Manika Plastech Limited
Promoters Munjal Nikunj Kapadia · Nikunj Mohanlal Kapadia · Mihir Nikunj Kapadia · Pratik Nikunj Kapadia · VRIDAA Holding Trust
Against an issue price of ₹43. Split- and bonus-adjusted official closes — a past move, never a forecast.
Manika Plastech Limited raised ₹250 crore through a mainboard initial public offer.
The filing places it in Industrial Products and names five promoters: Munjal Nikunj Kapadia, Nikunj Mohanlal Kapadia, Mihir Nikunj Kapadia, Pratik Nikunj Kapadia and VRIDAA Holding Trust.
The book was open from 11 September 2026 to 16 September 2026.
The issue was priced at ₹43 a share, from a band of ₹40 to ₹43.
As of the exchange's 16-Sep-2026 19:00:00 update the book was subscribed 28.1 times the shares on offer, counting bids on NSE and BSE together.
Against their reserved portions: qualified institutional buyers 10.94 times, non-institutional investors 63.09 times and retail investors 22.72 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.
21.90 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
The shares listed on 21 September 2026.
The last official close on file is ₹50.32 (3 November 2026), which is 17.0% above the issue price.
It now trades as MANIKA, and its filed financials are on its company page.
Shares sold in the issue at ₹43 last closed at ₹50.32.
See MANIKA’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Registered office
- Western India
- Company website
- www.manikaplastech.com
- Registrar
- MUFG Intime India Private Limited
- Lead manager
- Pantomath Capital Advisors Private Limited
- Bidding opens11 Sept 2026
- Bidding closes16 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing21 Sept 2026
Investors have bid for 28.14 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.
Bids placed on NSE alone, excluding BSE. It is smaller than the 28.14x headline above and the two must never be compared or added together.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.15% between ₹40 and ₹43, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
We have not extracted an anchor allotment list for this issue.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment21 Oct 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment20 Dec 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment21 Mar 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment21 Mar 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
Weighted-average return on net worth over the same years: 2.06%.
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
What the company says it will do with the money it raises. Only the fresh-issue portion reaches the company; anything raised through an offer for sale goes to the shareholders selling.
- Funding the capital expenditure towards purchase of plant and549.29₹ million
- Repayment and/or pre-payment, in part or full, of certain borrowings150₹ million
- General Corporate Purposes*—
Figures as filed by the issuer in its offer document.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Hitechnot in our universe | 37.9 | — | 5.3% | 8.84 | ₹6,404 cr |
| Shaily Engineering Plastics Limited | 88.9 | — | 23.7% | 36.97 | ₹9,907 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Pantomath Capital Advisors Private Limited 2023 – 2026 | 17 4 measurable | -3.7% | 1 of 3 | 0 of 1 | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Mufg Intime India Private Limited 2025 – 2026 | 90 29 measurable | +13.2% | 5 of 22 | 1 of 4 | 2 of 6 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive18 Sept 2026
- Red herring prospectus (RHP)· ZIP · exchange archive
- Draft red herring prospectus (DRHP)· PDF · exchange archive25 Jun 2025
- Abridged prospectus· PDF · exchange archive7 Sept 2026
- Anchor investor allotment· ZIP · exchange archivePARSE_FAILED
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.