Manika Plastech IPO
Manika Plastech IPO Details
-
Open Date
11 Sep 2026
-
Close Date
16 Sep 2026
- IPO Price Range
₹ 40 to ₹43
- IPO Size
₹ 125.50 Cr Cr
Manika Plastech IPO Timeline
Last Updated: 09 September 2026 1:36 PM by 5paisa
Manika Plastech Limited manufactures rigid polymer packaging products, including battery casings, pails and thinwall containers, serving industries such as automotive, energy storage, paints, lubricants, chemicals, food and dairy. With over two decades of experience, the Company provides end-to-end solutions spanning design, manufacturing, labelling, quality assurance and delivery. It serves customers across 24 Indian states and union territories, supported by longstanding relationships and customised manufacturing capabilities.
Established in: 1996
Managing Director: Munjal Nikunj Kapadia
Peers
| Metric | Manika Plastech Limited | Hitech Corporation Limited | Mold-Tek Packaging Limited |
|---|---|---|---|
| Face Value | 2 | 10 | 5 |
| Closing Price as on August 31, 2026 | - | 334.60 | 709.25 |
| Revenue from operations | 435.98 | 640.40 | 886.61 |
| EPS (Basic) | 2.36 | 8.84 | 21.93 |
| EPS (Diluted) | 2.36 | 8.84 | 21.93 |
| NAV | 15.54 | 165.72 | 207.64 |
| P/E | - | 37.85 | 32.34 |
| RoNW (%) Fiscal 2026 | 15.18 | 5.34 | 10.56 |
Manika Plastech Objectives
1. Funding the capital expenditure towards purchase of plant and machinery
2. Repayment and/or pre-payment, in part or full, of certain borrowings availed by Company
3. General Corporate Purposes
Manika Plastech IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹125.50 Cr |
| Offer For Sale | ₹92.50 Cr |
| Fresh Issue | ₹33.00 Cr |
Manika Plastech IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 348 | 13,920 |
| Retail (Max) | 13 | 4,524 | 1,94,532 |
| S-HNI (Min) | 14 | 4,872 | 1,94,880 |
| S-HNI (Max) | 66 | 22,968 | 9,87,624 |
| B-HNI (Min) | 67 | 23,316 | 9,32,640 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 360.77 | 406.50 | 435.98 |
| EBITDA | 30.86 | 45.30 | 58.14 |
| PAT | 11.53 | 19.33 | 22.40 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 252.93 | 320.99 | 323.69 |
| Share Capital | 19.0 | 19.0 | 19.0 |
| Total Liabilities | 144.93 | 195.81 | 176.08 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 35.42 | 36.88 | 36.88 |
| Net Cash Generated From / (used in) Investing Activities | -53.29 | -23.05 | -18.72 |
| Net Cash Generated From / (used in) Financing Activities | 17.78 | -13.00 | -26.39 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.09 | 0.08 | -0.81 |
Strengths
1. Over two decades of polymer packaging experience.
2. Diversified product portfolio across multiple end-use industries.
3. Long-standing relationships with key customers across India.
4. End-to-end capabilities support customised packaging solutions.
Weaknesses
1. Battery casings contribute significant share of revenue.
2. Operations remain largely concentrated within Indian markets.
3. Business depends significantly on polymer raw materials.
4. Manufacturing operations require substantial capital investment continuously.
Opportunities
1. Growing demand for rigid polymer packaging solutions.
2. Energy storage growth may support casing demand.
3. Food packaging demand offers further expansion opportunities.
4. Product innovation can strengthen customer diversification further.
Threats
1. Polymer price volatility may pressure operating margins.
2. Intense competition could affect pricing and profitability.
3. Environmental regulations may increase compliance-related operating costs.
4. Customer demand fluctuations could impact manufacturing utilisation.
1. Diversified portfolio serving multiple growing end-user industries.
2. Integrated capabilities enable customised end-to-end packaging solutions.
3. Long-standing customer relationships support recurring business opportunities.
4. Expanding battery market offers potential growth opportunities.
India’s rigid polymer packaging industry is supported by demand across sectors such as energy storage, automotive, paints, chemicals, food and dairy. Manika Plastech’s diversified portfolio of battery casings, pails and thinwall containers positions it across several end-use markets. Its integrated manufacturing capabilities, customised product development and established customer relationships provide a foundation for expansion. Growing battery manufacturing and packaging requirements could further support demand for its specialised product portfolio.
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FAQs
Manika Plastech IPO opens from September 11, 2026 to September 16, 2026.
The size of Manika Plastech IPO is approximately ₹125.50 crore.
The price band of Manika Plastech IPO is fixed at ₹40 to ₹43 per share.
To apply for Manika Plastech IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Manika Plastech IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 348 shares, requiring an investment of approximately ₹ 13,920.
The share allotment date of Manika Plastech IPO is September 17, 2026.
The Manika Plastech IPO will likely be listed on September 21, 2026.
Pantomath Capital Advisors Pvt.Ltd is the book-running lead manager.
1. Funding the capital expenditure towards purchase of plant and machinery
2. Repayment and/or pre-payment, in part or full, of certain borrowings availed by Company
3. General Corporate Purposes