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Shakti Polytarp IPO Latest News: GMP, Subscription Status, Price and Key Details
Shakti Polytarp IPO is a ₹26.93 crore BSE SME issue priced at ₹56–₹59 per share. The IPO o...
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S
SME IPO
LISTED
BSE SME
SHAKTIPOLY
Shakti Polytarp IPO
Shakti Polytarp IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹6
+10.2%
Est. Listing: ₹65.00
Price Band
₹56 - ₹59
Per equity share
Lot Size
2000 Shares
Min Invest: ₹2,36,000
Issue Size
₹26.93 Cr
Fresh: ₹26.93 Cr
Issue Dates
14 September 2026 – 16 September 2026
Bidding period
Subscription
11.2x
Total overall demand
Shakti Polytarp IPO Details
Key facts at a glance| IPO Open Date | 14 September 2026 | IPO Close Date | 16 September 2026 |
|---|---|---|---|
| Basis of Allotment | 17 September 2026 | Listing Date | 21 September 2026 |
| Price Band | ₹56 - ₹59 per share | Face Value | ₹10 per share |
| Market Lot Size | 2000 Shares | Min Investment (Retail) | ₹2,36,000 |
| Total Issue Size | ₹26.93 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹26.93 Cr | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Shakti Polytarp IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 14 September 2026 | Confirmed |
| IPO Close Date | 16 September 2026 | Confirmed |
| Basis of Allotment | 17 September 2026 | Tentative |
| Initiation of Refunds | 21 September 2026 | Tentative |
| Credit of Shares to Demat | 21 September 2026 | Tentative |
| IPO Listing Date | 21 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 17 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Shakti Polytarp IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 4,000 Shares | ₹2,36,000 |
| Retail (Max) | 2 Lots | 4,000 Shares | ₹2,36,000 |
| S-HNI (Min) | 3 Lots | 6,000 Shares | ₹3,54,000 |
| S-HNI (Max) | 8 Lots | 16,000 Shares | ₹9,44,000 |
| B-HNI (Min) | 9 Lots | 18,000 Shares | ₹10,62,000 |
Shakti Polytarp IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹6 +10.2%
Estimated Listing Price
₹65.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 21 Sept 2026 | ₹6 | ₹65.00 | +10.17% |
| 18 Sept 2026 | ₹6 | ₹65.00 | +10.17% |
| 11 Sept 2026 | ₹0 | ₹59.00 | +0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Shakti Polytarp IPO Subscription Status
Demand breakdown by investor category
Retail
4.12x
QIB
49.22x
NII / HNI
4.79x
Total
11.20x
Shakti Polytarp Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 40.29 Cr. | 62.23 Cr. | 61.08 Cr. | 0.98 Cr. |
| 2025 | 71.39 Cr. | 166.50 Cr. | 159.60 Cr. | 4.97 Cr. |
| 2026 | 110.12 Cr. | 216.10 Cr. | 202.51 Cr. | 10.06 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Shakti Polytarp IPO Valuation & KPIs
Key metrics pre-issue
EPS
8.00 (Basic)
P/E Ratio
N/A
RoNW
44.04%
NAV per share
₹22.18
RoCE
17.87%
RoE
44.04%
Debt to Equity
2.60
PAT Margin
4.66%
EBITDA Margin
8.94%
Shakti Polytarp Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Commercial Syn Bags Limited | 43.93 | 6.75 | 16.86% | 43.03 | 26.96 Cr. |
| Shree Tirupati Balajee Agro Trading Company Ltd | 24.26 | 1.08 | 3.49% | 31.61 | 8.84 Cr. |
About Shakti Polytarp
Shakti Polytarp is engaged in the manufacturing of tarpaulins and related products such as shade nets. The company operates its manufacturing facility in Indore, Madhya Pradesh, where it utilizes raw materials like plastic granules to produce its offerings. In addition to its manufacturing operations, the business is involved in the trading of granules, which include polypropylene, low-density polyethylene, and high-density polyethylene. The company generates its revenue primarily through two operating segments: the manufacturing and sale of various types of tarpaulins and shade nets, and the trading of granules in the open market. By procuring raw materials in bulk, the company utilizes a portion for its internal manufacturing needs while selling the remaining inventory to optimize procurement efficiencies. The business focuses on business-to-business transactions and serves a concentrated customer base, with a significant portion of its sales originating from the state of Madhya Pradesh.
Key Strengths
- Offers customized, end-to-end solutions for tarpaulins and shade nets.
- A strategic facility in Madhya Pradesh provides locational and subsidy benefits.
- Utilizes bulk discount schemes for cost-effective raw material procurement.
- Broad product portfolio with various GSMs, widths, and shading percentages.
- Established relationships with a concentrated B2B customer base ensure volume sales.
Key Risks
- High revenue dependency on a limited range of products like tarpaulins and granules.
- The registered office and manufacturing facility operate on leased, non-owned premises.
- Heavy reliance on a few clients, with the top ten customers driving over 77% of revenue.
- Experienced negative cash flows from operating activities in prior fiscal years.
- Top ten suppliers account for up to 90% of raw materials, increasing supply chain risks.
Shakti Polytarp IPO Reservation & Share Quotas
The Shakti Polytarp IPO shares are reserved across Anchor Investors, Qualified Institutional Buyers, Non-Institutional Investors and Retail Investors. The reservation structure indicates how the offered shares are distributed among the different investor categories participating in the public issue.
