Shakti Polytarp IPO Day 2: Subscription Status on 16 September 2026

The issue has entered Day 2 of its three day bidding window, which opened on 15 September and closes on 17 September 2026. Shakti Polytarp Limited, a tarpaulin manufacturer under the Dinotarp brand, is raising about Rs 26.93 crore entirely through a fresh issue, and the shares are proposed to list on the BSE SME platform.

Day 1 bidding for the issue closed with the issue subscribed 0.64 times overall, with NII investors alone crossing full subscription at 1.51 times while retail and QIB participation stayed thin. With two sessions still remaining, including the 17 September close, retail and QIB demand have room to build further.

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Shakti Polytarp IPO Details

The table below sets out the key parameters of the issue.

Open Date	15 September 2026
Close Date	17 September 2026
Price Band	Rs 56 to Rs 59 per share
Lot Size	2,000 shares
Issue Size	Rs 26.93 crore (entirely fresh issue)
Issue Type	Book Built Issue, SME
Listing At	BSE SME
Allotment Date	18 September 2026
Listing Date	22 September 2026

Shakti Polytarp IPO Subscription Status Day 2

Category wise bidding for the issue is updated through the trading session on BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.

Investor Category	Subscription at Day 1 Close (15 Sep, 5:44 PM)	Overall Subscription So Far (Day 2, 16 Sep)
Qualified Institutional Buyers (QIB)	0.00 times	Updating
Non-Institutional Investors (NII)	1.51 times	Updating
Retail Individual Investors	0.11 times	Updating
Overall	0.64 times	Updating through the session

Non-institutional investors led the issue through Day 1, the only category to cross full subscription, while retail and QIB have room to build. Investors should treat the Day 2 figures as provisional since bidding remains open until the 17 September close.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Shakti Polytarp IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 56 to Rs 59 band, in multiples of 2,000 shares.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 17 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 17 September close.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Conclusion

The issue has had a moderate start, closing Day 1 at 0.64 times overall on the back of strong NII demand, and two sessions still remain before the 17 September close for retail and QIB bids to catch up. Investors considering the issue should review the company financials and risk factors in the RHP on bseindia.com, and apply only after independent due diligence.

FAQs

What is the Shakti Polytarp IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 0.64 times overall, with NII leading at 1.51 times, retail at 0.11 times, and QIB at 0.00 times, and figures for Day 2, 16 September 2026, are updating through today's session on BSE.

When does the Shakti Polytarp IPO close?

Ans. The issue closes for subscription on 17 September 2026, having opened on 15 September 2026.

What is the Shakti Polytarp IPO price band and lot size?

Ans. The issue price band is Rs 56 to Rs 59 per share, with a lot size of 2,000 shares, taking the minimum retail investment to about Rs 2,36,000 for two lots.

Which category led the Shakti Polytarp IPO on Day 1?

Ans. Non-institutional investors led the issue on Day 1, the only category to cross full subscription at 1.51 times, while retail stood at 0.11 times and QIB had not registered any bids.

What is the Shakti Polytarp IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

How do I apply for the Shakti Polytarp IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 2,000 shares within the Rs 56 to Rs 59 band and approving the UPI mandate before the daily cut off.

When will the Shakti Polytarp IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 18 September 2026, with listing on the BSE SME platform tentatively scheduled for 22 September 2026.

Is the Shakti Polytarp IPO likely to close oversubscribed?

Ans. The issue was already subscribed 0.64 times through Day 1 with NII past full subscription, so with two sessions still remaining, including typical late retail and QIB bids, the issue has a reasonable chance of crossing full subscription, though the final outcome should be confirmed on BSE.

What does Shakti Polytarp Limited do?

Ans. Shakti Polytarp Limited manufactures tarpaulins under the Dinotarp brand, alongside Shade Net products, serving agriculture, construction, automotive and logistics customers from its Nimrani, Khargone facility in Madhya Pradesh.