Summary
The Shakti Polytarp IPO is an SME book-build IPO, scheduled to open on 15 September 2026 and close on 17 September 2026.
The price band is fixed at ₹56 to ₹59 per share, with a minimum application of 2 lots (4,000 shares).
The shares are scheduled to list on 22nd September 2026 on the BSE.
Shakti Polytarp IPO is an SME book-build issue scheduled to open for subscription on 15 September 2026 and close on 17 September 2026. The company has fixed the IPO price band at ₹56 to ₹59 per share, and investors need to apply for a minimum of 2 lots, or 4,000 shares, requiring an investment of ₹2.36 lakh at the upper price band. The issue comprises a fresh issue of 45.64 lakh shares and has a total issue size of around ₹27 crore. The shares are proposed to be listed on the BSE SME platform, with the tentative listing date set for 22 September 2026.
Shakti Polytarp IPO Key Details
The table below presents the essential details investors should know before applying for the Shakti Polytarp IPO.
| IPO Open Date | 15 September 2026 |
| Close Date | 17 September 2026 |
| Face value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| IPO Lot Size | 2,000 shares |
| Fresh issue | 45,64,000 shares |
| Offer for Sale | _ |
| Type of issue | Book-building SME |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹27 crore |
| Minimum Investment | 2 lots (4,000 shares) |
Shakti Polytarp IPO Timeline
Below is the complete schedule of events for the Shakti Polytarp IPO.
| Bid Opening | 15 September 2026 |
| Bid Closing | 17 September 2026 |
| Tentative Allotment | 18 September 2026 |
| Initiation of Refunds | 21 September 2026 |
| Credit of Shares to Demat | 21 September 2026 |
| Tentative Listing Date | 22 September 2026 |
| UPI mandate closing date | 17 September 2026 |
Key Performance Indicators of Shakti Polytarp IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 44.04 | 34.68 | 10.79 |
| ROCE (%) | 17.87 | 14.87 | 8.87 |
| Debt Equity (in times) | 2.60 | 2.70 | 2.18 |
| RoNW (%) | 44.04 | 34.68 | 10.79 |
| PAT Margin (%) | 4.66 | 2.99 | 1.58 |
| EBITDA margin (%) | 8.94 | 6.43 | 6.18 |
| Price to book | 2.66 |
Shakti Polytarp IPO Financial Details
The Financial information of the Shakti Polytarp IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 215.64 | 166.23 | 62.01 |
| Total Asset | 110.12 | 71.39 | 40.29 |
| Profit | 10.05 | 4.96 | 0.98 |
(Amount in ₹ Crores)
Shakti Polytarp IPO Subscription Status
The Shakti Polytarp IPO share subscriptions are given below.
| Date | QIB (Ex Anchor) | NII* | Individual Investors | Total |
|---|---|---|---|---|
| Sep 15 (Day 1) | 0.00 | 1.51 | 0.11 | 0.64 |
| Sep 16 (Day 2) | 0.00 | 1.55 | 0.26 | 0.72 |
Shakti Polytarp IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Shakti Polytarp IPO shows a GMP of ₹0 with an estimated listing price of ₹59.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 16-09-2026 | ₹0 ─ | ₹59 (0.00%) | ₹0 | 16-Sep-2026 22:34 |
| 15-09-2026 Open | ₹0 ─ | ₹59 (0.00%) | ₹0 | 15-Sep-2026 23:35 |
| 14-09-2026 | ₹0 ─ | ₹59 (0.00%) | ₹0 | 14-Sep-2026 23:32 |
| 13-09-2026 | ₹0 ─ | ₹59 (0.00%) | ₹0 | 13-Sep-2026 23:34 |
| 12-09-2026 | ₹0 ─ | ₹59 (0.00%) | ₹0 | 12-Sep-2026 23:36 |
| 11-09-2026 | ₹0 ─ | ₹59 (0.00%) | ₹0 | 11-Sep-2026 23:30 |
| 10-09-2026 | ₹0 ─ | ₹59 (0.00%) | ₹0 | 10-Sep-2026 23:35 |
| 09-09-2026 | ₹0 ─ | ₹59 (0.00%) | ₹0 | 9-Sep-2026 23:36 |
GMP is the premium value of the IPO share in the unofficial market before it opens for subscription.
Shakti Polytarp IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares | Net issue (%) | Total issue(%) |
| Market maker | 2,30,000 | 5.04 | |
| QIBs | 13,86,000 | 31.98 | 30.37 |
| NIIs | 13,68,000 | 31.56 | 29.97 |
| Retails | 15,80,000 | 36.46 | 34.62 |
| Total | 45,64,000 | 100% | 100% |
Shakti Polytarp IPO Lot Sizes
Refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount in ₹ |
| Individual Investor IND (Min) | 2 | 4,000 | 2,36,000 |
| Individual Investor IND (Max) | 2 | 4,000 | 2,36,000 |
| S-HNI (Min) | 3 | 6,000 | 3,54,000 |
| S-HNI (Max) | 8 | 16,000 | 9,44,000 |
| B-HNI (Min) | 9 | 18,000 | 10,62,000 |
Shakti Polytarp IPO Prospectus
Investors can access the offered prospectus for the Shakti Polytarp IPO mentioned below.
