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Manika Plastech IPO

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MANIKA · Manufacturing · NSE

Updated · GMP, subscription and listing data refresh through the day.

Manika Plastech IPO Details

RegistrarMUFG Intime India Private Limited
Lead managersPantomath Capital Advisors Private Limited
Fresh issue₹92.5 Cr
Offer for sale₹33 Cr
Market cap at the offer₹501 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (11,65,11,627 shares) multiplied by the upper end of the price band, ₹43. It is arithmetic on those two filed figures, not a valuation.

Manika Plastech IPO Objects of the Offer what the fresh issue funds

Object of the offer₹ crore
Funding the capital expenditure towards purchase of plant and machinery₹54.93
Repayment and/or pre-payment, in part or full, of certain borrowings₹15
General corporate purposes—

As stated in the “Objects of the Offer” section of the offer document. Proceeds of the offer for sale go to the selling shareholders, not to the company.

Manika Plastech Financials ₹ in crore

Detailed financials for this issue aren’t available yet.

Manika Plastech IPO Valuation and Listed Peers as stated in the offer document

CompanyP/EEPSRoNWNAV / share
Manika Plastech this issue, at ₹43—₹2.3615.18%₹15.54
Hitech Corporation Limited37.85×₹8.845.34%₹165.72
Mold-Tek Packaging Limited32.34×₹21.9310.56%₹207.64
Shaily Engineering Plastics Limited88.85×₹36.9723.71%₹155.95

The issue’s own figures are copied from the “Basis for the Offer Price” section of its offer document at the upper end of the price band, and the peers are the listed companies Manika Plastech names in that same section as its comparison set. Peer figures are for the periods the document states, so they are not necessarily the latest reported. Every cell is transcribed from the filing; none is calculated here, and a figure the document does not state is left blank.

Manika Plastech Shareholding before & after the IPO

Before the IPO
Pre-issue · the RHP's own shareholding pattern
100%
Promoter
After the IPO
Post-issue · projected from the offer structure
74.95%
Promoter
Promoter & promoter groupafter the IPO
Holding74.95%
Shares8,73,25,582
Through the IPO-25.05% · exiting

The founding owners and their group entities.

The pre-issue ring is the shareholding-pattern table printed in this issue’s red herring prospectus. No red herring prospectus states a post-issue register — every post-Offer column in one reads “[•], to be included in the Prospectus, subject to finalisation of Basis of Allotment”. So the second ring is worked out from the offer’s own structure. The fresh issue creates shares and dilutes everyone (₹925.00 million fresh issue ÷ ₹43 upper band); an offer for sale creates none, and moves the promoters’ holding only by what the promoters themselves sell — 95,000,000 held before the offer − 7,674,418 offered for sale by the promoters. Shares sold by an investor or any other shareholder reach the public without touching the promoter block. Projected at the upper end of the price band, and subject to the basis of allotment. Pre-issue percentages are taken from the disclosure, never estimated.

Manika Plastech IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹43
Retail (min)1 lot348₹14,964
Retail (max)13 lots4,524₹1,94,532
sHNI (min)14 lots4,872₹2,09,496
bHNI (min)67 lots23,316₹10,02,588

One lot is 348 shares, so a single application at the ₹43 cut-off costs ₹14,964. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.

About Manika Plastech

Manika Plastech Limited is a design-led, precision engineered, rigid polymer packaging manufacturing company. It caters to diversified critical industries such as energy storage, dairy and edible food products, paints, and chemicals. Its product portfolio includes high-performance battery casings, pails, and thinwall containers. The company serves customers across India and exports its products.

Manika Plastech IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
The company's manufacturing facilities are strategically located near key customers, optimizing logistics and enhancing reliability.
The company has a diversified product portfolio and customer base, mitigating risks related to industry diversification and value-added offerings.
The company has a long-standing relationship with well-known customers and an established supply chain.
The company offers integrated value-added services including in-house design, development, and labelling capabilities.
The company has a track record of expanding manufacturing capabilities and capacities, with a focus on investing in new technologies.
The company is committed to sustainable packaging and adheres to ESG standards.
The company has a diversified product portfolio catering to various industries, including automotive, energy storage, and FMCG.
▼ Risk factors (8)
The loss of top customers or revenue from them could have a material adverse effect on the business, financial condition, results of operations, and cash flows.
The company's facilities are exposed to potential fluctuations in the scale of business of its key customers.
A significant loss of sales in battery casings due to reduced demand or downturn in end-use industries could adversely affect the business.
A significant reduction in repeat customers or revenue generated from them could adversely affect the business, results of operations, financial condition, and cash flows.
The company's reliance on a few key raw material suppliers without long-term agreements poses a risk of supply disruption or price fluctuations.
The concentration of revenue from operations in North India and Himachal Pradesh heightens exposure to adverse regional developments.
The company may be unable to adapt to technological changes and successfully implement new technologies, or may face failure of its information technology systems.
The company may not be able to obtain, renew, or maintain its statutory and regulatory permits and approvals required to operate its businesses on time or at all.

How to check Manika Plastech IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Manika Plastech Limited, the registrar is MUFG Intime India Private Limited — allotment is finalised in the days between the issue closing on 16 Sept 2026 and listing on 21 Sept 2026.

RegistrarMUFG Intime India Private Limited
You will needPAN, application number or demat ID
Issue closes16 Sept 2026
Listing date21 Sept 2026
Issue opens
Fri, 11 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Wed, 16 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Thu, 17 Sept, 2026
By MUFG Intime; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Fri, 18 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Mon, 21 Sept, 2026
NSE · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.

