Shakti Polytarp IPO
GMP, Subscription, Price, Dates & Financial Details
Power and Energy
Incorporated in March 2018, Shakti Polytarp Limited is engaged in the manufacturing of tarpaulins and other plastic-based products, including shade nets. Tarpaulins are water-resistant and durable sheets used for protecting goods, equipment and other materials from rain, moisture, sunlight and…
Open Date
Tue, 15 Sep 2026
Close Date
Thu, 17 Sep 2026
Price Band
₹ 56 – 59
Lot Size
2000
Issue Size
₹ 26.93 Cr
Minimum Investment
₹ 236,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shakti Polytarp IPO is set to open its Initial Public Offering (IPO) for subscription on September 15, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹26.93 Crore, comprising a fresh issue of 45.64 Lakh equity shares aggregating to ₹26.93 Crore.
The Shakti Polytarp IPO will open for subscription on September 15, 2026, and close on September 17, 2026. The basis of allotment is expected to be finalized on September 18, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on September 22, 2026.
The company has fixed the price band at ₹56 to ₹59 per share, with a lot size of 2000 shares. Retail investors will require a minimum investment of ₹236,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd is the registrar to the issue. NEXGEN Financial Solutions Pvt. Ltd. are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Shakti Polytarp IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 17, 2026.
Shakti Polytarp IPO Timeline (Tentative)
- IPO Open Date
- Tue, 15 Sep 26
- IPO Close Date
- Thu, 17 Sep 26
- Basis of Allotment
- Fri, 18 Sep 26
- Initiation of Refunds
- Mon, 21 Sep 26
- Credit of Shares to Demat
- Mon, 21 Sep 26
- Listing Date
- Tue, 22 Sep 26 — BSE
Open Date
15 September 2026
Close Date
17 September 2026
Basis Of Allotment
18 September 2026
Listing Date
22 September 2026
IPO Subscription
Check Live Subscription →The Shakti Polytarp IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 15 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 15,80,000 shares, representing 36.46% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,64,000 shares (13.01%), while Non-Institutional Investors (NIIs) receive 13,68,000 shares (31.56%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 822,000 | 18.97% |
| Qualified Institutions | 564,000 | 13.01% |
| Non-Institutional | 1,368,000 | 31.56% |
| BNII | 912,000 | 21.04% |
| SNII | 456,000 | 10.52% |
| Retail Investors | 1,580,000 | 36.46% |
| Total | 4,334,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 110.12 | 71.39 | 40.29 |
| Revenue | 216.1 | 166.5 | 62.23 |
| Profit After Tax | 10.06 | 4.97 | 0.98 |
| Net Worth | 27.86 | 17.8 | 10.84 |
| Reserve & Surplus | 15.3 | 5.24 | 5.13 |
| Total Borrowings | 72.51 | 48 | 23.36 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shakti Polytarp Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 44.04 | 34.68 | 10.79 |
| ROCE % | 17.87 | 14.87 | 8.87 |
| Debt / Equity | 2.6 | 2.7 | 2.18 |
| RoNW % | 44.04 | 34.68 | 10.79 |
| Pat Margin % | 4.66 | 2.99 | 1.58 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Shakti Polytarp Limited | 10 | 0 | 8 | 8 | 44.04 | 22.18 |
| Commercial Syn Bags Ltd | 10 | 43.93 | 6.75 | 6.75 | 16.86 | 43.03 |
| Shree Tirupati Balajee Agro Trading Company Ltd | 10 | 24.26 | 1.08 | 1.08 | 3.49 | 31.61 |
About Shakti Polytarp Limited
Incorporated in March 2018, Shakti Polytarp Limited is engaged in the manufacturing of tarpaulins and other plastic-based products, including shade nets. Tarpaulins are water-resistant and durable sheets used for protecting goods, equipment and other materials from rain, moisture, sunlight and other environmental conditions.
The Company manufactures tarpaulins using Polypropylene (PP) granules and various grades of polyethylene, including Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE). Its products are available in a wide range of sizes, colours, thicknesses and specifications to meet specific customer requirements. The Company particularly focuses on the manufacturing of durable six-layer and eight-layer tarpaulins. Its products are marketed under the “Dinotarp” brand and cater to diverse applications across industries such as agriculture, construction, automotive, transportation and logistics, consumer goods and other sectors.
