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(07/09/2026 20:20)

Manika Plastech announces launch of initial public offering

Manika Plastech Ltd. has announced public offering of 29186046 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 41.00 per share. The gross proceeds of the issue are expected to be Rs 12,550.00 lakhs.

The company's initial public offer (IPO) will open on 11 September 2026 and is expected to close on 16 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 40.00-43.00 per share.

The IPO includes a fresh Issue of 29186046 Equity Shares of the Company at an price of Rs 43.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 348 shares with bids in multiples of 348.

Manika Plastech Ltd. anticipates using the proceeds of the issue for .

Pantomath Capital Advisors Pvt. Ltd. as lead manager & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
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