Manika Plastech IPO GMP Today
Expected Gain: 6.98%
Manika Plastech IPO GMP Today, 16 September 2026
Manika Plastech IPO GMP today is ₹3. The latest grey market premium is reported at ₹3 on 16 September 2026.
Manika Plastech IPO has a price band of ₹40 to ₹43 per share. Based on the upper price band of ₹43 and the current GMP of ₹3, the estimated listing price is ₹46 per share.
At the current GMP, the estimated listing gain is approximately 6.98% over the IPO upper price of ₹43.
Manika Plastech IPO is scheduled to open for subscription on 11 September 2026 and close on 16 September 2026. The IPO is expected to be listed on 21 September 2026 on BSE and NSE.
The IPO comprises a fresh issue of 2,15,11,627 shares aggregating up to ₹92.50 crore and an offer for sale of 76,74,418 shares aggregating up to ₹33 crore. The total issue size is approximately ₹125.50 crore.
The latest GMP of ₹3 has decreased from the previous GMP of ₹12 reported on 15 September 2026, indicating a decline of ₹9 in the grey market premium.
The grey market premium can change before the IPO listing depending on subscription demand, market conditions and investor sentiment.
GMP is an unofficial market indicator and does not guarantee the actual listing price of the shares.
Manika Plastech IPO Expected Listing Price
IPO Upper Price Band: ₹43
Latest GMP: ₹3
Therefore, the current GMP indicates an estimated listing price of ₹46 per share.
Estimated gain over the upper IPO price: 6.98%
Manika Plastech IPO GMP Trend
Manika Plastech IPO GMP is currently reported at ₹3 as of 16 September 2026.
The latest GMP has decreased from ₹12 on 15 September 2026 to ₹3 on 16 September 2026.
Based on the latest reported GMP, the estimated listing price is ₹46 per share if the GMP remains unchanged until listing.
| GMP Date | IPO Price | GMP | Estimated Listing | Estimated Gain | Estimated Profit/Lot | Status |
|---|---|---|---|---|---|---|
| 16-Sep-2026 | ₹43 | ₹3 | ₹46 | 6.98% | ₹1,044 | Latest GMP |
| 15-Sep-2026 | ₹43 | ₹12 | ₹55 | 27.91% | ₹4,176 | Previous GMP |
| 14-Sep-2026 | ₹43 | ₹12 | ₹55 | 27.91% | ₹4,176 | GMP |
| 13-Sep-2026 | ₹43 | ₹16 | ₹59 | 37.21% | ₹5,568 | GMP |
| 12-Sep-2026 | ₹43 | ₹8 | ₹51 | 18.60% | ₹2,784 | Earlier GMP |
| 11-Sep-2026 | ₹43 | ₹15 | ₹58 | 34.88% | ₹5,220 | Earlier GMP |
* Estimated listing price is calculated using the IPO upper price band plus the reported GMP. Estimated profit per lot is calculated using GMP × lot size. Latest calculation: ₹3 × 348 shares = ₹1,044. GMP-based estimates are indicative and may differ from the actual listing price.
Manika Plastech IPO Details
| IPO Name | Manika Plastech IPO |
| Company | Manika Plastech Limited |
| IPO Type | Book Building Issue |
| Issue Size | ₹125.50 Crore |
| Fresh Issue | 2,15,11,627 Shares / ₹92.50 Crore |
| Offer for Sale | 76,74,418 Shares / ₹33 Crore |
| Exchange | BSE, NSE |
| Open Date | 11 September 2026 |
| Close Date | 16 September 2026 |
| Allotment Date | 17 September 2026 |
| Refund / Unblock Date | 18 September 2026 |
| Demat Credit | 18 September 2026 |
| Listing Date | 21 September 2026 |
| Price Band | ₹40 to ₹43 per share |
| Face Value | ₹2 per share |
| Lot Size | 348 Shares |
| Minimum Investment | ₹14,964 |
| Latest GMP | ₹3 |
| Estimated Listing Price | ₹46 |
| Estimated Gain | 6.98% |
| Estimated Profit Per Lot | ₹1,044 |
| Last GMP Update | 16 September 2026 |
| Lead Manager | Pantomath Capital Advisors Pvt. Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
Manika Plastech IPO GMP Profit Estimate
Based on the latest GMP of ₹3 and the IPO upper price band of ₹43, the estimated listing price is ₹46 per share.
| Particular | Calculation | Amount |
|---|---|---|
| IPO Investment | ₹43 × 348 Shares | ₹14,964 |
| Estimated Listing Value | ₹46 × 348 Shares | ₹16,008 |
| Estimated Gain | ₹16,008 − ₹14,964 | ₹1,044 |
If the GMP remains at ₹3 until listing, one lot of 348 shares would indicate an estimated GMP-based gain of approximately ₹1,044.
Manika Plastech IPO GMP Update
GMP Date: 16 September 2026
Latest GMP: ₹3
Previous GMP: ₹12 on 15 September 2026
GMP Change: -₹9
At the latest reported GMP of ₹3, the estimated listing price is ₹46 per share.
This represents an indicative listing gain of 6.98% over the upper IPO price of ₹43.
For one lot of 348 shares, the indicative GMP-based profit is ₹1,044.
GMP can change before the listing date and should be treated only as an unofficial indicator of market sentiment.
What Is Manika Plastech IPO GMP?
IPO GMP stands for Initial Public Offering Grey Market Premium. It represents the premium at which an IPO may be informally traded in the grey market before its official stock-market listing.
