Shakti Polytarp came to market through an SME IPO that opened on 15 September 2026 and closed on 17 September 2026, and the shares listed on 22 September 2026 on BSE SME. The price band was ₹56 to ₹59 per share and one lot was 2000 shares, so the minimum application was ₹1,18,000. The issue size was ₹26.93 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹58.9, a loss of 0.2% against the issue price of ₹59. Skyline Financial Services Pvt.Ltd was the registrar to the issue, and NEXGEN Financial Solutions Pvt.Ltd was the lead manager.
As of 17 September 2026.
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Overall the issue was subscribed 11.94 times.
Incorporated in March 2018 as Shakti Polytarp Limited, the Company specializes in the production of tarpaulins and other plastic-based products such as shade nets. Tarpaulin refers to water-resistant and tough sheets of material that are used to protect items from rain, moisture, sun and other climatic elements. Tarpaulins produced by the Company are made of Polypropylene (PP) granules, Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE).
The Company runs its operations mainly based on a B2B model where products are sold through bulk orders to business and industrial clients as well as the B2C market. The Company's manufacturing unit is situated in Nimrani, Khargone, Madhya Pradesh with a space coverage of about 1,98,450 sq. ft. It has high speed extrusion tapelines, extra wide extrusion lamination machines, high speed wide width circular looms, high strength sealing machines and recycling machines.
As at June 30, 2026, the Company had a total number of 114 employees who were mainly involved in operational and manufacturing activities.
As described in the offer document.
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Ravi Singhal, Vivek Singhal, Trisha Singhal, Priyal Singhal.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shakti Polytarp IPO was a ₹26.93 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹56–₹59 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,36,000). The IPO was open from September 15 to September 17, 2026 and was subscribed 11.94x. Shares listed on BSE SME on September 22, 2026 at ₹58.90, in line with the issue price of ₹59. Skyline Financial Services Pvt. Ltd. is the registrar.
NEXGEN Financial Solutions Pvt. Ltd. is the book running lead manager.
The price band of Shakti Polytarp IPO is ₹56 to ₹59 per share.
The lot size of Shakti Polytarp IPO is 2000 shares.
The minimum investment for Shakti Polytarp IPO is approximately ₹2,36,000 based on the upper price band.
The allotment date of Shakti Polytarp IPO is Sep 18, 2026.
You can check Shakti Polytarp IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shakti Polytarp IPO allotment status on Rupix for quick and easy access.
₹56 to ₹59 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,18,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,18,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 15 September 2026 and closed on 17 September 2026.
The basis of allotment was published on 18 September 2026 by Skyline Financial Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 22 September 2026 on BSE SME, opening at ₹58.9.
The issue size was ₹26.93 crore. The fresh issue was 45,64,000 shares (aggregating up to ₹26.93 crore).
It listed at ₹58.9 against an issue price of ₹59, a loss of 0.2 percent on listing day.