Incorporated in March 2018, Shakti Polytarp Limited manufactures tarpaulin and Shade Net. Its products are manufactured from PP Granules, Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE), which are used across industries including agriculture, construction, automotive, transportation, logistics, and consumer goods.
The company offers comprehensive services, helping clients choose the appropriate tarpaulin and providing design and customization options for their applications.
The company operates on a B2B (Business-to-Business) model, supplying tarpaulin and other products to various industries and in the B2C (Business-to-Consumer) segment, offering its products directly to consumers.
Its manufacturing unit spans 18,432 sq. meters and is located in Khargone, Madhya Pradesh.
As of January 31, 2025, the company had a total of 76 employees on its payroll.
Competitive Strength:
- Diverse usage of products.
- In-house manufacturing facility.
- Experienced and Qualified management team.
- Established client relationship.
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure | ₹20 |
| General Corporate Purposes | — |
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 71 | 40 | 34 |
| Revenue | 167 | 62 | 46 |
| PAT | 5 | 1 | 1 |
| EBITDA | 11 | 4 | 3 |
| Net Worth | 18 | 11 | 7 |
| Reserves | 5 | 5 | 3 |
| Total Borrowing | 48 | 23 | 17 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 49.22 | 564,000 | 27,762,000 |
| NII / HNI | 5.43 | 1,368,000 | 7,424,000 |
| Retail (RII) | 4.12 | 1,580,000 | 6,504,000 |
| Market Maker | — | 230,000 | — |
| Total | 11.87 | 3,512,000 | 41,690,000 |
* Amount calculated at upper price band (₹59) · ** Total includes all investor categories
- 1 Initiation of Refund 21 Sep 2026
- 2 Credit of Shares to Demat 21 Sep 2026
- The IPO P/E of 10x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹8 compares to post-issue EPS of ₹6 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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