Manika Plastech came to market through an IPO that opened on 11 September 2026 and closed on 16 September 2026, and the shares listed on 21 September 2026 on BSE, NSE. The price band was ₹40 to ₹43 per share and one lot was 348 shares, so the minimum application was ₹14,964. The issue size was ₹125.5 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹43, flat against the issue price of ₹43. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Pantomath Capital Advisors Pvt.Ltd was the lead manager.
As of 16 September 2026.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Overall the issue was subscribed 29.46 times.
Manika Plastech Limited is a manufacturer of specialized polymer packaging solutions in India. The firm mainly deals with the production of multilayer barrier films and containers, which find applications in industries such as food and beverages, pharmaceuticals, personal care, agrochemicals, and lubricants. Such packaging products are meant to prolong product shelf life, ensure its quality, and protect it against moisture, oxygen, and other environmental factors.
Manika Plastech specializes in the use of high-end co-extrusion technology for production of high barrier multilayer containers and films. This firm operates on the domestic and international fronts and has developed long-lasting relationships with key clients through its customized, reliable, and innovative packaging products. Sustainability, efficiency, and following of global standards is at the heart of the company's manufacturing activities.
At the moment, there are seven operational manufacturing plants of the firm located in Dehradun, Hosur, Panipat, Una and Dadra covering a total area of 51,000 square meters and having an installed capacity of 27,600 MTPA. There are also five warehouses in Hosur, Dehradun, Jodhpur, and Katni.
As described in the offer document.
| Metric | 30-Jun-26 | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
|---|
Nikunj Mohanlal Kapadia, Munjal Nikunj Kapadia, Mihir Nikunj Kapadia, Pratik Nikunj Kapadia, Vridaa Holding Trust. Promoter holding 100% before the issue and 74.95% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Manika Plastech IPO was a ₹125.5 crore book-built issue, comprising a fresh issue of ₹92.5 crore and an offer for sale of ₹33 crore. It was priced at ₹40–₹43 per share with a lot size of 348 shares (₹14,964). The IPO was open from September 11 to September 16, 2026 and was subscribed 29.46x. Shares listed on BSE and NSE on September 21, 2026 at ₹43, in line with the issue price of ₹43. MUFG Intime India Pvt. Ltd.
is the registrar. Pantomath Capital Advisors Pvt. Ltd. is the book running lead manager.
The price band of Manika Plastech IPO is ₹40 to ₹43 per share.
The lot size of Manika Plastech IPO is 348 shares.
The minimum investment for Manika Plastech IPO is approximately ₹14,964 based on the upper price band.
The allotment date of Manika Plastech IPO is Sep 17, 2026.
No GMP quote could be verified as recorded before Manika Plastech IPO listed. A grey-market observation of ₹1 per share was recorded on 21 Sep 2026, 6:15 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹43. GMP is unofficial and does not forecast or guarantee the actual listing price.
Manika Plastech IPO listed on Sep 21, 2026. It was issued at ₹43.0(NSE) and is currently around ₹46.20 as on 30-Oct-2026 3:30 PM, which is approximately 7.4% versus issue price. The 52-week high is ₹61.25.
You can check Manika Plastech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Manika Plastech IPO allotment status on Rupix for quick and easy access.
₹40 to ₹43 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 348 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,964.
₹14,964, for one lot of 348 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 11 September 2026 and closed on 16 September 2026.
The basis of allotment was published on 17 September 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 21 September 2026 on BSE, NSE, opening at ₹43.
The issue size was ₹125.5 crore. The fresh issue was 2,15,11,627 shares (aggregating up to ₹92.5 crore). The offer for sale was 76,74,418 shares (aggregating up to ₹33 crore).
It listed at ₹43 against an issue price of ₹43, a gain of 0 percent on listing day.