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Shakti Polytarp IPO Details
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IPO Size
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Schedule of Shakti Polytarp IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Shakti Polytarp IPO
The IPO of Shakti Polytarp Ltd comprises a fresh issue of up to 53,85,000 equity shares. It has no offer for sale and is a 100% book-building issue. The price band is TBA and the lot size is TBA. Shakti Polytarp Ltd is engaged in the manufacturing of tarpaulin and other products including Shade Net.
The IPO opens on TBA and closes on TBA. The listing date is TBA. The allotment date is TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA.
Shakti Polytarp Ltd is engaged in the business of manufacturing tarpaulin and other products including Shade Net. A tarpaulin is a large, strong, flexible, and water-resistant sheet used to cover and protect objects from environmental elements.
Its products have diverse applications across various industries including agriculture, construction, automotive, transportation & logistics and consumer goods. It offers end-to-end services, assisting clients in selecting the right type of tarpaulin for their applications while also providing design and customisation options according to the intended use.
Objectives of Shakti Polytarp IPO
- Capital expenditure
- Funding the working capital requirements of the company
- General corporate purposes
Shakti Polytarp IPO Valuation
Shakti Polytarp IPO Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the offer |
Non-institutional Investors | Not less than 15% of the offer |
Retail Individual Investors | Not less than 35% of the offer |
Industry Outlook
The polymers market size is expected to reach US$790 billion by 2027, after growing at a CAGR of 5.5% during the forecast period 2022-2027. Polymers are a broad range of materials produced from small molecules called monomers.
They form a long chain after bonding. Plastics are also referred to as polymers as these are manufactured using polymers. Polymers can be classified into natural polymers, semi-synthetic polymers and synthetic polymers. Based on structure, polymers can be categorized into linear polymers, cross-linked polymers and branched-chain polymers.
India Polystyrene market demand stood at 0.34 Million Tonnes in FY2021 and is forecast to reach 0.52 million tonnes by FY2030, growing at a healthy CAGR of 4.73% until FY2030. Its market price is Rs. 104 per kg as of 2022.
Company Information
Shakti Polytarp Ltd is engaged in the business of manufacturing tarpaulin and other products including Shade Net. A tarpaulin is a large, strong, flexible, and water-resistant sheet used to cover and protect objects from environmental elements.
Its products have diverse applications across various industries including agriculture, construction, automotive, transportation & logistics and consumer goods. It offers end-to-end services, assisting clients in selecting the right type of tarpaulin for their applications while also providing design and customisation options according to the intended use.
Strengths of Shakti Polytarp IPO
- Diverse usage of products
- In-house manufacturing facility
- Experienced and qualified management team
- Established client relationship
Risks of Shakti Polytarp IPO
- Major revenue from tarpaulin manufacturing
- Registered office and manufacturing facility not owned by company
- Dependence on limited number of customers for revenues
- Top 10 suppliers contributing significant portion of raw materials
- Extensive government regulation and impact of plastics on environment
Shakti Polytarp IPO Financials
Peer Comparison
| Company | PAT (in ₹ crore) | EPS in ₹ | Return on Net Worth (in %) | NAV Per Share (in ₹) |
|---|---|---|---|---|
Shakti Polytarp Ltd | 2.70 | 4.46 | 20.51 | 24.74 |
Commercial Syn Bags Ltd | 3.39 | 0.85 | 2.58 | 3.28 |
Shree Tirupati Balajee Agro Trading Company Ltd | 8.03 | 1.17 | 3.30 | 28.94 |
Anchor Investor Bidding Date TBA
Shakti Polytarp IPO Registrar and Book Running Lead Manager
- IPO Registrar : Skyline Financial Services Pvt Ltd
- Book Running Lead Manager : Narnolia Financial Services Ltd
Shakti Polytarp Business Model
The company primarily operates on a B2B (Business-to-Business) model, supplying tarpaulin and other products to various industries. A significant portion of its revenue is generated from bulk orders placed by businesses that require tarpaulins. Additionally, it caters to the B2C (Business-to-Consumer) segment as well, where it offers its products directly to end consumers. While its primary focus remains on B2B sales, the B2C segment contributes a smaller portion of its overall revenue.
Shakti Polytarp Company Growth Trajectory
The revenue from operations of Shakti Polytarp Ltd grew from ₹36.7322 crores in FY 22 to ₹62.0112 crores in FY 24, while profit after tax grew from ₹0.1929 crores in FY 22 to ₹0.9813 crores in FY 24. Diverse usage of products coupled with in-house manufacturing facilities has helped the company grow over the years.
Shakti Polytarp Market Position
Engaged in the business of manufacturing tarpaulin, Shakti Polytarp Ltd offers end-to-end services, assisting clients in selecting the right type of tarpaulin for their applications while also providing design and customisation options according to the intended use. Its products are sold across different Indian states such as Madhya Pradesh, Gujarat, Maharashtra, Tamil Nadu, Rajasthan, etc.
Shakti Polytarp IPO Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crore) | 62.22 | 46.22 | 36.74 |
Profit /(Loss) Before tax (in ₹ crore) | 1.14 | 0.62 | 0.30 |
Profit After Tax (in ₹ crore) | 0.98 | 0.56 | 0.19 |
EBITDA (in ₹ crore) | 3.83 | 3.08 | 2.45 |
Basic EPS in ₹ | 1.91 | 1.19 | 0.41 |
Shakti Polytarp IPO Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit/ (Loss) Before Tax (in ₹ crore) | 1.14 | 0.62 | 0.30 |
Net Cash from Operating Activities (in ₹ crore) | NA | NA | NA |
Net Cash from Investing Activities (in ₹ crore) | -2.96 | -0.07 | -0.12 |
Net Cash flow from Financing Activities (in ₹ crore) | 7.48 | 3.76 | -5.60 |
Cash Equivalents at the end of the year (in ₹ crore) | 0.27 | 0.08 | 0.06 |
How to Check Allotment Status of Shakti Polytarp IPO?
Visit the Registrar’s Website
- Visit the official website of Skyline Financial Services Pvt Ltd
- Click on ‘Public Issue’ from ‘Investors’ dropdown
- Choose ‘Company Name’
- Enter DPID/Client ID or Application Number or PAN Number
- Click on ‘Search’ to know the status
Check on the Bombay Stock Exchange Website The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for Shakti Polytarp IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Shakti Polytarp IPO FAQs
Where can I read more about Shakti Polytarp business?
You can read more about Shakti Polytarp and its IPO from the company’s red herring prospectus (RHP) here.
What is the Shakti Polytarp IPO?
The IPO of Shakti Polytarp Ltd consists of a fresh issue of up to 53,85,000 equity shares. There’s no offer for sale in this IPO.
When will the IPO of Shakti Polytarp go live?
The exact dates of the Shakti Polytarp Ltd IPO are yet to be announced.
