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The Manika Plastech IPO is set to enter the Indian primary market, attracting attention from investors tracking upcoming IPOs and the latest Manika Plastech IPO GMP. The company is raising capital through a combination of a fresh issue and an offer for sale (OFS), with the IPO scheduled to open on September 11, 2026.
As of September 7, 2026, the Manika Plastech IPO GMP Today is reported at ₹7 against the upper IPO price of ₹43. This indicates an estimated listing price of around ₹50, although GMP is unofficial and can change before listing.
Disclaimer: GMP is an unofficial market indicator and should not be considered a guarantee of the IPO’s listing price or returns. Investors should review the company’s financials, risks, valuation and IPO documents before making an investment decision.
Manika Plastech IPO GMP Today
The latest Manika Plastech IPO GMP Today is ₹7 as of September 7, 2026. With the upper price band fixed at ₹43, the implied estimated listing price is approximately ₹50, representing a potential premium of around 16.28% over the issue price.
Manika Plastech IPO — Day-wise GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* | Last Updated |
|---|---|---|---|---|---|
| 07-Sep-2026 | ₹43.00 | ₹7 ▲ | ₹50 (16.28%) | ₹2,436 | 7-Sep-2026 10:54 |
| 06-Sep-2026 | ₹43.00 | ₹0 — | ₹43 (0%) | ₹0 | 6-Sep-2026 9:30 |
*Estimated Profit/Loss per lot = GMP × Market Lot.
The Manika Plastech IPO GMP was ₹0 on September 6 and moved to ₹7 on September 7. However, investors should remember that GMP can fluctuate based on market sentiment, demand and broader market conditions.
Manika Plastech IPO Details
The Manika Plastech IPO is a book-building issue of approximately ₹125.50 crore. The issue comprises a fresh issue of 2.15 crore shares aggregating to ₹92.50 crore and an offer for sale of 76.74 lakh shares aggregating to ₹33 crore.
The Manika Plastech IPO Price band has been fixed at ₹40 to ₹43 per share, with a face value of ₹2 per share. The IPO will be listed on both NSE and BSE.
| IPO Details | Information |
| IPO Name | Manika Plastech IPO |
| IPO Date | September 11–16, 2026 |
| Price Band | ₹40–₹43 |
| Face Value | ₹2 |
| Issue Size | Approx. ₹125.50 crore |
| Fresh Issue | ₹92.50 crore |
| Offer for Sale | ₹33 crore |
| Lot Size | 348 shares |
| Minimum Investment | ₹14,964 |
| Listing | NSE & BSE |
| Issue Type | Book Building |
Manika Plastech IPO Date & Allotment
The Manika Plastech IPO Date is scheduled from September 11 to September 16, 2026. Investors can place their bids during the subscription period.
The Manika Plastech IPO Allotment is expected to be finalized on September 17, 2026. Refunds and credit of shares to eligible demat accounts are expected on September 18, while the tentative Manika Plastech IPO Listing Date is September 21, 2026.
| Event | Date |
| IPO Opens | September 11, 2026 |
| IPO Closes | September 16, 2026 |
| Allotment | September 17, 2026 |
| Refund | September 18, 2026 |
| Credit of Shares | September 18, 2026 |
| Listing Date | September 21, 2026 |
Manika Plastech IPO Lot Size & Investment
The IPO lot size is 348 shares. At the upper price band of ₹43, a retail investor needs a minimum investment of ₹14,964 for one lot.
Retail investors can apply for up to 13 lots, or 4,524 shares, requiring ₹1,94,532 at the upper price band.
The reservation structure provides not more than 50% of the offer for QIBs, not less than 35% for retail investors and not less than 15% for NIIs.
About Manika Plastech
Manika Plastech Limited is a manufacturer of rigid polymer and plastic moulded products serving multiple industries. Its products include battery casings, pails, thin-wall containers and other precision-engineered polymer components. The company’s products cater to industries such as energy storage, automobiles, paints, lubricants, agrochemicals, food and dairy.
The company operates manufacturing facilities across locations including Dehradun, Hosur, Panipat, Una and Dadra. Its battery division manufactures casings used in energy-storage applications, including automobile, railway and power-backup applications.
According to recent reported financial results, Manika Plastech recorded revenue from operations of about ₹436 crore in FY2026, while profit stood at around ₹22.4 crore.
Manika Plastech IPO Review: Should You Apply?
The Manika Plastech IPO Review should consider both the company’s business fundamentals and the IPO valuation rather than relying only on the GMP.
Potential positives include its diversified customer applications, presence across multiple manufacturing locations and exposure to sectors such as energy storage, automotive and packaging. The fresh issue proceeds are also intended partly for purchasing plant and machinery and debt repayment.
At the same time, investors should evaluate industry competition, raw-material costs, debt levels, customer concentration, valuation and the risks disclosed in the company’s offer documents.
The current GMP of ₹7 suggests positive unofficial market sentiment, but GMP should not be treated as a guaranteed listing gain. Investors should make decisions based on their own risk profile and independent research.
Final Takeaway
The Manika Plastech IPO combines a ₹125.50-crore issue with a price band of ₹40–₹43 and a minimum retail investment of ₹14,964. With the Manika Plastech IPO GMP currently reported at ₹7, the issue is attracting attention ahead of its September 11 opening.
However, GMP can change quickly, and the actual listing price may differ significantly. Investors should carefully study the IPO documents, financial performance, valuation and associated risks before applying.
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