- POSITIVE
Annual Revenue Shakti Polytarp Mar-2026 Annual Revenue is Rs 216 Cr which is growth of 29.8% YoY.
- POSITIVE
Annual Net Profit Shakti Polytarp Mar-2026 Annual Net Profit is Rs 10 Cr which is growth of 102.5% YoY.
Shakti Polytarp was incorporated on March 22, 2018. The company manufactures water-resistant tarpaulins made from materials such as polyethylene and polypropylene, available in various sizes and thicknesses for different applications. Its products are used across construction, agriculture and transportation to protect equipment, vehicles, building materials and outdoor items from weather conditions
| Bidding Dates |
|---|
| 15 Sep 2026 - 17 Sep 2026 |
| Subscription |
|---|
| 11.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹224,000 | 2 | 2 | 2000 | 4.6 M | ₹56 - ₹59 | 64.92 % | ₹255.6 M - ₹269.3 M | RHP DOC |
Shakti Polytarp IPO SUBSCRIPTION STATUS
17 Sep '26Total11.2x
Retail Individual Investor4.12x
HNI (NII) Investors4.79x
Qualified Institutional Buyers49.22x
Shakti Polytarp IPO overall subscription rate was 11.2 times the total available shares
Shakti Polytarp IPO retail subscription rate was 4.12 times in the retail segment
Shakti Polytarp IPO non-institutional investor subscription rate was 4.79 times in the non-institutional investor category
Shakti Polytarp IPO Qualified Institutional Bidder subscription rate was 49.22 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
17 Sep 2026 (Day 3) | 4.12x | 4.79x | 49.22x |
16 Sep 2026 (Day 2) | 0.26x | 1.47x | 0x |
15 Sep 2026 (Day 1) | 0.11x | 1.29x | 0x |
Shakti Polytarp FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 215.6 | 10.1 | 13.4 | -13.5 | 8.94% |
| FY25 | 166.2 | 5.0 | -10.8 | -15.6 | 6.43% |
| FY24 | 62.0 | 1.0 | -2.1 | -2.4 | 6.18% |
Shakti Polytarp IPO SUBSCRIPTION STATUS DETAILS
Shakti Polytarp had 4.6 M shares on offer
Shakti Polytarp IPO offer price was in the range ₹56 - ₹59
Shakti Polytarp IPO minimum Investment was ₹224000
Shakti Polytarp IPO issue size was ₹ 255.6 M - ₹ 269.3 M
Shakti Polytarp had a minimum lot size of 2000 Shares per application
Shakti Polytarp NUMBER OF SHARES ON OFFER
Total4.6 M
Fresh Issue4.6 M
Offer for Sale0
Post Issue Promoter Holding %64.92 %
Shakti Polytarp IPO IMPORTANT DATES
| Issue Open Date | 15 Sep 2026 |
| Issue close Date | 17 Sep 2026 |
| Allotment Date | 18 Sep 2026 |
| Refund Date | 21 Sep 2026 |
| Demat Account Credit Date | 21 Sep 2026 |
| Listing Date | 22 Sep 2026 |
| Listing on Exchange(s) | BSE |
| Shakti Polytarp Allotment Status | Exchange/ Registrar |
Shakti Polytarp IPO subscription opened on 15 Sep 2026, and closed on 17 Sep 2026
IPO allotment for Shakti Polytarp was finalized on Friday, 18 Sep 2026
IPO listing for Shakti Polytarp was on BSE on Tuesday, 22 Sep 2026
Shakti Polytarp IPO LISTING GAINS
| Issue Price (adjusted) | 59.0 |
| Listing Open Price | 58.9 |
| Listing Close Price | 57.1 |
| Listing Gain% | -0.2% |
| Current Gain% | -3.4% |
Shakti Polytarp Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shakti Polytarp Ltd. | 57 | 97.6 | 9.7 | 0.1 | 0.5 | 36.1 | 9.1 | 216.1 | 29.8 | 10.1 | 102.5 | 5.9 | 102.5 |
| Garware Hi-Tech Films Ltd. | 6997.5 | 16256.9 | 41.9 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 232.4 | 7457.7 | 19.2 | -10.4 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | -1.8 |
| AGI Greenpac Ltd. | 770.4 | 4984.6 | 13.8 | 3.4 | 1.8 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 621.7 | 4489.4 | 6.6 | 0.1 | 0.3 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 94.5 | 128.3 |
| TCPL Packaging Ltd. | 4274.7 | 3890 | 33.7 | -2.5 | 2.1 | 13.6 | 5.7 | 1835.6 | 2.9 | 97.8 | -31.6 | 126.9 | -13.6 |
Annual
Balance Sheet
Ratios
Cash Flow
Shakti Polytarp annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
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Base Level
Export
| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 216.1 | 166.5 | 62.2 | ||
Operating Exp. Ann. | 196.4 | 155.6 | 58.2 | |
Operating Profit Ann. | 19.3 | 10.7 | 3.8 | |
OPM Ann. % | 8.93% | 6.42% | 6.16% | |
| 202.5 | 159.6 | 61.1 | ||
EBITDA Ann. | 19.7 | 11 | 4.1 | |
EBITDA Ann. margin % | 9.14% | 6.58% | 6.50% | |
Interest Ann. | 4.4 | 2.9 | 1.9 | |
Depr. | 1.8 | 1.2 | 1 | |
PBT Ann. | 13.6 | 6.9 | 1.2 | |
Tax Ann. | 3.5 | 1.9 | 0.2 | |
| 10.1 | 5 | 1 | ||
Net Profit Ann. | 10.1 | 5 | 1 | |
NPM Ann. % | 4.66% | 2.98% | 1.58% | |
EPS Adj. latest Ann. | 5.9 | 2.9 | 0.6 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
29.8%
2Y CAGR
86.4%
Net Profit Ann.
