Manika Plastech Shares List Flat on NSE and BSE
Manika Plastech made its stock market debut on Monday, September 21, 2026, with its shares listing at ₹43 apiece on both the NSE and BSE. The listing price was the same as the company’s IPO issue price of ₹43 per share, resulting in no listing gain or loss for investors.
The company’s ₹125.50 crore IPO was open for subscription from September 11 to September 16, 2026, and witnessed modest investor interest. The issue was subscribed 28.14 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Manika Plastech IPO Overall Subscription Status
[September 16, 2026, 7:00 P.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
10.94x |
|
Non-Institutional Investors (NIIs) |
63.09x |
|
Retail Individual Investors (RIIs) |
22.72x |
|
Total |
28.14x |
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 manufactures rigid polymer packaging solutions for sectors such as energy storage, dairy, food, paints, chemicals, and automotive. Its product range includes battery casings, pails, and food-grade thin-wall containers. The company has an in-house product development team and holds 30 registered industrial designs.
Its operations cover the packaging value chain, including product development, raw material procurement, manufacturing, labelling, quality testing, and delivery. The company’s battery casings are manufactured in compliance with Japanese JIS and German DIN standards, while its customer base includes businesses in 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 |
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