Manika Plastech IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Financial Analysis
| Metric | 2024 | 2025 | 2026 | June 2026 |
|---|---|---|---|---|
| Revenue | 368.76 | 412.59 | 437.26 | 162.71 |
| Expense | 352.40 | 387.16 | 406.83 | 145.16 |
| Profit (PAT) | 11.53 | 19.33 | 22.40 | 13.07 |
| Total Assets | 252.93 | 320.99 | 323.69 | 317.00 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Hitech Corporation Limited | 8.84 | 37.85 | 5.34 | 165.72 | 640.40 Cr |
| Mold-Tek Packaging Limited | 21.93 | 32.34 | 10.56 | 207.64 | 886.61 Cr |
| Shaily Engineering Plastics Limited | 36.97 | 88.85 | 23.71 | 155.95 | 990.67 Cr |
Promoters: Nikunj Mohanlal Kapadia, Munjal Nikunj Kapadia, Mihir Nikunj Kapadia, Pratik Nikunj Kapadia, Vridaa Holding Trust
Strengths & Risks
- Strong grey-market premium — +40% over the issue price.
- Strong return on equity — 15%.
- Grey-market premium is slipping during the bidding window.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Since its incorporation in 1996, Manika Plastech has been involved in the manufacturing of rigid polymer packaging products. Its product range includes the manufacturing of battery casings, pails, and thin-wall containers used in packaging, industrial, and consumer applications. Manika Plastech provides complete polymer packaging solutions, from design, development, sourcing of raw materials, manufacturing, heat sealing, labelling, and delivery. Moreover, the company operates 7 manufacturing facilities situated in Dehradun, Hosur, Panipat, Una, and Dadra, and 1 painting facility located in Hosur. As of June 2026, the company has served 168 to 242 customers across various industries such as automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food, and dairy.
| Purpose | Amount (Cr) |
|---|---|
| Funding the capital expenditure towards purchase of plant and machinery | 59.82 |
| Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company | 25.00 |
| General Corporate Purposes | - |
Resources & Documents
Gala Number C/22-26, First Tax Free Industrial Estate, Silvassa Khanvel Road, Village Saily, Silvassa Dadra and Nagar Haveli and Daman and Diu
Manika Plastech has set a price band of Rs 40–Rs 43 per share for an issue size of Rs 126 crore. The Mainboard issue is scheduled to open for subscription on September 11, 2026 — 3 days from now.
Since its incorporation in 1996, Manika Plastech has been involved in the manufacturing of rigid polymer packaging products. Its product range includes the manufacturing of battery casings, pails, and thin-wall containers used in packaging, industrial, and consumer applications.
The issue is promoted by Nikunj Mohanlal Kapadia, Munjal Nikunj Kapadia, Mihir Nikunj Kapadia, Pratik Nikunj Kapadia, Vridaa Holding Trust with Pantomath Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding the capital expenditure towards purchase of plant and machinery (Rs 60 crore) and Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company (Rs 25 crore).
Grey market is quoting a premium of +Rs 17 (+39.5% over issue price), up Rs 2 from the previous session.
On fundamentals, the company is posting revenue growth of 6.0%, a profit margin of 5.1%, return on equity of 15.2% in its most recent reported period. Listed peers in this segment include Hitech Corporation Limited (P/E 37.85x) and Mold-Tek Packaging Limited (P/E 32.34x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Manika Plastech IPO GMP — What It Means
The latest grey market premium for Manika Plastech IPO is ₹17 (+39.5%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Manika Plastech it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Manika Plastech GMP history and trend, or learn how grey market premium works and how reliable it is.
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