Manika Plastech Files Draft IPO Papers With SEBI

Manika Plastech Ltd. has filed draft papers with the Securities and Trade Board of India to lift funds by an preliminary public providing.

The providing includes a contemporary issuance of fairness shares value Rs 115 crore and a suggestion on the market of as much as 1.5 crore shares by promoter VRIDAA Holding Belief, in accordance with the draft purple herring prospectus that was filed on Tuesday.

The Mumbai-based firm plans to allocate Rs 59.8 crore of the proceeds in direction of capital expenditure for buying plant and equipment, whereas Rs 25 crore will probably be used for debt reimbursement and basic company functions. As of Might 31, 2025, Manika Plastech’s complete debt stood at Rs 93.7 crore.

Manika Plastech specialises in design-led, precision-engineered inflexible polymer packaging, serving essential sectors equivalent to vitality storage, dairy and edible meals merchandise, paints, and chemical substances. The corporate develops its merchandise in-house, holding 36 registered designs as distinctive mental property, with two presently below renewal functions, as per the Designs Act, 2000, and the Designs Guidelines, 2001, in accordance with a report by Technopak.

Its clientele contains notable corporations equivalent to Uno Minda, Luminous Energy Applied sciences, Indigo Paints, Birla Opus, Ultraviolette, and Livguard. The agency competes with native gamers like Manjushree Technopack, SSF Plastics India, and Mould-Tek Packaging, in addition to world rivals together with TPAC Packaging India.

Manika Plastech’s shares are proposed to be listed on each the BSE and the Nationwide Inventory Trade. Pantomath Capital Advisors is appointed as the only real book-running lead supervisor, whereas MUFG Intime India serves because the registrar for the IPO.