Manika Plastech IPO FAQs

GMP

What is Manika Plastech IPO GMP today?

No current grey market premium reading is being quoted for the Manika Plastech Limited IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

Is Manika Plastech IPO GMP a guarantee of the listing price?

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

How often is Manika Plastech IPO GMP updated on alphave?

Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.

Subscription

How many times is Manika Plastech IPO subscribed?

As of 17 Sept, 3:37 am the Manika Plastech Limited IPO is subscribed 28.14× overall: QIB 10.94×, non-institutional 63.09× and retail 22.72×. Figures are the exchange's consolidated demand across NSE and BSE.

What is the Manika Plastech IPO retail subscription status?

The retail portion is subscribed 22.72× as of 17 Sept, 3:37 am. Retail applications are those up to ₹2,00,000 at the cut-off price.

How do I check Manika Plastech IPO subscription status?

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

How was Manika Plastech IPO subscribed day by day?

Overall subscription at the end of each bidding day — day 1 (11 September 2026): 1.42×, day 2 (12 September 2026): 1.42×, day 3 (13 September 2026): 1.46×, day 4 (14 September 2026): 1.46×, day 5 (15 September 2026): 8.3×, day 6 (16 September 2026): 28.14×, day 7 (17 September 2026): 28.14× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

What does 2× subscription mean?

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Allotment

When is Manika Plastech IPO allotment date?

Allotment for the Manika Plastech Limited IPO is expected to be finalised on 17 September 2026, the trading day after the issue closes on 16 September 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 18 September 2026 and the shares list on 21 September 2026. Dates are tentative until the registrar and exchange confirm them.

How to check Manika Plastech IPO allotment status?

Allotment is decided and published by the registrar, MUFG Intime India Private Limited — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

Who is the registrar of Manika Plastech IPO?

The registrar to the Manika Plastech Limited IPO is MUFG Intime India Private Limited. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

What happens if I do not get allotment?

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Dates

When does Manika Plastech IPO open and close?

Bidding for the Manika Plastech Limited IPO opens on 11 September 2026 and closes on 16 September 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

What is the Manika Plastech IPO listing date?

The shares are scheduled to list on 21 September 2026 on NSE. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

How do I apply for Manika Plastech IPO?

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 11 September 2026 and 16 September 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹43); a UPI mandate must be approved by 5:00 pm on the closing day.

What is the last date to apply for Manika Plastech IPO?

16 September 2026 is the last day of bidding. Allotment is then expected on 17 September 2026, refunds and demat credit on 18 September 2026, and listing on 21 September 2026 — tentative until confirmed.

Price & Lot

What is the price band of Manika Plastech IPO?

The Manika Plastech Limited IPO price band is ₹43 to ₹43 per share. Applications are made at the cut-off price, which is the upper end of the band.

What is the lot size of Manika Plastech IPO?

One lot is 348 shares, so a single application at the ₹43 cut-off costs ₹14,964. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

What is the minimum investment in Manika Plastech IPO?

₹14,964 — one lot of 348 shares at ₹43. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Is Manika Plastech IPO a mainboard or SME issue, and on which exchange?

Manika Plastech Limited is a mainboard issue listing on NSE. The lead manager is Pantomath Capital Advisors Private Limited.

What is the issue size of Manika Plastech IPO?

The issue size is ₹125.5 crore, of which ₹92.5 crore is a fresh issue and ₹33 crore an offer for sale by existing shareholders.

Shareholding

What is the promoter holding in Manika Plastech after the IPO?

The promoter and promoter group hold 74.95% after the issue, down from 100.00% before it, as disclosed in the offer document.

What is the pre-IPO shareholding of Manika Plastech?

Before the issue the promoter and promoter group hold 100.00% of Manika Plastech Limited. An unlisted company has no public shareholders; the public holding is created by the shares sold in this IPO.

Where does the shareholding pattern come from?

The pre-issue register is the capital structure disclosed in the offer document; the post-issue pattern is the company's shareholding-pattern filing with NSE or BSE once it is published, and the offer document's disclosed post-issue register until then.

DRHP

Where can I read the Manika Plastech DRHP or RHP?

The offer document for the Manika Plastech Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

What is a DRHP?

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

What are the strengths disclosed in the Manika Plastech DRHP?

The company's manufacturing facilities are strategically located near key customers, optimizing logistics and enhancing reliability. The company has a diversified product portfolio and customer base, mitigating risks related to industry diversification and value-added offerings. The company has a long-standing relationship with well-known customers and an established supply chain. The page lists all 7 as disclosed.

What are the key risks disclosed in the Manika Plastech DRHP?

The loss of top customers or revenue from them could have a material adverse effect on the business, financial condition, results of operations, and cash flows. The company's facilities are exposed to potential fluctuations in the scale of business of its key customers. A significant loss of sales in battery casings due to reduced demand or downturn in end-use industries could adversely affect the business. The page lists all 8 disclosed risk factors.

Listing

When will Manika Plastech IPO list?

The Manika Plastech Limited shares are scheduled to list on 21 September 2026 on NSE. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

What was the Manika Plastech IPO listing price?

Manika Plastech Limited listed at ₹43, a gain of 0.0% on the ₹43 issue price.

At what time does an IPO list?

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Data sources

Where does the Manika Plastech IPO data on this page come from, and how often is it updated?

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.

Manika Plastech IPO Registrar where allotment and refund queries go

RegistrarMUFG Intime India Private Limited

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Manika Plastech IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (16 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Private Limited, not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹1 on a ₹43 upper band means the grey market is dealing at ₹44.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.