Manika Plastech IPO
MainboardManika Plastech manufactures rigid plastic packaging products and precision-molded polymer components for industrial, FMCG, and commercial applications.
Verdict: Apply for listing gains
Est. GMP
+₹17 (+40%)
Price range
₹43
Lot size
—
Issue size
—
Allotment
17 Sept
Listing
21 Sept
Review
1. Grey market premium
★★★★★Grey market premium of ~46.5% indicates robust pre-listing demand and favorable listing gain potential.
2. Company financials
★★★★★The company maintains steady revenue growth, though operating margins remain vulnerable to polymer price swings.
3. Subscription status
★★★★★The issue is upcoming and has not opened for public bidding yet.
4. Anchor investors
★★★★★Anchor book allocation details have not been finalized or made public.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹368.76 | ₹352.40 | ₹11.53 | ₹252.93 |
| 2025 | ₹412.59 | ₹387.16 | ₹19.33 | ₹320.99 |
| 2026 | ₹437.26 | ₹406.83 | ₹22.40 | ₹323.69 |
| June 2026 | ₹162.71 | ₹145.16 | ₹13.07 | ₹317.00 |
Subscription
Anchor investors
| Bidding date | August 10, 2026 |
Anchor placement data has not been announced.
Risks
- CyclicalFluctuations in crude oil derivatives and raw polymer prices directly impact operating margins and profitability.
- ConcentrationSignificant dependence on a limited set of industrial packaging clients poses client concentration risk.
- FinancialHigh working capital requirements to maintain inventory cycles can strain operating cash flows.