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Manika Plastech Ltd

Manika Plastech Ltd

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹43
₹43
GMP (Grey Market)
+₹2
+4.65%
Est. Listing Price
₹45
Based on GMP
Min. Investment
₹14,964
1 lot × 348 shares
Subscribed
20.54x
Over-subscribed
IPO Details
Open Date
11 Sep 2026
Close Date
16 Sep 2026
Allotment
17 Sep 2026
Listing Date
21 Sep 2026
Exchange
NSE & BSE
Price Band
₹43
Listing Price
See chart
Allotment Status
Price Band
₹43
Per share
Face Value
₹2 per share
 
Lot Size
348 Shares
per lot
Issue Size
2,91,86,045 shares (agg. up to ₹125 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,964
1 lot
Pre-IPO Holding
9,50,00,000 shares
Promoters
Post-IPO Holding
11,65,11,627 shares
Promoters
P/E (Pre)
18.22x
 
P/E (Post)
9.58x
 
EPS (Pre)
₹2.36
 
EPS (Post)
₹4.49
 
UPI Deadline
5:00 PM on 16 Sep 2026
Mandate
GMP
+₹2
+4.65% est.
Anchor AllotmentThu, 10 Sep 2026
Basis of AllotmentThu, 17 Sep 2026
Refund InitiationFri, 18 Sep 2026
Demat CreditFri, 18 Sep 2026
Listing DayMon, 21 Sep 2026
UPI Mandate Deadline5:00 PM on 16 Sep 2026
Sale TypeFresh capital cum OFS
Fresh Issue Shares2,15,11,627 shares (agg. up to ₹92 Cr)
Offer for Sale76,74,418 shares of ₹2 (agg. up to ₹33 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Manika Plastech Ltd IPO subscribed 20.54 times overall. Retail: 23.36x. QIB: 5.02x. NII: 65.67x. By 16 Sep 2026.
QIB
5.02x
Over
NII/HNI
65.67x
Over
Retail
23.36x
Over
Total
20.54x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 5.02x
14,593,022
— ₹62.75
NII / HNI
Over 65.67x
4,377,907
— ₹18.83
Retail
Over 23.36x
10,215,116
— ₹43.92
Total 20.54x
29,186,045
100% ₹125.50
IPO Shares Offered
Manika Plastech Ltd IPO total issue size: ₹125.50 Cr. Retail: ₹43.92 Cr. QIB: ₹62.75 Cr. NII: ₹18.83 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 14,593,022 ₹62.75
50.00%
NII 4,377,907 ₹18.83
15.00%
Retail 10,215,116 ₹43.92
35.00%
Total 29,186,045 ₹125.50
100.00%
* Based on upper price band ₹43 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) — — — — — 4,377,907 10,215,116 14,593,023
Allotment price (₹) 43 43 43 43 43 43 43 43
No. of applications — — — — — — — —
No. of shares applied — — — — — — — —
Amount collected (₹Cr) — — — — — — ₹43.92 ₹43.92
Times subscribed 5.02x — — — — 65.67x 23.36x 20.54x
Shares allotted — — — — — 4,377,907 10,215,116 14,593,023
No. of allottees — — — — — — — —
* Upper price band ₹43 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
348
Shares per Lot
Issue Price
₹43.00
Upper Band
Min Investment
₹14,964
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2696₹29,928
Retail (Max — 13 Lots)134,524₹194,532
S-HNI (Min — 14 Lots)144,872₹209,496
B-HNI (Min — 68 Lots)6823,664₹1,017,552
* Issue Price ₹43 × Lot Size 348 shares
IPO Schedule
Anchor
10 Sep 2026
✓ Done
IPO Open
11 Sep 2026
✓ Done
IPO Close
16 Sep 2026
✓ Done
Allotment
17 Sep 2026
✓ Done
Refunds
18 Sep 2026
✓ Done
Demat Credit
18 Sep 2026
✓ Done
Listing Day
21 Sep 2026
✓ Done
Manika Plastech Ltd — Live Price LIVE
₹43.00
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Issue ₹43.00 GMP: +₹2 Live Price
About Manika Plastech Ltd
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 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.During the three-month period ended June 30, 2026 and the preceding three Fiscals, the Company served 168 to 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, while its long operating history of over two decades has enabled it to build relationships across multiple industries and reduce dependence on any particular customer or industry segment.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.The Company operates 6 manufacturing facilities and 1 painting facility across India. Its manufacturing units produce battery casings, pails, thinwall containers and automotive components, while the painting facility is used for painting automotive components.Dadra: Manufactures pails and thinwall containers, serving Vadilal Industries Limited and other leading food and dairy product manufacturers.Dehradun: Manufactures battery casings for customers including Livguard Energy Technologies Private Limited, Luminous Power Technologies Private Limited, Genus Innovation Limited and HSD Batteries (India) Pvt. Ltd.Hosur (Manufacturing): Produces battery casings, pails, thinwall containers and automotive components for customers such as Luminous Power Technologies Private Limited, Kansai Nerolac Paints Limited, JSW Paints Limited, Sakthi Accumulators Private Limited, Surya Batteries and Zunax Energy Products LLP.Hosur (Painting): Provides painting of automotive components for Ultraviolette Automotive Private Limited, TVS Motor Company Limited and other automotive component and commercial EV manufacturers.Panipat: Manufactures pails and thinwall containers, with Grasim Industries Limited as a key customer.Una: Manufactures battery casings, pails and thinwall containers for customers including Livguard Energy Technologies Private Limited, Luminous Power Technologies Private Limited and Kansai Nerolac Paints Limited.
Objects of the Issue
1
Funding the capital expenditure towards purchase of plant and machinery
2
Repayment and/or pre-payment, in part or full, of certain borrowings availed by Company
3
General Corporate Purposes
Manika Plastech Ltd Financials (Amount in Crore)
Revenue from Operations
₹412.6
31 Mar 2025
₹437.3
31 Mar 2026
₹162.7
30 Jun 2026
Profit After Tax (PAT)
₹19.3
31 Mar 2025
₹22.4
31 Mar 2026
₹13.1
30 Jun 2026
Particulars30 Jun 202631 Mar 202631 Mar 2025
Revenue from Operations 162.71 437.26 412.59
EBITDA 24.38 58.14 45.30
Profit After Tax (PAT) 13.07 22.40 19.33
Net Worth 156.78 147.62 125.17
Total Assets 317.00 323.69 320.99
Reserves & Surplus 136.97 127.69 105.29
Borrowings 92.46 88.19 97.45
EBITDA Margin (%) 15.01 — —
PAT Margin (%) 8.03 — —
P/BV Ratio
2.61
RoE
8.34
RoCE
8.34
RoNW
8.34
PAT Margin
8.03
EBITDA Margin
15.01
Debt/Equity
0.59
Issue Structure & Shareholding
Total Shares Offered2,04,30,233
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding9,50,00,000 shares
Post-Issue Promoter Holding11,65,11,627 shares
P/BV Ratio2.61
RoE8.34
RoCE8.34
Debt / Equity0.59
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Pantomath Capital Advisors Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Manika Plastech Ltd IPO subscribed? ▲

