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    Manika Plastech Ltd

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    Manika Plastech Ltd IPO opened on 11 Sep 2026 and closed on 16 Sep 2026, with a price band of ₹40–₹43 per share. The IPO had a lot size of 348 shares, requiring a minimum investment of ₹14,964 per lot at the upper price band. The issue size was ₹125.5 crore, and the shares get listed on 21 Sep 2026.

    Manika Plastech Ltd IPO Details

    Listing Date

    21 Sep 2026

    Bid Price

    ₹40 - ₹43

    Lot Size

    348 Shares

    Minimum Investment

    ₹14,964 / Lot

    Issue Size

    ₹125.5 Cr

    Key Dates to Track

        Here are the important dates you need to know in order to participate in this IPO

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    Offer Start Date

    11th Sep

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    Offer End Date

    16th Sep

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    Allotment Date

    17th Sep

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    Refund Initiation

    18th Sep

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    Demat Transfer

    18th Sep

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    Listing Date

    21st Sep

    Manika Plastech Ltd Shareholding Pattern

      Pre-Issue Post-Issue
    Promoter Group 100% 74.94%
    Public Group 0% 25.06%

    Manika Plastech Ltd IPO Reservation

    QIB Shares Offered 58,37,209 (20%)
    NII (HNI) Shares Offered 43,77,907 (15%)
    Retail Shares Offered 1,02,15,116 (35%)
    Anchor Investor Shares Offered 87,55,813 (30%)
    Total Shares Offered 2,91,86,044
    Total Shares With Anchor Investor 2,91,86,044

    Manika Plastech Ltd IPO Lot Size

    Application Lots Shares Amount
    Retail (Min) 1 348 ₹14,964
    Retail (Max) 13 4,524 ₹1,94,532
    S HNI (Min) 14 4,872 ₹2,09,496
    S HNI (Max) 66 22,968 ₹9,87,624
    B HNI (MIN) 67 23,316 ₹10,02,588

    Manika Plastech Ltd IPO Anchor Portion Size

    Bid Date September 10, 2026
    Shares Offered 87,55,813
    Anchor Investment Details 37

    Manika Plastech Ltd IPO registrar

    MUFG Intime India Pvt Ltd
    Phone Number +91 810 811 4949
    Email Id manikaplastech.ipo@in.mpms.mufg.com
    Website https://in.mpms.mufg.com

    Manika Plastech Ltd IPO Lead Manager

    1. Pantomath Capital Advisors Private Limited

    Manika Plastech Ltd Financial Information

    March 31, 2026 March 31, 2025 March 31, 2024
    Net Worth ₹147.62 Cr ₹125.18 Cr ₹108 Cr
    Reserves and Surplus ₹128.62 Cr ₹106.18 Cr ₹89 Cr
    Total Borrowing ₹88.19 Cr ₹97.45 Cr ₹93.06 Cr

    Manika Plastech Ltd IPO Subscription LIVE Status

    Category No. of shares offered No. of shares bid Subscription (Times)
    Qualified Institutional Buyers (QIBs) 59,87,209 6,54,79,332 10.9365
    Non Institutional Investors (NIIs) 46,19,913 29,14,64,964 63.0888
    Retail Individual Investors (RIIs) 1,07,79,797 24,49,17,180 22.72
    Total 2,13,86,919 60,18,61,476 28.14

    Strength of Manika Plastech Ltd

    • Proximity to key customers locations, operational flexibility enables customer retention and customer service.
    • Entry Barriers for Competitors and Retention Drivers/Exit Barriers for customers.
    • Integrated value-added services through in-house design, development, and labelling capabilities.
    • De-risked business model with diverse industry applications / customer base / suppliers / location / product portfolio and operational flexibility.
    • Longstanding relationships with well-known customers and well-established supply chain.
    • Integrated quality assurance infrastructure.
    • Commitment to sustainable packaging and adherence to ESG Standards.
    • Experienced promoters and management team, having domain knowledge.

