Shakti Polytarp 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.
IPO GMP
+₹10
+17% expected gain
Price Band
₹59
Lot Size
4000 shares
Min Investment
₹2,36,000
Listing Date
September 22, 2026
About Shakti Polytarp
Company overview, business, and key facts.
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.
Founded
2018
Headquarters
Indore, Madhya Pradesh
Promoters
Ravi Singhal, Vivek Singhal, Trisha Singhal, Priyal Singhal
Website
https://shaktipolytarp.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Shakti Polytarp IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹101.1 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
10x
Peer median 34.1x (discount of 70.7%)
Price to sales
0.47x
Revenue growth, 2026
+29.8%
86.3% a year over the period
Profit growth, 2026
+102.4%
220.4% a year over the period
Profit margin (PAT)
4.7%
EBITDA margin 8.94%
ROE / ROCE
44.04% / 17.87%
As published in the offer document
Debt to equity
2.6
Promoter holding
88.51% → 64.92%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹40,000
4000 shares on ₹2,36,000. GMP is unofficial.
What stands out
- Profit grew 102.4% in 2026.
- Priced at a 70.7% discount to the peer median P/E of 34.1.
- GMP has been rising over the last three readings.
Watch-outs
- Thin profit margin: PAT margin was 4.7% in 2026.
- Leverage: debt to equity is 2.6.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Shakti Polytarp's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Shakti Polytarp IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Shakti Polytarp IPO is trading at a grey market premium (GMP) of +₹10 (+17% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 10.64x overall — QIB: 49.22x, NII: 4.68x, Retail: 2.9x.
Shakti Polytarp IPO subscription has closed. The shares are expected to list on September 22, 2026.
The minimum investment required is ₹2,36,000 for 4000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Shakti Polytarp IPO — Frequently Asked Questions
What is Shakti Polytarp IPO GMP today?
Shakti Polytarp IPO GMP (grey market premium) today is +₹10, suggesting an estimated listing gain of +17%. GMP is indicative and subject to change.
What is the price band of Shakti Polytarp IPO?
The price band for Shakti Polytarp IPO is ₹59 with a lot size of 4000 shares. The minimum investment required is ₹2,36,000.
When is Shakti Polytarp IPO allotment date?
Shakti Polytarp IPO allotment is expected to be finalised on September 18, 2026. You can check your allotment status on the registrar's website (Skyline Financial Services Pvt. Ltd.) using your PAN number.
When will Shakti Polytarp IPO list on NSE/BSE?
Shakti Polytarp IPO is expected to list on BSE SME on September 22, 2026.
How to check Shakti Polytarp IPO allotment status?
To check Shakti Polytarp IPO allotment status, visit the registrar's website (Skyline Financial Services Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Shakti Polytarp IPO?
Shakti Polytarp IPO has a GMP of +₹10. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Shakti Polytarp IPO?
The lot size for Shakti Polytarp IPO is 4000 shares per lot. The minimum investment for retail investors is ₹2,36,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.