Manika Plastech IPO to open on September 11

Ahmedabad: Manika Plastech shall open the Bid/Offer in relation to its Initial Public Offer of Equity Shares on Friday, September 11, 2026. The Price Band of the Offer has been fixed at ₹40 to ₹43 per Equity Share. Bids can be made for a minimum of 348 Equity Shares and in multiples of 348 Equity Shares thereafter, a press release said.

As per the company, the Anchor Investor Bidding Date shall be Thursday, September 10, 2026. The Bid/Offer shall open on Friday, September 11, 2026, and Bid/Offer shall close on Wednesday, September 16, 2026.

The offer comprises a fresh issue aggregating up to ₹92.5 crore and an Offer for Sale aggregating up to 7,674,418 equity shares. The face value of each equity share is ₹2.

The company proposes to utilise the net proceeds towards:
(i) Funding the capital expenditure towards the purchase of plant and machinery;
(ii) Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company; and
(iii) General Corporate Purposes.

The Equity Shares to be offered through this Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”). For the purposes of the Offer, BSE is the Designated Stock Exchange.

Pantomath Capital Advisors Private Limited is the book-running lead manager to the Offer. DeshGujarat