About Shakti Polytarp Ltd.
Shakti Polytarp Limited manufactures tarpaulins and flexible packaging products made from materials such as HDPE, PP and LDPE. Its products are designed for applications where protection from water, sunlight, weather and physical damage is required. The company sells products under brands including SHAKTI, RIO and DINOTARP and also provides customised solutions based on customer requirements.
The company serves customers from industries such as agriculture, construction, cement and fertiliser, transportation, logistics, warehousing, poultry and disaster management. Its products include plastic tarpaulins, shade nets, packaging fabrics, lumber wraps and geotextiles. The company also maintains quality-testing facilities for parameters such as tensile strength, tear resistance, water pressure and other product characteristics.
Promoters:
- Ravi Singhal
- Vivek Singhal
- Trisha Singhal
- Priyal Singhal
| Book Runner | NEXGEN Financial Solutions Pvt. Ltd. |
| Issue Registrar | Skyline Financial Services Pvt. Ltd. |
Purpose of Shakti Polytarp IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Amount in ₹ Crores |
| Capital Expenditure | 20.88 |
| General Corporate Purposes | _ |
| Total | _ |
Shakti Polytarp Ltd.- Strengths and benefits
- Diverse Applications: The company’s tarpaulin and related products have applications across agriculture, construction, transportation, logistics, automotive and other industries. This gives the company exposure to multiple end-use markets rather than relying on a single application.
- Quality Control and Manufacturing Capabilities: The company has an in-house quality-control setup and tests products for characteristics such as tensile strength, elongation, tear resistance, water pressure and other parameters. It also operates manufacturing equipment covering processes from fabric production to coating and finishing.
- Product Customisation Capabilities: Shakti Polytarp provides products in different sizes, GSM levels, widths and specifications based on customer requirements. Its ability to customise products can help it cater to varied industrial and commercial applications.
Shakti Polytarp Ltd- Risks and limitations
- Dependence on Tarpaulins and Granules Business: A substantial part of the company’s revenue comes from manufacturing tarpaulins and trading granules. Any decline in demand or loss of customers for these products could negatively affect its revenue and profitability.
- High Working Capital Requirement: The business requires a significant amount of working capital to support manufacturing and inventory requirements. Higher working capital requirements put pressure on its financial performance.
- Leased Premises: The company’s registered office and manufacturing facility are not owned by it. Any termination or non-renewal of the relevant lease or rental arrangements could heavily disrupt its operations.
Shakti Polytarp IPO Review
The Shakti Polytarp IPO is an SME book-build issue worth around ₹27 crore. The IPO will remain open from 15 September 2026 to 17 September 2026, with the price band fixed at ₹56 to ₹59 per share. The issue comprises a fresh issue of 45.64 lakh shares, and there is no offer for sale. Retail investors need to apply for at least 2 lots of 2,000 shares each, making the minimum application size 4,000 shares or ₹2.36 lakh at the upper price band.
However, investors must consider the risks associated, including customer concentration, dependence on polymer-based raw materials, leased manufacturing premises and the company’s debt-to-equity ratio of 2.60 times in FY 2025-26. The shares are proposed to be listed on the BSE SME platform, with the listing date set for 22 September 2026.
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Shakti Polytarp IPO FAQs
Shakti Polytarp IPO is an SME book-build IPO comprising a fresh issue of shares. The price band is ₹56 to ₹59 per share and the shares are proposed to be listed on the BSE SME platform.
Investors can apply through their broker or IPO-enabled investment platform during the IPO bidding period. The minimum application is 2 lots, or 4,000 shares.
The IPO has some positives, including strong recent revenue and profit growth, product diversification and planned investment in plant and machinery. However, investors should consider risks such as customer concentration, raw material price fluctuations, leased facilities and a debt-to-equity ratio of 2.60 times. Whether the IPO is suitable depends on an investor’s risk appetite and investment objectives.
The Shakti Polytarp IPO will open for subscription on 15 September 2026 and close on 17 September 2026.
The IPO lot size is 2,000 shares. Retail investors need to apply for a minimum of 2 lots, or 4,000 shares, at an investment of ₹2.36 lakh at the upper price band.
The tentative allotment date for the Shakti Polytarp IPO is 18 September 2026.
The shares are tentatively scheduled to be listed on the BSE SME platform on 22 September 2026.