1Y CHG
102%
2Y CAGR
217.8%
Operating Exp. Ann.
1Y CHG
26.2%
2Y CAGR
83.7%
Shakti Polytarp INFORMATION ON IPO ISSUE
About Shakti Polytarp
Shakti Polytarp was incorporated on March 22, 2018. The company manufactures water-resistant tarpaulins made from materials such as polyethylene and polypropylene, available in various sizes and thicknesses for different applications. Its products are used across construction, agriculture and transportation to protect equipment, vehicles, building materials and outdoor items from weather conditions
Object of the Issue
- Capital expenditure
- General corporate purposes
Shakti Polytarp - PROMOTERS
| Name |
|---|
| Ravi Singhal |
| Vivek Singhal |
| Trisha Singhal |
| Priyal Singhal |
Shakti Polytarp - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ravi Singhal | Managing Director |
| Trisha Singhal | Chairperson & Executive Director |
| Vivek Singhal | Executive Director |
| Rajesh Gupta | Non - Executive Director |
| Ruchi Joshi Meratia | Independent Director |
| Kumari Priya Pandey | Independent Director |
Shakti Polytarp Book Running Lead Manager
NEXGEN Financial Solutions Private Limited
ipo@nexgenfin.com
Shakti Polytarp Registrar to the Offer
Skyline Financial Services Private Limited
ipo@skylinerta.com
Shakti Polytarp Strengths
Diversified product portfolio
The company manufactures a wide range of tarpaulin products, including geotextiles, lumber wraps, house wraps, pond liners and green nets, serving industries such as agriculture, construction, automotive, transportation and logistics, and consumer goods. Its facilities enable it to develop customised products based on the requirements of customers across various industries, supporting wider applications and market opportunities
Strength
Client relationship
The company has established long-term relationships with domestic clients, generating regular orders and supporting customer retention and new client acquisition. By understanding customer needs and continuously improving its products, the company aims to strengthen existing relationships and expand its presence across existing and emerging markets
Strength
In-house manufacturing
The company carries out its manufacturing operations at its facility, which is equipped to develop and manufacture its product portfolio while maintaining quality control to ensure compliance with standard quality norms. Its in-house manufacturing capabilities streamline inventory and production management, support consistent production standards, reduce production time and improve cost efficiency
Strength
Shakti Polytarp Risks
Regulatory risks
The company’s tarpaulin and shade net manufacturing operations rely predominantly on plastic-based raw materials and are therefore exposed to increasing environmental concerns and stricter government regulations on plastic usage and waste management. New restrictions, additional compliance requirements or partial or complete bans on plastic could require higher capital expenditure and operating costs, reduce production or disrupt manufacturing operations, adversely affecting the company’s business, results of operations and financial condition
Risk
Inventory management risks
The company’s manufacturing operations depend on maintaining adequate inventories of raw materials, work-in-progress and finished goods, and ineffective inventory management could increase costs, tie up working capital and result in loss of business opportunities. Overestimating requirements may lead to excess inventory and higher carrying costs, while underestimating them could cause production delays, inability to meet customer demand and higher procurement costs, adversely affecting the company’s business, results of operations and financial condition
Risk
Depend on vendor logistics
The company is entirely dependent on third-party logistics providers for transporting raw materials and finished products and does not have an in-house transportation facility or long-term agreements with transport service providers. Disruptions such as vehicle strikes, rising transportation costs, delays or damage to goods in transit could affect procurement, product deliveries and business operations, potentially adversely affecting the company’s financial performance
Risk
IPO FAQs
The promoters of the company are Ravi Singhal, Vivek Singhal, Trisha Singhal and Priyal Singhal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 56.0 - 59.0.
The IPO application opens on Sep 15, 2026 and closes on Sep 17, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 224,000.0, the maximum value for this IPO is Rs 236,000.0.
This IPO will be allotted on Sep 18, 2026.
The refund will be credited to your account on Sep 21, 2026.
The allotted shares will be credited to your demat on Sep 21, 2026.
Shakti Polytarp Ltd.’s shares listed on the stock exchanges on Sep 22, 2026.