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Manika Plastech IPO
Manika Plastech IPO
Overview
Manika Plastech IPO is a book build issue of ₹125.50 crores. The issue is a combination of fresh issue of 2.15 crore shares aggregating to ₹92.50 crores and offer for sale of 76.74 lakh shares aggregating to ₹33.00 crores. Manika Plastech IPO opens for subscription on Sep 11, 2026 and closes on Sep 16, 2026. The allotment for the Manika Plastech IPO is expected to be finalized on Sep 17, 2026. Manika Plastech IPO will list on NSE and BSE with a tentative listing date fixed as Sep 21, 2026. Manika Plastech IPO is set issue price band at ₹40 to ₹43 per share. The lot size for an application is 348 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,964 (348 shares) (based on upper price). Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
2,91,86,045
Issue Size
₹125 Cr
Price Band
₹40 – ₹43
Lot Size
348 shares
Min. Investment
₹14,964
Max. Investment
₹1,94,532
Open Date
11 Sep, 2026
Close Date
16 Sep, 2026
Allotment
17 Sep, 2026
Listing
21 Sep, 2026
Max. Investment
₹1,94,532
Announced
11 Sep, 2026
Opening Date
11 Sep, 2026
Closing Date
16 Sep, 2026
Basis of Allotment
17 Sep, 2026
Initiation of Refunds
18 Sep, 2026
Credit of Shares
18 Sep, 2026
Listing Date
21 Sep, 2026
Live GMP
Est. Listing: ₹56
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About Manika Plastech IPO
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
Manika Plastech IPO Share Price
Issue Breakdown
Shareholding
Dilution: 22.6% increase in shares
Manika Plastech IPO Financial Health
Manika Plastech Ltd.'s revenue increased by 6% and profit after tax (PAT) rose by 16% between the financial year ending with March 31, 2026 and March 31, 2025.
Manika Plastech IPO Lot Size
Investors can bid for a minimum of 348 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 348 | ₹14,964 |
| Retail (Max) | 13 | 4524 | ₹1,94,532 |
| S-HNI (Min) | 14 | 4872 | ₹2,09,496 |
| S-HNI (Max) | 66 | 22968 | ₹9,87,624 |
| B-HNI (Min) | 67 | 23316 | ₹10,02,588 |
(All values in CR)
Manika Plastech IPO Valuations
| Metric | Value |
|---|---|
| ROE | 8.34 |
| ROCE | 8.34 |
| Debt/Equity | 0.59 |
| RoNW | 8.34 |
| PAT Margin | 8.03 |
| EBITDA Margin | 15.01 |
| NAV | 16.50 |
| Price to Book Value | 2.61 |
(All values in CR)
Manika Plastech IPO Strength & Risk
Manika Plastech IPO Strength
- Manufacturing facilities are strategically located close to key customers, supporting faster deliveries and lower logistics costs.
- Diverse product portfolio covering battery casings, pails, thinwall containers and other rigid plastic products.
- Long-standing relationships with established customers across industries such as automotive, energy, paints and consumer products.
- In-house design, development, labelling and quality capabilities allow the company to provide integrated packaging solutions.
- Multiple manufacturing facilities and operational flexibility provide geographical diversification and support customer servicing.
Manika Plastech IPO Risk
- High customer concentration, with around 58%–69% of operating revenue coming from the top five customers, creating significant dependence on key accounts.
- Significant dependence on battery casings means a slowdown in demand for this product category could affect revenue and profitability.
- Raw material price fluctuations, particularly in polymer resins, can put pressure on margins.
- Several manufacturing and warehouse facilities operate on leased land, exposing the company to lease-related risks.
- High working-capital requirements due to receivables and inventory can put pressure on cash flows.
Manika Plastech IPO GMP
Manika Plastech IPO last GMP is ₹13, last updated Sep 10th 2026 05:57 PM. With the upper price band of ₹43.00, Manika Plastech IPO's estimated listing price is ₹56 (cap price + today's GMP). The expected percentage gain/loss per share is 30.23%. >> Manika Plastech IPO Retail Subject to Sauda: ₹3400 >> Manika Plastech IPO Small HNI Subject to Sauda: ₹47600 During this period, the GMP ranged from a low of ₹0.00 to a high of ₹20.00.
Last updated 10 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 10 Sep, 2026 | 43 | ₹13 | - | ₹56 (30.23%) | 4524 | 10 Sep, 2026 |
| 09 Sep, 2026 | 43 | ₹13▼ | - | ₹56 (30.23%) | 4524 | 09 Sep, 2026 |
| 08 Sep, 2026 | 43 | ₹17▼ | - | ₹60 (39.53%) | 5916 | 08 Sep, 2026 |
| 07 Sep, 2026 | 43 | ₹20▲ | - | ₹63 (46.51%) | 6960 | 07 Sep, 2026 |
| 06 Sep, 2026 | 0 | ₹0 | - | ₹ (%) | - | 06 Sep, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Manika Plastech IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Manika Plastech IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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