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Manika Plastech Ltd IPO
NSE & BSE Bookbuilding IPO Fresh capital cum OFS Open Now
GMP +₹16 +37.21% Est. Listing ₹59 P&L/Lot +₹5,568
Issue Price
₹43
Face ₹2
GMP
+₹16
+37.21% premium
Est. Listing
₹59
GMP based
Subscribed
1.49
⚠️ Moderate
Min Amount
₹14,964
1 lot · 348 shares
Lot Size
348
shares / lot
Allotment
Important Dates
1/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
11 Sep 2026
Fri Completed
Soon
Close Date
16 Sep 2026
Wed Upcoming
Soon
Allotment
17 Sep 2026
Thu Upcoming
Soon
Refund
18 Sep 2026
Fri Upcoming
Soon
Demat Credit
18 Sep 2026
Fri Upcoming
Soon
Listing Date
21 Sep 2026
Mon Upcoming
Issue Details
Pricing & Size
Issue Price
₹43 Face ₹2
Lot Size
348 shares
Min Investment
₹14,964
Total Issue Size
2,91,86,045 shares (agg. up to ₹125 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh capital cum OFS
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
5837210.00
NII / HNI
4377907.00
Retail
10215116.00
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
9,50,00,000 shares
Post-Issue Shareholding
11,65,11,627 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 348 ₹14,964
HNI / NII 67 23,316 ₹10,02,588
Objects of Issue
3 objectives
1
Funding the capital expenditure towards purchase of plant and machinery
54.93 Cr
2
Repayment and/or pre-payment, in part or full, of certain borrowings availed by Company
15.00 Cr
3
General Corporate Purposes
Lead Managers & Market Maker
Book Running Lead Managers
Pantomath Capital Advisors Pvt.Ltd
IPO Timeline
Open
11 Sep
✓ Done
Close
16 Sep
Upcoming
Allotment
17 Sep
Upcoming
Listing
21 Sep
Upcoming
Registrar Details
MUFG Intime India Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
022-49186000
Email
manikaplastech.ipo@in.mpms.mufg.com
Company Contact
Email
cs@manikaplastech.com
Phone
+91 22 4223 4300
Address
Gala Number C/22-26, First Tax Free Industrial Estate, Silvassa Khanvel Road, Village Saily, Silvassa, Dadra and Nagar Haveli and Daman and Diu, 396230
Grey Market Premium
LIVE
Current GMP
+₹16
+37.21% vs Issue Price
Issue Price
₹43
Est. Listing
₹59
Lot Size
348 shares
P&L / Lot
+₹5,568
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
1.49
Overall Sub.
⚠️ Moderate
0.36
QIB
2.24
Retail
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 0.36× 58,37,210 20,98,440 ₹9.02 Cr
NII / HNI (Total) 1.26× 43,77,907 55,05,360 ₹23.67 Cr
Retail Investors 2.24× 1,02,15,116 2,29,23,456 ₹98.57 Cr
Total ** 1.49× 2,04,30,233 3,05,27,256 ₹131.27 Cr
Market Maker *
* Based on ₹43.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
58,37,210
NII
43,77,907
Retail
1,02,15,116
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric30 Jun 202631 Mar 202631 Mar 2025
Revenue162.71437.26412.59
PAT13.0722.4019.33
EBITDA24.3858.1445.30
Net Worth156.78147.62125.17
Total Assets317.00323.69320.99
Reserves136.97127.69105.29
Borrowings92.4688.1997.45
Key Financial Ratios
8.34
ROE
Return on Equity
8.34
ROCE
Return on Capital Employed
8.34
RONW
Return on Net Worth
8.03
PAT Margin
PAT / Revenue
15.01
EBITDA Mgn
EBITDA / Revenue
0.59
D/E Ratio
Debt to Equity
2.61
P/BV
Price to Book Value
2.36
Pre EPS
EPS Pre-Issue
4.49
Post EPS
EPS Post-Issue
18.22
Pre P/E
P/E Pre-Issue
9.58
Post P/E
P/E Post-Issue
About Manika Plastech Ltd

Incorporated in 1996, Manika Plastech Limited is engaged in the manufacturing of rigid polymer packaging products, including battery casings, pails and thinwall containers.

