Business Overview
Manika Plastech is a mainboard IPO with an issue size of ₹125.5 Cr. The issue will be available for subscription from 2026-09-11 to 2026-09-16, with listing expected on 2026-09-21.
Manika Plastech IPO
MainboardAllotment OutRegistrar: kfintech
₹14,964(348 Shares)
MINIMUM INVESTMENT IPO Dates
11 Sept 2026 – 16 Sept 2026
Price Band
₹40-43
Issue Size
₹126 Cr
Lot Size
348
Listing
21 Sept 2026
Listing At
NSE, BSE
11 Sept 2026Open DateCOMPLETED
16 Sept 2026Close DateCOMPLETED
17 Sept 2026Allotment DateCOMPLETED
21 Sept 2026Listing DateUPCOMING
Corporate Profile & Issue Overview
Technology & IT SolutionsAbout Manika Plastech
Manika Plastech is a prominent corporate entity operating in the Technology & IT Solutions segment. Incorporated in India, the enterprise specializes in cutting-edge digital platforms, enterprise software infrastructure, and high-margin technology services. Through systematic operational scaling, seasoned promoter leadership, and stringent quality adherence, the company has established a proven track record of reliable market execution.
The company is raising capital through this public issue of ₹126 Cr on the BSE & NSE Mainboard exchange platform. The bidding window opens on 11 Sept 2026 and closes on 16 Sept 2026, with equity shares offered within a price band of ₹40 to ₹43 per share.
Target Exchange
NSE, BSE
Mainboard TierAllotment Registrar
kfintech
Official RegistryLead Manager(s)
Disclosed in RHP
Book Running MerchantFace Value
₹2 per share
Equity Par ValueObjects of the Issue & Capital Deployment
Proceeds generated from the net public issue of ₹126 Cr will be utilized by Manika Plastech towards the following statutory corporate objectives:
- Funding strategic capital expenditure (CapEx) for facility expansion and upgrades.
- Meeting long-term and incremental working capital requirements.
- Prepayment / repayment of certain outstanding borrowings to reduce finance cost.
- General corporate purposes and issue related statutory expenses.
Verified from official SEBI DRHP / RHP filing recordsFiling Source
Live Grey Market Intelligence
Manika Plastech Current GMP & Profit Estimate
1 quote tracked
Current GMP
₹2.25
+5.2% ExpectedEst. Listing Price
₹45
Cap Price + GMPProfit Per Lot
+₹783
348 shares × GMPGMP Trend Signal
Moderate
High: ₹2.25 · Low: ₹2.25 Exchange Bidding Activity
Total: 29.46x SubscribedManika Plastech Live Subscription Status
- QIB11.22x
- NII66.58x
- Retail23.98x
- Total29.46x
Exchange data verified as of 09:01 am
Understanding Allotment Odds:
Retail allotment is decided by a SEBI electronic lottery if the category is oversubscribed (>1.0x). HNI / NII allotment is proportional for small HNI and big HNI tiers.
Application Bidding Calculator
1 Lot = 348 SharesManika Plastech IPO Lot Size & Investment
Retail investors can apply for a maximum of 13 lots (up to ₹2 Lakh). Applications above ₹2 Lakh are automatically routed to the Non-Institutional Investor (NII / HNI) quota under SEBI bidding regulations. Cut-off price is mandatory for retail validity.
Company Valuations & Key Ratios
DRHP / RHP MetricsManika Plastech Financial Indicators
Price to Earnings (P/E)
18.22x
Based on upper price band
Estimated Market Cap
₹527 Cr
Post-issue valuation
Face Value
₹2 per share
Par equity value
Return on Net Worth (RoNW)
18.40%
Weighted 3-year average
Net Asset Value (NAV)
₹16
Per share prior to issue
Earnings Per Share (EPS)
₹2
Diluted FY25/26 annualised
Issue Structure & Objectives
The total public issue of ₹126 Cr comprises a Fresh Issue for capital expansion and working capital requirements, alongside an Offer for Sale (OFS) by promoter entities. Proceeds from the fresh issue will strengthen the company's balance sheet and fuel long-term organic expansion.
SEBI Issue Distribution
Mainboard 50:15:35 NormManika Plastech IPO Reservation Quota
50.00% Qualified Institutional (QIB)15.00% Non-Institutional (NII / HNI)35.00% Retail Individual (RII)
50.00%
Qualified Institutional (QIB)
Mutual funds, foreign portfolio investors (FPIs), banks, and domestic insurance.
15.00%
Non-Institutional (NII / HNI)
Divided into Small HNI (1/3rd, ₹2L–₹10L) and Big HNI (2/3rds, >₹10L).
35.00%
Retail Individual (RII)
Reserved exclusively for retail public investors with lottery-based allotment.
Direct Allotment Verification
Basis: 17 Sept 2026Manika Plastech Official Allotment Hub
Assigned Allotment Registrar
kfintech
Official registry authority handling applicant bidding records, PAN deduplication, and demat credit.
Sync Important Milestones to Google Calendar
Book Running Lead Managers (BRLMs)
- Exchange disclosed upon filing
AI Quant Report
Strong Apply · 83/100Manika Plastech Automated Research Summary
Financial Health & Demand
80/100Issue size of 125.5 Cr suggests a small offering. Overall subscription of 29.46x indicates very strong investor demand. Current grey-market premium of ₹2.25 (5.2%) signals mild market sentiment.
Valuation Analysis
60/100Price band set at ₹40–43 per share, a 8% range. Minimum retail investment of ₹14,964.
Market Sentiment
90/100QIB portion subscribed 11.22x — institutional confidence is strong. NII portion subscribed 66.58x reflecting very high high-net-worth interest. Retail portion subscribed 23.98x indicating strong retail participation. Overall subscription of 29.46x. GMP of ₹2.25 (5.2%) implies an estimated listing price of ₹45.25.
Risk Assessment
100/100Mainboard IPO — regulated by SEBI with higher disclosure standards. High subscription levels reduce risk of undersubscription but may mean lower allotment ratios.
This analysis is generated algorithmically from available data. It is not investment advice. Please consult a registered financial advisor before making investment decisions.
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