Manika Plastech IPO Details
| IPO Open Date | September 11, 2026 |
| IPO Close Date | September 16, 2026 |
| Face Value | âč2 Per Equity Share |
| IPO Price Band | âč40 to âč43 Per Share |
| Issue Size | Approx âč125.50 Crores |
| Fresh Issue | Approx âč92.5 Crores |
| Offer for Sale: | Approx 76,74,418 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Manika Plastech IPO Market Lot
The Manika Plastech IPO minimum market lot is 348 shares with âč14,964 application amount. The retail investors can apply up-to 13 lots with 4,524 shares of âč1,94,532 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 348 | âč14,964 |
| Retail Maximum | 13 | 4,524 | âč1,94,532 |
| S-HNI Minimum | 14 | 4,872 | âč2,09,496 |
| S-HNI Maximum | 66 | 22,968 | âč9,87,624 |
| B-HNI Minimum | 67 | 23,316 | âč10,02,588 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 87,55,813 Shares | 30% |
| QIB (Ex. Anchor) | 58,37,210 Shares | 20% |
| NII Shares Offered | 43,77,907 Shares | 15% |
| Retail Shares Offered | 1,02,15,116 Shares | 35% |
Manika Plastech IPO Anchor Investors
| Anchor Bidding Date | August 10, 2026 |
| Anchor Investors List | |
| Shares Offered | 87,55,813 Shares |
| Anchor Size | 37.65 Cr. |
| lock-in period end date 50% shares (30 Days) | Oct 17, 2026 |
| lock-in period end date 50% shares (90 Days) | Dec 16, 2026 |
Manika Plastech IPO Dates
The Manika Plastech IPO date is September 11 and the close date is September 16. The Manika Plastech IPO allotment will be finalized on September 17 and the IPO listing on September 21.
| IPO Open Date: | September 11, 2026 |
| IPO Close Date: | September 16, 2026 |
| Basis of Allotment: | September 17, 2026 |
| Refunds: | September 18, 2026 |
| Credit to Demat Account: | September 18, 2026 |
| IPO Listing Date: | September 21, 2026 |
Promoters and Holding Pattern
The promoters of the company are Nikunj Mohanlal Kapadia, Munjal Nikunj Kapadia, Mihir Nikunj Kapadia, Pratik Nikunj Kapadia and Vridaa Holding Trust.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 95,000,000 | 100% | 87,325,582 | 74.95% |
| Others* | – | -% | 29,186,045 | 25.05% |
| Total | 95,000,000 | 100% | 116,511,627 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Funding the capital expenditure towards purchase of plant and machinery | âč59.82 |
| Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company | âč25.00 |
| General Corporate Purposes | âč- |
About Manika Plastech
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.
Company Financials
Amount âč in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | âč368.76 | âč352.40 | âč11.53 | âč252.93 |
| 2025 | âč412.59 | âč387.16 | âč19.33 | âč320.99 |
| 2026 | âč437.26 | âč406.83 | âč22.40 | âč323.69 |
| June 2026 | âč162.71 | âč145.16 | âč13.07 | âč317.00 |
Company Valuation – FY2026
Check Manika Plastech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 15.18% |
| ROCE: | 18.77% |
| EBITDA Margin: | 13.34% |
| PAT Margin: | 5.12% |
| Debt to equity ratio: | 0.60 |
| Earning Per Share (EPS): | âč2.36 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.18% |
| Net Asset Value (NAV): | âč15.54 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Hitech Corporation Limited | 8.84 | 37.85 | 5.34% | 165.72 | 640.40 Cr. |
| Mold-Tek Packaging Limited | 21.93 | 32.34 | 10.56% | 207.64 | 886.61 Cr. |
| Shaily Engineering Plastics Limited | 36.97 | 88.85 | 23.71% | 155.95 | 990.67 Cr. |
IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Pvt. Ltd.
Company Address
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
Phone: +91 22 4223 4300
Email: [email protected]
Website: http://www.manikaplastech.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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