Atharva Poly-Plast Ltd IPO

Atharva Polyplast is a manufacturer of precision plastic components used in industries such as furniture, home appliances, and automotive assemblies. The company primarily manufactures injection-molded components using polypropylene (PP), ABS, HDPE, and engineering polymers. It undertakes both contract manufacturing and co-development projects, offering support from mold design and prototyping to production and quality validation. Its manufacturing facility, commissioned in 2015, spans 234,614 sq. ft., including 40,000 sq. ft. of production space, and houses over 17 molding machines with capacities ranging from 100T to 1,000T. The company maintains an in-house quality control system and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. It is led by promoters and directors with experience in plastic product manufacturing and business operations. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding capital expenditure of the company – Rs 3.00 crore Repayment and/or pre-payment, in full or part, of borrowing availed by the company – Rs 3.00 crore Funding the working capital requirements of the company – Rs 13.00 crore General corporate purposes ;