Manika Plastech IPO To Open On September 11; Price Band Set At ₹40-43, Issue Size ₹125.5 Crore

Manika Plastech Ltd will open its ₹125.5 crore IPO for subscription on September 11, with the price band fixed at Rs 40-43 per share. The issue includes a fresh issue of Rs 92.5 crore and an OFS of 76.74 lakh shares. The IPO will close on September 16, with listing planned on BSE and NSE on September 21.

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Trusted Source Manika Plastech IPO To Open On September 11; Price Band Set At ₹40-43, Issue Size ₹125.5 Crore
PTI Updated: Monday, September 07, 2026, 06:28 PM IST
Manika Plastech IPO To Open On September 11; Price Band Set At ₹40-43, Issue Size ₹125.5 Crore

(From left to Right)- Mr. Vikram Bhatia, Executive Director at Pantomath Capital Advisors Private Limited; Mr. Mihir Kapadia, Whole- time Director at Manika Plastech Limited; Mr. Munjal Kapadia, Managing Director at Manika Plastech Limited and Mr. Mukesh Thakkar, Chief Financial Officer at Manika Plastech Limited at the IPO meet in Mumbai on Monday |

New Delhi, September 7, 2026: Plastic products manufacturer Manika Plastech Ltd is set to launch its Initial Public Offering (IPO) on September 11 to raise Rs 125.5 crore from investors.

The price band has been fixed at Rs 40-43 per share, valuing the company at around Rs 501 crore at the higher end.

IPO Structure And Valuation

The public issue comprises a fresh issue of Rs 92.5 crore and an Offer For Sale (OFS) of 76.74 lakh shares aggregating Rs 33 crore at the higher end.

This takes the total issue size to Rs 125.5 crore.

Use Of IPO Proceeds

The company proposes to utilise the net proceeds from the issue for the purchase of plant and machinery; repayment and/or pre-payment, in part or full, of certain borrowings; and general corporate purposes.

The IPO will close for subscription on September 16 and the bidding for anchor investors will conclude on September 10, according to a public announcement.

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Listing And Issue Managers

The shares are proposed to be listed on both BSE and NSE on September 21.

Pantmoth Capital Advisors is the book-running lead manager to the issue, while MUFG Intime India is the registrar.

(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

Published on: Monday, September 07, 2026, 06:13 PM IST

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