Investors who subscribed to the Manika Plastech IPO could get the much-awaited allotment update today. With the issue receiving an overall subscription of 29.5 times, investors are now awaiting the basis of allotment and looking ahead to the company’s stock-market debut.
The Rs 125.50 crore Manika Plastech IPO is expected to finalise its share allotment today, after which investors will be able to check online whether they have been allotted shares. The company’s shares are scheduled to list on both the BSE and NSE on September 21, 2026.
The IPO’s grey market premium (GMP) is currently around 5%, indicating expectations of a potential listing gain. However, GMP is an unofficial market indicator and can fluctuate before the stock makes its debut.
The IPO opened for subscription on September 11, 2026, and closed on September 16, 2026. It was subscribed 29.5 times overall, with the retail portion subscribed 24 times, the non-institutional investor (NII) category 67 times, and the qualified institutional buyer (QIB) category 11.22 times.
The Manika Plastech IPO is a Rs 125.50 crore book-built issue, comprising a fresh issue of 2.15 crore shares aggregating to Rs 92.50 crore and an offer for sale (OFS) of 76.74 lakh shares worth Rs 33 crore. The company has fixed the IPO price band at Rs 40–Rs 43 per share. The lot size is 348 shares, requiring retail investors to make a minimum investment of Rs 14,964 when applying at the upper end of the price band.
The company's shares are tentatively scheduled to debut on both the NSE and BSE on September 21, 2026.
Pantomath Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is acting as the registrar to the IPO.
Read more: NSE IPO Tracker: Catch all the highlights here
Investors can verify their allotment through either of the following platforms:
1. Registrar’s Website- Visit the MUFG Intime India IPO allotment page ( https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
- Select Manika Plastech from the drop-down menu.
- Enter your PAN, application number, or DP/Client ID.
- Click Submit to view your allotment status.
- Go to NSE IPO Allotment page
- Select Equity
- Choose Manika Plastech
- Enter your application number and PAN.
- Select Equity under issue type.
- Select Manika Plastech from the dropdown.
- Enter your application number OR PAN number.
- And fill the captcha and click search to view allotment.
Manika Plastech IPO GMP
The Grey Market Premium (GMP) for the Manika Plastech IPO currently stands at Rs 2 per share, representing a 5% premium over the upper end of the IPO price band of Rs 43 per share. Based on the latest GMP, the estimated listing price of Manika Plastech shares is around Rs 45 per share.
GMP Note: The Grey Market Premium is an unofficial indicator of market sentiment and is neither regulated nor guaranteed. GMP can fluctuate depending on market conditions, investor demand and other factors. The actual listing price may differ significantly from the GMP-based estimate.
IPO Objects of the Issue
The company proposes to utilise the net proceeds of the IPO primarily towards funding capital expenditure for the purchase of plant and machinery, with an estimated allocation of Rs 54.93 crore.
A further Rs 15.00 crore is proposed to be used for the repayment and/or pre-payment, in part or full, of certain borrowings. The remaining proceeds will be utilised for general corporate purposes, taking the total issue size to Rs 69.93 crore.
Financial Performance
Manika Plastech Ltd.’s total income increased by 6% from Rs 412.59 crore in FY25 to Rs 437.26 crore in FY26, reflecting steady growth in revenue during the year. Profit after tax (PAT) rose by 16% from Rs 19.33 crore in FY25 to Rs 22.40 crore in FY26, indicating an improvement in the company’s profitability.
About Manika Plastech Ltd.
Manika Plastech Limited manufactures rigid polymer packaging products, including battery casings, pails and thinwall containers for industrial and consumer applications. The Company offers end-to-end packaging solutions covering product design, raw material sourcing, manufacturing, heat sealing, labelling, quality assurance and delivery. It also provides customised packaging and manufactures automotive battery casings as per Japanese and German standards, including JIS and DIN. Its diversified customer base spans automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy, among other industries.
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