Shakti Polytarp Limited IPO — Subscription & GMP
- Price band
- ₹56 – ₹59
- Lot size
- 2000
- Issue size
- ₹22.08 Cr
- Bidding
- 15 Sept 2026 → 17 Sept 2026
- Allotment
- —
- Listing
- 22 Sept 2026
Listing outcome
Official exchange pricesNo grey market premium was recorded at the close of bidding, so there is nothing to score this listing against.
Schedule
- 15 Sept 2026IPO open date
- 17 Sept 2026IPO close date
- 18 Sept 2026Allotment date†
- 18 Sept 2026Funds unblock or debit†
- 22 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsShakti Polytarp Limited - Business Model Summary
Shakti Polytarp Limited operates as a manufacturer and supplier of water-resistant polymer products, specializing in high-density polyethylene (HDPE) tarpaulins, shade nets, and packaging solutions under the brand name Dinotarp.
Core Segments & Product Portfolio
1. Polymer Manufacturing Segment: - Products: Manufactures a diverse range of water-resistant tarpaulins (ranging from 70 GSM to 450 GSM), geotextiles, lumber wraps, house wraps, pond liners, and agricultural green/shade nets. - Applications: Serves multi-sector utility needs across agriculture, construction, automotive, transportation, logistics, and warehousing.
2. Polymer Trading Segment: - Engages alongside manufacturing in the commercial sale of polymer granules (the primary raw material used for extruding and weaving plastic films).
Operational Model
- In-House Processing: Manages end-to-end production workflows—including melting, polymer extrusion, weaving, lamination, and final fabrication—at its large-scale manufacturing unit located in Madhya Pradesh.
- Client Customization: Provides advisory and design flexibility, helping clients choose specific dimensions, weights, and tensile strengths matching their intended environmental protection requirements.
Revenue Streams
- B2B Industrial & Bulk Sales: Generates the majority of its revenue through institutional, bulk B2B supply contracts with corporate entities, contractors, and agricultural distributors.
- Retail / B2C Distribution: Supplements institutional income by retailing standardized tarpaulin and protection products directly to end consumers.
- Granule Trading Revenue: Realizes secondary revenue via the commercial distribution of raw polymer granules to external processors.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from BSE · fetched 776 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers (QIBs) | 5.64 L | 2.78 Cr | 49.22× |
| 1(a)Foreign Institutional Investors (FIIs) | — | 46.86 L | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 18,000 | — |
| 1(c)Mutual Funds | — | — | — |
| 1(D)Others | — | 2.31 Cr | — |
| 2Non Institutional Investors | 15.98 L | 76.54 L | 4.79× |
| 2(a)Corporates | — | 5.72 L | — |
| 2(b)Individuals (Other than RIIs) | — | 70.06 L | — |
| 3Retail Individual Investors (RIIs) | 15.80 L | 65.04 L | 4.12× |
| 3(a)Cut Off | — | — | — |
| 3(b)Price Bids | — | 65.04 L | — |
| 4Employee Reserved | — | 0 | — |
| 4(a)Employee (Cut off) | — | — | — |
| 4(b)Employee (Price) | — | — | — |
| 5Reservation PortionShareholder | — | 0 | — |
| 5(a)RPS (Cut off) | — | — | — |
| 5(b)RPS (Price) | — | — | — |
| Total | 37.42 L | 4.19 Cr | 11.20× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹56 → ₹59 · peak 4.19 Cr shares bid
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹56 – ₹59
- Lot size
- 2000 shares
- Min. bid quantity
- 4000
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 37.42 L
- Issue size
- ₹22.08 Cr
- Max bid · QIB
- 35.12 L
- Max bid · NII
- 29.48 L
Timeline & process
- Bidding opens
- 15 Sept 2026
- Bidding closes
- 17 Sept 2026
- Allotment
- —
- Listing
- 22 Sept 2026
Intermediaries
- Registrar
- Skyline Financial Services Private Limited
- Sponsor bank
- AXIS BANK
- Lead managers
- NEXGEN Financial Solutions Private Limited