Manika Plastech Limited’s initial public offering (IPO) is set to open for subscription on September 11, 2026. According to the Red Herring Prospectus (RHP), the ₹125.50 crore book-built issue comprises a fresh issue of 2.15 crore equity shares aggregating up to ₹92.50 crore and an offer for sale (OFS) of 0.76 crore equity shares aggregating up to ₹33.00 crore by its existing shareholders.

The IPO will remain open until September 16, 2026. The basis of allotment is expected to be finalised on September 17, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹43 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	348	₹14,964
Retail (Maximum)	13	4,524	₹1,94,532
sNII (Minimum)	14	4,872	₹2,09,496
bNII (Minimum)	67	23,316	₹10,02,588

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-led manufacturer of precision-engineered rigid polymer packaging, serving industries such as energy storage, dairy, edible foods, paints, chemicals, and automotive. The company develops its products in-house and has 30 registered industrial designs, with a portfolio that includes high-performance battery casings, pails, and food-grade thinwall containers tailored for both industrial and consumer applications.

The company offers end-to-end packaging solutions, from product design and raw material sourcing to manufacturing, labelling, quality assurance, and delivery. Its manufacturing facilities are capable of producing battery casings compliant with Japanese (JIS) and German (DIN) standards, while its customer base spans sectors including 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