Shakti Polytarp Limited IPO
Closed15–17 Sep 2026
Latest update:
Subscribed 11.94× (QIB 49.2× · NII 5.6× · Retail 4.1×) · Price band ₹56–₹59 · Closed 17 Sep 2026 · Allotment 18 Sep 2026 (Confirmed) · Lists 22 Sep 2026 (Expected)
What Shakti Polytarp Limited does
Our Company is engaged in the production of tarpaulins, which are water-resistant materials designed to safeguard goods from rain, moisture, and other weather-related exposure. These tarpaulins are typically manufactured from raw materials such as polyethylene, polypropylene, and granules, and are available in various sizes and thicknesses depending on their specific application.
Shakti Polytarp Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 62 | 166 | 216 | |
| Operating Profit | 4 | 11 | 19 | |
| OPM % | 6.2% | 6.4% | 8.9% | |
| Net Profit | 1 | 5 | 10 | |
| Total Debt | 24 | 48 | 73 |
Shakti Polytarp Limited IPO offer structure
Fresh issue: ₹27 cr
The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Capital Expenditure: ₹21 cr
- General Corporate Purposes
Shakti Polytarp Limited promoters and holding
- Mr. Ravi Singhal: Managing Director
- Mr. Vivek Singhal: Executive Director
- Mrs. Trisha Singhal: Chairperson & Executive Director
- Mrs. Priyal Singhal: Chief Executive Officer
Shakti Polytarp Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Diverse Usage of products (p.185)
- In-house manufacturing facility (p.185)
- Experienced and Qualified management team (p.185)
- Established client relationship (p.185)
- Our business is substantially dependent on revenues from the manufacturing of tarpaulin and the trading of granules, and any inability to retain existing customers or attract new customers for these products may adversely affect our business. (p.26)
- The property used by the company as its registered office and manufacturing facility are not owned by the company. Any termination of the relevant lease/ rent agreements could adversely affect our operations. (p.27)
- Under-utilization of our manufacturing facility in earlier periods and any inability to effectively utilize our existing and proposed manufacturing capacity may adversely affect our business, future prospects and financial performance (p.28)
- Our major revenue is sourced from manufacturing of Tarpulin. Our inability or failure to manage and attract more clients for this product could adversely affect our business. (p.29)
- We will avail capital subsidy under the Madhya Pradesh MSME Promotion Scheme, 2025 in respect of investments made in plant and machinery, the utilisation of which is subject to half yearly monitoring by our Audit Committee. However, there can be no assurance that such subsidy will be received in a timely manner or at all. (p.30)
Shakti Polytarp Limited peer comparison: DRHP median P/E 34.1x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Commercial Syn Bags Limited | Rs 292.5 -1.8% | 39.7x | 14.7% | 24.1% | live |
| Shree Tirupati Balajee Agro Trading Company Ltd | Rs 24.99 +1.0% | 21.0x | 6.8% | 3.2% | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Shakti Polytarp Limited market and competition
Shakti Polytarp Limited is positioned as an emerging manufacturer in India’s petrochemicals, polymers, and protective materials value chain, with a clear specialization in tarpaulins and allied plastic-based products. Through its flagship brand ‘Dinotarp’, the Company has built market recognition as a provider of durable, versatile, and quality-certified protective solutions.
Shakti Polytarp Limited outlook, as the document states it
The tarpaulin industry in India is positioned for strong growth, supported by a combination of resilient demand drivers, upstream polymer availability, and policy reforms. In agriculture, tarpaulins are increasingly used for crop protection, silage covering, grain storage, and water conservation. Overall, the Indian tarpaulin industry is projected to sustain growth, well above the global average of 4.96%.
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Shakti Polytarp Limited IPO: common questions
When does the Shakti Polytarp Limited IPO open and close?
The Shakti Polytarp Limited IPO is open from 15 Sep 2026 to 17 Sep 2026.
What is the Shakti Polytarp Limited IPO price band?
The price band is ₹56–₹59 per share.
What is the lot size and minimum investment for the Shakti Polytarp Limited IPO?
One lot is 2000 shares, and a retail application must be at least one lot. That is about ₹2,36,000 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the Shakti Polytarp Limited IPO subscribed?
As of 18 Sep 2026 the total subscription is 11.94×.
When are the Shakti Polytarp Limited IPO allotment and listing dates?
Allotment is on 18 Sep 2026, as published. The listing date follows once the exchange confirms it.
How do I check the Shakti Polytarp Limited IPO allotment status?
On the allotment status page published by Skyline Financial Services, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 709 SME IPOs that have listed on the NSE since 2016, 561 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.
Shakti Polytarp Limited IPO allotment status
Allotment is on 18 Sep 2026, as published. Allotment is decided and published by the registrar, not by us. This issue's registrar is Skyline Financial Services.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →