Atharva Polyplast IPO vs Utkal Speciality IPO

Comparison between Atharva Polyplast IPO and Utkal Speciality IPO.

IPO Details

Atharva Polyplast IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Utkal Speciality IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Atharva Polyplast IPO is up to ₹25.64 Cr whereas the issue size of the Utkal Speciality IPO is up to ₹32.80 Cr. The final issue price of Atharva Polyplast IPO is ₹60.00 per share and of Utkal Speciality IPO is ₹66.00 per share.

 Atharva Polyplast IPOUtkal Speciality IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹55.00 per share₹62.00 per share
Issue Price (Upper)₹60.00 per share₹66.00 per share
Issue Price (Final)₹60.00 per share₹66.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size42,74,000 shares49,70,000 shares
Fresh Issue Size (Amount)up to ₹25.64 Crup to ₹32.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total42,74,000 shares49,70,000 shares
Issue Size Total (Amount)up to ₹25.64 Crup to ₹32.80 Cr

IPO Timetable

Atharva Polyplast IPO opens on Jun 30, 2026, while Utkal Speciality IPO opens on Jun 10, 2026. The closing date of Atharva Polyplast IPO and Utkal Speciality IPO is Jul 02, 2026, and Jun 12, 2026, respectively.

 Atharva Polyplast IPOUtkal Speciality IPO
Anchor Bid DateJun 29, 2026
Issue OpenJun 30, 2026Jun 10, 2026
Issue CloseJul 02, 2026Jun 12, 2026
Basis Of Allotment (Tentative)Jul 03, 2026Jun 15, 2026
Initiation of Refunds (Tentative)Jul 06, 2026Jun 16, 2026
Credit of Share (Tentative)Jul 06, 2026Jun 16, 2026
Listing date (Tentative)Jul 07, 2026Jun 17, 2026
Anchor Lockin End date 1Aug 02, 2026
Anchor Lockin End date 2Oct 01, 2026

Financials & KPIs

Atharva Polyplast IPO P/E ratio is 14.02, as compared to Utkal Speciality IPO P/E ratio of 14.12.

 Atharva Polyplast IPOUtkal Speciality IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Jan 202631 Mar 202531 Mar 202431 Mar 2023
Assets42.5430.8832.6632.92
Total Income43.9049.0643.0946.82
Profit After Tax4.735.292.000.71
EBITDA8.369.196.054.77
NET Worth17.7313.017.725.72
Reserves and Surplus5.386.511.22-0.78
Total Borrowing10.047.9113.5916.16
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets48.6344.0437.6035.27
Total Income40.9050.2844.1546.23
Profit After Tax5.486.683.242.21
EBITDA7.769.226.194.23
NET Worth27.1221.649.956.07
Reserves and Surplus12.827.345.302.07
Total Borrowing17.1617.3725.4325.41
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.2973.20
P/E Ratio14.0214.12
Market Cap₹101.10 Cr.₹128.92 Cr.
ROE51.0035.42
ROCE35.3123.03
Debt/Equity0.80
EPS₹4.28₹4.67
RoNW40.6330.88

Shares Offered

In the Atharva Polyplast IPO Retail Individual Investors (RII) are offered 15,00,000 shares while in Utkal Speciality IPO retail investors are offered 15,00,000 shares. Qualified Institutional Buyers (QIB) are offered 8,56,000 shares in Atharva Polyplast IPO and 50,000 shares in Utkal Speciality IPO.

 Atharva Polyplast IPOUtkal Speciality IPO
Anchor Investor Reservation12,74,000 shares0 shares
Market Maker Reservation2,26,000 shares2,64,000 shares
QIB8,56,000 shares50,000 shares
NII6,44,000 shares19,68,000 shares
RII15,00,000 shares29,52,000 shares
Employee0 shares0 shares
Others
Total42,74,000 shares49,70,000 shares

Bids Received (Subscription)

Atharva Polyplast IPO subscribed 7.54x in total, whereas Utkal Speciality IPO subscribed 1.63x.

 Atharva Polyplast IPOUtkal Speciality IPO
QIB (times)3.58x1.12x
NII (times)18.91x0.94x
Big NII (times)22.44x0.96x
Small NII (times)11.91x0.90x
RII (times)11.32x2.10x
Employee (times)
Other (times)
Total (times)7.54x1.63x

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