Shakti Polytarp IPO 2026: Price, Dates, Lot Size, GMP, Allotment & Listing Details

Shakti Polytarp SME IPO allotment status

Allotment was finalised on 18 September 2026. Check your status on the registrar site.

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Shakti Polytarp Limited IPO
SP
Shakti Polytarp Limited IPO
Tarpaulin & Shade Nets · Plastic Granules · B2B Industrial Packaging · Madhya Pradesh
📋 BSE SME IPO Fresh Issue Only BSE SME
₹59
Upper Price
₹26.93 Cr
Issue Size
Sep 22, 2026
Listing Date
₹74.13 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Tuesday, 15 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Thursday, 17 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Friday, 18 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 21 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Tuesday, 22 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date15 September 2026 (Tue)
IPO Close Date17 September 2026 (Thu)
Listing Date22 September 2026 (Tue)
Face Value₹10 per share
Price Band₹56 to ₹59
Issue Price (Upper Band)₹59 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size2,000 shares (Min Application: 2 Lots / 4,000 Shares)
Total Issue Size45,64,000 shares (₹26.93 Cr)
Fresh Issue45,64,000 shares (₹26.93 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Market Maker Portion2,30,000 shares (₹1.36 Cr)
Pre-Issue Shares1,25,64,000
Post-Issue Shares1,71,28,000
Promoter Holding (Pre)90.90%
Market Cap (Pre-IPO)₹74.13 Cr
Listing ExchangeBSE SME
Lead ManagerNEXGEN Financial Solutions Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹59
Investor TypeLotsSharesAmount
Individual (Retail) — Min24,000₹2,36,000
Individual (Retail) — Max24,000₹2,36,000
S-HNI (sNII) — Min36,000₹3,54,000
S-HNI (sNII) — Max816,000₹9,44,000
B-HNI (bNII) — Min918,000₹10,62,000
⚠️ Note: Investors can bid for a minimum of 4,000 shares (2 lots) and in multiples of 2,000 shares thereafter. Market Maker reservation comprises 2,30,000 shares allotted to Prabhat Financial Services Ltd.
👥 Investor Reservation
Allocated portion of Net Offer
31.98% (13.86 L Sh)
QIB Portion
36.46% (15.80 L Sh)
Retail Portion
31.56% (13.68 L Sh)
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets110.1271.3940.29
Total Income216.10166.5062.23
PAT10.064.970.98
EBITDA19.2910.693.83
Net Worth27.8617.8010.84
Reserves & Surplus15.305.245.13
Total Borrowing72.5148.0023.36
Income Growth
FY 2023–24₹62.23 Cr
FY 2024–25₹166.50 Cr
FY 2025–26₹216.10 Cr
🎯 Key Performance Indicators
44.04%
ROE
FY 2025–26
2.60
Debt/Equity
FY 2025–26
17.87%
ROCE
FY 2025–26
4.66%
PAT Margin
FY 2025–26
8.94%
EBITDA Margin
FY 2025–26
44.04%
RoNW
FY 2025–26
2.66x
Price/Book
FY 2025–26
22.18
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹8.00
FY26 earnings + pre-issue shares
P/E: 7.38x
Post-IPO EPS
₹5.87
FY26 earnings + post-issue shares
P/E: 10.05x
Price to Book Value
2.66x
At upper price band ₹59
Market Cap (Pre-IPO)
₹74.13 Cr
At issue price ₹59
ℹ️ Pre-IPO EPS (₹8.00) based on pre-issue shares (1,25,64,000) and FY26 restated PAT (₹10.06 Cr). Post-IPO EPS (₹5.87) accounts for the dilution resulting from the issuance of 45,64,000 fresh equity shares extending the total post-issue equity to 1,71,28,000 shares. Post-IPO Market Cap expands to ₹101.06 Cr at the upper issue price of ₹59.
🎯 Objects of the Issue
Net proceeds utilisation
1
Purchase of machinery at the Nimrani manufacturing facility / Capital Expenditure for the purchase of plant and machinery
₹20.88 Cr
2
General corporate purposes
Balance
Total Fresh Issue Goal ₹26.93 Cr
🏢 About Shakti Polytarp Ltd.
Est. 2018 · Indore, Madhya Pradesh · Tarpaulin & Shade Net Manufacturing

Shakti Polytarp Limited, incorporated in March 2018, is engaged in manufacturing water-resistant tarpaulins and related plastic-based products, including shade nets. The company produces durable six-layer and eight-layer tarpaulins using materials such as Polypropylene (PP) granules, LLDPE, LDPE, and HDPE. Its products are marketed under the “Dinotarp” brand and find applications across agriculture, construction, automotive, transportation, and consumer goods to protect materials from environmental conditions.

The company operates a B2B business model, alongside catering to the B2C segment, and is also involved in the trading of plastic granules in the open market. Shakti Polytarp’s operations are centralized at its integrated manufacturing facility in Nimrani, Khargone, Madhya Pradesh, which is equipped with high-speed extrusion tapelines, extra-wide extrusion lamination machines, and circular looms capable of producing tarpaulins ranging from 70 GSM to 450 GSM. As of June 30, 2026, the business employed 114 permanent personnel primarily engaged in operations and manufacturing.

Brand Ecosystem
🏕️
Tarpaulins & Shade Nets
Heavy-duty water-resistant sheets manufactured from polyethylene and polypropylene under the “Dinotarp” brand.
🏭
Integrated Manufacturing
In-house facility in Madhya Pradesh housing high-speed circular looms and lamination machines.
⚗️
Granule Trading
Procurement and open-market trading of PP, LDPE, and HDPE granules optimizing raw material costs.
🚧
Diverse Applications
Products utilized widely across agriculture, construction, transportation, and consumer goods.
Competitive Strengths
🏆Offers end-to-end customized tarpaulin and shade net solutions spanning various GSMs and shading percentages.
📍Strategic locational advantage in Madhya Pradesh yielding operational subsidy benefits.
⚙️In-house manufacturing capabilities for advanced six-layer and eight-layer durable tarpaulins.
📈Demonstrated rapid scaling with revenue expanding around 30% and PAT surging 102% in FY26.
Company Promoters
RS
Ravi Singhal & Vivek Singhal
Promoters, Shakti Polytarp Ltd.
TS
Trisha Singhal & Priyal Singhal
Promoters, Shakti Polytarp Ltd.
📅 Key Dates
IPO Opens15 Sep 2026
IPO Closes17 Sep 2026
Allotment18 Sep 2026
Refund & Share Credit21 Sep 2026
Listing Day22 Sep 2026
💡 Quick Summary
Price Band₹56 – ₹59
Upper Price₹59 / share
Lot Size2,000 shares
Min. Investment (Retail)₹2,36,000 (2 Lots)
Issue Size₹26.93 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Skyline Financial Services Pvt.Ltd.
📞 011-26812682
[email protected]
Lead Manager
NEXGEN Financial Solutions Pvt.Ltd.
📍 Registered Address
Shakti Polytarp Ltd.
Shop No. 4, 4/1 Nayapura Main Road,
Indore, Madhya Pradesh — 452009
📞 +91-9826648050
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Shakti Polytarp IPO RHP for informational purposes only. This overview is structured according to the IPO NEW FORMAT guidelines. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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