- Issue price
- ₹43per share
- Issue size
- ₹125.5 Cr2,91,86,045 shares
- Face value
- ₹2per equity share
- Lot size
- 348 sharesMin. ₹14,964 at the upper price
- Anchor biddingThu, 2026
- OpensFri, 2026
- ClosesWed, 2026
- AllotmentThu, 2026
- ListingMon, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 2,15,11,627 shares (₹92.5 Cr)
- Offer for sale
- 76,74,418 shares (₹33 Cr)
- Total issue
- 2,91,86,045 shares (₹125.5 Cr)
- Face value
- ₹2
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail35.0%
- Anchor30.0%
- QIB ex-anchor20.0%
- Big NII10.0%
- Small NII5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 1,02,15,116 | 35.00% | 35% |
| Non-institutional investors (NII) | 43,77,907 | 15.00% | 15% |
| Small NII (₹2–10 lakh) | 14,59,302 | 5.00% | — |
| Big NII (above ₹10 lakh) | 29,18,605 | 10.00% | — |
| Qualified institutional buyers (QIB) | 1,45,93,022 | 50.00% | 50% |
| QIB, excluding anchor | 58,37,209 | 20.00% | — |
| Anchor investors | 87,55,813 | 30.00% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹43 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 348 | ₹14,964 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹2.36
- EPS (basic) (Weighted average)
- ₹2.06
- P/E (FY 2025-26 at cap price)
- 18.23×
- P/E (FY 2025-26 at floor price)
- 16.96×
- RoNW
- 15.18%
- ROCE
- 18.77%
- NAV per share (June 30, 2026)
- ₹16.5
- NAV per share (At offer price)
- ₹21.4
- EBITDA margin
- 13.34%
- PAT margin
- 5.12%
- Debt to equity (June 30, 2026)
- 0.59
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Jun 20263 months | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|---|
| Revenue from operations | 162.45 | 435.98 | 406.50 | 360.77 |
| Total income | 162.71 | 437.26 | 412.59 | 368.76 |
| EBITDA | 24.38 | 58.14 | 45.30 | 30.86 |
| Profit after tax | 13.07 | 22.40 | 19.33 | 11.53 |
| Net worth | 156.78 | 147.62 | 125.18 | 108.00 |
| Reserves and surplus | 137.78 | 128.62 | 106.18 | 89.00 |
| Total assets | 317.00 | 323.69 | 320.99 | 252.93 |
FY 2025-26 vs FY 2024-25: revenue +7.3%, profit after tax +15.9%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company designs and manufactures rigid polymer packaging, mainly battery casings, pails and thinwall containers, for industries such as energy storage, paints, food and dairy. It runs several manufacturing and painting facilities in India, located near key customers, and supplies products from design through to delivery.
- Incorporated
- 1996
- Industry
- Rigid plastic packaging (battery casings, pails and thinwall containers)
- CIN
- U74999DN1996PLC000469
- Website
- manikaplastech.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Nikunj Mohanlal Kapadia | Promoter | 0.75% | — | — |
| Munjal Nikunj Kapadia | Promoter | 0.50% | — | — |
| Mihir Nikunj Kapadia | Promoter | 0.50% | — | — |
| Pratik Nikunj Kapadia | Promoter | 0.50% | — | — |
| VRIDAA Holding Trust | Selling shareholder | 97.00% | — | 76,74,418 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding capital expenditure for purchase of plant and machinery | 54.93 |
| Repayment or pre-payment of certain borrowings | 15.00 |
| General corporate purposes | 11.71 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Manika Plastech LimitedIssuer | ₹2.36 | 18.23× | 15.18% | ₹15.54 |
| Hitech Corporation Limited | ₹8.84 | 37.85× | 5.34% | ₹165.72 |
| Mold-Tek Packaging Limited | ₹21.93 | 32.34× | 10.56% | ₹207.64 |
| Shaily Engineering Plastics Limited | ₹36.97 | 88.85× | 23.71% | ₹155.95 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Design-led manufacturer with 30 registered designs and in-house product development.
- Manufacturing facilities placed close to key customers' plants, supporting logistics and customer retention.
- Diversified customer base across 24 states and union territories, with long relationships with top customers.
- Multiple injection moulding and labelling technologies supporting high-volume production.
- Revenue has grown from FY 2023-24 to FY 2025-26 with rising profit after tax.
Risks
- Top five customers contributed about 58% to 69% of revenue in the relevant periods, so losing any of them could hurt results.
- Battery casings made up about 54% to 68% of revenue, so a fall in demand for them would affect the business.
- Facilities are located near key customers, which exposes them to those customers' business cycles.
- Some corporate records and allotment documents are not traceable, which may lead to regulatory action.
- Net Proceeds depend on management estimates that have not been appraised by any independent agency.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹43) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Manika Plastech IPO open and close?
According to the Prospectus, the issue opens on Friday, 11 September 2026 and closes on Wednesday, 16 September 2026.
What is the Manika Plastech IPO price band?
The final issue price is ₹43 per share.
What is the lot size of the Manika Plastech IPO?
One lot is 348 shares, which is ₹14,964 at ₹43 per share.
Where will Manika Plastech shares list?
On NSE and BSE. The tentative listing date is Monday, 21 September 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Manika Plastech IPO allotment status?
The basis of allotment is expected to be finalised on Thursday, 17 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹54.93 Cr for funding capital expenditure for purchase of plant and machinery, ₹15 Cr for repayment or pre-payment of certain borrowings, ₹11.71 Cr for general corporate purposes.
Related IPOs
More packaging, paper and plastics IPOs
- Vigor Plast IndiaTBAListed · 4 Sept – 9 Sept 2025
- Jyoti Global Plast₹66Listed · 4 Aug – 6 Aug 2025
- Aaradhya Disposal IndustriesTBAListed · 4 Aug – 6 Aug 2025
- Sarva Foam IndustriesTBAFiled
Also managed by Pantomath Capital Advisors
- Zetwerk Manufacturing Businesses₹151Listed · 15 Oct – 19 Oct 2026
- German Green Steel and Power₹139Listed · 25 Sept – 29 Sept 2026
- National Stock Exchange of India₹1,785Listed · 17 Sept – 21 Sept 2026
- Ardee Industries₹53Listed · 5 Aug – 7 Aug 2026
Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.