GMP IPO Watch
Manika Plastech IPO
Manika Plastech IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Manika Plastech IPO Details
Key facts at a glance| IPO Open Date | 10 September 2026 | IPO Close Date | 15 September 2026 |
|---|---|---|---|
| Basis of Allotment | 16 September 2026 | Listing Date | 20 September 2026 |
| Price Band | ₹40 - ₹43 per share | Face Value | ₹10 per share |
| Market Lot Size | 348 Shares | Min Investment (Retail) | ₹14,964 |
| Total Issue Size | ₹125.5 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹92.5 Cr | Offer for Sale (OFS) | ₹33 Cr |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | MUFG Intime India Pvt. Ltd. | ||
Manika Plastech IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 10 September 2026 | Confirmed |
| IPO Close Date | 15 September 2026 | Confirmed |
| Basis of Allotment | 16 September 2026 | Tentative |
| Initiation of Refunds | 18 September 2026 | Tentative |
| Credit of Shares to Demat | 18 September 2026 | Tentative |
| IPO Listing Date | 20 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 16 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Manika Plastech IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 348 Shares | ₹14,964 |
| Retail (Max) | 13 Lots | 4,524 Shares | ₹1,94,532 |
| S-HNI (Min) | 14 Lots | 4,872 Shares | ₹2,09,496 |
| S-HNI (Max) | 66 Lots | 22,968 Shares | ₹9,87,624 |
| B-HNI (Min) | 67 Lots | 23,316 Shares | ₹10,02,588 |
Manika Plastech IPO Live GMP & Movement History
Daily unofficial grey market trends₹1 +2.3%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 21 Sept 2026 | ₹1 | ₹44.00 | +2.33% |
| 17 Sept 2026 | ₹2 | ₹45.00 | +4.65% |
| 16 Sept 2026 | ₹3 | ₹46.00 | +6.98% |
| 15 Sept 2026 | ₹11 | ₹54.00 | +25.58% |
| 14 Sept 2026 | ₹11 | ₹54.00 | +25.58% |
| 11 Sept 2026 | ₹13 | ₹56.00 | +30.23% |
| 10 Sept 2026 | ₹17 | ₹60.00 | +39.53% |
| 9 Sept 2026 | ₹17 | ₹60.00 | 39.53% |
| 8 Sept 2026 | ₹20 | ₹63.00 | 46.51% |
| 7 Sept 2026 | ₹0 | ₹43.00 | 0.00% |
| 6 Sept 2026 | ₹0 | ₹43.00 | 0.00% |
Manika Plastech IPO Subscription Status
Demand breakdown by investor categoryManika Plastech Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 252.93 Cr. | 368.76 Cr. | 352.40 Cr. | 11.53 Cr. |
| 2025 | 320.99 Cr. | 412.59 Cr. | 387.16 Cr. | 19.33 Cr. |
| 2026 | 323.69 Cr. | 437.26 Cr. | 406.83 Cr. | 22.40 Cr. |
| June 2026 | 317.00 Cr. | 162.71 Cr. | 145.16 Cr. | 13.07 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Manika Plastech IPO Valuation & KPIs
Key metrics pre-issueManika Plastech Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Hitech Corporation Limited | 37.85 | 8.84 | 5.34% | 165.72 | 640.40 Cr. |
| Mold-Tek Packaging Limited | 32.34 | 21.93 | 10.56% | 207.64 | 886.61 Cr. |
| Shaily Engineering Plastics Limited | 88.85 | 36.97 | 23.71% | 155.95 | 990.67 Cr. |
About Manika Plastech
Manika Plastech produces rigid plastic packaging products, concentrating primarily on battery casings, pails, and thin-wall containers. The company manufactures its product offerings using an injection moulding process and operates six manufacturing facilities located across Dehradun, Hosur, Panipat, Una, and Dadra, alongside a dedicated painting facility in Hosur. Revenue is primarily generated through the direct sale of its rigid plastic packaging products to various corporate customers. Additionally, the company earns revenue by offering specialized painting services for automotive components at its Hosur location. Manika Plastech caters to prominent original equipment manufacturers and customer accounts across sectors such as battery manufacturing, industrial chemicals, paints, and automotive components. The company positions its operating facilities in close physical proximity to the manufacturing plants of its primary customer accounts to support localized supply requirements.
Key Strengths
- Long-standing relationships with key clients across diversified industries.
- Manufacturing units located near major customers for reliable supply.
- Diverse product portfolio specializing in durable battery casings and pails.
- Advanced facilities equipped with automated injection moulding machinery.
- Experienced promoter group driving strategic expansion and operational growth.
Key Risks
- High dependency on the top five customers for the majority of operating revenue.
- Substantial sales concentration in a single product segment, battery casings.
- Exposure to raw material price volatility, particularly for polymer resins.
- Operation of several manufacturing and warehouse facilities on leased land.
- Substantial working capital needed to finance receivables and inventory levels.
Manika Plastech IPO Reservation & Share Quotas
The Manika Plastech IPO reservation is divided among qualified institutional buyers, non-institutional investors and retail investors. The allocation provides a clear view of how the IPO shares are proposed to be distributed across the major investor categories.
