Atharva Polyplast has fixed the price band for its initial public offering at ₹55 to ₹60 per share, with the issue opening for subscription on Tuesday, 30 June.
The SME IPO will remain open until Thursday, 2 July, allowing investors a three-day window to bid for shares in the plastic packaging manufacturer's debut listing.
Grey market sentiment appears positive ahead of the launch, with shares trading at a premium of ₹10 over the upper end of the price band.
This indicates early investor interest in the company, which is seeking to raise capital through the BSE SME platform.
The grey market premium suggests that traders expect the shares to list at a higher valuation than the issue price, a common occurrence in the current Indian SME IPO cycle.
The offering comes amid a broader surge in activity on India's SME exchange platforms.