Shakti Polytarp Limited
Bookbuilding IPO · BSE
- Price band
- ₹56 - ₹59
- Lot size
- 2,000 shares
- Issue amount
- ₹26.92 cr
- Total subscription
- 11.94×
- Opens
- 15 Sept 2026
- Closes
- 17 Sept 2026
- Allotment
- 18 Sept 2026
- Listing
- 22 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 45,64,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,12,000
- Fresh issue
- ₹26.92 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,18,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 4,56,000
- Shares after issue
- 9,12,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 4,000 | ₹2,36,000 |
| sHNI | 3 | 6,000 | ₹3,54,000 |
| bHNI | 9 | 18,000 | ₹10,62,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 17 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 12 |
| NIB | 0 | 528 |
| RETAIL | 395 | 1,626 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 152 | 241 |
| HNIs (2-10L) | 76 | 287 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.33 | 163.8 |
| FIIs | 0 | 27.65 |
| Others | 0 | 136.04 |
| RETAIL | 9.32 | 38.37 |
| HNIs 2+ | 2.69 | 10.9 |
| HNIs 10+ | 5.38 | 34.26 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 8 | 4.09 | 0.96 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 44.04 | 34.68 | 10.79 |
| PRE IPO(PE) | 7.38 | 0 | 0 |
| POST IPO(PE) | 10.05 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Shakti Polytarp Limited | 7.38 | 59.00 | 10 | 22.18 | 44.04 | 8 |
| Commercial Syn Bags Limited | 43.93 | 296.5 | 10 | 43.03 | 16.86 | 6.75 |
| Shree Tirupati Balajee Agro Trading Company Limited | 24.26 | 26.2 | 10 | 31.61 | 3.49 | 1.08 |
Company information
Company profile
Shakti Polytarp Limited, incorporated in March 2018, is engaged in manufacturing tarpaulins and other plastic-based products, including shade nets. Its tarpaulins are durable and water-resistant sheets used to protect goods, equipment and materials from rain, moisture, sunlight and other environmental conditions. The Company manufactures these products using materials such as Polypropylene (PP), LLDPE, LDPE and HDPE and offers them in different sizes, colours, thicknesses and specifications based on customer requirements, with a focus on six-layer and eight-layer tarpaulins. Its products are marketed under the “Dinotarp” brand and are used across agriculture, construction, automotive, transportation and logistics, consumer goods and other industries. The Company mainly follows a B2B model, supplying bulk orders to businesses and industrial customers while also serving B2C customers. It also trades in plastic granules used as raw materials and provides customised product designs based on specific applications. Shakti Polytarp operates a manufacturing facility in Nimrani, Khargone, Madhya Pradesh, spread across approximately 1,98,450 sq. ft., equipped with modern extrusion, lamination, weaving, sealing and recycling machinery, with production capabilities ranging from 70 GSM to 450 GSM. As of June 30, 2026, the Company had 114 permanent employees, with most engaged in operations and manufacturing.
Strengths
- Established Client Relationships: The company has built strong relationships with customers across different industries, supporting its B2B business model and recurring bulk orders.
- Product Customisation Capabilities: Shakti Polytarp offers tarpaulins in various sizes, colours, thicknesses and specifications. Its ability to customise products helps meet different customer and application requirements.
- Experienced Management Team: The company has an experienced and qualified management team with knowledge of manufacturing and operations, supporting efficient production and overall business management.
Risk factors
- Dependence on Tarpaulin & Granule Sales: A significant portion of revenue comes from tarpaulin manufacturing and plastic granule trading. Any loss of existing customers or difficulty in attracting new customers could affect revenue and financial performance.
- Leased Registered Office & Manufacturing Facility: The company’s registered office and manufacturing facility are located on leased premises. Termination or non-renewal of these agreements could disrupt operations and affect the business.
- Manufacturing Capacity Utilisation: The company has experienced under-utilisation of its manufacturing facility in the past. Failure to efficiently use existing or planned capacity could increase costs and negatively affect future growth and financial performance.
Promoters
Ravi Singhal
Vivek Singhal
Trisha Singhal
Priyal Singhal
Registrar & documents
Lead manager
NEXGEN Financial Solutions Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shakti Polytarp Ltd., Shop No. 4, 4/1, Nayapura Main Road, Indore, Madhya Pradesh, 452009
+91-9826648050
[email protected]Company website ↗Understanding SHAKTIPOLY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.