Anchor Investors have been allocated 18.01% of the offered shares, while QIB investors excluding the Anchor portion account for 12.36%. NII investors have a 29.97% allocation and Retail Investors have the largest category allocation at 34.62%.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | 8,22,000 Shares | 18.01% |
| QIB (Ex. Anchor) | 5,64,000 Shares | 12.36% |
| NII Shares Offered | 13,68,000 Shares | 29.97% |
| Retail Shares Offered | 15,80,000 Shares | 34.62% |
Note: The reservation percentages and share counts are based on the Shakti Polytarp IPO data provided above.
Shakti Polytarp IPO Anchor Investors
Shakti Polytarp IPO has an Anchor Investor portion of 8,22,000 shares. The anchor bidding process is scheduled before the public issue opens and provides an indication of institutional participation in the IPO.
The anchor allocation is subject to the applicable lock-in requirements. The relevant dates for the 30-day and 90-day portions, along with the anchor investor details, are provided below for reference.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 11, 2026 |
| Shares Offered | 8,22,000 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026. |
Note: Anchor size and lock-in dates are shown as provided. The exact dates can be updated when the final anchor allocation details are available.
Shakti Polytarp IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 15 Sept 2026 |
| IPO Close Date | 17 Sept 2026 |
| Basis of Allotment | 18 Sept 2026 |
| Refunds | 21 Sept 2026 |
| Credit to Demat Account | 21 Sept 2026 |
| IPO Listing Date | 22 Sept 2026 |
Note: The timeline for Shakti Polytarp IPO is tentative and subject to change.
Shakti Polytarp Promoters and Shareholding Pattern
The promoters of Shakti Polytarp are Ravi Singhal, Vivek Singhal, Trisha Singhal and Priyal Singhal. Before the IPO, the promoter and promoter group held 88.51% of the company's shares, while the remaining 11.49% was held by other shareholders.
After the IPO, the promoter and promoter group holding is expected to reduce to 64.92%. The post-IPO shareholding of other shareholders is expected to increase to 35.08%, reflecting the dilution resulting from the fresh issue.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,11,19,990 | 88.51% | 11,119,990 | 64.92% |
| Others* | 14,44,010 | 11.49% | 6,008,010 | 35.08% |
| Total | 1,25,64,000 | 100% | 17,128,000 | 100% |
Note: Shareholding figures and percentages are based on the Shakti Polytarp IPO data provided above.
Shakti Polytarp Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Capital Expenditure for the purchase of plant and machinery | 20.88 (77.53%) |
| General corporate purposes | 6.05 (22.47%) |
Note: Objectives are as specified in the DRHP/RHP documents of Shakti Polytarp.
Shakti Polytarp About the IPO
Shakti Polytarp, founded in March 2018, is one of the leading manufacturers of tarpaulins and other plastic-based products. Tarpaulins are water-resistant and durable sheets that are used to protect goods, equipment, and other materials from rain, moisture, sunlight, and other environmental conditions. Its product portfolio includes tarpaulins using Polypropylene (PP) granules, Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), and High-Density Polyethylene (HDPE) in different sizes, colors, thicknesses, and specifications.
Its manufacturing facility is located in Nimrani, Khargone, Madhya Pradesh, spread across approximately 1,98,450 sq. ft. Its facilities are equipped with high-speed extrusion tapelines, extra-wide extrusion lamination machines, high-speed wide-width circular looms, high-strength sealing machines, and recycling machines. Shakti Polytarp sells its products under the “Dinotarp” brand, used across agriculture, construction, automotive, transportation and logistics, consumer goods, and other industries.
Shakti Polytarp Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 62.23 Cr. | 61.08 Cr. | 0.98 Cr. | 40.29 Cr. |
| 2025 | 166.50 Cr. | 159.60 Cr. | 4.97 Cr. | 71.39 Cr. |
| 2026 | 216.10 Cr. | 202.51 Cr. | 10.06 Cr. | 110.12 Cr. |
Note: Financial numbers for Shakti Polytarp are in ₹ Crores unless stated otherwise.
Shakti Polytarp Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 44.04% |
| ROCE | 17.87% |
| EBITDA Margin | 8.94% |
| PAT Margin | 4.66% |
| Debt to Equity Ratio | 2.60 |
| Earning Per Share (EPS) | 8.00 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 44.04% |
| Net Asset Value (NAV) | 22.18 |
Note: Valuation KPIs for Shakti Polytarp are computed for FY2026.
Shakti Polytarp Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Commercial Syn Bags Limited | 6.75 | 43.93 | 16.86% | 43.03 | 26.96 Cr. |
| Shree Tirupati Balajee Agro Trading Company Ltd | 1.08 | 24.26 | 3.49% | 31.61 | 8.84 Cr. |
Note: Peer group comparisons for Shakti Polytarp are sourced from DRHP filings.
Shakti Polytarp Lead Managers & Merchant Bankers
- NEXGEN Financial Solutions Pvt. Ltd.
Shakti Polytarp IPO FAQs
Shakti Polytarp IPO opens for subscription on 14 September 2026 and closes on 16 September 2026.
The price band for Shakti Polytarp IPO is set at ₹56.00 to ₹59.00 per share.
The minimum market lot size is 2000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 4,000 Shares (₹2,36,000).
The latest Grey Market Premium (GMP) for Shakti Polytarp IPO is ₹6. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Shakti Polytarp IPO is tentatively scheduled for 17 September 2026, and shares are expected to list on the stock exchanges on 21 September 2026.
The registrar details will be confirmed in the official prospectus.
Shakti Polytarp IPO Analysis & Articles
