What is the GMP of Manika Plastech IPO today?

The Grey Market Premium (GMP) for Manika Plastech IPO is currently ₹1. With an upper price band of ₹43, the estimated listing price is ₹44 per share, reflecting an expected listing gain of ~2.33%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Manika Plastech IPO?

The price band for Manika Plastech IPO is ₹40 to ₹43 per equity share. The minimum lot size is 348 shares, which requires a minimum retail application investment of ₹14,964.

What are the important dates for Manika Plastech IPO?

Manika Plastech IPO opens for subscription on 2026-09-11T00:00:00 and closes on 2026-09-16T00:00:00. The basis of allotment is scheduled for 2026-09-17T00:00:00, and shares are expected to list on 2026-09-21T00:00:00 on BSE, NSE.

How can I check the allotment status for Manika Plastech IPO?

You can check Manika Plastech IPO allotment status on the registrar's official portal (MUFG Intime India Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Manika Plastech IPO?

Investors can apply for Manika Plastech IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Manika Plastech IPO open and close?

The IPO opens on 11 Sept 2026, and closes on 16 Sept 2026.

What is Manika Plastech IPO price band?

The issue price band is ₹40.00 to ₹43.00 per equity share.

What is the Manika Plastech IPO lot size?

The minimum lot size is 348 shares per application.

What is the Manika Plastech IPO allotment date?

The allotment is scheduled on 17 Sept 2026.

Manika Plastech IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

125.00 Cr

Price Band

₹40.00 - ₹43.00

Lot Size

348 Shares

Min Investment

₹14,964

GMP

₹1

Subscription

29.46x

₹2,588.31 Cr

11 Sept 2026

IPO Opens

COMPLETED

16 Sept 2026

IPO Closes

COMPLETED

17 Sept 2026

Basis of Allotment

COMPLETED

18 Sept 2026

Refunds

COMPLETED

18 Sept 2026

Demat Credit

COMPLETED

21 Sept 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

11 Sept 2026

IPO ClosesDONE

16 Sept 2026

Basis of AllotmentDONE

17 Sept 2026

RefundsDONE

18 Sept 2026

Demat CreditDONE

18 Sept 2026

ListingDONE

21 Sept 2026

About Manika Plastech IPO

Manika Plastech IPO open date is September 11, 2026 and the IPO will close on September 16, 2026. Manika Plastech IPO is a Book build Issue. The company to raise around ₹125.50 crores via IPO that comprises fresh issue of ₹92.5 crores and offer for sale up to 76,74,418 equity shares with face value of ₹2 each.

Manika Plastech IPO price band is ₹40 to ₹43 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Manika Plastech IPO to list on BSE, NSE on September 21, 2026. The allotment of Manika Plastech IPO date is September 17, 2026.

The company reported revenue of ₹437.26 crores in 2026 against ₹412.59 crores in 2025. The company reported profit of ₹22.40 crores in 2026 against profit of ₹19.33 crores in 2025.

IPO Details

Manika Plastech IPO Details and Specifications
IPO Date	11 Sept 2026 to 16 Sept 2026
Face Value	₹2 Per Share
Price Band	₹40.00 - ₹43.00
Lot Size	348 Shares
Total Issue Size	Approx 125.00 Cr 2,91,86,045 Equity Shares
Fresh Issue	Approx 92.00 Cr 2,15,11,627 Equity Shares
Offer for Sale	Approx 33.00 Cr 76,74,418 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	21 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹2,588.31 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	1,45,93,022	50.00%
- Anchor	87,55,813	0.00%
- QIB (Ex. Anchor)	58,37,209	0.00%
NII	43,77,907	15.00%
- bNII > ₹10L	29,18,605	0.00%
- sNII < ₹10L	14,59,302	0.00%
Retail	1,02,15,116	35.00%
Total	2,91,86,045	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	348	₹14,964
Individual investors (Retail) (Max)	13	4,524	₹1,94,532
S-HNI (Min)	14	4,872	₹2,09,496
S-HNI (Max)	66	22,968	₹9,87,624
B-HNI (Min)	67	23,316	₹10,02,588

About Company

Since its incorporation in 1996, Manika Plastech has been involved in the manufacturing of rigid polymer packaging products. Its product range includes the manufacturing of battery casings, pails, and thin-wall containers used in packaging, industrial, and consumer applications. Manika Plastech provides complete polymer packaging solutions, from design, development, sourcing of raw materials, manufacturing, heat sealing, labelling, and delivery. Moreover, the company operates 7 manufacturing facilities situated in Dehradun, Hosur, Panipat, Una, and Dadra, and 1 painting facility located in Hosur. As of June 2026, the company has served 168 to 242 customers across various industries such as automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food, and dairy.

