Another company is set to reach investors in the primary market. Manika Plastech Limited’s initial public offering (IPO) will open on September 11, 2026, and close on September 16. The company has set a price band of ₹40 to ₹43 per equity share. Bidding for anchor investors will open on September 10.
Investors will be able to bid for a minimum of 348 equity shares and in multiples of 348 shares thereafter. The company’s shares are proposed to be listed on the BSE and NSE.
The offer comprises a fresh issue of up to ₹92.5 crore and an offer for sale of up to 7,674,418 equity shares. The proceeds from the fresh issue will be used for capital expenditure for purchase of plant and machinery, partial or full repayment/prepayment of certain debts and general corporate purposes.
Pantomath Capital Advisors Private Limited is the book running lead manager for this IPO. The key focus will now be on how much investor interest this ₹40-₹43 issue price generates.
The minimum bid amount in the IPO will be 348 shares. Subsequently, investors will be able to bid in multiples of 348 shares. Each share has a face value of ₹2. The shares offered will be listed on the BSE and NSE.
The issue comprises a fresh issue of up to ₹92.5 crore and an offer for sale of up to 7,674,418 shares. The company plans to use the proceeds from the fresh issue for investment in plant and machinery, repayment or prepayment of a portion of existing borrowings, and general corporate needs. The challenge now is clear—will Manika Plastech’s price band generate the kind of investor interest the company is hoping for?
