Manika Plastech IPO opens for subscription; GMP signals 30% listing gain. Check key details
On September 11, 2026, the Manika Plastech IPO kicked off for investor subscriptions, lasting three days. Strong grey market premiums have been reported, indicating positive market sentiment. The company targets to gather Rs 125.50 crore through a mix of new shares and sale offers, with proceeds designated for capital expenditure, debt repayment, and corporate necessities. Expected share listing…
The Manika Plastech IPO opened for subscription on September 11, 2026, offering a premium of 30% in the grey market (GMP). The IPO book-built at Rs 125.50 crore, consisting of a fresh issue of 2.15 crore shares and an offer for sale (OFS) of 76.74 lakh shares. Subscriptions will be accepted from September 11 to September 16, 2026, with allotment finalized on September 17 and the shares slated for debut on September 21, 2026.
Pantomath Capital Advisors Pvt. Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. acts as the registrar. The IPO price band is set at Rs 40–Rs 43 per share, with a lot size of 348 shares. Manika Plastech Ltd., founded in 1996, manufactures rigid polymer packaging products for various industries, including automotive, energy storage, and consumer goods.
The company reported a 6% increase in total income from Rs 412.59 crore in FY25 to Rs 437.26 crore in FY26 and a 16% rise in profit after tax from Rs 19.33 crore to Rs 22.40 crore. The IPO aims to fund capital expenditure, repay borrowings, and use proceeds for general corporate purposes.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
