Manika Plastech Limited
IPO Details
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Company Fin.
₹17(39.53%)
Premium (ELP)
The capital markets are poised for the arrival of Manika Plastech Limited's's Initial Public Offering, targeting a total fundraise of 2,91,86,046 Shares. This comprises 2,15,11,627 Shares in new capital generation and ₹33.00 Cr in secondary market transactions through existing shareholders.
Investors can consider participating in this offering within the stipulated price range of ₹40 to ₹43, with each application lot consisting of 348 shares. The IPO represents a milestone event in the company's corporate journey.
The subscription period commences on Sep 11, 2026 and will remain open until Sep 16, 2026. The basis of allotment will be announced on Sep 17, 2026, with trading expected to initiate on Sep 21, 2026 across the NSE, BSE platform.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Manika Plastech Limited is an Indian company that manufactures specialized polymer-based packaging solutions, mainly producing multilayer barrier films and containers used in industries like food and beverages, pharmaceuticals, personal care, agrochemicals, and lubricants. Its products are designed to improve shelf life, maintain product quality, and protect against moisture, oxygen, and other external factors. The company uses advanced co-extrusion technology to create high-quality multilayer packaging and serves both domestic and international markets, building strong relationships with clients through customized and reliable solutions. It also focuses on sustainability, efficiency, and maintaining global quality standards in its operations. Currently, the company operates seven manufacturing facilities across locations like Dehradun, Hosur, Panipat, Una, and Dadra, covering around 51,000 square meters with an installed capacity of 27,600 MTPA, along with five warehouses in Hosur, Dehradun, Jodhpur, and Katni.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Proximity to Key Customers: The company’s facilities are located close to key customers, helping it provide faster service, respond quickly to customer needs and maintain strong relationships.
- Entry Barriers & Customer Retention: The company has strong operational capabilities and long-term customer relationships, making it difficult for competitors to enter and for customers to switch suppliers.
- Integrated Value-Added Services: Manika Plastech offers in-house design, product development, labelling and manufacturing services, enabling it to provide customised and complete rigid polymer packaging solutions.
- High Customer Concentration: Around 58%–69% of revenue comes from the top five customers. Losing a major customer or receiving fewer orders from them could significantly affect revenue and financial performance.
- Dependence on Key Customer Locations: The company usually sets up facilities or warehouses near its key customers. Any decline in these customers’ business or slowdown in their industries could affect the company’s operations.
- Dependence on Battery Casings: Battery casings contribute around 54%–68% of the company’s revenue. A significant decline in battery casing sales could negatively affect revenue, profitability and cash flow.
- Nikunj Mohanlal Kapadia
- Munjal Nikunj Kapadia
- Mihir Nikunj Kapadia
- Pratik Nikunj Kapadia
- Vridaa Holding Trust
Manika Plastech Limited
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