Manika Plastech IPO: dates, price band, lot size and GMP
Manika Plastech IPO listed on 21 Sep at ₹43 (NSE, BSE). Issue dates 11 – 16 Sep 2026, price band ₹40 – ₹43, lot 348 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Manika Plastech listed on 21 Sep 2026 on NSE, BSE at ₹43, ₹0 (0.0%) against the ₹43 upper band. Manika Plastech IPO listing date, price and gain · Recently listed IPOs
Updated 21 Oct 2026, 16:10 IST. Dated dealer references.
BuyUnlistedShares tracks 211 IPOs on its calendar; the Manika Plastech IPO has a price band of ₹40 – ₹43, a lot of 348 shares and no grey-market premium reported yet as of 21 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 11 – 16 Sep 2026 |
| Price band | ₹40 – ₹43 |
| Lot size | 348 shares |
| Issue size | ₹125.50 Cr |
| Fresh issue | ₹92.5 Cr |
| Offer for sale | ₹33 Cr |
| Subscription | 29.46x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | Pantomath Capital Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 11 Sep
- Issue closes: 16 Sep
- Allotment: 17 Sep
- Refunds: 18 Sep
- Demat credit: 18 Sep
- Listing: 21 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 11.22x |
| NII | 66.58x |
| sNII | 51.42x |
| bNII | 74.16x |
| Retail | 23.98x |
| Total | 29.46x |
Last updated 16 Sep 2026, 6:55 PM IST.
Issue details
| Face value | ₹2 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹501 Cr |
| P/E (pre-issue) | 18.22x |
| P/E (post-issue) | 9.58x |
| Fresh issue (shares) | 2,15,11,627 |
| Offer for sale (shares) | 76,74,418 |
| Total shares offered | 2,91,86,045 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 74.95% |
| Promoters | Nikunj Mohanlal Kapadia, Munjal Nikunj Kapadia, Mihir Nikunj Kapadia, Pratik Nikunj Kapadia, Vridaa Holding Trust |
| Lead managers | Pantomath Capital Advisors Pvt.Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | manikaplastech.ipo@in.mpms.mufg.com |
| Company website | manikaplastech.com |
| Anchor bid date | 10 Sep 2026 |
| Anchor lock-in ends (50%) | 17 Oct 2026 |
| Anchor lock-in ends (remaining) | 16 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 348 | ₹14,964 |
| Retail (maximum) | 14 | 4,872 | ₹2,09,496 |
| sNII (minimum) | 14 | 4,872 | ₹2,09,496 |
| bNII (minimum) | 67 | 23,316 | ₹10,02,588 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 87,55,813 | |
| QIB | 20% | 58,37,210 | Not more than 50% of the Offer size |
| NII (HNI) | 15% | 43,77,907 | Not less than 15% of the Offer |
| sNII | 5% | 14,59,302 | |
| bNII | 10% | 29,18,605 | |
| Retail | 35% | 1,02,15,116 | Not less than 35% of the Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 11 Sep | 0.36x | 1.26x | 2.55x | 0.61x | 2.24x | 1.49x |
| Day 2 · 15 Sep | 0.82x | 11.32x | 17.27x | 8.34x | 12.23x | 8.78x |
| Day 3 · 16 Sep | 11.22x | 66.58x | 51.42x | 74.16x | 23.98x | 29.46x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹2.36 |
|---|---|
| EPS (post-issue) | ₹4.49 |
| P/E (pre-issue) | 18.22x |
| P/E (post-issue) | 9.58x |
| RoNW | 15.18% |
| RoCE | 18.77% |
| RoE | 15.18% |
| PAT margin | 5.12% |
| EBITDA margin | 13.34% |
| Price / book | 2.77x |
| NAV per share | ₹15.54 |
| Debt / equity | 0.6 |
| Market cap (upper band) | ₹501 Cr |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 317 | 323.69 | 320.99 | 252.93 | +0.8% |
| Total Income | 162.71 | 437.26 | 412.59 | 368.76 | +6% |
| Profit After Tax | 13.07 | 22.4 | 19.33 | 11.53 | +15.9% |
| EBITDA | 24.38 | 58.14 | 45.3 | 30.86 | +28.3% |
| NET Worth | 156.78 | 147.62 | 125.17 | 107.99 | +17.9% |
| Reserves and Surplus | 136.97 | 127.69 | 105.29 | 88.05 | +21.3% |
| Total Borrowing | 92.46 | 88.19 | 97.45 | 93.06 | −9.5% |
About Manika Plastech
Manika Plastech Limited is an Indian company engaged in the manufacturing of specialized polymer-based packaging solutions . The company primarily produces multilayer barrier films and containers, which are widely used in industries such as food and beverages, pharmaceuticals, personal care, agrochemicals, and lubricants. These packaging solutions are designed to enhance product shelf life, maintain quality, and provide protection from moisture, oxygen, and other environmental factors. Manika Plastech is known for using advanced co-extrusion technology to manufacture high-barrier multilayer containers and films.