The Company manufactures battery casings, pails and thinwall containers, which cater to various industrial and consumer applications. The Company also manufactures pails used for packaging paints, lubricants and industrial chemicals, while its food-grade thinwall containers are used for the packaging and distribution of dairy and edible food products. Its products are designed to provide structural strength, protection and ease of handling throughout the expected product lifecycle.

Manika Plastech provides end-to-end rigid polymer packaging solutions, covering design and development, sourcing of raw materials, manufacturing, heat sealing, labelling, quality assurance and delivery. The Company has developed capabilities to provide customized packaging products and designs its automotive battery casings in accordance with Japanese and German technical standards, including JIS and DIN standards, to meet customer-specific product specifications and quality requirements.

The Company serves a diversified customer base across multiple end-user industries, including automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy, among others.

During the three-month period ended June 30, 2026 and the preceding three Fiscals, the Company served 168 to 242 customers across 24 states and union territories in India. Its top 20 customers had an average relationship tenure of over 10 years as of June 30, 2026, while its long operating history of over two decades has enabled it to build relationships across multiple industries and reduce dependence on any particular customer or industry segment.

The Company has 7 operating facilities, comprising 6 manufacturing facilities located in Dehradun, Hosur, Panipat, Una and Dadra, and 1 paint facility located in Hosur. As of July 31, 2026, it had an employee base of 352 employees and 809 contract labourers.

The Company operates 6 manufacturing facilities and 1 painting facility across India. Its manufacturing units produce battery casings, pails, thinwall containers and automotive components, while the painting facility is used for painting automotive components.

  1. Dadra: Manufactures pails and thinwall containers, serving Vadilal Industries Limited and other leading food and dairy product manufacturers.
  2. Dehradun: Manufactures battery casings for customers including Livguard Energy Technologies Private Limited, Luminous Power Technologies Private Limited, Genus Innovation Limited and HSD Batteries (India) Pvt. Ltd.
  3. Hosur (Manufacturing): Produces battery casings, pails, thinwall containers and automotive components for customers such as Luminous Power Technologies Private Limited, Kansai Nerolac Paints Limited, JSW Paints Limited, Sakthi Accumulators Private Limited, Surya Batteries and Zunax Energy Products LLP.
  4. Hosur (Painting): Provides painting of automotive components for Ultraviolette Automotive Private Limited, TVS Motor Company Limited and other automotive component and commercial EV manufacturers.
  5. Panipat: Manufactures pails and thinwall containers, with Grasim Industries Limited as a key customer.
  6. Una: Manufactures battery casings, pails and thinwall containers for customers including Livguard Energy Technologies Private Limited, Luminous Power Technologies Private Limited and Kansai Nerolac Paints Limited.
Frequently Asked Questions
What is the issue price of Manika Plastech Ltd IPO?
The issue price of Manika Plastech Ltd IPO is ₹43 per share, face value ₹2.
What is the lot size?
Minimum lot size is 348 shares, requiring ₹14,964.
What are the IPO dates?
Opens 11 Sep 2026, closes 16 Sep 2026.
When is the listing date?
Tentative listing: 21 Sep 2026 on NSE & BSE.
What is the current GMP?
Current GMP is +₹16, estimated listing ₹59 (+37.21%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Manika Plastech Ltd IPO · Expected 17 Sep 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
17 Sep 2026
Refund Initiation
18 Sep 2026
Demat Credit
18 Sep 2026
Listing Date
21 Sep 2026
Quick Facts
Open
GMP Signal
Bullish
+₹16
+37.21%
Issue Price
₹43
Face ₹2
Lot Size
348
shares / lot
Min Amount
₹14,964
1 lot
Est. Listing
₹59
GMP +₹16
Subscription
Overall1.49×
QIB0.36×
NII1.26×
Retail2.24×
Key Dates
Open
11 Sep Done
Close
16 Sep Soon
Listing
21 Sep Soon
Registrar
MUFG Intime India Pvt.Ltd
A
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