BSE List Price : ₹69.00

subscription

Category	Times
QIBs	3.58x
HNIs	22.97x
Retail	11.3x
Total : 10.81x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	4,000	₹240,000
Retail Maximum	2	4,000	₹240,000
S-HNI Minimum	3	6,000	₹360,000
S-HNI Maximum	8	16,000	₹960,000
B-HNI Minimum	9	18,000	₹1,080,000

About the Company

Atharva Poly-Plast Limited was incorporated in 2014 and converted into a public company in April 2025. Backed by the legacy of Prasad Plastics, founded in 1990, the company manufactures precision plastic components and assemblies for the office furniture, home appliance, and automotive sectors. Its advanced 240,000 sq. ft. manufacturing facility in Shirwal, Maharashtra, is equipped with modern moulding and assembly technologies and designed for future expansion. The company operates a SEDEX-audited facility, holds the GREENCO Gold Rating, and is committed to ethical manufacturing, sustainability, quality, and delivering end-to-end manufacturing solutions.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹46.82	₹46.02	₹0.71	₹32.92
2024	₹43.09	₹40.48	₹2.00	₹32.66
2025	₹49.06	₹42.51	₹5.29	₹30.88
Jan 2026	₹43.90	₹37.96	₹4.73	₹42.54

Company Promoter

Anujit Shivaji Darade

Shivaji Kisan Darade

Ashish Shivaji Darade

Know before investing

• • Strengths

  Established Customer Base : Maintains long-term associations with reputed customers across diverse industries, contributing to stable business operations, a diversified product portfolio, and sustained growth.

  Experienced Leadership Team : Guided by seasoned promoters and a skilled management team with extensive expertise in strategic planning, operations management, business development, and product innovation.

  Focus on Sustainable Manufacturing : Operates a GREENCO Gold-certified manufacturing facility and complies with ISO 14001:2015 environmental standards, demonstrating a strong commitment to sustainable operations and efficient resource utilization.

• • Risks

  Customer Concentration Risk : A substantial share of the company’s revenue is generated from a limited number of key customers. The loss of any major customer or a decline in order volumes could adversely affect its revenue and profitability.

  Regulatory Compliance Risk : The company’s operations are subject to various licenses, registrations, and statutory approvals. Any delay in obtaining, renewing, or maintaining these approvals may disrupt operations and impact financial performance.

  Reliance on OEM Outsourcing : The company’s business is significantly dependent on OEMs outsourcing the production of injection-moulded components. Any increase in in-house manufacturing by OEMs or a reduction in outsourcing demand could adversely impact sales and future growth.

Objects of the Issue & Utilisation of proceeds

Investment in the Company’s Capital Expenditure Requirements
Repayment and/or Partial or Full Prepayment of the Company’s Outstanding Borrowings
Meeting the Company’s Working Capital Needs
General Corporate Purposes

Company  Address

Atharva Polyplast Ltd. Address
W-163A,
S Block MIDC Bhosari
Pune, Maharashtra, 411026
Phone: +91- 94220-49184
E-Mail: info@atharvapolyplast.in
 

IPO Registrar

MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: atharvapolyplast.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

IPO Review

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