Shakti Polytarp IPO
SMEShakti Polytarp manufactures and exports polymer-based technical textiles, tarpaulins, woven fabrics, and protective covering solutions.
Verdict: Avoid
Est. GMP
₹0 (0%)
Price range
₹59
Lot size
—
Issue size
—
Allotment
18 Sept
Listing
22 Sept
Review
1. Grey market premium
★★★★★Current grey market premium stands at zero, signaling muted listing demand.
2. Company financials
★★★★★Operates in a low-margin, highly competitive commodity plastic fabrication segment.
3. Subscription status
★★★★★The issue is yet to open for bidding.
4. Anchor investors
★★★★★No significant anchor book allocation details available for this SME issue.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹62.23 | ₹61.08 | ₹0.98 | ₹40.29 |
| 2025 | ₹166.50 | ₹159.60 | ₹4.97 | ₹71.39 |
| 2026 | ₹216.10 | ₹202.51 | ₹10.06 | ₹110.12 |
Subscription
Anchor investors
| Shares offered | 8,22,000 Shares |
| Bidding date | August 11, 2026 |
Anchor bidding information is not disclosed or not applicable.
Risks
- CyclicalRaw material costs are heavily tied to crude oil derivatives and polymer price volatility.
- ConcentrationRevenue is vulnerable to intense competition from unorganized tarpaulin and packaging manufacturers.
- FinancialWorking capital requirements are typically high due to extended receivables and inventory holding.