QIB investors excluding the anchor portion are reserved 50% of the offered shares, while NII investors have a 15% allocation. Retail investors are entitled to 35% of the issue. The anchor investor share count and percentage are currently shown as not available in the provided allocation details.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: Reservation figures are based on the IPO allocation details provided for Manika Plastech IPO.
Manika Plastech IPO Important Dates
The Manika Plastech IPO is scheduled to open on September 11, 2026, and close on September 16, 2026. The basis of allotment is expected to be finalized on September 17, followed by refunds and credit of shares to eligible investors on September 18.
The Manika Plastech IPO listing is scheduled for September 21, 2026. Investors can follow the timeline below to track each important stage of the IPO process, from subscription and allotment to demat credit and listing.
| Particular | Details |
|---|---|
| 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 |
Note: IPO dates are based on the schedule provided for Manika Plastech IPO.
Manika Plastech IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 11 Sept 2026 |
| IPO Close Date | 16 Sept 2026 |
| Basis of Allotment | 17 Sept 2026 |
| Refunds | 18 Sept 2026 |
| Credit to Demat Account | 18 Sept 2026 |
| IPO Listing Date | 21 Sept 2026 |
Note: The timeline for ಮಣಿಕಾ ಪ್ಲಾಸ್ಟೆಕ್ IPO is tentative and subject to change.
Manika Plastech Objects of the Issue & Utilisation of Proceeds
The proceeds raised through the Manika Plastech IPO are primarily planned to support the company's capital expenditure requirements and strengthen its financial position. A major portion of the funds will be used for purchasing plant and machinery to support the company's operational and manufacturing requirements.
The company also proposes to use part of the IPO proceeds for the repayment and/or pre-payment of certain borrowings. The remaining amount, if any, will be available for general corporate purposes. The proposed utilisation of the issue proceeds is given below.
| Particular | Details |
|---|---|
| Plant and Machinery | ₹59.82 Cr |
| Repayment / Pre-payment of Borrowings | ₹25.00 Cr |
| General Corporate Purposes | ₹- |
Note: The utilisation amounts are based on the IPO issue details provided for Manika Plastech.
Manika Plastech Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Funding capital expenditure for the purchase of plant and machinery | 54.93 (59.38%) |
| Repayment and/or prepayment of certain borrowings | 15 (16.22%) |
| General corporate purposes | 22.57 (24.40%) |
Note: Objectives are as specified in the DRHP/RHP documents of ಮಣಿಕಾ ಪ್ಲಾಸ್ಟೆಕ್.
Manika Plastech Company Financial Report
Manika Plastech has shown steady growth in revenue and profitability across the reported financial periods. Revenue increased from ₹368.76 Crores in 2024 to ₹437.26 Crores in 2026, while profit after tax also improved during the same period.
The company reported a PAT of ₹22.40 Crores in 2026 compared with ₹11.53 Crores in 2024. The June 2026 figures provide an additional view of the company's financial performance during the latest reported period.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹368.76 Cr | ₹352.40 Cr | ₹11.53 Cr | ₹252.93 Cr |
| 2025 | ₹412.59 Cr | ₹387.16 Cr | ₹19.33 Cr | ₹320.99 Cr |
| 2026 | ₹437.26 Cr | ₹406.83 Cr | ₹22.40 Cr | ₹323.69 Cr |
| June 2026 | ₹162.71 Cr | ₹145.16 Cr | ₹13.07 Cr | ₹317.00 Cr |
Note: Amounts are presented in ₹ Crores. June 2026 represents the latest reported interim period.
Manika Plastech Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 368.76 Cr. | 352.40 Cr. | 11.53 Cr. | 252.93 Cr. |
| 2025 | 412.59 Cr. | 387.16 Cr. | 19.33 Cr. | 320.99 Cr. |
| 2026 | 437.26 Cr. | 406.83 Cr. | 22.40 Cr. | 323.69 Cr. |
| June 2026 | 162.71 Cr. | 145.16 Cr. | 13.07 Cr. | 317.00 Cr. |
Note: Financial numbers for ಮಣಿಕಾ ಪ್ಲಾಸ್ಟೆಕ್ are in ₹ Crores unless stated otherwise.
Manika Plastech Company Valuation & Key Performance Indicators
| 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) | 2.36 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 15.18% |
| Net Asset Value (NAV) | 15.54 |
Note: Valuation KPIs for ಮಣಿಕಾ ಪ್ಲಾಸ್ಟೆಕ್ are computed for FY2026.
Manika Plastech 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. |
Note: Peer group comparisons for ಮಣಿಕಾ ಪ್ಲಾಸ್ಟೆಕ್ are sourced from DRHP filings.
Manika Plastech IPO FAQs
Manika Plastech IPO opens for subscription on 10 September 2026 and closes on 15 September 2026.
The price band for Manika Plastech IPO is set at ₹40.00 to ₹43.00 per share.
The minimum market lot size is 348 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 348 Shares (₹14,964).
The latest Grey Market Premium (GMP) for Manika Plastech IPO is ₹1. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Manika Plastech IPO is tentatively scheduled for 16 September 2026, and shares are expected to list on the stock exchanges on 20 September 2026.
MUFG Intime India Pvt. Ltd. is the official registrar for Manika Plastech IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.