Shakti Polytarp IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| QIB | 0.00x | 0.00x | 49.22x |
| NII | 1.52x | 1.73x | 5.60x |
| bNII > ₹10L | 2.15x | 2.36x | 6.37x |
| sNII 2-10L | 0.28x | 0.46x | 4.05x |
| Retail | 0.10x | 0.26x | 4.12x |
| Total | 0.64x | 0.79x | 11.94x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 62.23 | 166.50 | 216.10 |
| Expense | 61.08 | 159.60 | 202.51 |
| Profit (PAT) | 0.98 | 4.97 | 10.06 |
| Total Assets | 40.29 | 71.39 | 110.12 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Shakti Polytarp This IPO | 5.87 | 10.05 | 44.04 | 22.18 |
| Commercial Syn Bags Limited | 6.75 | 43.93 | 16.86 | 43.03 |
| Shree Tirupati Balajee Agro Trading Company Ltd | 1.08 | 24.26 | 3.49 | 31.61 |
Promoters & Holding Pattern
Promoters: Ravi Singhal, Vivek Singhal, Trisha Singhal, Priyal Singhal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,14,20,000 | 90.90% |
| Promoter Holding Post Issue | 1,14,20,000 | 66.67% |
Strengths & Risks
- Strong institutional (QIB) demand — 49.2x.
- Revenue grew 30% in the latest reported year.
- Strong return on equity — 44%.
- Backed by anchor investors — Rs 5 crore committed pre-issue.
- Elevated leverage — debt/equity of 2.60.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Shakti Polytarp
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.
Company Contact Information
Shop No. 4, 4/1 Nayapura Main Road Indore Madhya Pradesh
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Capital Expenditure | 20.88 |
| General Corporate Purposes | - |
Resources & Documents
Anchor Investors
Shakti Polytarp IPO - Quick Take
Shakti Polytarp has set a price band of Rs 56–Rs 59 per share for an issue size of Rs 27 crore. The stock listed with a 0.17% discount versus its issue price on September 22, 2026.
The issue is promoted by Ravi Singhal, Vivek Singhal, Trisha Singhal, Priyal Singhal with NEXGEN Financial Solutions Pvt.Ltd. acting as lead manager. Anchor investors have committed Rs 5 crore ahead of the public issue — about 18% of the total issue size. Anchor allocation was completed on August 11, 2026. Net proceeds will primarily be used towards capital Expenditure (Rs 21 crore) and general Corporate Purposes.
At the upper end of the price band, the issue is priced at a post-issue P/E of 10.05x. On fundamentals, the company is posting revenue growth of 29.8%, a profit margin of 4.7%, return on equity of 44.0% in its most recent reported period. Listed peers in this segment include Commercial Syn Bags Limited (P/E 43.93x) and Shree Tirupati Balajee Agro Trading Company Ltd (P/E 24.26x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Shakti Polytarp IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 17%. Of the 26 SME IPOs we have tracked with a final GMP between 10% and 25%, 21 listed above, 3 flat and 2 below the issue price; Shakti Polytarp listed 0.2% below its issue price.
See the full Shakti Polytarp GMP history and trend, or learn how grey market premium works and how reliable it is.
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