The Company primarily follows a B2B business model, supplying its products through bulk orders to businesses and industrial customers, while also serving the B2C segment. In addition to manufacturing tarpaulins, the Company is engaged in the sale of plastic granules, which are used as raw materials in the production process. It also offers design and customisation options based on the specific requirements and intended applications of its products.
The Company operates an integrated manufacturing facility located at Nimrani, Khargone, Madhya Pradesh, spread across approximately 1,98,450 sq. ft. The facility is equipped with high-speed extrusion tapelines, extra-wide extrusion lamination machines, high-speed wide-width circular looms, high-strength sealing machines and recycling machines. The integrated machinery, supported by in-built software systems, facilitates production efficiency, process accuracy and quality control. The facility has the capability to manufacture tarpaulins ranging from 70 GSM to 450 GSM.
As of June 30, 2026, the Company had 114 permanent employees, with the majority of its workforce engaged in operations and manufacturing activities.
Shakti Polytarp IPO Promoters
Ravi Singhal
Vivek Singhal
Trisha Singhal
Priyal Singhal
Promoters Holding
Holding Pre Issue
90.90%
Holding Post Issue
66.67%
Shakti Polytarp IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
Capital Expenditure
General Corporate Purposes
Shakti Polytarp Limited Address / Contact Details
Shakti Polytarp Ltd.
Shop No. 4, 4/1
Nayapura Main Road
Indore, Madhya Pradesh, 452009
TelephoneL: +91-9826648050
Email: md@shaktipolytarp.com
Website: https://shaktipolytarp.com/
IPO Snapshot
Shakti Polytarp IPO Lot Size
The Shakti Polytarp IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,36,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,36,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 236,000.00 |
| Retail (Max) | 2 | 4,000 | 236,000.00 |
| S-HNI (Min) | 3 | 6,000 | 354,000.00 |
| S-HNI (Max) | 8 | 16,000 | 944,000.00 |
| B-HNI (Min) | 9 | 18,000 | 1,062,000.00 |
Issue Reservation
- Anchor Investors — 18.97%
- QIB — 13.01%
- NII — 31.56%
- RII — 36.46%
Book Running Lead Managers
- NEXGEN Financial Solutions Pvt. Ltd.
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shakti Polytarp IPO?
Shakti Polytarp IPO is a Book-building IPO with a total issue size of ₹26.93 crore. The Shakti Polytarp IPO price band is ₹56 to 59 per share. The Shakti Polytarp IPO subscription opens on Tue, Sep 15, 2026, and closes on Thu, Sep 17, 2026. The Shakti Polytarp IPO will be listed on the BSE. Skyline Financial Services Private Ltd is the registrar for the Shakti Polytarp IPO.
When will the Shakti Polytarp IPO open for subscription?
The Shakti Polytarp IPO opens on Tue, Sep 15, 2026 and closes on Thu, Sep 17, 2026
What is Shakti Polytarp IPO Price Band?
Shakti Polytarp IPO Price Band is ₹56 to 59 per share.
What is Shakti Polytarp IPO Lot Size?
Shakti Polytarp IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹236000 based on the upper price band
What is the minimum investment for Shakti Polytarp IPO?
The minimum investment for Shakti Polytarp IPO is ₹236000, based on one lot of 2000 shares at the upper price band of ₹59 per share.
How to apply for Shakti Polytarp IPO?
Investors can apply for the Shakti Polytarp IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 17, 2026. The application amount remains blocked until the Shakti Polytarp IPO allotment is finalized.
What is Shakti Polytarp IPO Issue Size?
Shakti Polytarp IPO issue size is ₹26.93 crores.
What is the Shakti Polytarp IPO Allotment Date?
Shakti Polytarp IPO allotment date is Fri, Sep 18, 2026.
Who is the Shakti Polytarp IPO Registrar?
The registrar for Shakti Polytarp IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Shakti Polytarp IPO allotment status, refund processing, and other IPO-related information.
Who is the Shakti Polytarp IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shakti Polytarp IPO are NEXGEN Financial Solutions Pvt. Ltd.. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shakti Polytarp IPO Red Herring Prospectus (RHP).