Manika Plastech Limited IPO
11 Sept 2026 – 16 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹43.5
- H
- ₹51.73
- L
- ₹42.55
- C
- ₹51.52
11 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹40 – ₹43
- Lot Size
- 348 shares
- Min Investment
- ₹14,964 (1 lot · 348 shares)
- Face Value
- ₹2
- Fresh Issue
- ₹92.5 Cr (to the company)
- Offer for Sale
- 76,74,418 shares (to selling holders)
- Issue Size
- Initial Public offer comprising of Fresh issue aggregating up to Rs. 925 million and Offer for Sale of up to 7,674,418 Equity shares (Including Anchor Investor portion of 87,55,813 Equity Shares)
- Registrar
- MUFG Intime India Private Limited ↗
Timetable
GMP History
Latest GMP ₹1 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 20 Sept | ₹1.5 | +3.5% | −₹0.5 | ₹44.5 | |
| 19 Sept | ₹2 | +4.7% | +₹0.4 | ₹45 | |
| 18 Sept | ₹1.6 | +3.7% | −₹0.65 | ₹44.6 | |
| 17 Sept | ₹2.25 | +5.2% | +₹0.25 | ₹45.25 | |
| 16 Sept | ₹2 | +4.7% | −₹1 | ₹45 | |
| 15 Sept | ₹3 | +7.0% | −₹8 | ₹46 | |
| 14 Sept | ₹11 | +25.6% | — | ₹54 | |
| 13 Sept | ₹11 | +25.6% | −₹4 | ₹54 | |
| 12 Sept | ₹15 | +34.9% | +₹5 | ₹58 | |
| 11 Sept | ₹10 | +23.3% | −₹3 | ₹53 | |
| 10 Sept | ₹13 | +30.2% | — | ₹56 | |
| 9 Sept | ₹13 | +30.2% | — | ₹56 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 59,87,20928.0% | 5,81,45,928 | 9.71x |
| NII / HNI | 46,19,91321.6% | 24,69,14,004 | 53.45x |
| bNII · bids above ₹10L | 30,79,94214.4% | 18,88,32,804 | 61.31x |
| sNII · bids ₹2L–₹10L | 15,39,9717.2% | 5,80,81,200 | 37.72x |
| Retail | 1,07,79,79750.4% | 16,99,67,028 | 15.77x |
Bids received on NSE, as at 16-Sep-2026 19:00:18 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 16 Sept | — | — | — | 22.21x |
| 15 Sept | 0.80x | 10.69x | 11.45x | 8.30x |
| 14 Sept | 0.35x | 1.20x | 2.18x | 1.46x |
| 13 Sept | 0.35x | 1.20x | 2.18x | 1.46x |
| 12 Sept | 0.35x | 1.19x | 2.12x | 1.42x |
| 11 Sept | 0.35x | 1.19x | 2.12x | 1.42x |
Financials
All values in ₹ crore
About Manika Plastech
Manika Plastech Limited is an Indian company engaged in the manufacturing of specialized polymer-based packaging solutions . The company primarily produces multilayer barrier films and containers, which are widely used in industries such as food and beverages, pharmaceuticals, personal care, agrochemicals, and lubricants. These packaging solutions are designed to enhance product shelf life, maintain quality, and provide protection from moisture, oxygen, and other environmental factors. Manika Plastech is known for using advanced co-extrusion technology to manufacture high-barrier multilayer containers and films. It serves both domestic and international markets and has built long-term partnerships with major clients by offering customized, reliable, and innovative packaging products. The company emphasizes sustainability, efficiency, and adherence to global quality standards in its manufacturing processes. Currently, it has seven operating facilities in Dehradun, Hosur, Panipat, Una and Dadra across 51,000 square meters with an installed capacity of 27,600 MTPA. Also, the company has five warehouses in Hosur, Dehradun, Jodhpur and Katni. Competitive strengths Proximity to key customers locations with operational flexibility Entry Barriers for Competitors and Retention Drivers/Exit Barriers for customers Integrated value-added services through in-house design, development, and labelling capabilities Diverse industry applications / customer base / suppliers / location / product portfolio Longstanding relationships with well-known customers and well-established supply chain Integrated quality assurance infrastructure
As published in the company's own offer documents.
Strengths
- Proximity to key customers locations with operational flexibility
- Entry Barriers for Competitors and Retention Drivers/Exit Barriers for customers
- Integrated value-added services through in-house design, development, and labelling capabilities
- Diverse industry applications / customer base / suppliers / location / product portfolio
- Longstanding relationships with well-known customers and well-established supply chain
- Integrated quality assurance infrastructure
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Pantomath Capital Advisors Private Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 348 | ₹14,964 |
| Retail (max)most that stays under ₹2L | 13 | 4,524 | ₹1,94,532 |
| S-HNI (min)first bid over ₹2L | 14 | 4,872 | ₹2,09,496 |
| S-HNI (max)most that stays under ₹10L | 66 | 22,968 | ₹9,87,624 |
| B-HNI (min)first bid over ₹10L | 67 | 23,316 | ₹10,02,588 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 348 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 2,13,86,688 Equity Shares in multiple of 348 Equity Shares
- Max Bid (NII)
- 1,53,99,696 Equity Shares in multiple of 348 Equity Shares
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 16-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- AXIS Bank Limited and ICICI Bank Limited
Registrar
- Name
- MUFG Intime India Private Limited
- Address
- C101, 247 Park, L.B.S. Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India
- Contact
- Shanti Gopalkrishnan, +91 810 811 4949, manikaplastech.ipo@in.mpms.mufg.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Manika Plastech Limited IPO today?
The latest grey market premium for Manika Plastech Limited IPO is ₹1. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Manika Plastech Limited IPO?
The price band is ₹40 – ₹43, with a lot size of 348 shares. The minimum investment is ₹14,964.
When does Manika Plastech Limited IPO open and close?
The issue opens on 11 Sept 2026 and closes on 16 Sept 2026. Listing is expected on 21 Sept 2026.
Who is the registrar for Manika Plastech Limited IPO?
MUFG Intime India Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.