Manika Plastech’s Initial Public Offer to open on Friday, September 11, 2026
FinTech BizNews Service
Mumbai, 7 September, 2026: Manika Plastech shall open the Bid/Offer in relation to its Initial Public Offer of Equity shares on Friday, September 11, 2026.
The Price Band of the Offer has been fixed at Rs 40 to Rs 43 per Equity Share. (“Price Band”).
Bids can be made for a minimum of 348 Equity Shares and in multiples of 348 Equity Shares thereafter. (“Minimum Bid Lot”).
The Anchor Investor Bidding Date shall be Thursday, September 10, 2026. The Bid/Offer shall open on Friday, September 11, 2026 and Bid /Offer shall close on Wednesday, September 16, 2026.
Mr. Munjal Kapadia, Managing Director at Manika Plastech Limited
The offer comprises of a fresh issue aggregating up to Rs 92.5 Crore (the “Fresh Issue”) and an Offer for Sale aggregating up to 7,674,418 equity shares (“Offer for Sale”). The face value of each equity share is Rs2.
The company proposes to utilize the net proceeds towards:
(i) Funding the capital expenditure towards purchase of plant and machinery;
(ii) Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company and,
(iii) General Corporate Purposes.
The Equity Shares to be offered through this Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”). For the purposes of the Offer, BSE is the Designated Stock Exchange.
Pantomath Capital Advisors Private Limited is the book running lead manager to the Offer.
