Shakti Polytarp IPO

About Shakti Polytarp IPO

The public issue of the Shakti Polytarp IPO, an SME IPO, opens on Tuesday, September 15, 2026 and closes on Thursday, September 17, 2026. The allotment of shares will take place on Friday, September 18, 2026. The credit of shares to the demat account will take place on Monday, September 21, 2026. The initiation of refunds will take place on Monday, September 21, 2026. The listing of shares will take place on Tuesday, September 22, 2026.

The equity shares offered through the IPO are proposed to be listed on the BSE SME platform.

The offer consists of a fresh issue. The fresh issue will include 0.46 crore shares of ₹26.93 crore. The total number of shares and aggregate amount are 45,64,000 shares aggregating up to ₹27 crores.

Shakti Polytarp IPO’s price band is set at ₹56 to ₹59 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by a retail investor is ₹2,36,000 (4,000 shares) based on the upper price.

Shakti Polytarp is engaged in the business of manufacturing tarpaulin and other products including Shade Net. Their products have diverse applications across various industries including agriculture, construction, automotive, transportation & logistics and consumer goods.

Objectives of Shakti Polytarp IPO

• Capital expenditure.
  
• General corporate purposes.
  

Industry Outlook

The Tarpaulin Industry is undergoing structural shifts driven by agri-logistics modernization, infrastructure expansion, sustainability imperatives, and substitution of low-quality imports. Between FY2026 and FY2033, the segment is expected to benefit from both cyclical demands linked to real estate and logistics, and secular demand levers tied to agricultural resilience and climate adaptation.

The Union Budget FY2025–26 allocated ₹11.21 lakh crore (3.1% of GDP) toward capital expenditure, sustaining the momentum of infrastructure creation. This directly expands downstream demand for polymer-based products such as tarpaulins, FIBCs, and HDPE/LDPE packaging used in agriculture, logistics, housing, and construction.

About Shakti Polytarp

Shakti Polytarp is engaged in the business of manufacturing tarpaulin and other products including shade net. Their products have diverse applications across various industries including agriculture, construction, automotive, transportation & logistics and consumer goods. They offer end-to-end services, assisting clients in selecting the right type of tarpaulin for their applications while also providing design and customization options according to the intended use.

They are also engaged in the business of sale of granules. These granules serve as the raw material for producing tarpaulin through a process that includes melting, extrusion, weaving, and lamination. Their business primarily operates on a B2B (Business-to-Business) model, supplying tarpaulin and other products to various industries. A significant portion of their revenue is generated from bulk orders placed by businesses that require tarpaulins. Additionally, they cater to the B2C (Business-to-Consumer) segment as well, where they offer their products directly to end consumers. While their primary focus remains on B2B sales, the B2C segment contributes a smaller portion of their overall revenue.

Strengths of Shakti Polytarp

• Diverse usage of products.
• In-house manufacturing facility.
• Experienced and qualified management team.
• Established client relationship.

Risks of Shakti Polytarp

• Their inability or failure to manage and attract more clients for tarpaulin.
• They are dependent on a limited number of customers for a significant portion of their revenues.
• Any dispute with one or more of their top 10 suppliers who contribute a significant portion to their raw materials.
• Extensive government regulation and the impact of plastics on the environment.
• Majority of their revenues from operations are derived from the State of Madhya Pradesh.

Anchor Investor Bidding Date

Friday, September 11, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
Skyline Financial Services Private Limited
Email: ipo@skylinerta.com
Tel.: 011-26812682

Book Running Lead Manager
NEXGEN Financial Solutions Pvt.Ltd.

Shakti Polytarp Contact Details
Shop No. 4, 4/1 Nayapura Main Road Indore, Madhya Pradesh, 452009
Email: md@shaktipolytarp.com
Phone: +91-9826648050

Business Model

The company earns its revenue through manufacturing of tarpaulin and other products including shade net. They are also engaged in the business of sale of granules that serve as the raw material for producing tarpaulin

Shakti Polytarp Growth Trajectory

Shakti Polytarp’s Total Income for FY26 was ₹216.10 crores, whereas in FY25 and FY24 it was ₹166.49 crores and ₹62.22 crores, respectively.

The Profit After Tax for FY26 was ₹10.06 crores, whereas in FY25 and FY24 it was ₹4.97 crores and ₹0.98 crores, respectively.

Their EBITDA for FY26 was ₹19.29 crores, whereas in FY25 and FY24 it was ₹10.69 crores and ₹3.83 crores, respectively.

Shakti Polytarp Market Position

They manufacture a wide range of tarpaulin such as Geotextile, Lumber Wrap, House Wraps, Pond Linners, Green Net etc. Their products find diverse applications across various industries including Agriculture, Construction, Automotive, Transportation & Logistics and Consumer goods.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹216.10 crores, ₹10.06 crores, and ₹19.29 crores, respectively.

How to apply for Shakti Polytarp IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.