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Atharva Poly-Plast Ltd
Plastic productsIPOSME
₹60 - 60
Our Company is a manufacturer of precision plastic components with a growing presence across key industrial verticals including furniture, home appliances, and automotive assemblies. Our focus is on injection moulded components, primarily made from polypropylene (PP), ABS, HDPE, and engineering polymers. We support both B2B manufacturing contracts and co-development projects, providing full-cycle support from mould design and prototyping to final production and QA validation.
Lot2,000Min Invest₹2,40,000Face Value₹10Issue Size₹27 CrFresh Issue₹27 CrListing Price₹69CMP₹116
Timeline
30 Jun
Bidding opens
2 Jul
Bidding closes
3 Jul
Allotment
3-6 Jul
Refund & demat credit
7 Jul
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹27 Cr0.45 Cr shares
Fresh Issue₹27 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 49.84% · NII 15.02% · RETAIL 35.14%
Application Sizes
Retail₹2,40,0001-1 lots
sNII₹2,40,000from 2 lots
bNII₹10,80,000from 9 lots
Managers & Registrar
Lead ManagerHorizon Management Private Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%73.29%Public0.01%26.71%
Objects of the Issue
- Funding Capital Expenditure of the Company
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company
- Funding working capital requirements of the Company
- General corporate purposes
Anchor Book
Bid Date29-Jun-2026Shares12,74,000Amount₹8 Cr30-day lock-in01-Aug-202690-day lock-in30-Sep-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 45 | 41 | 48 | 54 |
| Operating ProfitCr | 3 | 4 | 8 | 10 |
| OPM% | 7.3 | 10.5 | 16.2 | 17.9 |
| PBTCr | 1 | 3 | 6 | 8 |
| PATCr | 1 | 2 | 5 | 6 |
| EPS | 1 | 2 | 4 | 5 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 7 | 7 | 7 | 12 |
| ReservesCr | -1 | 1 | 7 | 7 |
| BorrowingsCr | 16 | 14 | 8 | 10 |
| Total AssetsCr | 33 | 33 | 31 | 44 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 8 | 3 | 7 | 2 |
| Investing Cash FlowCr | -2 | 1 | 2 | -2 |
| Financing Cash FlowCr | -5 | -4 | -7 | 0 |
| Net Cash FlowCr | 1 | 0 | 2 | -1 |
Strengths & Risks
Strengths · as stated in the DRHP
- Product Spectrum & Portfolio.
- Strong Promoters and Board of Directors.
- Experienced and Skilled Execution Team.
- Ensuring Satisfactory Customer Experience through high quality products.
Strategies · as stated in the DRHP
- Sourcing Strategy.
- Pricing and Negotiation Strategy.
- Quality Management Strategy.
- Inventory Management Strategy.
- Supply Chain Risk Management Strategy.
Risks · as stated in the DRHP
- The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may has a material adverse effect on the company profitability and results of operations.
- The Company is dependent on a few suppliers for purchases of raw materials. The loss of any of these suppliers may affect its business operations.
- The company requires certain approvals and licenses in the ordinary course of business and the failures to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.
- The company has experienced negative cash flows in relation to its investing activities and financing activities for the Fiscal Year 2025, 2024 and 2023 and the Stub period. Any negative cash flows in the future would adversely affect the company results of operations and financial condition.
- The Company generates majority of its revenue from manufacturing i.e. by way of injection moulding. If the company customers does not continue to outsource manufacturing, or if there is a downward trend in OEM business, its sales could be adversely affected.
- Any increase in the cost of the company raw material or a shortfall in the supply of its raw materials including volatility in the pricing and availability of polymer-based raw materials, may adversely affect the pricing and supply of the company products and has an adverse effect on its business, results of operations and financial condition.