Shakti Polytarp IPO
Packaging • ₹26.93 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹59
Lot Size
2000 shares
Issue Size
₹26.93 Cr
Open
15 Sept 2026
Close
17 Sept 2026
Subscription
10.6×
IPO Schedule
| Issue Open Date | 15 Sept 2026 |
| Issue Close Date | 17 Sept 2026 |
| Allotment Date | 18 Sept 2026 |
| Listing Date | 21 Sept 2026 |
About Shakti Polytarp
Shakti Polytarp is a manufacturer of tarpaulin and water-resistant materials used for protecting goods, equipment, and other products from rain, moisture, and weather-related exposure. Its tarpaulins are manufactured using PP granules, LLDPE, LDPE, and HDPE and are available in different sizes, colours, specifications and thicknesses ranging from 70 GSM to 450 GSM. The company specialises in manufacturing six-layer and eight-layer tarpaulins and sells its products under the brand name Dinotarp. Its manufacturing unit is located at Nimrani, Khargone, Madhya Pradesh, and spans approximately 198,450 sq. ft. The facility is equipped with an extrusion tape line, extrusion lamination, circular looms, sealing machines, and recycling machines. Products undergo examination, testing, and evaluation for compliance with customer specifications and industry standards. The company also sells granules used as raw materials in tarpaulin manufacturing. It primarily operates on a B2B model, supplying products to businesses across industries, while also catering to B2C customers.
Company Details
Founders / Promoters
Mr. Ravi Singhal
Founded
2018
Registrar
Skyline Financial Services Pvt
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Shakti Polytarp — IPOFins Verdict
QuantitativeDriven by QIB demand at 49.2x and moderate disclosed risk (6/10), Shakti Polytarp listed at a discount of 0.2% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- The company claims to manufacture a wide range of tarpaulin products, including geotextile, lumber wrap, house wraps, pond liners, and green net. These products serve customers across the agriculture,
- The company claims to undertake its manufacturing operations at its facility in Nirmani, Khargone, Madhya Pradesh, equipped to develop and manufacture its product portfolio. Its in-house operations su
- The company claims to have established relationships with domestic clients from whom it receives regular orders. It states that understanding customer needs and preferences helps maintain these relati
- The company has seen a consistent increase in revenue from operations and PAT. Revenue from operations increased from Rs 62.01 crore in FY24 to Rs 166.23 crore in FY25 to Rs 215.65 crore in FY26, whil
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +2.0
Actual listing outcome → score −0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹59
Listing Price
₹58.9
Listing Gain/Loss
-0.17%
Listing Date
21 Sept 2026
Price Since Listing
Returns are measured against the ₹59 issue price.
Listing
₹58.9
-0.2%
1 Week
₹56
-5.1%
Current
₹56
-5.1%
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FAQ
What is the price band of Shakti Polytarp IPO?
The price band is ₹59 per share with a lot size of 2000 shares. Minimum investment: ₹1,18,000.
What does Shakti Polytarp do?
Shakti Polytarp is a manufacturer of tarpaulin and water-resistant materials used for protecting goods, equipment, and other products from rain, moisture, and weather-related exposure. Its tarpaulins are manufactured using PP granules, LLDPE, LDPE, and HDPE and are available in different sizes, colours, specifications and thicknesses ranging from 70 GSM to 450 GSM. The company specialises in manufacturing six-layer and eight-layer tarpaulins and sells its products under the brand name Dinotarp. Its manufacturing unit is located at Nimrani, Khargone, Madhya Pradesh, and spans approximately 198,450 sq. ft. The facility is equipped with an extrusion tape line, extrusion lamination, circular looms, sealing machines, and recycling machines. Products undergo examination, testing, and evaluation for compliance with customer specifications and industry standards. The company also sells granules used as raw materials in tarpaulin manufacturing. It primarily operates on a B2B model, supplying products to businesses across industries, while also catering to B2C customers.
Should I apply for Shakti Polytarp IPO?
Shakti Polytarp listed at ₹58.9 (-0.2% discount to the ₹59 issue price) after 10.6x subscription. IPOFins Score 6/10: Driven by QIB demand at 49.2x and moderate disclosed risk (6/10), Shakti Polytarp listed at a discount of 0.2% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Shakti Polytarp?
Shakti Polytarp was founded by Mr. Ravi Singhal in 2018.