Shakti Polytarp IPO GMP today is Rs 6. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
SHAKTIPOLY
Shakti Polytarp IPO GMP & Allotment
Shakti Polytarp is engaged in the manufacturing of tarpaulins and related products such as shade nets. The company operates its manufacturing facility in Indore, Madhya Pradesh, where it utilizes raw materials like plastic granules to produce its offerings. In addition to its manufacturing operations, the business is involved in the trading of granules, which include polypropylene, low-density polyethylene, and high-density polyethylene. The company generates its revenue primarily through two operating segments: the manufacturing and sale of various types of tarpaulins and shade nets, and the trading of granules in the open market. By procuring raw materials in bulk, the company utilizes a portion for its internal manufacturing needs while selling the remaining inventory to optimize procurement efficiencies. The business focuses on business-to-business transactions and serves a concentrated customer base, with a significant portion of its sales originating from the state of Madhya Pradesh.
- IPO Price Band
- ₹56.00 - ₹59.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 17 Sept 2026
- Listing Date
- 22 Sept 2026
Quick Answer & Highlights
Shakti Polytarp IPO GMP Today & Key Takeaways
Last updated: 21 Sept 2026
Shakti Polytarp IPO officially listed on 22 Sept 2026 at Rs 58.90, delivering a -0.17% listing gain compared to its issue price of Rs 26.93. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹6.
Shakti Polytarp IPO officially listed on 22 Sept 2026 at ₹58.90, delivering a -0.17% listing gain compared to its issue price of ₹26.93. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹6.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹6 | +10.17% vs upper band (21 Sept 2026) |
| Est. Listing Price | ₹58.90 | -0.17% Est. Listing Gain |
| Price Band | ₹56.00 - ₹59.00 | SME IPO |
| Retail Minimum Investment | ₹2,36,000 | 2 Lot (2,000 Shares) |
| Bidding Window | 15 Sept 2026 – 17 Sept 2026 | Listed |
| Allotment & Listing Dates | Allotment: 18 Sept 2026 | Listing: 22 Sept 2026 |
Current GMP Status
₹6
+10.17% vs upper band
Est. Listing Gain
-0.17%
Last Trend
21 Sept 2026
Listing Price
₹58.90
Retail Entry
₹2,36,000
IPO Details
Complete IPO information
| IPO Open Date | 15 Sept 2026 |
|---|---|
| IPO Close Date | 17 Sept 2026 |
| IPO Price Band | ₹56.00 - ₹59.00 |
| Lot Size | 2,000 Shares |
| Current GMP | ₹6 |
| Estimated Listing Gain | -0.17% |
| Issue Size | Approx ₹26.93 Cr |
| Fresh Issue | Approx ₹26.93 Cr |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 11.2x |
| Minimum Investment | ₹2,36,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 5.64 | 277.62 | 49.22xx |
| NII | 15.98 | 76.54 | 4.79xx |
| Retail | 15.8 | 65.04 | 4.12xx |
| Overall Subscription | 37.42 | 419.2 | 11.20xx |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Shakti Polytarp is priced at ₹59 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,36,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Shakti Polytarp stands at ₹6, implying an estimated listing gain of around 10.17% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Shakti Polytarp's IPO was subscribed 11.2x overall, with a category-wise breakdown of Retail 4.12x, QIB 49.22x, NII 4.79x.
Among the strengths highlighted in Shakti Polytarp's IPO documents: Offers customized, end-to-end solutions for tarpaulins and shade nets.; A strategic facility in Madhya Pradesh provides locational and subsidy benefits..
Investors should also weigh the risk factors Shakti Polytarp has disclosed, including: High revenue dependency on a limited range of products like tarpaulins and granules..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
15 Sept 2026
✓
Bidding Closes
17 Sept 2026
✓
Allotment
18 Sept 2026
✓
Listing
22 Sept 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 15 Sept 2026 | Completed |
| Bidding Closes | 17 Sept 2026 | Completed |
| Allotment | 18 Sept 2026 | Completed |
| Listing | 22 Sept 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 21 Sept 2026 | ₹6.00 | - | 10.17% |
| 18 Sept 2026 | ₹6.00 | +₹6.00 | 10.17% |
| 11 Sept 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,36,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,36,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹3,54,000 |
| S-HNI Maximum | 8 Lot | 16,000 | ₹9,44,000 |
| B-HNI Minimum | 9 Lot | 18,000 | ₹10,62,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- Offers customized, end-to-end solutions for tarpaulins and shade nets.
- A strategic facility in Madhya Pradesh provides locational and subsidy benefits.
- Utilizes bulk discount schemes for cost-effective raw material procurement.
- Broad product portfolio with various GSMs, widths, and shading percentages.
- Established relationships with a concentrated B2B customer base ensure volume sales.
Risks
- High revenue dependency on a limited range of products like tarpaulins and granules.
- The registered office and manufacturing facility operate on leased, non-owned premises.
- Heavy reliance on a few clients, with the top ten customers driving over 77% of revenue.
- Experienced negative cash flows from operating activities in prior fiscal years.
- Top ten suppliers account for up to 90% of raw materials, increasing supply chain risks.
Analysis
Shakti Polytarp IPO Reservation
The Shakti Polytarp IPO shares are reserved across Anchor Investors, Qualified Institutional Buyers, Non-Institutional Investors and Retail Investors. The reservation structure indicates how the offered shares are distributed among the different investor categories participating in the public issue.
