Shakti Polytarp Limited is engaged in the manufacturing of water-resistant tarpaulins and related plastic-based products, used to protect goods and materials from rain, moisture, sunlight and other environmental exposure.
The Company manufactures tarpaulins using PP, LLDPE, LDPE and HDPE, offering products in various sizes, colours and specifications. Its specialised six-layer and eight-layer tarpaulins, marketed under the “Dinotarp” brand, cater to agriculture, construction, transportation and other industries.
In addition to tarpaulins, the Company offers Geotextiles, Lumber Wraps, House Wraps, Pond Liners and Green Nets. It primarily operates on a B2B model, while also serving B2C customers, and is engaged in the sale of plastic granules.
The Company operates a 1,98,450 sq. ft. manufacturing facility in Nimrani, Madhya Pradesh, capable of producing tarpaulins ranging from 70 GSM to 450 GSM using integrated extrusion, lamination, weaving, sealing and recycling machinery.
As of June 30, 2026, the Company had 114 employees on its payroll.
Shakti Polytarp IPO – Details
| IPO Opening Date | 15 September 2026 |
| IPO Closing Date | 17 September 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 45,64,000 Shares Worth ₹26.93 Crore Fresh Issue: 45,64,000 Shares Worth ₹26.93 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹56 – ₹59 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Skyline Financial Services Pvt. Ltd. |
| QIB Shares Offered | 31.98% |
| NII Shares Offered | 31.56% |
| Retail Shares Offered | 36.46% |
Shakti Polytarp IPO – Date Schedule
| IPO Open Date | 15 September 2026 |
| IPO Close Date | 17 September 2026 |
| Basis of Allotment | 18 September 2026 |
| Initiation of Refund | 21 September 2026 |
| Credit of Shares to Demat | 21 September 2026 |
| IPO Listing Date | 22 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 17, 2026 |
Shakti Polytarp IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,36,000 |
| Retail (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 |
Competitive Strength
- Established client relationships.
- Product customisation capabilities.
- Experienced and qualified management team.
- Diverse applications across multiple industries.
- In-house manufacturing facility with integrated machinery.
- Six-layer and eight-layer tarpaulin manufacturing capabilities.
Company Promoters
- Ravi Singhal
- Vivek Singhal
- Trisha Singhal
- Priyal Singhal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹62.23 Cr | ₹61.08 Cr | ₹0.98 Cr | ₹23.36 Cr |
| 31 March 2025 | ₹166.50 Cr | ₹159.60 Cr | ₹4.97 Cr | ₹48.00 Cr |
| 31 March 2026 | ₹216.10 Cr | ₹202.51 Cr | ₹10.06 Cr | ₹72.51 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 44.04% |
| ROCE | 17.87% |
| Debt/Equity | 2.60 |
| RoNW | 44.04% |
| PAT Margin | 4.66% |
| EBITDA Margin | 8.94% |
| NAV | 22.18 |
| Price to Book Value | 2.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.00 | 5.87 |
| P/E (x) | 7.38 | 10.05 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital Expenditure. | ₹20.88 |
| General Corporate Purposes. |
✅Strengths
- Integrated Manufacturing Setup supporting production efficiency and quality control.
- Diversified Product Portfolio serving multiple industries and applications.
- Growing Financial Performance with improving profitability and return ratios.
⚠️Risks
- Customer Concentration with significant revenue dependence on a limited number of customers.
- Product Dependence on tarpaulins and granule sales.
- Higher Debt Levels due to increased borrowings for business expansion.
Shakti Polytarp IPO Promoter Holding
| Pre-Issue Share Holding | 90.90% |
| Post Issue Share Holding | 66.67% |
Shakti Polytarp IPO Prospectus
Company Contact Information
| Shakti Polytarp Limited Shop No. 4, 4/1, Nayapura Main Road, Indore, Madhya Pradesh, 452009 Phone: +91-9826648050 Email: md@shaktipolytarp.com Website: https://shaktipolytarp.com/ |
Shakti Polytarp IPO Registrar
| Skyline Financial Services Pvt. Ltd. Phone: 011-26812682 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Shakti Polytarp IPO Lead Manager(s)
| 1. NEXGEN Financial Solutions Private Limited |
Shakti Polytarp IPO FAQ
| What is the Shakti Polytarp IPO? Shakti Polytarp IPO is an SME IPO. The issue is priced at ₹56 – ₹59 per equity share. The IPO is to be listed on BSE SME. |
| When will Shakti Polytarp IPO open? The IPO is to open on 15 September 2026 for QIB, NII and Retail Investors. |
| What is Shakti Polytarp IPO Investors’ Portion? The Investors portion for QIB – 31.98%, NII – 31.56%, and Retail – 36.46%. |
| What is the Shakti Polytarp IPO Size? Shakti Polytarp IPO size is ₹26.93 Crore. |
| What are the Shakti Polytarp IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,36,000, while the maximum bid is 4000 Shares for ₹2,36,000. |
| What is the Shakti Polytarp IPO Allotment Date? Shakti Polytarp IPO allotment date is 18 September 2026. |
| What is the Shakti Polytarp IPO Listing Date? Shakti Polytarp IPO listing date is 22 September 2026. The IPO is to be listed on the BSE SME. |
