Shakti Polytarp Limited IPO
Shakti Polytarp Limited IPO closed on 17 Sept 2026. Allotment 18 Sept 2026, listing 22 Sept 2026. Price band ₹56–₹59, lot 2000 shares, GMP +₹10 (16.95%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · BSE |
| Price band | ₹56–₹59 |
| Lot size | 2000 shares |
| Minimum investment | ₹2,36,000 |
| Issue size | ₹26.93 Cr |
| GMP | +₹10 (16.95%) |
| Open date | 15 Sept 2026 |
| Close date | 17 Sept 2026 |
| Allotment date | 18 Sept 2026 |
| Listing date | 22 Sept 2026 |
| Registrar | Skyline Financial Services Pvt |
About Shakti Polytarp Limited
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…
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.