Manika Plastech IPO

The Manika Plastech IPO is a book-built issue of Rs 125.50 crore, comprising a fresh issue of 2.15 crore shares worth Rs 92.50 crore and an offer for sale of 76.74 lakh shares worth Rs 33 crore, opening for subscription from Sep 11 to Sep 16, 2026, with allotment expected on Sep 17, 2026 and a tentative listing on NSE and BSE on Sep 21, 2026. The IPO’s price band is Rs 40 to Rs 43 per share, with a lot size of 348 shares, requiring a minimum retail investment of Rs 14,964. Pantomath Capital Advisors Pvt. Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the issue.

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Manika Plastech IPO Details

Check out the issue details for Manika Plastech IPO as disclosed in SEBI.

IPO Price

₹ 43

Price Band

₹ 40 - 43

Issue Size

125.00 Cr.

Issue Type

Book Built

Open

2026-09-11

Close

2026-09-16

Listing price

₹ 43

Listing Gain

0.00%

Listing Date

2026-09-21

CMP

₹ 41.37

Current Return

-3.79%

Company Financials

You can get the following financial statements of Manika Plastech as of now.

Manika Plastech IPO Details

The details about the Manika Plastech IPO are as follows:

  • The issue size of the IPO is Rs 125.50 Cr.
  • The price band for Manika Plastech IPO is Rs 40 to Rs 43.
  • The shares of Manika Plastech IPO will list on BSE and NSE.
  • The latest tentative GMP of Manika Plastech IPO is Rs 2.25.
  • The shares of Manika Plastech IPO are subscribed 29.46 Times.

 

Manika Plastech IPO Valuation

The approximate valuation of Manika Plastech IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 43
Existing Shares (Qty) 9.50 Cr
Fresh Issue Rs 92.50 Cr
Market Cap Rs 501 Cr
EPS (FY25) Rs 2.36
PE Ratio 18.22x
Industry PE 35.10x

 

Manika Plastech IPO Issue Size

Manika Plastech IPO issue size is Rs 125.50 Cr.

Issue Amount
Fresh Issue Rs 92.50 Cr
Offer For Sale Rs 33.00 Cr

 

Manika Plastech IPO Market Lot

An individual can apply for a minimum of 1 lot of 348 shares and a maximum of 13 lots (4,524 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 348 Rs 14,964
Retail Maximum 13 4,524 Rs 1,94,532

 

Manika Plastech IPO Share Offer

The shares of Manika Plastech IPO are subscribed 29.46 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Manika Plastech IPO GMP (Grey Market Premium)

As on GMP (Tentative)
Sep 15, 2026 Rs 2.25

Manika Plastech IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Manika Plastech IPO Dates

Find below the dates for Manika Plastech IPO

Schedule Date
Basis of Allotment 17 Sep 2026
Refunds 18 Sep 2026
Credit to Demat Account 18 Sep 2026
IPO Listing Date 21 Sep 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 333.49 396.9 360.77 406.5 435.98
Total Expenditure 302.01 363.07 329.91 361.21 377.86
Operating Profit 31.48 33.84 30.86 45.29 58.13
Other Income 0.6 2.27 7.99 6.09 1.29
Interest 6.67 7.22 9.37 13.42 15.05
Depreciation 10 11.32 13.12 12.54 13.94
Exceptional Items 0 0 0 0 0
Profit Before Tax 15.41 17.57 16.36 25.42 30.43
Provision for Tax 4.58 5.21 4.83 6.09 8.03
Net Profit 10.83 12.36 11.53 19.33 22.4
Adjusted EPS (Rs.) 0.11 0.13 0.12 0.2 0.24

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 19 19 19 19 19
Total Reserves 77.36 86.87 89 106.18 128.62
Borrowings 4.15 3.64 25.97 23.49 20.74
Other N/C liabilities 2.97 3.52 14.74 17.2 18.25
Current liabilities 90.53 93.89 104.23 155.11 137.09
Total Liabilities 194.01 206.91 252.94 320.98 323.69
Assets
Net Block 78.65 84.19 125.79 152.97 156.09
Capital WIP 3.21 7.64 15.07 3.31 6.2
Intangible WIP 0 0 0 0 0
Investments 0.06 0.06 0.07 0.05 0.03
Loans & Advances 2.02 2.89 5.69 5.01 6.77
Other N/C Assets 0 0 0.08 0.23 0.28
Current Assets 110.08 112.12 106.25 159.41 154.33
Total Assets 194.01 206.91 252.94 320.98 323.69
* Other Non-current Liabilities include Net deferred Liabilities

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2026 74.95 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 15.41 17.57 16.36 25.42 30.43
Adjustment 16.91 18.03 17.19 26.14 24.1
Changes in Assets & Liabilities -1.12 6.59 0.06 -11.42 -7.76
Tax Paid -2.99 -2.57 -1.97 -6.19 -6.47
Operating Cash Flow 28.2 39.62 31.64 33.96 40.31
Investing Cash Flow -19.53 -21.38 -53.29 -23.16 -18.72
Financing Cash Flow -8.71 -18.39 21.57 -10.08 -22.36
Net Cash Flow -0.04 -0.14 -0.08 0.72 -0.78
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