Manika Plastech IPO is fully book build issue and total IPO size is ₹null crores. The entire share offering is a fresh issue worth ₹11.50 crores.
The dates for the Manika Plastech IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Manika Plastech IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Manika Plastech IPO has not been announced yet.
Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Manika Plastech Limited IPO are Pantomath Capital Advisors Private Limited.
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IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹2 Per Equity Share |
| Total Issue Size | 15,000,000 Shares + ₹12 Crores |
| Fresh Issue | ₹11.50 Crores |
| OFS Issue | 15,000,000 Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Manika Plastech Limited Company
Manika Plastech Limited: Overview
Manika Plastech is a design-led rigid polymer packaging manufacturer serving industries like energy storage, dairy, paints, and chemicals. They hold 36 registered unique intellectual property designs. Their products include battery casings, pails, and thinwall containers, catering to diverse applications in automotive, telecommunications, food, and more. Manika Plastech is an end-to-end solution provider, from design to delivery, offering customized packaging solutions aligned with industry standards.
The company boasts a diversified customer base across India and strategically locates facilities near key clients for efficient sourcing and logistics. Battery casings constituted 66.88% of revenue for the nine months ended December 31, 2024, and Pails & Thinwall Containers accounted for 27.92%. Key financial metrics include a Return on Equity of 10.70% and a Return on Capital Employed of 8.91% in FY24. The company's Working Capital Cycle was 68 days in FY24, and Inventory Turnover Ratio was 7.00. The Fixed Asset Turnover ratio was 3.04 in FY24, and the Debt-to-Equity Ratio was 0.86. Notably, the Net Cash from Operating Activities to EBITDA Ratio stood at 1.14 in FY24, highest among peers.
Manika Plastech Limited Financial Details
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 298.23 | 252.22 | 217.86 | 198.67 |
| Revenue | 295.58 | 360.77 | 396.51 | 332.82 |
| Profit After Tax | 11.69 | 11.55 | 11.32 | 9.97 |
| Net Worth | 117.39 | 107.85 | 98.26 | 89.77 |
| Reserves and Surplus | 98.39 | 88.85 | 79.26 | 70.77 |
| Total Borrowing | 100.37 | 93.06 | 62.63 | 68.08 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 1.22 | 10.70% | 11.35 | 0.86 | 10.70% | 8.91% |
Offer Objectives
The Offer comprises a fresh issue of equity shares aggregating up to ₹11.5 crore and an Offer for Sale of up to 15,000,000 equity shares. Promoters' contribution of 20% of post-offer equity is locked in for 36 months, with excess shareholding locked in for 12 months.
Lock-in Details:
- Promoters' contribution: 36 months.
- Pre-Offer capital (excluding promoters' excess): 6 months.
- Anchor Investors: 50% for 90 days, remaining 50% for 30 days.
The company intends to utilize the net proceeds for:
- Funding capital expenditure towards the purchase of plant and machinery (₹5.9821 crore).
- Repayment/pre-payment of certain borrowings (₹2.5 crore).
- General Corporate Purposes.
Estimated utilization of net proceeds will take place in fiscal year 2026.
Capital Expenditure: A significant portion of the net proceeds, ₹5.9821 crore, is allocated to purchase injection molding machines, injection stretch blow molding (ISBM) machines, and related equipment to enhance production capabilities, especially for ISBM products like bottles and containers for the personal care, cosmetic, beverage, and pharmaceutical sectors. This will allow the company to manufacture various plastics material such as PET, PP, HDPE and rPET.
Company Details
Address:
Gala Number C/22-26, First Tax Free Industrial Estate, Silvassa Khanvel Road, Village Saily, Silvassa 396 230, Dadra & Nagar Haveli, India
Phone: +91 260 297 7910, +91 22 4223 4300
Email: [email protected]
Website: http://www.manikaplastech.com
IPO Registrar Details
MUFG Intime India Private Limited
Phone: +91 810 811 4949
Email: [email protected]
Website: https://in.mpms.mufg.com/
Offer Prospectus & Documents
Lead Managers
- Pantomath Capital Advisors Private Limited
