Atharva Polyplast IPO vs INDO SMC IPO

Comparison between Atharva Polyplast IPO and INDO SMC IPO.

IPO Details

Atharva Polyplast IPO is a SME Bookbuilding IPO proposed to list at BSE SME while INDO SMC IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Atharva Polyplast IPO is up to ₹25.64 Cr whereas the issue size of the INDO SMC IPO is up to ₹87.34 Cr. The final issue price of Atharva Polyplast IPO is ₹60.00 per share and of INDO SMC IPO is ₹149.00 per share.

 Atharva Polyplast IPOINDO SMC IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹55.00 per share₹141.00 per share
Issue Price (Upper)₹60.00 per share₹149.00 per share
Issue Price (Final)₹60.00 per share₹149.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size42,74,000 shares58,62,000 shares
Fresh Issue Size (Amount)up to ₹25.64 Crup to ₹87.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total42,74,000 shares58,62,000 shares
Issue Size Total (Amount)up to ₹25.64 Crup to ₹87.34 Cr

IPO Timetable

Atharva Polyplast IPO opens on Jun 30, 2026, while INDO SMC IPO opens on Jan 13, 2026. The closing date of Atharva Polyplast IPO and INDO SMC IPO is Jul 02, 2026, and Jan 16, 2026, respectively.

 Atharva Polyplast IPOINDO SMC IPO
Anchor Bid DateJun 29, 2026Jan 12, 2026
Issue OpenJun 30, 2026Jan 13, 2026
Issue CloseJul 02, 2026Jan 16, 2026
Basis Of Allotment (Tentative)Jul 03, 2026Jan 19, 2026
Initiation of Refunds (Tentative)Jul 06, 2026Jan 20, 2026
Credit of Share (Tentative)Jul 06, 2026Jan 20, 2026
Listing date (Tentative)Jul 07, 2026Jan 21, 2026
Anchor Lockin End date 1Aug 02, 2026Feb 15, 2026
Anchor Lockin End date 2Oct 01, 2026Apr 16, 2026

Financials & KPIs

Atharva Polyplast IPO P/E ratio is 14.02, as compared to INDO SMC IPO P/E ratio of 16.1.

 Atharva Polyplast IPOINDO SMC IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Jan 202631 Mar 202531 Mar 202431 Mar 2023
Assets42.5430.8832.6632.92
Total Income43.9049.0643.0946.82
Profit After Tax4.735.292.000.71
EBITDA8.369.196.054.77
NET Worth17.7313.017.725.72
Reserves and Surplus5.386.511.22-0.78
Total Borrowing10.047.9113.5916.16
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets147.6799.9436.3213.85
Total Income112.62138.7828.067.30
Profit After Tax11.4615.443.000.46
EBITDA17.1922.835.081.15
NET Worth47.1435.695.791.17
Reserves and Surplus30.4619.005.060.52
Total Borrowing49.3535.7617.7010.43
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10082.30
Promoter Shareholding (Post-Issue)73.2960.07
P/E Ratio14.0216.1
Market Cap₹101.10 Cr.₹340.54 Cr.
ROE51.0074.45
ROCE35.3131.39
Debt/Equity1.00
EPS₹4.28₹9.25
RoNW40.6343.27

Shares Offered

In the Atharva Polyplast IPO Retail Individual Investors (RII) are offered 15,00,000 shares while in INDO SMC IPO retail investors are offered 15,00,000 shares. Qualified Institutional Buyers (QIB) are offered 8,56,000 shares in Atharva Polyplast IPO and 11,72,000 shares in INDO SMC IPO.

 Atharva Polyplast IPOINDO SMC IPO
Anchor Investor Reservation12,74,000 shares17,56,000 shares
Market Maker Reservation2,26,000 shares3,09,000 shares
QIB8,56,000 shares11,72,000 shares
NII6,44,000 shares8,82,000 shares
RII15,00,000 shares20,52,000 shares
Employee0 shares0 shares
Others
Total42,74,000 shares58,62,000 shares

Bids Received (Subscription)

Atharva Polyplast IPO subscribed 7.54x in total, whereas INDO SMC IPO subscribed 77.39x.

 Atharva Polyplast IPOINDO SMC IPO
QIB (times)3.58x94.94x
NII (times)18.91x164.59x
Big NII (times)22.44x193.37x
Small NII (times)11.91x107.02x
RII (times)11.32x96.13x
Employee (times)
Other (times)
Total (times)7.54x77.39x

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