Manika Plastech's ₹125.50 crore initial public offering (IPO) entered for its final day of public subscription today, September 16, 2026, with a price band of ₹40 to ₹43 per share. As of 11:00 A.M on the third day of bidding, the issue had been subscribed 10.03 times.

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 3 Subscription Status

[September 16, 2026, 11:00 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	0.81x
Non-Institutional Investors (NIIs)	13.19x
Retail Individual Investors (RIIs)	13.80x
Total	10.03x

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 engaged in the design and manufacture of precision-engineered rigid polymer packaging solutions for industries including energy storage, dairy, food, paints, chemicals, and automotive. Supported by an in-house product development team and 30 registered industrial designs, the company manufactures products such as battery casings, pails, and food-grade thin-wall containers for industrial and consumer applications.

The company manages the packaging process across multiple stages, including product development, raw material sourcing, manufacturing, labelling, quality control, and delivery. Its battery casings are designed to 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