Manika Plastech IPO 2026: Dates, Price Band, GMP, Allotment & Listing Details

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Manika Plastech Limited IPO
MP
Manika Plastech Limited IPO
Rigid Polymer Packaging · Battery Casings · Pails · Food-Grade Thinwall Containers
📋 Mainline IPO Fresh + OFS NSE, BSE
₹43
Upper Price
₹125.50 Cr
Issue Size
Sep 21, 2026
Listing Date
₹408.50 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Friday, 11 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Wednesday, 16 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Thursday, 17 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Friday, 18 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Monday, 21 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date11 September 2026 (Fri)
IPO Close Date16 September 2026 (Wed)
Listing Date21 September 2026 (Mon)
Face Value₹2 per share
Price Band₹40 to ₹43
Issue Price (Upper Band)₹43 per share
Issue TypeBook Build — Fresh + OFS
Lot Size348 shares
Total Issue Size2,91,86,045 shares (₹125.50 Cr)
Fresh Issue2,15,11,627 shares (₹92.50 Cr)
Offer for Sale (OFS)76,74,418 shares (₹33.00 Cr)
Pre-Issue Shares9,50,00,000
Post-Issue Shares11,65,11,627
Promoter Holding (Pre)100.00%
Market Cap (Pre-IPO)₹408.50 Cr
Listing ExchangeNSE, BSE
Lead ManagerPantomath Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹43
Investor TypeLotsSharesAmount
Retail — Minimum1348₹14,964
Retail — Maximum134,524₹1,94,532
S-HNI (sNII) — Min144,872₹2,09,496
S-HNI (sNII) — Max6622,968₹9,87,624
B-HNI (bNII) — Min6723,316₹10,02,588
⚠️ Note: Investors can bid for a minimum of 348 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric30 Jun 202631 Mar 202631 Mar 202531 Mar 2024
Total Assets317.00323.69320.99252.93
Total Income162.71437.26412.59368.76
PAT13.0722.4019.3311.53
EBITDA24.3858.1445.3030.86
Net Worth156.78147.62125.17107.99
Reserves & Surplus136.97127.69105.2988.05
Total Borrowing92.4688.1997.4593.06
Income Growth
FY 2023–24₹368.76 Cr
FY 2024–25₹412.59 Cr
FY 2025–26₹437.26 Cr
🎯 Key Performance Indicators
15.18%
ROE
FY 2025–26
0.60
Debt/Equity
FY 2025–26
18.77%
ROCE
FY 2025–26
5.12%
PAT Margin
FY 2025–26
13.34%
EBITDA Margin
FY 2025–26
15.18%
RoNW
FY 2025–26
2.77x
Price/Book
FY 2025–26
15.54
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹2.36
FY26 earnings + pre-issue shares
P/E: 18.22x
Post-IPO EPS
₹4.49
Annualised run-rate basis
P/E: 9.58x
Price to Book Value
2.77x
At upper price band ₹43
Market Cap (Pre-IPO)
₹408.50 Cr
At issue price ₹43
ℹ️ Pre-IPO EPS (₹2.36) is computed on the pre-issue equity base of 9,50,00,000 shares based on FY26 restated PAT of ₹22.40 Cr. Post-issue share capital expands to 11,65,11,627 shares following the fresh issue of 2,15,11,627 equity shares. At the upper end of the price band (₹43), the post-issue market capitalisation stands at ₹501.00 Cr.
🎯 Objects of the Issue
Net proceeds utilisation
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
Balance
Total Fresh Issue Goal ₹92.50 Cr
🏢 About Manika Plastech Ltd.
Est. 1996 · Silvassa, D&NH & Daman and Diu · Rigid Polymer Packaging

Manika Plastech Limited, incorporated in 1996, is an established manufacturer of rigid polymer packaging products, offering end-to-end solutions that cover design, raw material procurement, precision injection moulding, heat sealing, labelling, and quality delivery.

The company specializes in three core verticals: automotive battery casings engineered to stringent Japanese (JIS) and German (DIN) industrial benchmarks, heavy-duty industrial pails for paints and lubricants, and food-grade thinwall containers catering to premier dairy and edible foods brands. Operating 7 advanced facilities across India—including 6 production units situated in Dehradun, Hosur, Panipat, Una, and Dadra, alongside 1 dedicated automotive painting facility in Hosur—Manika Plastech services leading market clients like Livguard, Luminous, Grasim, TVS Motor, and Vadilal Industries, sustained by a workforce of 352 permanent staff and 809 contract personnel.

Brand Ecosystem
🔋
Automotive Battery Casings
Engineered to JIS and DIN specifications for leaders like Livguard, Luminous, and Genus Innovation
🩣
Industrial Pails
Robust polymer packaging solutions tailored for paints, lubricants, and chemicals (Nerolac, JSW, Grasim)
🥣
Food-Grade Thinwall Containers
Hygienic, high-clarity containers designed for edible food products and dairy majors like Vadilal
🏍️
Auto Components & Painting
Specialized painting and component fabrication serving EV innovators like Ultraviolette and TVS Motor
Competitive Strengths
🏆Over 28 years of operational excellence delivering precision polymer engineering across critical industrial sectors
🏭Strategically diversified manufacturing base with 7 operational facilities spanning northern and southern industrial clusters
🤝Sticky marquee relationships with top 20 clients demonstrating an average relationship tenure exceeding 10 years
📈Consistent profitability with revenue scaling to ₹437.26 Cr and solid margins backed by moderate leverage (0.60 D/E)
Company Promoters
NK
Nikunj Mohanlal Kapadia & Munjal Nikunj Kapadia
Promoters, Manika Plastech Ltd.
MK
Mihir Kapadia, Pratik Kapadia & Vridaa Holding Trust
Promoters / Promoter Entity, Manika Plastech Ltd.
📅 Key Dates
IPO Opens11 Sep 2026
IPO Closes16 Sep 2026
Allotment17 Sep 2026
Refund & Share Credit18 Sep 2026
Listing Day21 Sep 2026
💡 Quick Summary
Price Band₹40 – ₹43
Upper Price₹43 / share
Lot Size348 shares
Min. Investment (Retail)₹14,964
Issue Size₹125.50 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
MUFG Intime India Pvt.Ltd.
📞 022-49186000
[email protected]
Lead Manager
Pantomath Capital Advisors Pvt.Ltd.
📍 Registered Address
Manika Plastech Ltd.
Gala Number C/22-26, First Tax Free Industrial Estate,
Silvassa Khanvel Road, Village Saily,
Silvassa, D&NH and Daman & Diu — 396230
📞 +91 22 4223 4300
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Manika Plastech IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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