Contact Details

Manika Plastech Ltd.

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

+91 22 4223 4300

cs@manikaplastech.com

Visit Website

Registrar

MUFG Intime India Pvt Ltd

022-49186000

manikaplastech.ipo@in.mpms.mufg.com

Lead Managers

Pantomath Capital Advisors Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
21-Sep-2026 06:00 PM	+₹1	₹44	+2.33%	₹348
19-Sep-2026 06:00 PM	+₹2	₹45	+4.65%	₹696
18-Sep-2026 06:00 PM	+₹2	₹45	+4.65%	₹696
17-Sep-2026 06:00 PM	+₹2	₹45	+4.65%	₹696
16-Sep-2026 06:00 PM	+₹5	₹48	+11.63%	₹1,740
15-Sep-2026 06:00 PM	+₹11	₹54	+25.58%	₹3,828
14-Sep-2026 06:00 PM	+₹10	₹53	+23.26%	₹3,480
12-Sep-2026 06:00 PM	+₹10	₹53	+23.26%	₹3,480
11-Sep-2026 06:00 PM	+₹13	₹56	+30.23%	₹4,524
10-Sep-2026 06:00 PM	+₹13	₹56	+30.23%	₹4,524
09-Sep-2026 06:00 PM	+₹17	₹60	+39.53%	₹5,916
08-Sep-2026 06:00 PM	+₹20	₹63	+46.51%	₹6,960
07-Sep-2026 06:00 PM	+₹0	₹43	+0.00%	₹0
06-Sep-2026 06:00 PM	+₹0	₹43	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	11.22x	58,37,209	6,54,93,485	₹281.62 Cr
NII	66.58x	43,77,907	29,14,81,056	₹1,253.37 Cr
bNII > ₹10L	74.16x	29,18,605	21,64,43,747	₹930.71 Cr
sNII < ₹10L	51.42x	14,59,302	7,50,37,309	₹322.66 Cr
Retail	23.98x	1,02,15,116	24,49,58,482	₹1,053.32 Cr
Total	29.46x	2,04,30,232	60,19,33,023	₹2,588.31 Cr

Objects of the Issue

01 Funding the capital expenditure towards purchase of plant and machinery : 59.82 Cr
02 Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company : 25.00 Cr
03 General Corporate Purposes : - Cr

Company Financials

Period Ended	30 JUN 2026	31 MAR 2026	31 MAR 2025	31 MAR 2024
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 ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	18.77%
Debt/Equity Ratio	0.60
Return on Net Worth (RoNW)	15.18%
PAT Margin	5.12%
EBITDA Margin	13.34%
Net Asset Value (NAV)	₹15.54
Earning Per Share (EPS)	₹2.36 (Basic)
Price/Earning P/E Ratio	N/A

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Shaily Engineering Plastics Limited	36.97	88.85	155.95	23.71	990.67
Mold-Tek Packaging Limited	21.93	32.34	207.64	10.56	886.61
Hitech Corporation Limited	8.84	37.85	165.72	5.34	640.40

Promoters and Holding Pattern

Nikunj Mohanlal Kapadia, Munjal Nikunj Kapadia, Mihir Nikunj Kapadia, Pratik Nikunj Kapadia and Vridaa Holding Trust. is the company's promoter of Manika Plastech.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	100.00%	74.95%
Others*	0.00%	25.05%

Strengths

Most of its operating facilities are located close to key customers, allowing it to provide personalized services based on their needs and to support higher customer retention.
Manika Plastech is a one-stop shop for customers, from product design and development to mould design, manufacturing, quality testing, packing, and delivery.
The company operates a low-risk business with a wide range of industry applications, customer base, suppliers, location, and product portfolio.
The firm has committed to offering sustainable packaging solutions that follow ESG (Environmental, Social, and Governance) standards.

