Atharva Polyplast Ltd. Receives the BSE SME Approval for IPO
Atharva Polyplast Ltd. has successfully obtained in-principle approval from Initial Public Offer (IPO) for its Draft Red Herring Prospectus (DRHP), paving the way for its Initial Public Offering (ipo).
consists solely of fresh issue of 0.45 crore equity shares worth ₹27.00 crores. with each share carrying a face value of ₹10.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure of our Company | 3.00 |
| 2 | Repayment and/or pre-payment, in full or part, of borrowing availed by our Company | 3.00 |
| 3 | Funding working capital requirements of the Company | 13.00 |
| 4 | General Corporate Purpose |
The company officially filed its draft papers on September 29, 2025, marking another significant milestone in its journey towards raising funds through the IPO.
Financial Performance Highlights:
Atharva Polyplast Ltd.’s total income grew by 13%, reached ₹49.06 crore in Mar 31, 2025, compared to ₹43.09 crore in Mar 31, 2024.
For the same period, profit after tax jumped 164% to ₹5.29 crore, compared to ₹2.00 crore.
For the latest period ended on Jan 31, 2026, its total income stood at ₹43.90 crore and PAT stood at ₹4.73 crore.
