
Shakti Polytarp Limited
IPO Details
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₹8(13.56%)
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Shakti Polytarp Limited's completed its IPO journey with a successful listing on BSE on Sep 22, 2026. The public offering mobilized 45,64,000 Shares in total capital, comprising 45,64,000 Shares in fresh equity.
The offering was conducted within the price band of ₹56 to ₹59, with minimum application lots of 2000 shares. Investor participation during the Sep 15, 2026 to Sep 17, 2026 subscription window determined the final allocation pattern.
The basis of allotment was announced on Sep 18, 2026, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Shakti Polytarp Limited, incorporated in March 2018, is engaged in manufacturing tarpaulins and other plastic-based products, including shade nets. Its tarpaulins are durable and water-resistant sheets used to protect goods, equipment and materials from rain, moisture, sunlight and other environmental conditions. The Company manufactures these products using materials such as Polypropylene (PP), LLDPE, LDPE and HDPE and offers them in different sizes, colours, thicknesses and specifications based on customer requirements, with a focus on six-layer and eight-layer tarpaulins. Its products are marketed under the “Dinotarp” brand and are used across agriculture, construction, automotive, transportation and logistics, consumer goods and other industries. The Company mainly follows a B2B model, supplying bulk orders to businesses and industrial customers while also serving B2C customers. It also trades in plastic granules used as raw materials and provides customised product designs based on specific applications. Shakti Polytarp operates a manufacturing facility in Nimrani, Khargone, Madhya Pradesh, spread across approximately 1,98,450 sq. ft., equipped with modern extrusion, lamination, weaving, sealing and recycling machinery, with production capabilities ranging from 70 GSM to 450 GSM. As of June 30, 2026, the Company had 114 permanent employees, with most engaged in operations and manufacturing.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Established Client Relationships: The company has built strong relationships with customers across different industries, supporting its B2B business model and recurring bulk orders.
- Product Customisation Capabilities: Shakti Polytarp offers tarpaulins in various sizes, colours, thicknesses and specifications. Its ability to customise products helps meet different customer and application requirements.
- Experienced Management Team: The company has an experienced and qualified management team with knowledge of manufacturing and operations, supporting efficient production and overall business management.
- Dependence on Tarpaulin & Granule Sales: A significant portion of revenue comes from tarpaulin manufacturing and plastic granule trading. Any loss of existing customers or difficulty in attracting new customers could affect revenue and financial performance.
- Leased Registered Office & Manufacturing Facility: The company’s registered office and manufacturing facility are located on leased premises. Termination or non-renewal of these agreements could disrupt operations and affect the business.
- Manufacturing Capacity Utilisation: The company has experienced under-utilisation of its manufacturing facility in the past. Failure to efficiently use existing or planned capacity could increase costs and negatively affect future growth and financial performance.
- Ravi Singhal
- Vivek Singhal
- Trisha Singhal
- Priyal Singhal
Shakti Polytarp Limited
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