It serves both domestic and international markets and has built long-term partnerships with major clients by offering customized, reliable, and innovative packaging products. The company emphasizes sustainability, efficiency, and adherence to global quality standards in its manufacturing processes. Currently, it has seven operating facilities in Dehradun, Hosur, Panipat, Una and Dadra across 51,000 square meters with an installed capacity of 27,600 MTPA. Also, the company has five warehouses in Hosur, Dehradun, Jodhpur and Katni.
Objects of the issue
- Funding the capital expenditure towards purchase of plant and machinery — ₹54.93 Cr
- Repayment and/or pre-payment, in part or full, of certain borrowings availed by Company — ₹15 Cr
- General Corporate Purposes — ₹11.71 Cr
- Offer Expense — ₹14.72 Cr
Net proceeds: ₹96.36 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Manika Plastech (issuer) | 2.36 | 2.36 | 15.54 | — | 15.18% | — | — |
| Hitech Corporation | 8.84 | 8.84 | 165.72 | 37.85x | 5.34% | 2.02 | — |
| Mold-Tek Packaging | 21.93 | 21.93 | 207.64 | 32.34x | 10.56% | 3.43 | — |
| Shaily Engineering Plastics | 36.97 | 36.83 | 155.95 | 88.85x | 23.71% | 21.11 | — |
Notes: Basic and diluted earnings per Equity Share are computed in accordance with Indian Accounting Standard 33 notified under the Companies (Indian Accounting Standards) Rules of 2015 (as amended). Net asset value per share represents Net worth divided by total number of shares at the end of the year/period. Price/earnings ratio for the peer group has been computed based on the closing market price of equity shares on stock exchanges as on August 31, 2026, divided by the earnings per share for the Fiscal 2026.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Manika Plastech IPO listing day: listed at ₹43 (0.0% vs the upper band), 21 Sep 2026
- Manika Plastech IPO GMP today and trend
- Manika Plastech IPO subscription status, day by day
- Manika Plastech IPO allotment status and how to check
Frequently asked questions
When does the Manika Plastech IPO open and close?
The issue is scheduled for 11 – 16 Sep 2026.
What is the Manika Plastech IPO price band?
The price band is ₹40 – ₹43 per share with a lot size of 348 shares.
How big is the Manika Plastech IPO?
The total issue size is ₹125.50 Cr, of which ₹92.5 Cr is a fresh issue and ₹33 Cr an offer for sale.
When will Manika Plastech list?
The tentative listing date is 21 Sep on the main board.
How do I apply for the Manika Plastech IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Manika Plastech · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Manika Plastech · as filed · sebi.gov.in
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 17 Sep · in.mpms.mufg.com
- NSE public issues page · listing 21 Sep · nseindia.com
- BSE public issues page · listing 21 Sep · bseindia.com
- Manika Plastech company website · manikaplastech.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 21 Sep, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Manika Plastech IPO”, https://buyunlistedshares.com/ipo/manika-plastech-ipo, as of 21 Oct 2026.
Other IPOs on the calendar
- Jio Platforms IPO · 21 – 23 Oct 2026
- Paras Healthcare IPO · 21 – 23 Oct 2026
- Core4 Engineers IPO · 23 – 27 Oct 2026
- EAAA India Alternatives IPO · 26 – 28 Oct 2026
- BLS Polymers IPO · 27 – 29 Oct 2026
- SFC Environmental Technologies IPO · 27 – 29 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 21 Oct 2026.
Our notes on this IPO
- Read our note: Manika Plastech IPO: Dates, Price Band, Allotment and Listing
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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