Shakti Polytarp IPO
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Shakti Polytarp IPO details
Schedule of Shakti Polytarp
| Issue open date | 15 Sep 2026 |
| Issue close date | 17 Sep 2026 |
| UPI mandate deadline | 17 Sep 2026 (5 PM) |
| Allotment finalization | 18 Sep 2026 |
| Refund initiation | 21 Sep 2026 |
| Share credit | 21 Sep 2026 |
| Listing date | 22 Sep 2026 |
| Mandate end date | 02 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 17 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 16 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shakti Polytarp
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.
Financials of Shakti Polytarp
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 26.93 |
| Fresh Issue – Proceeds go to the company | 26.93 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure for the purchase of plant and machinery | 20.88 (77.53%) |
| General corporate purposes | 6.05 (22.47%) |
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.