Anchor Investors have been allocated 18.01% of the offered shares, while QIB investors excluding the Anchor portion account for 12.36%. NII investors have a 29.97% allocation and Retail Investors have the largest category allocation at 34.62%.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | 8,22,000 Shares | 18.01% |
| QIB (Ex. Anchor) | 5,64,000 Shares | 12.36% |
| NII Shares Offered | 13,68,000 Shares | 29.97% |
| Retail Shares Offered | 15,80,000 Shares | 34.62% |
Note: The reservation percentages and share counts are based on the Shakti Polytarp IPO data provided above.
Analysis
Shakti Polytarp IPO Anchor Investors
Shakti Polytarp IPO has an Anchor Investor portion of 8,22,000 shares. The anchor bidding process is scheduled before the public issue opens and provides an indication of institutional participation in the IPO.
The anchor allocation is subject to the applicable lock-in requirements. The relevant dates for the 30-day and 90-day portions, along with the anchor investor details, are provided below for reference.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 11, 2026 |
| Shares Offered | 8,22,000 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026. |
Note: Anchor size and lock-in dates are shown as provided. The exact dates can be updated when the final anchor allocation details are available.
Analysis
Shakti Polytarp IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 15 Sept 2026 |
| IPO Close Date | 17 Sept 2026 |
| Basis of Allotment | 18 Sept 2026 |
| Refunds | 21 Sept 2026 |
| Credit to Demat Account | 21 Sept 2026 |
| IPO Listing Date | 22 Sept 2026 |
Note: The timeline for Shakti Polytarp IPO is tentative and subject to change.
Analysis
Shakti Polytarp Promoters and Holding Pattern
The promoters of Shakti Polytarp are Ravi Singhal, Vivek Singhal, Trisha Singhal and Priyal Singhal. Before the IPO, the promoter and promoter group held 88.51% of the company's shares, while the remaining 11.49% was held by other shareholders.
After the IPO, the promoter and promoter group holding is expected to reduce to 64.92%. The post-IPO shareholding of other shareholders is expected to increase to 35.08%, reflecting the dilution resulting from the fresh issue.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 1,11,19,990 | 88.51% | 11,119,990 | 64.92% |
| Others* | 14,44,010 | 11.49% | 6,008,010 | 35.08% |
| Total | 1,25,64,000 | 100% | 17,128,000 | 100% |
Note: Shareholding figures and percentages are based on the Shakti Polytarp IPO data provided above.
Analysis
Shakti Polytarp Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Capital Expenditure for the purchase of plant and machinery | 20.88 (77.53%) |
| General corporate purposes | 6.05 (22.47%) |
Note: Objectives are as specified in the DRHP/RHP documents of Shakti Polytarp.
Analysis
Shakti Polytarp About Ipo
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.
Analysis
Shakti Polytarp Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 62.23 Cr. | 61.08 Cr. | 0.98 Cr. | 40.29 Cr. |
| 2025 | 166.50 Cr. | 159.60 Cr. | 4.97 Cr. | 71.39 Cr. |
| 2026 | 216.10 Cr. | 202.51 Cr. | 10.06 Cr. | 110.12 Cr. |
Note: Financial numbers for Shakti Polytarp are in ₹ Crores unless stated otherwise.
Analysis
Shakti Polytarp Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 44.04% |
| ROCE | 17.87% |
| EBITDA Margin | 8.94% |
| PAT Margin | 4.66% |
| Debt to Equity Ratio | 2.60 |
| Earning Per Share (EPS) | 8.00 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 44.04% |
| Net Asset Value (NAV) | 22.18 |
Note: Valuation KPIs for Shakti Polytarp are computed for FY2026.
Analysis
Shakti Polytarp IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Commercial Syn Bags Limited | 6.75 | 43.93 | 16.86% | 43.03 | 26.96 Cr. |
| Shree Tirupati Balajee Agro Trading Company Ltd | 1.08 | 24.26 | 3.49% | 31.61 | 8.84 Cr. |
Note: Peer group comparisons for Shakti Polytarp are sourced from DRHP filings.
Analysis
Shakti Polytarp IPO Lead Managers aka Merchant Bankers
- NEXGEN Financial Solutions Pvt. Ltd.
Comparison
Compare Shakti Polytarp IPO with similar IPOs
FAQ
Shakti Polytarp IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 6 and an issue price of Rs 59, the estimated listing price for Shakti Polytarp IPO is Rs 65.00 (approx 10.17% listing gain). Actual listing price is determined by market demand on the listing day.
Shakti Polytarp IPO price band is Rs 56.00 to Rs 59.00. Check the latest issue price, lot size and GMP together before applying.
Shakti Polytarp IPO open date is 15 Sept 2026, close date is 17 Sept 2026, and listing date is 22 Sept 2026.
Shakti Polytarp IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,36,000.
Shakti Polytarp is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Shakti Polytarp IPO subscription status currently shows Retail 4.12x, QIB 49.22x, NII 4.79x, Overall 11.2x.
Shakti Polytarp is engaged in the manufacturing of tarpaulins and related products such as shade nets. The company operates its manufacturing facility in Indore, Madhya Pradesh, where it utilizes raw materials like plastic granules to produce its offerings. In addition to its manufacturing operations, the business is involved in the trading of granules, which include polypropylene, low-density polyethylene, and high-density polyethylene. The company generates its revenue primarily through two operating segments: the manufacturing and sale of various types of tarpaulins and shade nets, and the trading of granules in the open market. By procuring raw materials in bulk, the company utilizes a portion for its internal manufacturing needs while selling the remaining inventory to optimize procurement efficiencies. The business focuses on business-to-business transactions and serves a concentrated customer base, with a significant portion of its sales originating from the state of Madhya Pradesh.
Shakti Polytarp IPO issue size is 26.93 and the expected allotment date is 18 Sept 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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