Manika Plastech IPO To Open On September 11; Price Band Set At ₹40-43, Issue Size ₹125.5 Crore
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…
Manika Plastech Ltd, a plastic products manufacturer, is scheduled to launch its Initial Public Offering (IPO) on September 11 with the aim of raising Rs 125.5 crore from investors. The price band for the shares has been set between Rs 40 and Rs 43, which would value the company at approximately Rs 501 crore at the upper end of the range.
The IPO includes a fresh issue of Rs 92.5 crore and an Offer For Sale (OFS) of 76.74 lakh shares, totaling Rs 33 crore at the higher price point. This brings the overall issue size to Rs 125.5 crore. The proceeds from the IPO are intended to be used for purchasing new plant and machinery, repaying or partially repaying certain borrowings, and for general corporate purposes.
The subscription period for the IPO will conclude on September 16, while anchor investor bidding will close on September 10. The shares are expected to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 21. Pantmoth Capital Advisors is designated as the book-running lead manager for the issue, and MUFG Intime India serves as the registrar.
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