Shakti Polytarp (SME IPO)
📅 Dates: 15-17 September • 💰 Issue Size: ₹26.93 Cr.Complete guide to Shakti Polytarp SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (BSE SME) |
| Issue Dates | 15-17 September |
| Price Band | ₹56 to ₹59 |
| Total Issue Size | ₹26.93 Cr. |
| Minimum Market Lot | 4000 shares (Min. Inv: ₹2,36,000) |
| Listing Price (Debut) | ₹49.00 (-₹1.00 (-2.00%)) |
| Subscription Status | 11.87x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐⭐⭐☆ (4/5 - Strong Demand) |
📅 Tentative Timetable
| IPO Open Date: | September 15, 2026 |
| IPO Close Date: | September 17, 2026 |
| Basis of Allotment: | September 18, 2026 |
| Refunds: | September 21, 2026 |
| Credit to Demat Account: | September 21, 2026 |
| IPO Listing Date: | September 22, 2026 |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 49.22x |
| Non-Institutional / HNI | 5.43x |
| Retail Individual (RII) | 4.12x |
| Total Subscription | 11.87x (Updated: 07 Oct, 17:54) |
💼 Market Lot & Investment Sizing
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4000 | ₹2,36,000 |
| Retail Maximum | 2 | 4000 | ₹2,36,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,54,000 |
| S-HNI Maximum | 8 | 16,000 | ₹9,44,000 |
| B-HNI Minimum | 9 | 18,000 | ₹10,62,000 |
💰 Financial Summary
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹62.23 | ₹61.08 | ₹0.98 | ₹40.29 |
| 2025 | ₹166.50 | ₹159.60 | ₹4.97 | ₹71.39 |
| 2026 | ₹216.10 | ₹202.51 | ₹10.06 | ₹110.12 |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Shakti Polytarp manufactures and sells a diverse range of durable, water-resistant plastic tarpaulins—including PP, LLDPE, LDPE, and HDPE variants—under its flagship "Dinotarp" brand. The company earns its revenue by supplying these protective covering solutions to sectors like agriculture, construction, automotive, and transportation.🚀 Key Strengths & Growth Drivers
• Integrated Manufacturing Infrastructure: Operates a substantial 1,98,450 sq. ft. facility in Madhya Pradesh equipped with advanced high-speed extrusion tapelines, lamination machines, and circular looms.• Diversified End-Use Applications: Products cater to multiple high-demand industries including agriculture, construction, and transport, reducing sector-specific cyclical risks.
• Capacity Expansion Focus: The primary objective of the IPO is to fund capital expenditure (₹20.88 crores), which will directly drive future top-line growth and manufacturing scale.
⚠️ Key Risks & Red Flags
• High Ticket Size (SME Segment): The lot size of 4,000 shares at a price band of ₹56 to ₹59 translates to a steep minimum investment of over ₹2.2 lakhs, locking in significant retail capital.• Commodity Price Volatility: Margins are vulnerable to raw material price fluctuations in plastic polymers like PP, LDPE, and HDPE.
• Execution Risk: Deploying the entire proceeds toward capital expenditure puts pressure on management to successfully scale operations and deliver expected returns on invested capital.
🎯 Retail Verdict
Given the high minimum investment threshold of an SME IPO and execution risks tied to capacity expansion, this issue is best suited for aggressive investors with a high-risk appetite and a long-term horizon. Conservative retail investors should approach with caution and review the post-issue fundamentals carefully.🏢 About Shakti Polytarp | Dates: 15-17 September | Price: ₹56 to ₹59 | Lot: 4000
Shakti Polytarp, founded in March 2018, is one of the leading manufacturers of tarpaulins and other plastic-based products. Tarpaulins are water-resistant and durable sheets that are used to protect goods, equipment, and other materials from rain, moisture, sunlight, and other environmental conditions. Its product portfolio includes tarpaulins using Polypropylene (PP) granules, Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), and High-Density Polyethylene (HDPE) in different sizes, colors, thicknesses, and specifications.Its manufacturing facility is located in Nimrani, Khargone, Madhya Pradesh, spread across approximately 1,98,450 sq. ft. Its facilities are equipped with high-speed extrusion tapelines, extra-wide extrusion lamination machines, high-speed wide-width circular looms, high-strength sealing machines, and recycling machines. Shakti Polytarp sells its products under the “Dinotarp” brand, used across agriculture, construction, automotive, transportation and logistics, consumer goods, and other industries.
🎯 Objects of the Issue
• Capital Expenditure: ₹20.88 Cr• General Corporate Purposes
📬 Registrar & Allotment Information
Skyline Financial Services Pvt. Ltd. Phone: 011-26812682 Email: [email protected] Website: IPO Information | Skyline Financial Services Pvt Ltd💬 Community Discussion & Views
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Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
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