Atharva Polyplast is launching its SME IPO on June 30, with the subscription window open until July 2. The company has set a price band of ₹55 to ₹60 per share. Retail investors must invest a minimum of ₹2.40 lakh, which corresponds to two lots or 4,000 shares at the upper price band, according to livemint.com.
The IPO will be available for bidding on the BSE SME platform. The shares are currently trading at a premium of ₹10 in the grey market, indicating investor interest ahead of the public subscription. The company plans to use the net proceeds from the issue to fund capital expenditures and business expansion, as detailed by livemint.com.
This IPO adds to the growing list of SME listings on BSE, providing smaller companies access to capital markets. The price band and minimum investment align with typical SME IPO norms, making it accessible for retail investors seeking exposure to emerging firms. The ₹55-₹60 price band positions Atharva Polyplast competitively within the SME segment, reflecting market conditions and investor appetite, per livemint.com.
The IPO subscription period closes on July 2, after which the allotment process will begin. Investors can apply through the BSE SME platform during the three-day window starting June 30, as confirmed by livemint.com.