Manika Plastech IPO Profile
Manika Plastech Limited IPO is a Mainboard IPO offered through the Book Building route. The company is engaged in manufacturing plastic moulding products and supplies products including plastic battery casings and other moulded components.
The IPO comprises a Fresh Issue and an Offer for Sale (OFS). The company proposes to use a substantial portion of the fresh issue proceeds towards purchase of plant and machinery and repayment/pre-payment of certain borrowings.
Manika Plastech IPO Details
| IPO Name | Manika Plastech IPO |
|---|---|
| IPO Open Date | 11 September 2026 |
| IPO Close Date | 16 September 2026 |
| IPO Listing Date | 21 September 2026 |
| Price Band | ₹40 to ₹43 per share |
| Face Value | ₹2 per Equity Share |
| Issue Size | ₹125.50 Crore |
| Fresh Issue | Up to ₹92.50 Crore |
| Offer for Sale | Up to ₹33.00 Crore |
| Lot Size | 348 Shares |
| Minimum Investment | ₹14,964 at upper price band |
| Listing At | BSE & NSE |
| Issue Type | Book Building |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Manager | Pantomath Capital Advisors Private Limited |
Manika Plastech Company Profile
Manika Plastech Limited was incorporated in 1996 and is involved in the manufacturing of plastic moulding products. The company has developed capabilities in injection moulding and manufactures plastic components for applications across industries.
Its product portfolio includes battery casings and other plastic moulded products. The company caters to customers across different regions and industries, with the automotive and inverter/battery ecosystem being important areas for its business.
The company was converted from a private limited company into a public limited company in December 2024.
Objects of the IPO
- Funding capital expenditure towards purchase of plant and machinery.
- Repayment and/or pre-payment of certain borrowings.
- General Corporate Purposes.
Manika Plastech IPO Financials
Financial Information
Amount in ₹ Crore
| Particulars | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 317.00 | 323.69 | 320.99 | 252.93 |
| Total Income | 162.71 | 437.26 | 412.59 | 368.76 |
| Profit After Tax (PAT) | 13.07 | 22.40 | 19.33 | 11.53 |
| EBITDA | 24.38 | 58.14 | 45.30 | 30.86 |
| Net Worth | 156.78 | 147.62 | 125.17 | 107.99 |
| Reserves & Surplus | 136.97 | 127.69 | 105.29 | 88.05 |
| Total Borrowing | 92.46 | 88.19 | 97.45 | 93.06 |
Manika Plastech IPO Strengths
- Established operating history in the plastic moulding industry.
- Experience in manufacturing plastic components and battery casings.
- Presence across multiple customer segments and geographic markets.
- Significant repeat business from existing customers.
- IPO proceeds are partly intended for capacity-related capital expenditure.
- Part of the IPO proceeds will be used for repayment/pre-payment of borrowings.
- Proposed listing on both BSE and NSE provides a wider public market platform.
Manika Plastech IPO Risks
- The company has customer concentration, with a significant portion of revenue coming from its top customers.
- Battery casing products contribute a significant share of revenue, creating product concentration risk.
- A substantial portion of revenue is generated from repeat customers, making business performance dependent on continued orders from key customers.
- Raw material procurement is concentrated among certain suppliers, which may create supply-chain risks.
- Revenue has significant geographical concentration in Northern India.
- The business can be affected by fluctuations in raw material prices and demand from automotive, battery and inverter markets.
- The IPO price and post-listing market price may be affected by market conditions and investor sentiment.
Manika Plastech IPO Allotment Status
Manika Plastech IPO allotment is expected to be finalized on 17 September 2026. Refund initiation and credit of shares are expected on 18 September 2026, subject to the final IPO schedule.
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