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Shakti Polytarp IPOLISTED
Shakti Polytarp Limited manufactures durable tarpaulins and shade nets using various polyethylene and polypropylene materials.
Listing price
₹58.9
Listing gain
-0.17%
Current
₹58.9
Listed
22 Sept 26
Opens
15 Sept 26Closes
17 Sept 26Allotment
18 Sept 26Refund
21 Sept 26Demat
21 Sept 26Listing
22 Sept 26Listed at
₹58.9
-0.17% on 22 Sept 26
Overview
Price band
₹56-59
Lot size
2000 shares
Min. investment
₹2,36,000
Issue size
₹26.93 Cr
45.64 L shares
Fresh issue
₹26.93 Cr
45.64 L shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Market Maker | 2,30,000 | 5.04% |
| Anchor Investor | 8,22,000 | 18.06% |
| QIB | 5,64,000 | 12.36% |
| NII (HNI) | 13,68,000 | 29.97% |
| B-HNI | 9,12,000 | 19.98% |
| S-HNI | 4,56,000 | 9.99% |
| Individual | 15,80,000 | 34.62% |
| Total | 45,64,000 | 100.05% |
Lot size & investment
| 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 |
Listing performance
NSE/BSE: SHAKTIPOLYTARPListing gain
−0.17%
Gain per retail lot
₹-400
Latest vs issue
—
GMP was
₹8 (+13.56%)
Issue price
GMP estimate
Listing price
Latest price appears here during market hours.
Shakti Polytarp Live GMP
Not enough GMP history yet to draw a trend.
Subscription
17 Sept, 08:24 pmOversubscribed 11.94 times · 2,173 applications
Total applications
2,173
Total bid amount
₹247 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 5,64,000 | 2,77,62,000 | 49.22x | ₹164 Cr |
| NII (HNI) | 13,68,000 | 76,54,000 | 5.60x | ₹45.16 Cr |
| B-HNI | 9,12,000 | 58,06,000 | 6.37x | ₹34.26 Cr |
| S-HNI | 4,56,000 | 18,48,000 | 4.05x | ₹10.9 Cr |
| Retail | 15,80,000 | 65,04,000 | 4.12x | ₹38.37 Cr |
| Total | 35,12,000 | 4,19,20,000 | 11.94x | ₹247 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 152 | 241 | 1.59x |
| S-HNI | 76 | 287 | 3.78x |
| Retail | 395 | 1,626 | 4.12x |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
44.04%
PAT Margin
4.66%
ROCE
17.87%
EBITDA Margin
8.94%
Debt to Equity Ratio
2.6
Price to Book Value
2.66
RoNW
44.04%
Valuation vs listed peers
EPS Pre IPO
₹8
EPS Post IPO
₹5.87
P/E Pre IPO
7.38
P/E Post IPO
10.05
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+247.3%
Profit growth FY24 → FY26
+926.5%
ROCE
17.87%
- PAT margin 4.7% and ROCE 17.9%.
Strengths & risks
- 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.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure. | 20.88 |
| General Corporate Purposes. | - |
Company & documents
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.
Registrar
Company contact
Shakti Polytarp Limited
Shop No. 4, 4/1, Nayapura Main Road, Indore, Madhya Pradesh, 452009
Phone: +91-9826648050
Email: md@shaktipolytarp.com
Book running lead managers
- NEXGEN Financial Solutions Pvt. Ltd.
Promoters
- Ravi Singhal
- Vivek Singhal
- Trisha Singhal
- Priyal Singhal