Manika Plastech
LIVEIPO Date: 11 Sept - 16 Sept 2026
Listing Date: 21 Sept 2026
Price Range
₹40 to ₹43
Issue Size
125 Cr
Min Investment
₹13,920
Min Application
348 Shares
Schedule of Manika Plastech
Issue open date
11 Sept 2026
Issue close date
16 Sept 2026
UPI mandate deadline
16 Sept 2026 (5 PM)
Allotment finalization
17 Sept 2026
Share credit
18 Sept 2026
Listing date
21 Sept 2026
Mandate end date
1 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 125 Cr |
| Fresh Issue | 2.15 Cr |
| Offer for Sale | 76.74 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 17 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 11 Sept 2026Latest | ₹43 | ₹7 | ₹50(+16.28%) |
| 10 Sept 2026 | ₹43 | ₹13 | ₹56(+30.23%) |
| 9 Sept 2026 | ₹43 | ₹13 | ₹56(+30.23%) |
| 8 Sept 2026 | ₹43 | ₹17 | ₹60(+39.53%) |
| 7 Sept 2026 | ₹43 | ₹20 | ₹63(+46.51%) |
| 6 Sept 2026 | ₹43 | ₹0 | ₹43(0%) |
Performance Manika Plastech
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹40 to ₹43 | .... | .... | .... |
About Manika Plastech
Manika Plastech is a precision-engineered rigid polymer packaging manufacturer serving industries such as energy storage, automotive, dairy, food, paints and chemicals. Established in 1996, the company operates seven manufacturing facilities across India with a production capacity of over 27,000 MTPA. Its key products include battery casings, pails and thinwall containers, supported by in-house product design and mould development. The company offers end-to-end packaging solutions, from product development and moulding to labelling and delivery, with a diversified customer and industry base.
| Founded in | 1996 |
| Managing director | Nikunj Mohanlal Kapadia |
| Parent organization |
Financial Overview
Strengths
4- 1
Diversified product portfolio. Manufactures battery casings, pails, thinwall containers and other polymer products for multiple industries.
- 2
Strong manufacturing footprint. Seven operating facilities across India with 27,000+ MTPA capacity provide scale and geographic reach.
- 3
In-house design capabilities. The company has developed thousands of products and maintains a portfolio of registered designs, supporting product customisation and innovation.
- 4
Long operating track record. More than three decades of experience in rigid polymer packaging and a diversified customer/end-use base provide industry expertise.
Risks
4- 1
Raw-material price risk. Polymer/resin prices can fluctuate, which may pressure margins if higher costs cannot be fully passed on to customers.
- 2
Customer concentration risk. A significant portion of business is linked to battery casings, making performance partly dependent on automotive and energy-storage demand.
- 3
Competition. The rigid plastic packaging industry is competitive, with pressure on pricing, quality, technology and customer retention.
- 4
Environmental/regulatory risk. Increasing regulations and customer preference around plastic usage, recycling and sustainability could require additional investment and product adaptation.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.36 |
| Non-Institutional Investors (NIIs) | 1.26 |
| Retail Individual Investors (RIIs) | 2.24 |
| Employee | N/A |
| Total | 1.49 |