Manika Plastech IPO 2026: Price, Date, GMP & Allotment
₹ 13,920
Min. Investment
Manika Plastech IPO
Plastic Products
Bookbuilding IPO | ₹125 Cr | Listing at BSE, NSE | Fri, Sep 11, 2026 – Wed, Sep 16, 2026
| Issue Size | ₹ 125 Cr |
| IPO Type | Mainboard |
| Market Cap | ₹501 Cr |
| Price Range | ₹40-₹43 |
| Listing Ex. | BSE, NSE |
| Revenue | ₹435.98 Cr |
| Lot Size | 348 Shares |
| RHP | Read |
| Growth Rate | 9.93% |
About Manika Plastech Limited
Incorporated in 1996, Manika Plastech Limited is a manufacturer of rigid polymer packaging products. The company mainly makes battery casings, pails and thinwall containers, which are used across automotive, energy storage, paints, lubricants, chemicals, food and dairy and several other industries.
Its packaging products are designed to provide strength, protection and easy handling during the product's intended use. The company also provides customised packaging solutions based on the requirements of its customers.
What does Manika Plastech manufacture?
Manika Plastech has a diversified product portfolio covering several industrial and consumer applications.
Its key products include:
- Battery casings used mainly in the automotive and energy storage sectors.
- Pails used for packaging paints, lubricants, industrial chemicals and other products.
- Thinwall containers used for food-grade applications, including dairy and edible food products.
- Automotive components, which are manufactured at its Hosur facility.
The company also provides painting services for automotive components through its dedicated painting facility in Hosur.
End-to-End Packaging Solutions
Manika Plastech's business is not limited to manufacturing the final packaging product. It provides an integrated process covering product design and development, raw material sourcing, manufacturing, heat sealing, labelling, quality control and delivery.
The company also develops customised packaging according to customer specifications. Its automotive battery casings are manufactured in accordance with technical standards such as JIS and DIN, including requirements based on Japanese and German standards.
Customer Base
The company serves customers across a wide range of industries, including automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy.
During the three months ended June 30, 2026, and the preceding three financial years, Manika Plastech served between 168 and 242 customers across 24 states and union territories in India.
The company has also maintained long-standing relationships with several customers. Its top 20 customers had an average relationship tenure of more than 10 years as of June 30, 2026. This long operating history and presence across multiple industries have helped the company diversify its customer base.
Manufacturing Facilities
Manika Plastech operates seven facilities across India, comprising six manufacturing facilities and one dedicated painting facility. The manufacturing facilities are located in Dadra, Dehradun, Hosur, Panipat and Una, while the painting facility is located in Hosur.
Dadra
The Dadra facility manufactures pails and thinwall containers and serves customers in the food and dairy industry, including Vadilal Industries Limited and other manufacturers.
Dehradun
The Dehradun facility primarily manufactures battery casings. Its customers include Livguard Energy Technologies, Luminous Power Technologies, Genus Innovation and HSD Batteries (India).
Hosur – Manufacturing
The Hosur manufacturing facility produces battery casings, pails, thinwall containers and automotive components. Customers include Luminous Power Technologies, Kansai Nerolac Paints, JSW Paints, Sakthi Accumulators, Surya Batteries and Zunax Energy Products.
Hosur – Painting
The company's separate Hosur painting facility is used for painting automotive components. It serves customers such as Ultraviolette Automotive, TVS Motor Company and other automotive component and commercial EV manufacturers.
Panipat
The Panipat facility manufactures pails and thinwall containers, with Grasim Industries Limited among its key customers.
Una
The Una facility manufactures battery casings, pails and thinwall containers. Its customers include Livguard Energy Technologies, Luminous Power Technologies and Kansai Nerolac Paints.
Employees and Operations
As of July 31, 2026, Manika Plastech had 352 employees and 809 contract labourers supporting its manufacturing and other operations.
With more than two decades of operating experience, multiple manufacturing locations and customers spread across different industries, the company has built a diversified rigid polymer packaging business serving both industrial and consumer applications.
Key Strengths
- Diversified product portfolio covering battery casings, pails, thinwall containers and automotive components.
- Long operating history of more than two decades in rigid polymer packaging.
- Wide customer base spread across multiple industries and geographical regions.
- Long-standing customer relationships, with the top 20 customers having an average relationship tenure of more than 10 years.