    Risks Involved

    • About 58%-69% of the company operating revenue came from its top five customers, though the company served between 168 - 242 customers during the three months ended June 30, 2026, and the prior three Fiscals. The loss of any of the company's top customers, or the loss of revenue from these top customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.
    • In order to cater to the requirements of the company's key customers and maintain its relationship with them, the company typically set up its Operating Facilities or warehouses in proximity of their manufacturing units, which exposes the company's facilities to potential fluctuations in the scale of business of its customers and related industry trends.
    • Out of the company's diversified product portfolio, about 54% - 68% of its revenue from operations was derived from the sale of battery casings during the three month period ended June 30, 2026 and the preceding three Fiscals. Any significant loss of sales in the company's battery casings could have an adverse effect on its business, financial condition, results of operations and cash flows.
    • The company derived about 93%-98% of its revenue from operations from repeat customers in the three month period ended June 30, 2026 and the preceding three Fiscals, and any loss of, or a significant reduction in the repeat customers or revenue generated from them could adversely affect the company's business, results of operations, financial condition and cash flows.
    • The company's Subsidiary, Manika Automotive Private Limited has incurred losses and negative cash flows in the past. Such losses or negative cash flows may impact its reputation or business or financial results, on a consolidated basis.
    • The company does not own certain premises used by its. Disruption of the company's rights as licensee/ lessee or termination of the agreements with its licensors/ lessors would adversely impact the company operations and, consequently, its business.
    • The company has in past entered into related party transactions and its may continue to do so in the future.
    • The company's Promoter, VRIDAA Holding Trust, is a private trust, and its Promoter Group comprises multiple trusts, which may lead to concerns in determining ultimate control and beneficial ownership of the Company.
    • The company is unable to trace bank statements for certain allotments made by its. In the event the company is found not to be in compliance with any applicable regulations in relation to such allotments, its may be subject to regulatory actions or penalties for any such possible non-compliance and the company's business, financial condition and reputation may be adversely affected.
    • There have been a few instances of non-compliances in the past with respect to reporting requirements related to the company's erstwhile subsidiary, Aquiline Inc (FZE) for which the Ministry of Corporate Affairs, imposed a fine of Rs. 0.03 million on each of its Individual Promoters. Consequently, the company may be subject to regulatory actions and penalties for any such non-compliance in the future and its business, financial condition and reputation may be adversely affected.

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    Frequently Asked Questions

    What is Manika Plastech Ltd IPO?

    Manika Plastech Ltd IPO is a Mainboard IPO of 2,91,86,044 equity shares of a face value of ₹2 aggregating up to ₹125.5 Crores. The issue is priced at ₹40 to ₹43 per share. The minimum order quantity is 348 Shares. The IPO opens on September 11, 2026, and closes on September 16, 2026. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

    When Manika Plastech Ltd IPO will open?

    The Manika Plastech Ltd IPO opens on September 11, 2026 and closes on September 16, 2026.

    What is the lot size of Manika Plastech Ltd?

    Manika Plastech Ltd lot size is 348 shares, and the minimum amount required is ₹14,964.

    How to apply for Manika Plastech Ltd IPO?

    You can apply in Manika Plastech Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

    • Login to Bajaj Broking account App/Website & click on IPO
    • Enter the number of lots and price at which you wish to apply.
    • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
    • You will receive a mandate notification to block funds in your UPI app.
    • Approve the mandate request on your UPI and funds will be blocked.

    When is Manika Plastech Ltd IPO allotment?

    The finalization of Basis of Allotment for Manika Plastech Ltd IPO will be done on September 17, 2026, and the allotted shares will be credited to your demat account by September 18, 2026.

    When is Manika Plastech Ltd IPO listing date?

    The Manika Plastech Ltd listing date is September 21, 2026.

    Who is the registrar of Manika Plastech Ltd IPO?

    The registrar of Manika Plastech Ltd IPO is MUFG Intime India Pvt Ltd

    Which company is the book-running lead manager of the IPO?

    Pantomath Capital Advisors Private Limited will be the book-running lead manager of this IPO.

    What is the fresh issue of Manika Plastech Ltd IPO?

    The fresh issue size is ₹92.5 Crores equity shares.

    What minimum lot size can retail subscribers subscribe to Manika Plastech Ltd?

    Retail investors can subscribe to a minimum of one lot, 348 shares and ₹14,964 amount.

    How can I approve the UPI mandate request for Manika Plastech Ltd IPO?

    To apply for Manika Plastech Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

    What is the price range of Manika Plastech Ltd?

    The price of each Manika Plastech Ltd share will be ranging in between ₹40 to ₹43 per share.

    What is the cut-off time for the UPI mandate for Manika Plastech Ltd IPO?

    The cut-off time for the UPI mandate confirmation is 5:00 PM, September 16, 2026.

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