Manika Plastech Limited
Key dates
Issue reservation
₹125 CrLot ladder — how much to bid
1 lot = 348 sharesIssue details
Particulars | Q1 FY27 (Jun-26) | FY26 | FY25 | FY24 |
Assets | 317 | 323.69 | 320.99 | 252.93 |
Total Income | 162.71 | 437.26 | 412.59 | 368.76 |
PAT | 13.07 | 22.4 | 19.33 | 11.53 |
Net Worth | 156.78 | 147.62 | 125.17 | 107.99 |
Reserves & Surplus | 136.97 | 127.69 | 105.29 | 88.05 |
Total Borrowings | 92.46 | 88.19 | 97.45 | 93.06 |
Capital Expenditure: ₹54.93 crore for new plant and machinery to expand capacity and introduce new technologies.
Debt Repayment: ₹15.00 crore towards repayment/prepayment of borrowings, reducing interest costs and strengthening the balance sheet.
General Corporate Purposes: Remaining proceeds to meet general business and corporate requirements.
Incorporated in 1996, Manika Plastech Limited is engaged in the manufacturing of rigid polymer packaging products, primarily battery casings, pails and thinwall containers, catering to diverse industrial and consumer applications. Its products are used across industries such as automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy.
The Company provides end-to-end packaging solutions covering product design and development, raw material sourcing, manufacturing, heat sealing, labelling, quality assurance and delivery. It also offers customized packaging solutions and manufactures automotive battery casings in accordance with Japanese and German technical standards, including JIS and DIN, to meet customer-specific requirements.
Manika Plastech has a diversified customer base, serving 168–242 customers across 24 states and union territories during the three-month period ended June 30, 2026 and the preceding three fiscals. Its top 20 customers had an average relationship tenure of over 10 years as of June 30, 2026, reflecting established customer relationships and relatively diversified end-market exposure.
The Company operates 7 facilities across India, comprising 6 manufacturing facilities in Dehradun, Hosur, Panipat, Una and Dadra, and 1 painting facility in Hosur. The manufacturing facilities produce battery casings, pails, thinwall containers and automotive components, while the Hosur painting facility caters to automotive and commercial EV manufacturers.
Dadra: Manufactures pails and thinwall containers for food and dairy manufacturers.
Dehradun: Manufactures battery casings for customers including Livguard, Luminous, Genus Innovation and HSD Batteries.
Hosur: Manufactures battery casings, pails, thinwall containers and automotive components; its painting facility serves automotive and EV manufacturers.
Panipat: Manufactures pails and thinwall containers, with Grasim Industries as a key customer.
Una: Manufactures battery casings, pails and thinwall containers for customers including Livguard, Luminous and Kansai Nerolac.
As of July 31, 2026, the Company had 352 employees and 809 contract labourers.
Company strengths
Strategic Footprint: Seven facilities across key locations, enabling lower logistics costs and faster customer service.
Diversified Products: Battery casings, paint pails, thinwall containers and automotive components, with battery casings contributing ~67% of revenue.
In-House Capabilities: Strong design and mould development, supported by 800+ customized moulds and 30 registered designs.
Growth & Expansion: Capacity targeted to increase from ~28,300 MT to 38,000 MTPA, with entry into injection stretch blow moulding.
Promoters
Registered office & contact
Manika Plastech Limited
Address - Gala Number C/22-26,
First Tax Free Industrial Estate, Silvassa
Khanvel Road, Village Saily,
Silvassa, Dadra and Nagar Haveli and Daman and Diu, 396230
📞 +91 22 4223 4300
✉️ cs@manikaplastech.com
What is the minimum investment in the Manika Plastech Limited IPO?
One lot of 348 shares — ₹14,964 at the upper price band of ₹43.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2026-09-21 on NSE / BSE.