Atharva Polyplast Ltd.
SMEIssue details
Price band
₹55 - ₹60
Lot size
2,000 shares
Issue size
₹27 Cr
Min. investment
₹1,20,000
Registrar
MUFG Intime India
Grey market premium
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IPO Timeline
Open
30 Jun
Close
2 Jul
Allotment
3 Jul
Listing
7 Jul
- Refunds & demat credit
- 4 Jul 2026
- Mandate end
- 17 Jul 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 2,000shares 1 lot · ₹1,20,000 | 2,000shares 1 lot · ₹1,20,000 |
| HNI | 4,000shares 2 lots · ₹2,40,000 | No limit funds permitting |
Based on the upper price band of ₹60 and a lot of 2,000 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹26 Cr
42,74,000 shares
Shares pre-issue
1,23,49,998
Shares post-issue
1,68,49,998
Reservation
- QIB
- 21,30,000
- NII
- 6,44,000
- Retail
- 15,00,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 4.28 | 3.37 |
| P/E | 14.02 | 17.83 |
| Market cap | ₹74.10 Cr. | ₹122.08 Cr |
| KPI | Jan 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 30.74% | 51.00% |
| ROCE | 24.92% | 35.31% |
| Debt/Equity | 0.57 | — |
| RoNW | 26.65% | 40.63% |
| PAT Margin | 11.14% | 11.12% |
| EBITDA Margin | 19.71% | 19.32% |
| NAV | 14.36 | 10.53 |
| Price to Book Value | — | 5.70 |
Financials
| Metric | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total income | 43.9 | 49.06 | 43.09 | 46.82 |
| Profit after tax | 4.73 | 5.29 | 2 | 0.71 |
| EBITDA | 8.36 | 9.19 | 6.05 | 4.77 |
| Net worth | 17.73 | 13.01 | 7.72 | 5.72 |
| Assets | 42.54 | 30.88 | 32.66 | 32.92 |
| Reserves & surplus | 5.38 | 6.51 | 1.22 | -0.78 |
| Total borrowing | 10.04 | 7.91 | 13.59 | 16.16 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding Capital Expenditure of Company₹3 Cr
- 2.Repayment and/or pre-payment, in full or part, of borrowing availed by Company₹2.5 Cr
- 3.Funding working capital requirements of the Company₹13 Cr
- 4.General Corporate Purposes₹3.92 Cr
- 5.Issue expenses₹4.58 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Bai Kakaji Polymers Ltd.SME | ₹186 | 15.95 | ₹188.20 | +1.18% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.