Atharva Polyplast Ltd.
ATHARVASME
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Overview
Atharva Poly-Plast Limited manufactures precision plastic components for furniture, home appliances and automotive applications, supplying customized injection-moulded parts to OEMs and Tier-1 customers in India and overseas. Atharva Poly-Plast operates an owned manufacturing facility in Satara, Maharashtra with over 17 moulding machines ranging from 100T to 1000T, in-house quality control, tool development capabilities and certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and SMETA. Its product portfolio includes office chair components, refrigerator and air-conditioner parts, and two-wheeler plastic assemblies, supported by experienced promoter management and a growing export presence in North America.
Opening Date
Jun 30, 2026
Closing Date
Jul 02, 2026
Listing Date
Jul 07, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
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Fresh Issue
0 Cr
Offer for Sale
0 Cr
Price Band
—
Lot Size
—
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to strengthen Atharva Poly-Plast Limited's manufacturing capacity, balance sheet and working capital base for future growth.
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Funding capital expenditure for new moulds and related machinery to expand production and testing capabilities for precision plastic components, particularly for furniture and other application-specific products, thereby supporting higher output, improved tooling capability and enhanced customer servicing.
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Repayment and/or prepayment, in full or part, of certain outstanding borrowings availed by the company from its lender, which is expected to reduce leverage, lower debt servicing costs and improve financial flexibility for future business expansion.
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Funding the company's incremental working capital requirements to support higher inventory, receivables and operating scale as the business expands across furniture, home appliances and automotive segments, while also releasing internal accruals for growth opportunities.
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Meeting general corporate purposes, including routine strategic and business requirements that support operations, corporate development, brand visibility and overall business growth, subject to applicable regulatory limits.
Key Performance Indicator
P/E Ratio
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EPS
4.28
ROE
30.74%
ROCE
24.92%
RONW
26.65%
Debt to Equity Ratio
—
PAT Margin
11.14%
EBITDA Margin
19.71%
P/B
—
SWOT Analysis
Strengths
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Diversified precision plastic component portfolio across furniture, home appliances and automotive applications reduces reliance on a single segment.
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Owned manufacturing facility with over 17 moulding machines, in-house quality control and tool development supports scale, customization and operational control.
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Long-standing relationships with established customers and repeat business provide revenue visibility and credibility with OEM-oriented clients.
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Strong certifications and sustainability positioning, including ISO standards, SMETA audit and GreenCo Gold rating, enhance acceptance with global and quality-focused customers.
Weaknesses
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Revenue concentration remains high with top customers contributing a substantial share of revenue, exposing the business to customer concentration risk.
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Operations are largely concentrated in a single manufacturing facility in Maharashtra, creating location-specific operational dependency.
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The company operates in a competitive plastic moulding industry where pricing pressure can affect margins, especially in tender- or OEM-driven supply arrangements.
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Business performance is sensitive to fluctuations in raw material prices such as polypropylene, ABS and other polymers, which can impact profitability.
Opportunities
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Growing demand for lightweight and cost-effective plastic components in automotive, home appliance and modular furniture sectors can expand addressable markets.
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IPO-funded machinery purchase and working capital support can help scale production, improve turnaround and deepen participation in higher-value customer programs.
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Expansion in exports and relationships with multinational customers may support geographic diversification and entry into new regulated or premium markets.
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Industry trends toward customized moulded products, supplier consolidation and import substitution create opportunities for quality-compliant domestic manufacturers.
Threats
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Changes in environmental regulations and plastic waste management norms may increase compliance costs and require changes in material usage or processes.
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Economic slowdowns, geopolitical instability and volatility in financial markets can weaken end-user demand from furniture, appliances and automotive sectors.
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Dependence on a limited number of major suppliers and external raw material price volatility may disrupt production or compress margins.
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Outstanding litigation, regulatory proceedings or adverse compliance outcomes could increase costs and affect reputation, cash flows or business prospects.
Subscription Rate
Frequently Asked Questions about Atharva Polyplast Ltd.
Atharva Poly-Plast Limited manufactures precision plastic components for furniture, home appliances and automotive applications, supplying customized injection-moulded parts to OEMs and Tier-1 customers in India and overseas. Atharva Poly-Plast operates an owned manufacturing facility in Satara, Maharashtra with over 17 moulding machines ranging from 100T to 1000T, in-house quality control, tool development capabilities and certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and SMETA. Its product portfolio includes office chair components, refrigerator and air-conditioner parts, and two-wheeler plastic assemblies, supported by experienced promoter management and a growing export presence in North America.
The Atharva Polyplast Ltd. IPO is scheduled to open for subscription on Jun 30, 2026 and close on Jul 02, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Atharva Polyplast Ltd. IPO is yet to be announced. Investors can place bids within this range once the issue opens.
The minimum lot size for the Atharva Polyplast Ltd. IPO is yet to be announced shares. The minimum investment amount will be known once the price band is finalized.
The total issue size of the Atharva Polyplast Ltd. IPO is will be disclosed closer to the issue opening. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Atharva Polyplast Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Atharva Polyplast Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Atharva Polyplast Ltd. are expected to list on stock exchanges on Jul 07, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Atharva Polyplast Ltd. IPO are proposed to be used for The main objectives of the issue are to strengthen Atharva Poly-Plast Limited's manufacturing capacity, balance sheet and working capital base for future growth., Funding capital expenditure for new moulds and related machinery to expand production and testing capabilities for precision plastic components, particularly for furniture and other application-specific products, thereby supporting higher output, improved tooling capability and enhanced customer servicing., Repayment and/or prepayment, in full or part, of certain outstanding borrowings availed by the company from its lender, which is expected to reduce leverage, lower debt servicing costs and improve financial flexibility for future business expansion., Funding the company's incremental working capital requirements to support higher inventory, receivables and operating scale as the business expands across furniture, home appliances and automotive segments, while also releasing internal accruals for growth opportunities., Meeting general corporate purposes, including routine strategic and business requirements that support operations, corporate development, brand visibility and overall business growth, subject to applicable regulatory limits.
Before applying for the Atharva Polyplast Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
