Manika Plastech's ₹125.50 crore initial public offering (IPO) opened for public subscription today, September 11, 2026, with a price band of ₹40 to ₹43 per share. As of 10:06 A.M on the first day of bidding, the issue had been subscribed 0.04 times.

The IPO will remain open for subscription until September 16, 2026. The basis of allotment is expected to be finalised on September 17, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 21, 2026.

Manika Plastech IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue + OFS)
Total Issue Size: Up to ₹125.50 crore
Fresh Issue: Up to ₹92.50 crore
Offer for Sale (OFS): Up to ₹33.00 crore
Face Value: ₹2 per equity share
Price Band: ₹40 to ₹43 per share
Lot Size: 348 shares
Minimum Investment Amount (Retail Investor): ₹14,964 (348 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: Pantomath Capital Advisors Private Limited
Registrar: MUFG Intime India Private Limited

Manika Plastech IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	11 September 2026
Subscription Closing Date	16 September 2026
Basis of Allotment Date	17 September 2026
Refund Initiation Date	18 September 2026
Credit of Shares	18 September 2026
Listing on BSE and NSE	21 September 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Manika Plastech IPO Day 1 Subscription Status

[September 11, 2026, 10:06 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	0.00x
Non-Institutional Investors (NIIs)	0.03x
Retail Individual Investors (RIIs)	0.07x
Total	0.04x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Funding the capital expenditure towards purchase of plant and machinery
Repayment and or pre-payment, in part or full, of certain borrowings availed by the company
General corporate purposes.

About Manika Plastech Limited

Manika Plastech Limited is a design-focused manufacturer of precision-engineered rigid polymer packaging solutions for industries including energy storage, dairy, food, paints, chemicals, and automotive. The company develops its products in-house and holds 30 registered industrial designs. Its product portfolio includes high-performance battery casings, pails, and food-grade thin-wall containers designed for industrial and consumer applications.

The company provides end-to-end packaging solutions, covering product design, raw material sourcing, manufacturing, labelling, quality assurance, and delivery. Its manufacturing facilities produce battery casings that comply with Japanese (JIS) and German (DIN) standards. Manika Plastech serves customers across sectors such as telecommunications, lubricants, agrochemicals, construction chemicals, and food packaging.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	435.98	406.50	360.77
EBITDA	58.14	45.30	30.89
Profit After Tax (PAT)	22.40	19.31	11.53