Atharva Polyplast IPO Subscribed 10.67 Times on Day 3

No image 5paisa Capital Ltd - 2 min read

Last Updated: 2nd July 2026 - 05:28 pm

Atharva Polyplast Limited's initial public offering (IPO) closed its three-day subscription window at 10.67 times overall subscription by 4:49 PM on Day 3 (July 2, 2026). The ₹27.00 crore book-build issue, priced at ₹55 to ₹60 per share, received bids for 3,20,04,000 shares against 30,00,000 shares on offer, with total applications reaching 5,149.

Subscription Status of Atharva Polyplast IPO

Date QIB NII Individual Total
Day 1 (June 30) 0.19 2.56 1.89 1.55
Day 2 (July 1) 1.18 2.70 2.84 2.34
Day 3 (July 2) 3.58 18.96 11.17 10.67

Here are the subscription details for Atharva Polyplast IPO Day 3, as of 5:04 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount 
(₹ Cr.)
Anchor Investors 1.00 12,74,000 12,74,000 7.64
Market Mker 1.00 2,26,000 2,26,000 1.36
QIB (Ex-Anchor) 3.58 8,56,000 30,62,000 18.37
NII 18.96 6,42,000 1,21,70,000 73.02
Individual 11.17 15,02,000 1,67,72,000 100.63
Total 10.67 30,00,000 3,20,04,000 192.02

Key Highlights – Day 3

  • Overall subscription surged to 10.67 times on the final day, from Day 2's 2.34 times, driven by a sharp last-day surge across all investor categories.
  • Non-institutional investors led at 18.96 times, surging from Day 2's 2.70 times, with bNII at 22.44 times and sNII at 11.99 times, reflecting strong HNI demand for this precision plastic components SME IPO.
  • Individual investors surged to 11.17 times from Day 2's 2.84 times.
  • Qualified institutional buyers (ex-anchor) crossed full subscription at 3.58 times, surging from Day 2's 1.18 times.

Key Highlights – Day 2

  • Overall subscription reached 2.34 times, improving from Day 1's 1.55 times.
  • Individual investors improved to 2.84 times from Day 1's 1.89 times.
  • Non-institutional investors improved to 2.70 times from Day 1's 2.56 times, with sNII at 3.69 times and bNII at 2.20 times.
  • Qualified institutional buyers (ex-anchor) crossed full subscription at 1.18 times, improving from Day 1's 0.19 times.

Key Highlights – Day 1

  • Overall subscription crossed full subscription at 1.55 times on Day 1 (June 30, 2026), reflecting strong initial investor interest in this precision plastic components SME IPO.
  • Non-institutional investors led opening participation at 2.56 times, with sNII at 3.03 times and bNII at 2.33 times on Day 1.
  • Individual investors crossed full subscription at 1.89 times on Day 1.
  • Qualified institutional buyers (ex-anchor) showed subdued participation at 0.19 times on Day 1.
  • Anchor investors fully subscribed their allocation of ₹7.64 crores on June 29, 2026.

About Atharva Polyplast Limited

Atharva Polyplast Limited manufactures precision plastic components through injection moulding using polypropylene, ABS, HDPE, and engineering polymers, serving OEMs and Tier-1 suppliers in the furniture, home appliances, and automotive industries. The company operates a 2,34,614 sq. ft. facility with over 17 moulding machines ranging from 100T to 1000T, and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Its operations are B2B focused, covering mould design, prototyping, final production, and quality assurance.

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