National, September 7, 2026: Manika Plastech Limited is set to launch its Initial Public Offering (IPO) on Friday, September 11, 2026, offering investors an opportunity to participate in the company’s proposed public issue. The price band for the IPO has been fixed at ₹40 to ₹43 per equity share, with the face value of each share set at ₹2.
The bidding period for the IPO will open on September 11 and close on Wednesday, September 16, 2026. The Anchor Investor bidding period will take place on Thursday, September 10, 2026.
Investors will be required to bid for a minimum of 348 equity shares, with subsequent bids to be made in multiples of 348 shares. At the upper end of the price band, the minimum application amount would be ₹14,964, excluding applicable charges.
The public issue comprises a fresh issue aggregating up to ₹92.5 crore along with an Offer for Sale (OFS) of up to 7,674,418 equity shares. Through the fresh issue, the company plans to raise funds to support its business and financial requirements.
According to the company, the net proceeds from the fresh issue are proposed to be utilised for several purposes. These include funding capital expenditure for the purchase of plant and machinery, repayment or pre-payment, either partly or fully, of certain borrowings availed by the company, and meeting general corporate purposes.
The equity shares offered through the Red Herring Prospectus are proposed to be listed on both the BSE Limited and the National Stock Exchange of India Limited (NSE). BSE will act as the designated stock exchange for the offer.
Pantomath Capital Advisors Private Limited has been appointed as the Book Running Lead Manager for the IPO.
The offering is being made through the Book Building Process in accordance with applicable provisions of the Securities and Exchange Board of India (SEBI) regulations. Not more than 50% of the offer will be available for allocation to Qualified Institutional Buyers (QIBs), subject to applicable regulations.
The company may allocate up to 60% of the QIB portion to Anchor Investors on a discretionary basis. A specified portion of the Anchor Investor allocation will be reserved for domestic mutual funds, life insurance companies and pension funds, subject to valid bids being received at or above the applicable allocation price.
Further, not less than 15% of the offer will be available for allocation to Non-Institutional Bidders, while not less than 35% will be available for Retail Individual Bidders, subject to the applicable SEBI regulations and valid bids.
All eligible investors, except Anchor Investors, will be required to participate through the Application Supported by Blocked Amount (ASBA) process. Investors using the UPI mechanism will need to provide their UPI ID, where applicable, and the bid amount will be blocked in their respective bank accounts.
The IPO remains subject to applicable statutory and regulatory requirements, requisite approvals, market conditions and other considerations. The Red Herring Prospectus has been filed with the relevant authorities and is available through the company, SEBI and the stock exchanges.
