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Shakti Polytarp IPO
Price Band
₹56.0–59.0
Issue Size
₹26.93 Cr
Lot Size
2,000 shares
Min Investment
₹236,000
2 LOTS MIN
GMP
+₹10.0 (16.95%)
Issue Price
₹59.0
Subject to Sauda
₹15200
Paid only if allotted
Shakti Polytarp IPO AI Summary
- Shakti Polytarp IPO is listed on BSE SME in the Packaging sector.
- Price band: ₹56.0–₹59.0 per share, lot size 2,000 shares (min. investment ₹236,000, 2 lots minimum).
- Subscription window: 15 Sep–17 Sep 2026, listing on 22 Sep 2026.
- Current GMP is +₹10.0 (16.95%), an estimated listing price of ₹69 — unofficial and can change daily.
Shakti Polytarp Limited is an emerging player in the packaging sector, focusing on tarpaulin and Shade Net manufacturing. With a strong growth trajectory in revenue and profit, the company is positioned to leverage its diverse product applications and established client relationships. Investors should consider the associated risks and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
11.87x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
49.22x
|
49x ✓ |
| NII (HNI) |
5.43x
|
5.43x |
| ↳ bNII (>₹10L) |
6.11x
|
6.11x |
| ↳ sNII (<₹10L) |
4.05x
|
4.05x |
| Retail (RII) |
4.12x
|
4.12x |
| Total | 11.87x | 11.87x |
Auto-updated every 5 min · As of 17th Sep 2026 18:33
Shakti Polytarp IPO Grey Market Premium (GMP) Today
GMP
+₹10.0
GMP %
+16.95%
Est. Listing
₹69.0
Updated: 22 Sep 2026 07:15
GMP Trend (Last 13 Days)
About the Company
Incorporated in March 2018, Shakti Polytarp Limited manufactures tarpaulin and Shade Net. The company's products are used in agriculture, construction, automotive, transportation, logistics, and consumer goods. The company offers comprehensive services, helping clients choose the appropriate tarpaulin and providing design and customization options for their applications. The company's manufacturing unit spans 18,432 sq. meters and is located in Khargone, Madhya Pradesh. The company engages in B2B sales of granules used to produce tarpaulin through melting, extrusion, weaving, and lamination. The company operates on a B2B (Business-to-Business) model, supplying tarpaulin and other products to various industries and in the B2C (Business-to-Consumer) segment, offering its products directly to consumers. As of January 31, 2025, the company had a total of 76 employees on its payroll. Competitive Strength: Diverse usage of products. In-house manufacturing facility. Experienced and Qualified management team. Established client relationship.
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 110.12 | 71.39 | 40.29 |
| Total Income | 216.10 | 166.50 | 62.23 |
| Profit After Tax | 10.06 | 4.97 | 0.98 |
| EBITDA | 19.29 | 10.69 | 3.83 |
| NET Worth | 27.86 | 17.80 | 10.84 |
| Reserves and Surplus | 15.30 | 5.24 | 5.13 |
| Total Borrowing | 72.51 | 48.00 | 23.36 |
Key Ratios
EPS
₹8.00
NAV
₹22.18
ROE
44.04%
ROCE
17.87%
RoNW
44.04%
P/B Value
2.66
P/E Ratio
7.38
Market Cap
₹101.06 Cr
PAT Margin
4.66%
Debt/Equity
2.60
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Shree Tirupati Balajee Agro Trading Company Ltd | 31.61 | 3.49% | 24.26 | 1.08 |
| Commercial Syn Bags Ltd | 43.03 | 16.86% | 43.93 | 6.75 |
| Shakti Polytarp Ltd. This IPO | 22.18 | 44.04% | — | 8 |
Promoters
Ravi Singhal, Vivek Singhal, Trisha Singhal, Priyal Singhal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure 20.88 2 General Corporate Purposes 2.54 3 Issue Expenses 3.50 Total 26.93
IPO Evaluation
Generated 25 Sep 2026Revenue Trend
Total income increased from ₹62.23 Cr for the period ending 31 Mar 2024 to ₹166.50 Cr by 31 Mar 2025, and further rose to ₹216.10 Cr by 31 Mar 2026. This indicates a strong upward trend in revenue over the analyzed periods.
Profit Trend
Profit After Tax rose from ₹0.98 Cr in the period ending 31 Mar 2024 to ₹4.97 Cr by 31 Mar 2025, and further increased to ₹10.06 Cr by 31 Mar 2026. This consistent growth reflects an improving profitability trend.
Valuation
Shakti Polytarp's implied P/E at the issue price is 7.38, compared to peers trading at a P/E range of 24.26 to 43.93.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO in the secondary market before it officially lists. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price.
Subscription Demand
The IPO was well-received, with total subscriptions of 11.87 times as of 17th September 2026. The QIB category saw a subscription of 49.22 times, while NII and Retail categories were subscribed 5.43 times and 4.12 times, respectively.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid investing in IPOs, which can be more volatile and uncertain.
IPO Timeline, Explained
The IPO opens for subscription on 15th September 2026 and closes on 17th September 2026. Allotment of shares will be done on 18th September 2026, and the listing is expected to occur on 22nd September 2026.
Listing Gains — The Risk
Listing gains are the potential profits made when an IPO lists at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment on the listing day.
This evaluation is generated from Shakti Polytarp's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shakti Polytarp IPO GMP today?
Shakti Polytarp IPO GMP today is +₹10.0 (16.95%), indicating an estimated listing price of ₹69. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shakti Polytarp IPO?
The price band of Shakti Polytarp IPO is ₹56.0–₹59.0 per share.
When does Shakti Polytarp IPO open and close?
Shakti Polytarp IPO opens on 15 September 2026 and closes on 17 September 2026.
When does Shakti Polytarp IPO list on the stock exchange?
Shakti Polytarp IPO listed on 22 September 2026 at ₹69.0.
What is the lot size for Shakti Polytarp IPO?
The lot size for Shakti Polytarp IPO is 2000 shares, requiring a minimum investment of ₹236,000 (2 lots).
What is the lot size for this IPO?
The lot size for Shakti Polytarp's IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹236,000.
What is the price band for the shares?
The price band for the shares is ₹56.0 to ₹59.0.
When is the listing date for the IPO?
The listing date for the IPO is 22nd September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the shares are likely to trade on listing day.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
15 Sep 2026
Close
17 Sep 2026
Allotment
18 Sep 2026
Listing
22 Sep 2026
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