Shakti Polytarp Limited
smelistedAbout the company
Shakti Polytarp Limited, which was established in 2018, produces water-proof tarpaulin products marketed under the Dinotarp brand name. They have various uses, including agriculture, construction, automotive, transport and logistics, as well as consumer goods use. Among other products offered by the company include shade nets, HDPE/PP tape, PP woven fabrics, masterbatch and recycled plastic granules. The organisation deals mainly with B2B clientele due to bulk ordering, with some B2C sales. The company operates a 1,98,450 sq. ft. manufacturing facility at Nimrani, Khargone, Madhya Pradesh. Installed capacity increased from 6,900 MTPA at 1 April 2025 to 12,900 MTPA at 31 March 2026. Reported FY26 utilisation was 48.66% against year-end capacity, reflecting additions commissioned in January and March 2026; the opening 6,900 MTPA capacity recorded 80.64% utilisation. Revenue comes from manufactured products and trading in polymer granules. In FY26, tarpaulin sales were ₹99.82 crore, granule sales ₹104.01 crore and other product sales ₹11.81 crore. In terms of geography, Madhya Pradesh contributed 91.77%, Gujarat 4.35% and Maharashtra 2.84% of revenue. All raw materials are sourced within India; the capex programme includes shade-net machinery procured from China.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 16 Sep | ₹0 | ₹59 | 0 |
| 15 Sep | ₹0 | ₹59 | 0 |
| 14 Sep | ₹0 | ₹59 | 0 |
| 13 Sep | ₹0 | ₹59 | 0 |
| 12 Sep | ₹0 | ₹59 | 0 |
| 11 Sep | ₹0 | ₹59 | 0 |
| 10 Sep | ₹0 | ₹59 | 0 |
| 09 Sep | ₹0 | ₹59 | 0 |
Strengths
- Strong revenue and profit growth in recent years
- Significant increase in manufacturing capacity
- Presence across agriculture, construction, logistics and other industries
- Experienced promoters with established industry relationships
- IPO proceeds will support capacity expansion and purchase of machinery
- Diversified product portfolio across tarpaulins, shade nets and related products
Risks
- High dependence on a limited number of major customers
- Significant concentration among key suppliers
- High debt and dependence on working-capital facilities
- Business is sensitive to fluctuations in polymer and raw-material prices
- Negative operating cash flow in recent financial years
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed15 Sept 2026Bidding starts for all investor categories
IPO Closes
Completed17 Sept 2026Last day to place your bid
Basis of Allotment
Completed18 Sept 2026Share allotment finalised
Refund Initiation
Completed21 Sept 2026Refunds credited for non-allottees
Credit to Demat
Completed21 Sept 2026Allotted shares credited to demat account
Listing on Exchange
Completed22 Sept 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹118,000 | 1 | ₹118,000 | 1 lot only |
| HNI | 2 | 4000 | ₹236,000 | 2 | ₹236,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,347,826 | 13.5 | 0 | 0.00x | 100% |
| NII | 15% | 704,348 | 4.05 | 0 | 0.00x | 100% |
| Retail | 35% | 1,643,478 | 9.45 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
