Atharva Polyplast Limited, a precision manufacturing company serving leading OEMs and Tier-1 customers across furniture, home appliances, automotive, and engineering sectors, is set to open its Initial Public Offering (IPO) on June 30, 2026. The issue will close on July 2, 2026, with the anchor investor bidding date scheduled for June 29, 2026.
IPO Details and Share Allocation
The total issue size is 45,00,000 equity shares of ₹10 each, amounting to ₹27 crore at the upper price band. The price band is set at ₹55 to ₹60 per equity share. The lot size is 2,000 equity shares, with a minimum bid of 2 lots (4,000 equity shares), and in multiples of 2,000 equity shares thereafter. The company plans to list on the SME platform of BSE (BSE SME).
Share allocation includes an anchor investor portion of 12,74,000 equity shares, a net QIB portion of not more than 8,56,000 equity shares, a non-institutional investors portion of not less than 6,42,000 equity shares, a retail individual investors portion of not less than 15,02,000 equity shares, and a market maker portion of 2,26,000 equity shares.
Utilization of Funds
The net proceeds from the issue will be utilized to fund capital expenditure requirements, repayment or prepayment of borrowings, working capital requirements, and general corporate purposes. Horizon Management Private Limited serves as the Book Running Lead Manager, and MUFG Intime India Private Limited is the Registrar to the Issue.
Management Commentary
Mr. Anujeet Darade, Managing Director of Atharva Polyplast Limited, stated: "Our journey over the last decade has been guided by a clear focus on precision manufacturing, quality excellence, and building long-term partnerships with our customers. What began as a manufacturing venture has evolved into a trusted engineering and production partner for leading OEMs and Tier-1 suppliers across multiple industries." He added that the IPO marks an important milestone, supporting expansion plans and strengthening manufacturing infrastructure.
Mr. Narendra Bajaj, Managing Director of Horizon Management Private Limited, commented: "The Indian manufacturing sector is undergoing a significant transformation, driven by increasing domestic consumption, global supply chain diversification, and the growing preference for high-quality, engineered products. Atharva Polyplast has built a differentiated position through its integrated manufacturing capabilities, diversified end-market presence, and long-standing relationships with leading OEMs and Tier-1 customers."
Company Profile and Financial Performance
Incorporated in 2014, Atharva Polyplast Limited specializes in injection molding of complex, load-bearing, and aesthetic components, offering end-to-end manufacturing solutions from product design to testing. The company operates a state-of-the-art facility spanning 2,34,614 sq. ft. with 17 molding machines and a portfolio of over 300 products. It serves leading OEMs and Tier-1 suppliers with long-term business relationships.
For the fiscal year 2025, the company reported revenue from operations of ₹4,753.56 lakhs, EBITDA of ₹918.61 lakhs, and profit after tax (PAT) of ₹528.54 lakhs. For the ten-month period ended January 31, 2026 (10M FY26), the company reported revenue from operations of ₹4,242.16 lakhs, EBITDA of ₹836.27 lakhs, and PAT of ₹472.56 lakhs.
Disclaimer and Forward-Looking Statements
The company noted that certain statements in the document are forward-looking and subject to risks and uncertainties, including government actions, economic developments, and technological risks. Investors are advised to read the Red Herring Prospectus, including the section on risk factors, before making any investment decision. This announcement is not for release, publication, or distribution outside India.
