Atharva Polyplast’s initial public offering began trading on Tuesday, June 30, with the issue 67% subscribed by midday.
The SME IPO, which will remain open for subscription until Thursday, July 2, is priced in the band of ₹55 to ₹60 per equity share, with a face value of ₹10.
The company, a manufacturer of precision plastic components for various industries, is seeing early demand that suggests robust investor interest in the small-cap segment.
The subscription figure indicates that nearly two-thirds of the available shares have been claimed in the first session of bidding.
This offering comes as activity in the Indian SME IPO market remains active.
Recent issues have seen varying levels of demand, with some companies like Advit Jewels attracting intense interest from qualified institutional buyers.