://www.chittorgarh.com/ipo/atharva-polyplast-ipo/2653/