Manika Plastech IPO
Bookbuilding IPO | ₹125.00 Cr | Listing at BSE, NSE
Open
IPO Open
Fri, Sep 11, 2026
IPO Close
Wed, Sep 16, 2026
Price Band
₹40.00 to ₹43.00
Market Cap (Pre-IPO)
₹501.00 Cr
IPO Details
| IPO Date | Sep 11, 2026 to Sep 16, 2026 |
| Listing Date | Tentative: Sep 21, 2026 |
| Face Value | ₹2.00 per share |
| Price Band | ₹40.00 to ₹43.00 |
| Lot Size | 348 Shares (Minimum: ₹14,964.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹125.00 Crores |
| Total Shares Offered | 29,186,045 shares |
| Fresh Issue | 21,511,627 shares |
| Offer For Sale | 7,674,418 shares |
Manika Plastech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer size |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
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 | 4,524 | ₹194,532 |
| S-HNI (Min) | 14 | 4,872 | ₹209,496 |
| S-HNI (Max) | 66 | 22,968 | ₹987,624 |
| B-HNI (Min) | 67 | 23,316 | ₹1,002,588 |
Manika Plastech Financial Information (Restated Consolidated)
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.
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 317.00 | 323.69 | 320.99 | 252.93 |
| Total Income | 162.71 | 437.26 | 412.59 | 368.76 |
| Profit After Tax | 13.07 | 22.40 | 19.33 | 11.53 |
| EBITDA | 24.38 | 58.14 | 45.30 | 30.86 |
| NET Worth | 156.78 | 147.62 | 125.17 | 107.99 |
| Reserves and Surplus | 136.97 | 127.69 | 105.29 | 88.05 |
| Total Borrowing | 92.46 | 88.19 | 97.45 | 93.06 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 15.18% |
| ROCE (Return on Capital Employed) | 18.77% |
| Debt/Equity | 0.60 |
| RoNW (Return on Net Worth) | 15.18% |
| PAT Margin (Profit After Tax Margin) | 5.12% |
| EBITDA Margin | 13.34% |
| Price to Book Value | 2.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.36 | 4.49 |
| P/E (x) | 4.49 | 9.58 |
Company Overview
Manika Plastech Limited – Company Overview
- Manika Plastech Limited was incorporated in 1996 and is engaged in the manufacturing of rigid polymer packaging products, including battery casings, pails, and thinwall containers.
- The company manufactures packaging products for various industrial and consumer applications. Its pails are used for packaging paints, lubricants, and industrial chemicals, while its food-grade thinwall containers are used for dairy and edible food products.
- The company provides end-to-end rigid polymer packaging solutions, covering design and development, raw material sourcing, manufacturing, heat sealing, labelling, quality assurance, and delivery.
- Manika Plastech has capabilities to manufacture customised packaging products and designs automotive battery casings according to Japanese and German technical standards, including JIS and DIN standards.
- The company serves customers 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 between 168 and 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, reflecting its long-standing customer relationships and diversified industry presence.
- The company operates 7 facilities across India, comprising 6 manufacturing facilities and 1 paint facility.
- Its manufacturing facilities are located in Dehradun, Hosur, Panipat, Una, and Dadra, while the paint facility is located in Hosur.
- The manufacturing units produce battery casings, pails, thinwall containers, and automotive components, while the painting facility is used for painting automotive components.
- As of July 31, 2026, the company had 352 employees and 809 contract labourers.
Use of Proceeds
| 1) | Funding the capital expenditure towards purchase of plant and machinery | 54.93 |
| 2) | Repayment and/or pre-payment, in part or full, of certain borrowings availed by Company | 15.00 |
| 3) | General Corporate Purposes | |
| Total | 69.93 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Manika Plastech IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Manika Plastech | 2.36 | 2.36 | 15.54 | - | 15.54 | - | - |
| Hitech Corporation | 8.84 | 8.84 | 165.72 | 37.85 | 5.34 | 2.02 | - |
| Mold-Tek Packaging | 21.93 | 21.93 | 207.64 | 32.34 | 10.56 | 3.43 | - |
| Shaily Engineering Plastics | 36.97 | 36.83 | 36.83 | 88.85 | 23.71 | 21.11 | - |
Quick Info
| Sector | Packaging / Plastics Manufacturing |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹501.00 Cr |
Important Dates
| IPO Open | Sep 11, 2026 |
| IPO Close | Sep 16, 2026 |
| Allotment Date | Sep 17, 2026 |
| Credit to Demat | Sep 18, 2026 |
| Listing Date | Tentative: Sep 21, 2026 |
Lead Manager(s)
Pantomath Capital Advisors Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹125.50 crores.
- Issue Structure: The issue is a combination of a fresh issue of 2.15 crore shares aggregating to ₹92.50 crores and an offer for sale of 76.74 lakh shares aggregating to ₹33.00 crores.
- IPO Dates: The issue opens for subscription on September 11, 2026 and closes on September 16, 2026.
- Allotment Date: The allotment is expected to be finalized on September 17, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on September 21, 2026.
- Retail Investment Requirement: Minimum 1 lot (348 shares) amounting to approximately ₹14,964 at the upper price band.
- Issue Price Band: ₹40 to ₹43 per equity share.
- Lot Size: 348 shares per lot.
This IPO offers investors an opportunity to participate in the company through a combination of a fresh issue of shares and an offer for sale by existing shareholders.