A positive GMP may indicate positive market sentiment and expectations of a premium listing. However, GMP is unofficial, unregulated and can change rapidly before the listing date.
Estimated Listing Price = IPO Upper Price Band + Latest GMP
₹43 + ₹3 = ₹46
Estimated Gain = (₹3 ÷ ₹43) × 100 = 6.98%
Estimated Profit Per Lot = ₹3 × 348 = ₹1,044
GMP should only be considered an indicative market-sentiment indicator. The actual listing price can be significantly different from the GMP-based estimate.
Manika Plastech IPO Company Overview
Manika Plastech Limited, incorporated in 1996, is engaged in manufacturing rigid polymer packaging products and related components. Its product portfolio includes battery casings, pails, thinwall containers and automotive components.
The company provides an end-to-end rigid polymer packaging solution covering product design and development, sourcing of raw materials, manufacturing, heat sealing, labelling, quality assurance and delivery.
Manika Plastech serves customers across industries including automotive, energy storage, telecom, paints, lubricants, agrochemicals, construction chemicals and food and dairy.
The company operates seven facilities, comprising six manufacturing facilities and one painting facility. Its manufacturing facilities are located across Dehradun, Hosur, Panipat, Una and Dadra, while its paint facility is located in Hosur.
As of 31 July 2026, the company had 352 employees and 809 contract labourers.
Manika Plastech IPO Financial Performance
| Particular | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹323.69 Cr | ₹320.99 Cr | ₹252.93 Cr |
| Total Income | ₹437.26 Cr | ₹412.59 Cr | ₹368.76 Cr |
| PAT | ₹22.40 Cr | ₹19.33 Cr | ₹11.53 Cr |
| EBITDA | ₹58.14 Cr | ₹45.30 Cr | ₹30.86 Cr |
| Net Worth | ₹147.62 Cr | ₹125.17 Cr | ₹107.99 Cr |
| Total Borrowing | ₹88.19 Cr | ₹97.45 Cr | ₹93.06 Cr |
The company’s total income increased from ₹412.59 crore in FY2025 to ₹437.26 crore in FY2026, representing growth of approximately 6%. Profit after tax increased from ₹19.33 crore to ₹22.40 crore, a growth of approximately 16%.
Manika Plastech IPO Financials for June 2026
| Particular | 3 Months Ended 30 June 2026 |
|---|---|
| Total Assets | ₹317.00 Cr |
| Total Income | ₹162.71 Cr |
| PAT | ₹13.07 Cr |
| EBITDA | ₹24.38 Cr |
| Net Worth | ₹156.78 Cr |
| Reserves & Surplus | ₹136.97 Cr |
| Total Borrowing | ₹92.46 Cr |
Manika Plastech IPO Key Financial Ratios
| KPI | 30 June 2026 | 31 March 2026 |
|---|---|---|
| ROE | 8.34% | 15.18% |
| ROCE | 8.34% | 18.77% |
| Debt / Equity | 0.59 | 0.60 |
| RoNW | 8.34% | 15.18% |
| PAT Margin | 8.03% | 5.12% |
| EBITDA Margin | 15.01% | 13.34% |
| NAV | ₹16.50 | ₹15.54 |
| P/B | 2.61 | 2.77 |
Manika Plastech IPO Valuation
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹2.36 | ₹4.49 |
| P/E | 18.22x | 9.58x |
| Market Cap | ₹409 Cr | ₹501 Cr |
Manika Plastech IPO Objects of the Issue
| Object | Amount |
|---|---|
| Purchase of Plant and Machinery | ₹54.93 Cr |
| Repayment / Prepayment of Borrowings | ₹15.00 Cr |
| General Corporate Purposes | Balance amount |
| Total Identified Deployment | ₹69.93 Cr |
The identified IPO proceeds are planned to support capital expenditure, reduce borrowings and meet general corporate requirements.
Manika Plastech IPO Important Dates
| IPO Event | Date |
|---|---|
| IPO Opens | 11 September 2026 |
| IPO Closes | 16 September 2026 |
| Basis of Allotment | 17 September 2026 |
| Refund / Unblocking | 18 September 2026 |
| Shares Credited to Demat | 18 September 2026 |
| Listing | 21 September 2026 |
Manika Plastech IPO GMP FAQs
What is Manika Plastech IPO GMP today?
Manika Plastech IPO GMP is ₹3 as of 16 September 2026.
What is the expected listing price of Manika Plastech IPO?
Based on the upper IPO price of ₹43 and GMP of ₹3, the
estimated listing price is ₹46 per share.
What is the expected gain from Manika Plastech IPO GMP?
The GMP of ₹3 indicates an estimated gain of approximately
6.98% over the upper IPO price of ₹43.
What is the estimated profit per lot?
With a lot size of 348 shares, the GMP-based estimated profit
is ₹1,044 per lot.
What is Manika Plastech IPO price band?
The IPO price band is ₹40 to ₹43 per share.
What is Manika Plastech IPO lot size?
The lot size is 348 shares.
When will Manika Plastech IPO open?
The IPO opens on 11 September 2026.
When will Manika Plastech IPO close?
The IPO closes on 16 September 2026.
When is Manika Plastech IPO listing?
The expected listing date is 21 September 2026 on BSE and NSE.
IPO GMP is based on unofficial grey-market indications and is provided for informational purposes only. GMP can change rapidly and does not guarantee the actual listing price or investment returns. The estimated listing price, percentage gain and profit shown above are calculated using the IPO upper price band and reported GMP. Investors should conduct their own research and due diligence before making any investment decision.