Atharva Poly-Plast IPO GMP Today, Price & Details
Atharva Poly-Plast IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Atharva Poly-Plast
Atharva Poly-Plast operates in the polymer and plastic-products manufacturing space, producing processed plastic goods for industrial and consumer applications. Like most small plastics makers, its edge comes from efficient processing and steady client demand rather than scale. The IPO was an SME offering on the BSE, sized at ₹27 Cr and priced at ₹55–60 per share with a face value of ₹10.
The financials are solid for the size. Revenue of ₹42.42 Cr and net profit of ₹4.73 Cr come with a strong EBITDA margin of 19.32% and excellent return ratios of 40.63% RONW and 35.31% ROCE.
This was a 100% fresh issue, so the entire ₹27 Cr goes into the company to support capacity and working capital as it scales.
Atharva Poly-Plast IPO — Investment Analysis
At the upper band of ₹60, Atharva Poly-Plast was valued at 16.29x earnings on an EPS of ₹3.38 — a fair multiple that reflects its strong margins and returns without being cheap. The pricing sat in reasonable middle ground.
The financial quality stands out for a micro-cap. A 19.32% EBITDA margin is well above the norm for commoditised plastics, and the 40.63% RONW with 35.31% ROCE shows strong capital efficiency. Revenue of ₹42.42 Cr keeps it small, though.
The risks are the familiar plastics ones — polymer input-cost volatility, competition, and client concentration — plus the fragility that comes with small scale. The low NAV of ₹10.53 also means much of the value rests on sustaining current earnings.
Investor demand was moderate, with the issue subscribed 3.58x overall — a measured response rather than a stampede. With the listing still ahead at the time of writing, the strong margins and returns were the core attraction. Our IPO profit calculator can size a position. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Atharva Poly-Plast IPO — Pros & Cons
Strengths
- A strong 19.32% EBITDA margin, well above the norm for commoditised plastic products.
- Excellent capital efficiency, with RONW of 40.63% and ROCE of 35.31%.
- A fair valuation at 16.29x earnings, reasonable given the quality of the returns.
- A 100% fresh issue means the full ₹27 Cr funds growth.
- Solid profitability for the size, with net profit of ₹4.73 Cr on revenue of ₹42.42 Cr.
Risks
- Exposure to volatile polymer input costs, which can squeeze margins in a competitive segment.
- Very small scale, with revenue of ₹42.42 Cr, makes the business fragile and growth lumpy.
- A low NAV of ₹10.53 means the valuation leans heavily on sustaining current earnings.
- Client concentration is common at this size and could dent revenue if a key account is lost.
- Thin SME liquidity and a large per-lot ticket constrain post-listing participation.
Atharva Poly-Plast IPO Details
| Company Name | Atharva Poly-Plast |
|---|---|
| IPO Type | SME |
| Exchange | BSE |
| Price Band | ₹55 - ₹60 |
| Face Value | ₹10 per share |
| Lot Size | 2000 shares |
| Min Investment | ₹120,000 |
| Total Issue Size | ₹27.00 Cr |
|---|---|
| Fresh Issue | ₹27.00 Cr |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Manager | List of Issues managed, Horizon Management Pvt.Ltd. |
| IPO Status | Listed |
Atharva Poly-Plast IPO Dates
Atharva Poly-Plast IPO Subscription Status
Day-wise Subscription Trend
| Date | Retail | NII/HNI | QIB | Total |
|---|---|---|---|---|
| 02 Jul 2026 | 11.30x | 19.32x | 4.77x | 10.81x |
| 01 Jul 2026 | 2.84x | 3.05x | 1.57x | 2.41x |
| 30 Jun 2026 | 1.89x | 2.56x | 0.26x | 1.55x |
Atharva Poly-Plast IPO Listing Performance
Atharva Poly-Plast IPO listed on BSE on 07 Jul 2026 at ₹69, a premium of 15% over the issue price of ₹60. Investors who received allotment made a profit of ₹18,000 per lot (2000 shares) on listing day.
