Atharva Polyplast Ltd
Atharva Polyplast Ltd is a BSE SME IPO offering fresh equity shares worth ₹27 crore, with the issue open from June 30 to July 2, 2026, and a tentative listing date of July 7, 2026. The company manufactures precision plastic components via injection moulding, serving the furniture, home appliances, and automotive sectors.
Overview
About the Company
Atharva Polyplast Ltd is a precision plastic component manufacturer that provides end-to-end manufacturing solutions through both OEM and ODM business models. The company employs advanced injection moulding techniques using materials such as polypropylene (PP), ABS, HDPE, and engineering polymers. Its product range includes precision mould bases, moulding patterns, and tooling components used across the plastic processing, rubber moulding, automotive, electrical appliances, and furniture industries. Serving OEMs and Tier-1 suppliers domestically and internationally (including exports to North America), the company supports clients from mould design and prototyping through to final production and quality assurance. Its manufacturing facility in Satara (and MIDC Bhosari, Pune), Maharashtra, spans approximately 2,34,614 sq. ft. with 40,000 sq. ft. of production space housing over 17 moulding machines ranging from 100T to 1000T. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Funding capital expenditure for business expansion and capacity enhancement (estimated ₹3 crore).
- › Repayment or pre-payment, in full or in part, of existing borrowings of the company (estimated ₹3 crore).
- › Financing incremental working capital requirements of the company (estimated ₹13 crore).
- › Meeting general corporate purposes (remaining net proceeds).
✅ Strengths
- ✓ The company delivers complete manufacturing solutions via both OEM and ODM business models, enabling it to serve customers at every stage from design to delivery.
- ✓ It specialises in injection moulding using a wide range of polymers (PP, ABS, HDPE, engineering polymers), allowing it to produce diverse precision components.
- ✓ Its client base spans multiple end-use industries including furniture, home appliances, automotive, electrical appliances, and plastic/rubber processing.
- ✓ The company has made inroads into international markets and has initiated exports to North America, expanding its revenue geography.
- ✓ It holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, reflecting strong standards in quality, environmental management, and workplace safety.
- ✓ Its promoters and management team have considerable experience in the plastics manufacturing sector, supporting operational and strategic decision-making.
⚠️ Risks
- ! There is outstanding civil litigation against the company seeking recovery of dues along with interest, which could result in financial liability.
- ! The company has a pending registration under the Maharashtra Shops and Establishments Act, representing a regulatory compliance gap.
- ! As of the RHP date, the company does not hold any registered trademark, which may limit its ability to protect its brand identity.
- ! Certain licences and regulatory approvals are still being updated to reflect the company's new public company name, creating transitional compliance risk.
- ! The company's registered office is located on leased premises, making ongoing operations partly dependent on lease renewal and continuity.