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Shakti Polytarp Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on August 2, 2025.
Shakti Polytarp Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the BSE SME. Narnolia Financial Services Ltd. was the book running lead manager and Skyline Financial Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 4,50,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,25,64,000 shares |
| Share Holding Post Issue | 1,79,49,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII Shares Offered | Not less than 15.00% of the Net Offer |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Apr 30, 2025 |
| Offer document withdrawn | Sat, Aug 2, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in March 2018, Shakti Polytarp Limited manufactures tarpaulin and Shade Net.
The company's products are used in 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's manufacturing unit spans 18,432 sq. meters and is located in Khargone, Madhya Pradesh.
The company engages in B2B sales of granules used to produce tarpaulin through melting, extrusion, weaving, and lamination.
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.
As of January 31, 2025, the company had a total of 76 employees on its payroll.
Competitive Strength:
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 50.42 | 40.29 | 33.70 | 24.41 |
| Total Income | 84.18 | 62.23 | 46.23 | 36.75 |
| Profit After Tax | 2.70 | 0.98 | 0.56 | 0.19 |
| Net Worth | 15.54 | 10.84 | 7.35 | 6.79 |
| Reserves and Surplus | 9.26 | 5.13 | 2.64 | 2.08 |
| Total Borrowing | 31.60 | 23.36 | 16.77 | 11.47 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 10.79% |
| ROCE | 8.87% |
| Debt/Equity | 2.18 |
| RoNW | 10.79% |
| PAT Margin | 1.58% |
The Company Shakti Polytarp IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Capital Expenditure | 116.30 |
| 2 | Funding the Working Capital requirement | 85.00 |
| 3 | General Corporate Purposes |
Shakti Polytarp Ltd.
Shop No. 4, 4/1
Nayapura Main Road,
Indore, Madhya Pradesh, 452009
Email: md@shaktipolytarp.com
Website: https://shaktipolytarp.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Shakti Polytarp IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Shakti Polytarp IPO open and close dates are not available as of now.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shakti Polytarp IPO using UPI as a payment gateway. Zerodha customers can apply in Shakti Polytarp IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shakti Polytarp IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shakti Polytarp IPO dates are not announced. Please check back again after some time.
Shakti Polytarp IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shakti Polytarp IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shakti Polytarp IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shakti Polytarp IPO allotment status.
The Shakti Polytarp IPO listing date is not yet announced. The tentative date of Shakti Polytarp IPO listing is [.].
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