Atharva Poly-Plast IPO — Key Highlights
- Polymer and plastic-products SME, BSE IPO of ₹27 Cr.
- Strong 19.32% EBITDA margin.
- Excellent RONW of 40.63% and ROCE of 35.31%.
- Fairly valued at 16.29x earnings on an EPS of ₹3.38.
- Subscribed 3.58x overall.
- A 100% fresh issue of ₹27 Cr.
Atharva Poly-Plast Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 10M FY 2026 |
|---|---|---|---|---|
| Revenue | 45.30 | 41.49 | 47.54 | 42.42 |
| Expenses | 46.02 | 40.48 | 42.51 | 37.96 |
| Net Income (PAT) | 0.71 | 2.00 | 5.29 | 4.73 |
| Margin (%) | 1.57% | 4.82% | 11.13% | 11.15% |
Atharva Poly-Plast IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹3.38 |
|---|---|
| P/E Ratio | 16.29x |
| NAV | ₹10.53 |
| Current Ratio | 8,211.00 |
| Debt/Equity | 0.570 |
Return Metrics
| RONW (%) | 40.63% |
|---|---|
| ROCE (%) | 35.31% |
| EBITDA Margin | 19.32% |
| Employees | 41 |
Atharva Poly-Plast IPO Reservation / Allocation
Atharva Poly-Plast IPO Lead Manager & Registrar
Book Running Lead Manager
List of Issues managed, Horizon Management Pvt.Ltd.
IPO Registrar
MUFG Intime India Pvt.Ltd.
Atharva Poly-Plast IPO — Frequently Asked Questions
What is Atharva Poly-Plast IPO GMP today?
As of today, the Grey Market Premium (GMP) for Atharva Poly-Plast IPO is ₹10 per share, indicating a potential listing premium of 16.7% above the issue price of ₹60.
What is the price band and lot size of Atharva Poly-Plast IPO?
Atharva Poly-Plast IPO has a price band of ₹55 to ₹60 per equity share with a face value of ₹10. The minimum lot size is 2000 shares, requiring a minimum investment of ₹120,000 at the upper band.
What are the important dates for Atharva Poly-Plast IPO?
Atharva Poly-Plast IPO opens for subscription on 30 Jun 2026 and closes on 02 Jul 2026. Allotment is expected on 03 Jul 2026. The shares are expected to list on BSE on 07 Jul 2026.
What is the investor category allocation in Atharva Poly-Plast IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 49.84%, Non-Institutional Investors (NII/HNI): 15.07%, and Retail Individual Investors: 35.10%.
How can I apply for Atharva Poly-Plast IPO?
You can apply for Atharva Poly-Plast IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is MUFG Intime India Pvt.Ltd..
What is the subscription status of Atharva Poly-Plast IPO?
Atharva Poly-Plast IPO has been subscribed 3.58 times overall. Retail category: 0.00x, NII/HNI: 0.00x, QIB: 3.58x.
What was Atharva Poly-Plast IPO's price band and lot size?
Atharva Poly-Plast was priced at ₹55 to ₹60 per share, with a lot of 2,000 shares — a per-lot value of about ₹1.20 lakh at the upper band. The face value was ₹10.
How strong are Atharva Poly-Plast's financials?
Strong for its size: a 19.32% EBITDA margin and excellent return ratios of 40.63% RONW and 35.31% ROCE, though revenue of ₹42.42 Cr keeps it a micro-cap.
Was Atharva Poly-Plast IPO fairly valued?
Fairly — at 16.29x earnings on an EPS of ₹3.38, the price reflected its strong margins and returns without being cheap.
What are the key risks in Atharva Poly-Plast IPO?
Polymer input-cost volatility, small scale and client concentration, and a low NAV of ₹10.53 that leaves the valuation dependent on sustaining earnings.