Manika Plastech IPO Details Details

Manika Plastech IPO is a book-built issue of ₹125.50 crore, comprising a fresh issue of approximately 2.15 crore shares aggregating to ₹92.50 crore and an Offer for Sale (OFS) of approximately 76.74 lakh shares aggregating to ₹33.00 crore. The IPO will open for subscription on September 11, 2026, and close on September 16, 2026. The basis of allotment is expected to be finalized on September 17, 2026, while the shares are tentatively scheduled to list on the BSE and NSE on September 21, 2026. The price band for the Manika Plastech IPO has been fixed at ₹40–₹43 per share. The minimum application lot size is 348 shares, requiring a minimum investment of ₹14,964 for retail investors at the upper end of the price band. Pantomath Capital Advisors Pvt. Ltd. is acting as the Book Running Lead Manager (BRLM) to the issue, while MUFG Intime India Pvt. Ltd. is the registrar. Investors should refer to the company’s Red Herring Prospectus (RHP) for detailed information regarding its business operations, financial performance, risk factors, objects of the issue, and other material disclosures before making an investment decision.

IPO Details

IPO Date 11 Sep 26
Listing Date 21 Sep 26
Face Value ₹2 per share
Price Band ₹40 to ₹43
Lot Size 348
Sale Type Fresh capital cum OFS
Issue Type Bookbuilding IPO
Listing At NSE, BSE
Total Issue Size ₹125 Cr
Fresh Issue
₹92 Cr
Offer for Sale
Share Holding Pre Issue 9,50,00,000 shares
Share Holding Post Issue 11,65,11,627 shares

IPO DRHP Status

Description Details

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

About Manika Plastech IPO Details.


Incorporated in 1996, Manika Plastech Limited is engaged in the manufacturing of rigid polymer packaging products, primarily comprising battery casings, pails and thin-wall containers. The Company caters to a diversified range of industrial and consumer applications across India. Its product portfolio includes battery casings used across automotive, energy storage and related applications; pails used for packaging paints, lubricants, industrial chemicals and other products; and food-grade thin-wall containers used for the packaging and distribution of dairy and edible food products. The products are designed to provide structural strength, product protection, durability and ease of handling throughout their intended lifecycle. Manika Plastech provides end-to-end rigid polymer packaging solutions encompassing product design and development, raw material sourcing, manufacturing, heat sealing, labelling, quality assurance and delivery. The Company has also developed capabilities to manufacture customized packaging products based on specific customer requirements. Its automotive battery casings are designed in accordance with internationally recognized Japanese Industrial Standards (JIS) and German DIN standards, enabling it to meet customer-specific technical specifications and quality requirements. The Company caters to 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 financial years, Manika Plastech served between 168 and 242 customers across 24 states and union territories in India. As of June 30, 2026, its top 20 customers had an average relationship tenure of more than 10 years, reflecting established and long-standing customer relationships. Its operating track record of over two decades has enabled the Company to develop relationships across multiple industries, thereby helping diversify its revenue base and reduce dependence on any single customer or industry segment. Manufacturing Footprint Manika Plastech operates seven facilities across India, comprising six manufacturing facilities located across Dadra, Dehradun, Hosur, Panipat and Una, along with a dedicated painting facility in Hosur. These facilities manufacture battery casings, pails, thin-wall containers and automotive components, while the Hosur painting facility undertakes painting operations for automotive components. Dadra: The facility primarily manufactures pails and thin-wall containers and caters to customers including Vadilal Industries Limited and other food and dairy product manufacturers. Dehradun: This facility primarily 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: The Hosur manufacturing facility produces battery casings, pails, thin-wall containers and automotive components. Its customers include 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: The dedicated painting facility provides painting services for automotive components and caters to customers including Ultraviolette Automotive Private Limited, TVS Motor Company Limited and other automotive component and commercial electric vehicle manufacturers. Panipat: The facility manufactures pails and thin-wall containers, with Grasim Industries Limited among its key customers. Una: The facility manufactures battery casings, pails and thin-wall containers for customers including Livguard Energy Technologies Private Limited, Luminous Power Technologies Private Limited and Kansai Nerolac Paints Limited. Workforce As of July 31, 2026, Manika Plastech had a workforce comprising 352 employees and 809 contract labourers, supporting its manufacturing and operational activities across its facilities. Overall, Manika Plastech has established a diversified rigid polymer packaging manufacturing platform supported by a broad product portfolio, geographically distributed manufacturing facilities, long-standing customer relationships and exposure to multiple end-user industries.

Company Financials (Restated)

Period Ended 30 Jun 2026 31 Mar 2026 31 Mar 2025
Assets 317.00 323.69 320.99
Total Income 162.71 437.26 412.59
Profit After Tax 13.07 22.40 19.33
EBITDA 24.38 58.14 45.30
Net Worth 156.78 147.62 125.17
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
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 0.00

Key Performance Indicator (KPI)

KPI Jun 30, 2026 Mar 31, 2026
ROE 8.34%% 15.18%%
ROCE 8.34%% 18.77%%
Debt/Equity - -
RoNW 8.34%% 15.18%%
PAT Margin 8.03%% 5.12%%
EBITDA Margin 15.01%% 13.34%%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 2.36 4.49
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.

IPO Registrar

  • MUFG Intime India Pvt.Ltd.
  • 022-49186000
  • manikaplastech.ipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)

Contact Details

Manika Plastech Ltd. Address
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

IPO FAQs

  • What is the Aureate Tradde IPO?

    Aureate Tradde IPO is a SME IPO of 38,98,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is . The Aureate Tradde IPO open and close dates are not available as of now. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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