Manika Plastech Limited
Promoters Munjal Nikunj Kapadia · Nikunj Mohanlal Kapadia · Mihir Nikunj Kapadia · Pratik Nikunj Kapadia · VRIDAA Holding Trust
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 price band was ₹40 to ₹43 a share, and the minimum lot is 348 shares — ₹14,964 at the top of the band.
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.
We hold no exchange price bars for this ISIN yet.
- 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.
- Listingnot published
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.
This issue has no listing date on file, so the ICDR schedule cannot be computed for it.
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 |
|---|---|---|---|---|---|
| Mold-Tek Packaging Limited | 32.3 | — | 10.6% | 21.93 | ₹8,866 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 | 15 1 measurable | +26.6% | 1 of 2 | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Mufg Intime India Private Limited 2025 – 2026 | 77 16 measurable | +18.5% | 1 of 5 | 1 of 1 | 1 of 4 |
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.
- 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.