Risks

About 58%-69% of the company’s revenue comes from its top 5 customers. Loss of any of the top customers can adversely affect the business and cash flow.
To meet the requirements of its key customers, it has to set up its operating facilities close to its major customers. Loss of any of these key customers or their industries experiencing a slowdown can negatively impact the business and financial condition.
About 54% - 68% of its revenue is derived from the sale of battery casings. Any decline in the sale of battery casings can badly affect the business, financial condition, and cash flow.

Frequently Asked Questions (FAQ)

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About Manika Plastech IPO

The company reported revenue of ₹437.26 crores in 2026 against ₹412.59 crores in 2025. The company reported profit of ₹22.40 crores in 2026 against profit of ₹19.33 crores in 2025.

IPO Details

Manika Plastech IPO Details and Specifications
IPO Date	11 Sept 2026 to 16 Sept 2026
Face Value	₹2 Per Share
Price Band	₹40.00 - ₹43.00
Lot Size	348 Shares
Total Issue Size	Approx 125.00 Cr 2,91,86,045 Equity Shares
Fresh Issue	Approx 92.00 Cr 2,15,11,627 Equity Shares
Offer for Sale	Approx 33.00 Cr 76,74,418 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	21 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹2,588.31 Cr

Investor Category

Shares Offered

% Net Issue

QIB

1,45,93,022

50.00%

- Anchor

87,55,813

0.00%

- QIB (Ex. Anchor)

58,37,209

0.00%

NII

43,77,907

15.00%

- bNII > ₹10L

29,18,605

0.00%

- sNII < ₹10L

14,59,302

0.00%

Retail

1,02,15,116

35.00%

Total

2,91,86,045

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

348

₹14,964

Individual investors (Retail) (Max)

4,524

₹1,94,532

S-HNI (Min)

4,872

₹2,09,496

S-HNI (Max)

22,968

₹9,87,624

B-HNI (Min)

23,316

₹10,02,588

About Company

Contact Details

Manika Plastech Ltd.

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

+91 22 4223 4300

cs@manikaplastech.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

21-Sep-2026 06:00 PM

+₹1

₹44

+2.33%

₹348

19-Sep-2026 06:00 PM

+₹2

₹45

+4.65%

₹696

18-Sep-2026 06:00 PM

+₹2

₹45

+4.65%

₹696

17-Sep-2026 06:00 PM

+₹2

₹45

+4.65%

₹696

16-Sep-2026 06:00 PM

+₹5

₹48

+11.63%

₹1,740

15-Sep-2026 06:00 PM

+₹11

₹54

+25.58%

₹3,828

14-Sep-2026 06:00 PM

+₹10

₹53

+23.26%

₹3,480

12-Sep-2026 06:00 PM

+₹10

₹53

+23.26%

₹3,480

11-Sep-2026 06:00 PM

+₹13

₹56

+30.23%

₹4,524

10-Sep-2026 06:00 PM

+₹13

₹56

+30.23%

₹4,524

09-Sep-2026 06:00 PM

+₹17

₹60

+39.53%

₹5,916

08-Sep-2026 06:00 PM

+₹20

₹63

+46.51%

₹6,960

07-Sep-2026 06:00 PM

+₹0

₹43

+0.00%

₹0

06-Sep-2026 06:00 PM

+₹0

₹43

+0.00%

₹0

Manika Plastech IPO Details

About Manika Plastech IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Manika Plastech IPO open and close?

What is Manika Plastech IPO price band?

What is the Manika Plastech IPO lot size?

What is the Manika Plastech IPO allotment date?

What is the Manika Plastech IPO listing date?

What is the minimum investment required in Manika Plastech IPO?

Join the discussion

Manika Plastech IPO Details

About Manika Plastech IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Manika Plastech IPO open and close?

What is Manika Plastech IPO price band?

What is the Manika Plastech IPO lot size?

What is the Manika Plastech IPO allotment date?

What is the Manika Plastech IPO listing date?

What is the minimum investment required in Manika Plastech IPO?

Join the discussion