Manika Plastech Limited
MainboardMANIKA • BSE, NSE
Issue details
Price band
₹40 - ₹43
Lot size
348 shares
Issue size
₹91.96 Cr
Min. investment
₹14,964
Registrar
MUFG Intime India
Subscription
22.21x
Grey market premium
Est. gain+₹1 · 2%
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IPO Timeline
Open
11 Sep
Close
16 Sep
Allotment
17 Sep
Listing
21 Sep
- Refunds & demat credit
- 18 Sep 2026
- Mandate end
- 1 Oct 2026
- Anchor lock-in 50%
- 17 Oct 2026
- Anchor lock-in 100%
- 16 Dec 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 348shares 1 lot · ₹14,964 | 4,524shares 13 lots · ₹1,94,532 |
| sNII (₹2L–₹10L) | 4,872shares 14 lots · ₹2,09,496 | 22,968shares 66 lots · ₹9,87,624 |
| bNII (above ₹10L) | 23,316shares 67 lots · ₹10,02,588 | No limit funds permitting |
Based on the upper price band of ₹43 and a lot of 348 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| NII | 46,19,913 | 24,69,14,004 | 53.45x |
| bNII (above ₹10L) | 15,39,971 | 5,80,81,200 | 37.72x |
| Retail (IND) | 1,07,79,797 | 16,99,67,028 | 15.77x |
| Total | 2,13,86,919 | 47,50,26,960 | 22.21x |
Last updated 39 days ago.
Issue structure
Face value
₹2 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹92 Cr
2,15,11,627 shares
Offer for sale
₹33 Cr
76,74,418 shares
Shares pre-issue
9,50,00,000
Shares post-issue
11,65,11,627
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 2.36 | 4.49 |
| P/E | 18.22 | 9.58 |
| Market cap | ₹408.50 Cr. | ₹502.63 Cr |
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 8.34% | 15.18% |
| ROCE | 8.34% | 18.77% |
| Debt/Equity | 0.59 | 0.60 |
| RoNW | 8.34% | 15.18% |
| PAT Margin | 8.03% | 5.12% |
| EBITDA Margin | 15.01% | 13.34% |
| NAV | 16.50 | 15.54 |
| Price to Book Value | 2.61 | 2.77 |
Financials
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total income | 162.71 | 437.26 | 412.59 | 368.76 |
| Profit after tax | 13.07 | 22.4 | 19.33 | 11.53 |
| EBITDA | 24.38 | 58.14 | 45.3 | 30.86 |
| Net worth | 156.78 | 147.62 | 125.17 | 107.99 |
| Assets | 317 | 323.69 | 320.99 | 252.93 |
| Reserves & surplus | 136.97 | 127.69 | 105.29 | 88.05 |
| Total borrowing | 92.46 | 88.19 | 97.45 | 93.06 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding the capital expenditure towards purchase of plant and machinery₹54.93 Cr
- 2.Repayment and/or pre-payment, in part or full, of certain borrowings availed by Company₹15 Cr
- 3.General Corporate Purposes₹11.71 Cr
- 4.Offer Expense₹14.72 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Manas Polymers & Energies Ltd.SME | ₹81 | 9.19 | ₹146.20 | +80.49% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.