
Minimum Investment
About Company
Company Name: Shakti Polytarp Limited
Industry / Sector: Packaging / Tarpaulin & Plastic Products Manufacturing
Founded Year: March 2018
Promoters: Ravi Singhal, Vivek Singhal, Trisha Singhal, Priyal Singhal
Shakti Polytarp Limited is engaged in the manufacturing of tarpaulins and other plastic-based products, including shade nets. Tarpaulins are water-resistant and durable sheets used to protect goods, equipment and other materials from rain, moisture, sunlight and other environmental conditions. The Company manufactures tarpaulins using Polypropylene (PP) granules, Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE). Its products are available in different sizes, colours, thicknesses and specifications as per customer requirements, with a particular focus on manufacturing six-layer and eight-layer durable tarpaulins. The products are marketed under the 'Dinotarp' brand and find applications across agriculture, construction, automotive, transportation and logistics, consumer goods and other industries. The Company primarily operates under a B2B business model, supplying products through bulk orders to businesses and industrial customers, while also catering to the B2C segment. In addition to manufacturing tarpaulins, the Company is engaged in the sale of plastic granules, which are used as raw materials in the production of tarpaulins. The Company also provides design and customisation options based on the intended application of its products. The Company's manufacturing facility is located at Nimrani, Khargone, Madhya Pradesh, spread across approximately 1,98,450 sq. ft. The facility is equipped with high-speed extrusion tapelines, extra-wide extrusion lamination machines, high-speed wide-width circular looms, high-strength sealing machines and recycling machines. The facility is capable of producing tarpaulins ranging from 70 GSM to 450 GSM. As of June 30, 2026, the Company had 114 permanent employees.
IPO Basic Details
| Company Name | Shakti Polytarp Limited |
| IPO Type | SME IPO |
| Price Band | ₹56 – ₹59 |
| Lot Size | 2000 Shares |
| Total Issue Size | 45,64,000 Equity Shares (₹26.93 Cr) |
IPO Strengths & Risks
Strengths
- 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
Risks
- Dependence on the packaging and plastic products sector
- Exposure to raw material price volatility (PP granules, LLDPE, LDPE, HDPE)
- Competition from other tarpaulin manufacturers
- Working capital intensive business model
- SME IPO with lower liquidity compared to mainboard listings
IPO Important Dates
| IPO Open Date | 15 Sep 2026 |
| IPO Close Date | 17 Sep 2026 |
| Basis of Allotment | 18 Sep 2026 |
| Refund Initiation | 21 Sep 2026 |
| Demat Credit Date | 21 Sep 2026 |
| Listing Date | 22 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | 31.98% of Net Offer (13,86,000 shares) |
| Retail Quota | 36.46% of Net Offer (15,80,000 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 4000 | ₹2,36,000 |
| Retail Maximum | 2 Lots | 4000 | ₹2,36,000 |
| S-HNI Minimum | 3 Lots | 6000 | ₹3,54,000 |
| S-HNI Maximum | 8 Lots | 16000 | ₹9,44,000 |
| B-HNI Minimum | 9 Lots | 18000 | ₹10,62,000 |
Key Performance Indicators (KPI)
| ROE | 44.04% |
| ROCE | 17.87% |
| RoNW | - |
| PAT Margin | 4.66% |
| EBITDA Margin | 8.94% |
| EPS | ₹8.00 (Pre-IPO), ₹5.87 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 2.60 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹110.12 Cr | ₹216.10 Cr | ₹10.06 Cr | ₹19.29 Cr | ₹27.86 Cr | ₹72.51 Cr |
| FY2025 | ₹71.39 Cr | ₹166.50 Cr | ₹4.97 Cr | ₹10.69 Cr | ₹17.80 Cr | ₹48.00 Cr |
| FY2024 | ₹40.29 Cr | ₹62.23 Cr | ₹0.98 Cr | ₹3.83 Cr | ₹10.84 Cr | ₹23.36 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Skyline Financial Services Pvt. Ltd.
Registrar Website: Not explicitly stated in the source
IPO Lead Manager(s)
Company Information
Address: Shop No. 4, 4/1, Nayapura Main Road, Indore, Madhya Pradesh - 452009
Website: https://shaktipolytarp.com/
Email: md@shaktipolytarp.com
Phone: +91-9826648050
IPO Documents
Frequently Asked Questions (FAQ)
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