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Shakti Polytarp Limited

SMElistedBSE SME
15 Sep 2026 – 17 Sep 2026
LISTED
Offer Price
₹56–59
Bid lot
2000
Min Application
₹2,36,000
Issue Size
₹27 Cr

Key dates

Open date
15 Sep 2026
Done
Close date
17 Sep 2026
Done
Basis of allotment
18 Sep 2026
Done
Initiation of refunds
18 Sep 2026
Done
Credit to demat
18 Sep 2026
Done
Listing date
22 Sep 2026
Done

Issue reservation

₹27 Cr
QIB 12.36%HNI (10L+) 19.98%9.99%Retail 34.62%5.04%
QIB
5.6 L sh · ₹3.34 Cr
12.36%
HNI (10L+)
9.1 L sh · ₹5.39 Cr
19.98%
HNI (2-10L)
4.6 L sh · ₹2.70 Cr
9.99%
Retail
15.8 L sh · ₹9.35 Cr
34.62%
Market maker
2.3 L sh · ₹1.36 Cr
5.04%
Applications required for 1× subscription
Retail (≤₹2L)
395 forms
S-HNI (₹2–10L)
76 forms
B-HNI (>₹10L)
51 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Nexgen Financial Solutions Private Limited

Lot ladder — how much to bid

1 lot = 2000 shares
Individual · up to ₹2 L2+ lots
Min · 2 lots
4,000 sh · ₹2,36,000
Entry point
₹2,36,000 onward
sHNI · ₹2 L to ₹10 L3+ lots
Min · 3 lots
6,000 sh · ₹3,54,000
Entry point
₹3,54,000 onward
bHNI · Above ₹10 L9+ lots
Min · 9 lots
18,000 sh · ₹10,62,000
Entry point
₹10,62,000 onward

Issue details

Lead managersNexgen Financial Solutions Private Limited
Fresh issue45,64,000 sh · ₹27 Cr
Face value₹10
Listing onBSE SME
RegistrarSkyline Financial Services Pvt.Ltd.
Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

110.12

71.39

40.29

Total Income

216.1

166.5

62.23

PAT

10.06

4.97

0.98

Net Worth

27.86

17.8

10.84

Reserves & Surplus

15.3

5.24

5.13

Total Borrowings

72.51

48

23.36

Objects of the issue
  • Capital expenditure: Funding manufacturing expansion and asset additions.

  • Working capital requirements: Meeting day-to-day operational needs.

  • General corporate purposes: Supporting business operations and growth.

About the company

Incorporated in March 2018, Shakti Polytarp Limited is engaged in the manufacturing of tarpaulins and other plastic-based products, including shade nets. Tarpaulins are durable, water-resistant sheets designed 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 offered in various sizes, colours, thicknesses and specifications to meet diverse customer requirements, with a particular focus on six-layer and eight-layer durable tarpaulins. The products are marketed under the “Dinotarp” brand and cater to a wide range of applications across agriculture, construction, automotive, transportation and logistics, consumer goods and other industries.

The Company primarily follows a business-to-business (B2B) model, supplying products in bulk to businesses and industrial customers, while also serving the business-to-consumer (B2C) segment. In addition to manufacturing tarpaulins, the Company is involved in the sale of plastic granules, which are used as raw materials in tarpaulin production. It also offers product design and customisation options to address specific customer requirements and intended applications.

The Company's manufacturing facility is located at Nimrani, Khargone, Madhya Pradesh, and spans 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 integration of advanced machinery and in-built software systems supports production efficiency, operational accuracy and quality control. The facility can manufacture tarpaulins with grammage ranging from 70 GSM to 450 GSM.

As of June 30, 2026, the Company had 114 permanent employees, the majority of whom were engaged in manufacturing and operational activities.

Company strengths

  • Established client relationships.

  • Product customisation capabilities.

  • Experienced management team.

  • Diverse industry applications.

  • Integrated in-house manufacturing facility.

  • Six-layer and eight-layer tarpaulin production.

Promoters

Ravi SinghalVivek SinghalTrisha SinghalPriyal Singhal.

Registered office & contact

Shakti Polytarp Limited.

Address - Shop No. 4, 4/1

Nayapura Main Road

Indore, Madhya Pradesh, 452009

📞 +91-9826648050

✉️ md@shaktipolytarp.com

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Shakti Polytarp Limited IPO?

One lot of 2000 shares — ₹2,36,000 at the upper price band of ₹59.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-22 on BSE SME.

₹56–59
Applications are closed.