- Pan-India manufacturing presence with six manufacturing facilities and one painting facility.
- Customised packaging capabilities supported by in-house design, manufacturing and quality-control processes.
- Exposure to multiple growth sectors, including automotive, energy storage, paints, chemicals, food and dairy and commercial EVs.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 348 | ₹14,964 |
| Retail (Max) | 13 | 4524 | ₹1,94,532 |
| S-HNI (Min) | 14 | 4872 | ₹2,09,496 |
| S-HNI (Max) | 66 | 22968 | ₹9,87,624 |
| B-HNI (Min) | 67 | 23316 | ₹10,02,588 |
Day-wise Subscription Details (times)
| Date | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Sep 11 (Day 1) | 0.36 | 1.26 | 0.61 | 2.55 | 2.24 | 1.49 |
Manika Plastech IPO FAQs
What is Manika Plastech IPO?
Manika Plastech IPO is a Mainboard IPO of Manika Plastech Limited. The company is raising around ₹125.50 crore through a combination of a fresh issue and an Offer for Sale (OFS). The shares are proposed to be listed on the BSE and NSE.
When does Manika Plastech IPO open and close?
The Manika Plastech IPO opens for subscription on September 11, 2026, and closes on September 16, 2026.
What is the price band of Manika Plastech IPO?
The IPO price band has been fixed at ₹40 to ₹43 per share. Investors can place their bids within this price range.
What is the lot size of Manika Plastech IPO?
The lot size is 348 shares. Retail investors need to apply for at least one lot.
What is the minimum investment required for Manika Plastech IPO?
At the upper price band of ₹43, one lot of 348 shares requires an investment of ₹14,964. This is the minimum amount required for a retail investor applying for one lot.
What is the total issue size of Manika Plastech IPO?
The total IPO size is ₹125.50 crore. It includes a fresh issue of approximately ₹92.50 crore and an Offer for Sale of around ₹33 crore.
How much is the fresh issue in Manika Plastech IPO?
The company plans to raise approximately ₹92.50 crore through the fresh issue. The remaining ₹33 crore is being offered by an existing shareholder through the OFS route.
What is the Offer for Sale in Manika Plastech IPO?
The OFS component is worth around ₹33 crore. Shares offered under the OFS are sold by existing shareholders, and the proceeds from those shares go to the selling shareholder rather than the company.
What does Manika Plastech Limited do?
Manika Plastech manufactures rigid polymer packaging products, mainly battery casings, pails and thinwall containers. Its products are used across industries such as automotive, energy storage, paints, lubricants, chemicals, food and dairy.
Where does Manika Plastech operate?
The company operates six manufacturing facilities and one painting facility across India. Its manufacturing facilities are located in Dadra, Dehradun, Hosur, Panipat and Una, with a separate painting facility in Hosur.
Who are the customers of Manika Plastech?
The company has customers across several industries, including automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy. Its customer base includes companies such as Luminous Power Technologies, Livguard Energy Technologies, Kansai Nerolac Paints, JSW Paints, Grasim Industries and TVS Motor Company, among others.
What is the objective of Manika Plastech IPO?
The proceeds from the fresh issue will be used for the purposes stated in the company's offer documents. Investors should refer to the RHP for the exact allocation of funds and the company's planned use of IPO proceeds.
When will Manika Plastech IPO allotment be finalised?
The basis of allotment is expected to be finalised on September 17, 2026. Investors can check their allotment status after the basis of allotment is completed.
When will Manika Plastech IPO shares be credited to the demat account?
Shares are expected to be credited to the demat accounts of successful applicants on September 18, 2026. Refunds or UPI mandate unblocking are also expected around this date.
What is the listing date of Manika Plastech IPO?
Manika Plastech shares are scheduled to list on September 21, 2026, on both the BSE and NSE.
Disclaimer: The information provided on this IPO page is for educational and informational purposes only and should not be considered investment advice, a recommendation, or an offer to buy or sell any securities. IPO details such as price, dates, GMP, subscription data, financial figures, and listing information may change and may contain errors or omissions. Investors should independently verify all information from official sources, including the company’s RHP/DRHP and stock exchange filings, and assess their own risk before making any investment decision. EduTaxTuber does not guarantee any profit or listing gains and shall not be responsible for any loss arising from decisions made based on this information.
