IPO Details

Manika Plastech Limited IPO

Manika Plastech Limited logo
Mainboard IPO
₹13,920

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Manika Plastech Limited

Industry / Sector: Packaging / Rigid Polymer Packaging Products

Founded Year: 1996

Promoters: Nikunj Mohanlal Kapadia, Munjal Nikunj Kapadia, Mihir Nikunj Kapadia, Pratik Nikunj Kapadia, Vridaa Holding Trust

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. 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.

IPO Basic Details

Company NameManika Plastech Limited
IPO TypeMainboard IPO
Price Band₹40 – ₹43
Lot Size348 Shares
Total Issue Size2,91,86,045 Equity Shares (₹125.50 Cr)

IPO Strengths & Risks

Strengths

  • Established client relationships with average tenure of over 10 years for top 20 customers
  • Product customisation capabilities including JIS and DIN standards compliance
  • Diversified customer base across multiple industries
  • 7 operating facilities across India
  • End-to-end rigid polymer packaging solutions
  • Long operating history of over two decades
  • Employee base of 352 permanent employees and 809 contract labourers

Risks

  • Dependence on the packaging and industrial sector
  • Exposure to raw material price volatility (polymers)
  • Competition from other rigid packaging manufacturers
  • Working capital intensive business model
  • Customer concentration risk in certain segments

IPO Important Dates

IPO Open Date11 Sep 2026
IPO Close Date16 Sep 2026
Basis of Allotment17 Sep 2026
Refund Initiation18 Sep 2026
Demat Credit Date18 Sep 2026
Listing Date21 Sep 2026
Anchor Investor Date-
UPI Mandate Deadline-

IPO Objectives

  • Capital expenditure for machinery and equipment – -
  • Funding working capital requirements – -
  • Debt repayment – -
  • General corporate purposes – Balance Amount

Investor Reservation

QIB Quota50.00% of Total Issue (1,45,93,023 shares)
Retail Quota35.00% of Total Issue (1,02,15,116 shares)
HNI Quota-
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum1 Lot348₹14,964
Retail Maximum13 Lots4524₹1,94,532
S-HNI Minimum14 Lots4872₹2,09,496
S-HNI Maximum66 Lots22968₹9,87,624
B-HNI Minimum67 Lots23316₹10,02,588

Key Performance Indicators (KPI)

ROE15.18% (FY26), 8.34% (Q1 FY27)
ROCE18.77% (FY26), 8.34% (Q1 FY27)
RoNW-
PAT Margin5.12% (FY26), 8.03% (Q1 FY27)
EBITDA Margin13.34% (FY26), 15.01% (Q1 FY27)
EPS₹2.36 (Pre-IPO), ₹4.49 (Post-IPO)
NAV per share-
Debt to Equity0.60 (FY26), 0.59 (Q1 FY27)
P/E Ratio-
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
Q1 FY2027 (Jun 30, 2026)₹317.00 Cr₹162.71 Cr₹13.07 Cr₹24.38 Cr₹156.78 Cr₹92.46 Cr
FY2026 (Mar 31, 2026)₹323.69 Cr₹437.26 Cr₹22.40 Cr₹58.14 Cr₹147.62 Cr₹88.19 Cr
FY2025 (Mar 31, 2025)₹320.99 Cr₹412.59 Cr₹19.33 Cr₹45.30 Cr₹125.17 Cr₹97.45 Cr
FY2024 (Mar 31, 2024)₹252.93 Cr₹368.76 Cr₹11.53 Cr₹30.86 Cr₹107.99 Cr₹93.06 Cr

Grey Market Premium

GMP PriceNot Available
Kostak RateNot Available
Subject to SaudaNot Available
Last UpdatedNot Available
Estimated Listing PriceTBA

IPO Subscription Data

Total Subscription1.49x (as of Day 1, Sep 11, 2026)
QIB (Ex Anchor)0.36x
HNI Subscription1.26x
Retail Subscription2.24x
Anchor-

IPO Intermediaries

Registrar: MUFG Intime India Pvt. Ltd.

Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

IPO Lead Manager(s)

Pantomath Capital Advisors Pvt. Ltd.

Company Information

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

Website: Not explicitly stated in the source

Email: cs@manikaplastech.com

Phone: +91 22 4223 4300

IPO Documents

Frequently Asked Questions (FAQ)

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