Manika Plastech Ltd IPO is subscribed 20.54 times by Sep 16, 2026. Retail: 23.36x. QIB: 5.02x. NII: 65.67x.

Investor CategorySubscription
Qualified Institutional (QIB)5.02x
Non Institutional (NII/HNI)65.67x
Retail Individual23.36x
Total Subscription20.54x
What is Manika Plastech Ltd IPO retail subscription status? ▼

The Manika Plastech Ltd IPO retail category is subscribed 23.36 times as of 16 Sep 2026. The retail portion is oversubscribed.

How to subscribe Manika Plastech Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 11 Sep 2026 and closes 16 Sep 2026. Min investment: ₹14,964 (1 lot = 348 shares). UPI mandate: 5:00 PM on 16 Sep 2026.

How many times Manika Plastech Ltd IPO subscribed? ▼

The Manika Plastech Ltd IPO subscribed 20.54x overall. QIB: 5.02x, NII: 65.67x, Retail: 23.36x. Applications: from NSE/BSE.

How to check Manika Plastech Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 17 Sep 2026. Refunds: on 18 Sep 2026.

When Manika Plastech Ltd IPO will be listed? ▼

The Manika Plastech Ltd IPO listing date is 21 Sep 2026, Monday. Listed on: NSE & BSE. Issue price: ₹43. Estimated listing: ₹45. GMP: +₹2.

When Manika Plastech Ltd IPO close? ▼

The Manika Plastech Ltd IPO closes on 16 Sep 2026, Wednesday. UPI mandate: 5:00 PM on 16 Sep 2026. Allotment: 17 Sep 2026. Listing: 21 Sep 2026.