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Manika Plastech Sets IPO Price Band, Dates and Size
Manika Plastech makes plastic packaging and other polymer products.
It is planning to sell shares to the public through an IPO.
Each share will cost between ₹40 and ₹43.
People can apply for the shares from September 11 to September 16.
The company wants to raise ₹92.5 crore through new shares.
Its promoter, VRIDAA Holding Trust, will also sell some existing shares.
Most of the new money will buy machinery, while some will repay debt.
The company has seven factories and sells products to industries including automotive, paints, food, and construction chemicals.
Manika Plastech has set its IPO price band at ₹40–₹43 per share, with a face value of ₹2.
The IPO will open for subscription on September 11 and close on September 16.
The company plans to raise ₹92.5 crore through a fresh issue, while VRIDAA Holding Trust will offer up to 76.74 lakh shares for sale.
Of the fresh-issue proceeds, ₹54.9 crore is earmarked for plant and machinery, ₹15 crore for debt repayment, and the remainder for general corporate purposes.
Manika Plastech reported ₹13 crore profit on ₹162.4 crore revenue in the quarter ended June 2026.
- Who
- Manika Plastech, a Mumbai-based rigid polymer packaging manufacturer promoted by the Kapadia family, is conducting the IPO.
- What
- The company is launching an IPO with a ₹40–₹43 price band, a ₹92.5 crore fresh issue, and an offer for sale of up to 76.74 lakh shares.
- Where
- The company is based in Mumbai, and its shares are expected to list on the stock exchanges.
- When
- Subscription is scheduled for September 11–16; anchor bidding is on September 10, allotment is expected by September 17, and listing is likely from September 21.
- Why
- The fresh-issue proceeds will fund plant and machinery, debt repayment, and general corporate purposes.
Key facts
- IPO price band
- ₹40–₹43 per share
- Face value
- ₹2 per share
- Subscription period
- September 11–16
- Fresh issue
- ₹92.5 crore
- Offer for sale
- Up to 76.74 lakh shares by VRIDAA Holding Trust
- Manufacturing capacity
- 29,200 MTPA across seven facilities
- FY26 performance
- ₹22.4 crore profit and ₹436 crore revenue from operations
Sources
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