Shakti Polytarp IPO

Incorporated in March 2018, Shakti Polytarp Limited is engaged in the manufacturing of tarpaulins and other plastic-based products, including shade nets. Its tarpaulins are water-resistant and durable sheets used to protect goods, equipment and materials from rain, moisture, sunlight and other environmental conditions.

The company manufactures tarpaulins using PP granules, LLDPE, LDPE and HDPE. Its products are available in different sizes, colours, thicknesses and specifications, with a particular focus on six-layer and eight-layer durable tarpaulins. Sold under the “Dinotarp” brand, the products cater to agriculture, construction, automotive, transportation and logistics, consumer goods and other industries.

Shakti Polytarp primarily operates under a B2B model, supplying products through bulk orders to businesses and industrial customers, while also catering to B2C customers. In addition to tarpaulin manufacturing, the company trades plastic granules used as raw materials and provides design and customisation options based on customer requirements.

The company operates an integrated manufacturing facility at Nimrani, Khargone, Madhya Pradesh, spread across approximately 1,98,450 sq. ft. The facility is equipped with high-speed extrusion tapelines, extra-wide extrusion lamination machines, wide-width circular looms, high-strength sealing machines and recycling machines, with an ability to manufacture tarpaulins ranging from 70 GSM to 450 GSM.

As of June 30, 2026, the company had 114 permanent employees, with the majority engaged in manufacturing and operational activities. Its key strengths include established client relationships, product customisation capabilities and an experienced and qualified management team.

Established Client Relationships: The company has developed established relationships with its customers across multiple industries. These relationships support its B2B-focused business model and recurring bulk-order business.

Product Customisation Capabilities: Shakti Polytarp offers tarpaulins in different sizes, colours, thicknesses and specifications based on customer requirements. Its ability to provide application-specific designs and products helps address diverse customer needs.

Experienced Management Team: The company is supported by an experienced and qualified management team with knowledge of its manufacturing and operational activities. This provides a foundation for managing its production capabilities and business operations.

Dependence on Tarpaulin & Granule Sales: The company's business is substantially dependent on revenues from tarpaulin manufacturing and the trading of plastic granules. Any inability to retain existing customers or attract new customers for these products could adversely affect its business and financial performance.

Leased Registered Office & Manufacturing Facility: The property used as the company's registered office and manufacturing facility is not owned by the company. Any termination of the relevant lease or rental agreements could disrupt its operations and adversely affect its business.

Manufacturing Capacity Utilisation: The company has experienced under-utilisation of its manufacturing facility in earlier periods. Any inability to effectively utilise its existing and proposed manufacturing capacity could adversely affect its business, future prospects and financial performance.