Price Band has been fixed at ₹ 40 to ₹ 43 per Equity Share
· The Floor Price is 20 times and the Cap Price is 21.50 times of the face value (₹2 per share) of the Equity shares
· Bid/Offer will open on Friday, September 11, 2026 and close on Wednesday, September 16, 2026 (“Bid Dates”)
· The Anchor investor Bid/Offer Period shall be on Thursday, September 10, 2026
· Bids can be made for a minimum of 348 Equity Shares and in multiples of 348 Equity Shares thereafter (“No. of Bids”)
National | Manika Plastech (The “Company”), 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. (“Price Band”).
Bids can be made for a minimum of 348 Equity Shares and in multiples of 348 Equity Shares thereafter. (“Minimum Bid Lot”).
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 of a fresh issue aggregating up to ₹ 92.5 Crore (the “Fresh Issue”) and an Offer for Sale aggregating up to 7,674,418 equity shares (“Offer for Sale”). The face value of each equity share is ₹2.
The company proposes to utilize the net proceeds towards:
(i) Funding the capital expenditure towards 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.
This is an Offer in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in terms of Regulation 6(1) of the SEBI ICDR Regulations, wherein in terms of Regulation 32(2) of the SEBI ICDR Regulations not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion, the “QIB Portion”), provided that our Company, in consultation with the BRLM, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which, 40% shall be reserved in the following manner, (i) 33.33% shall be available for allocation to domestic Mutual Funds, and (ii) 6.67% shall be available for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the Anchor Investor Allocation Price. In the event of undersubscription in (ii) above, the allocation may be made to domestic Mutual Funds. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than Anchor Investor Portion) (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price.
However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders (“NIBs”) of which (a) one-third of portion shall be reserved for applicants with application size of more than ₹ 0.20 million and up to ₹ 1.00 million; and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹ 1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
Further, not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.
All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) (defined hereinafter) in which the Bid amount will be blocked by the SCSB or Sponsor Bank(s) as applicable to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Offer through the ASBA process.
Disclaimer:
MANIKA PLASTECH LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its Equity Shares and has filed the RHP with SEBI and filed RHP with RoC and thereafter with the Stock Exchanges on September 4, 2026. The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.manikaplastech.com and on the website of the Book Running Lead Manager (“BRLM”), i.e. Pantomath Capital Advisors Private Limited at www.pantomathcapital.com. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” on page 25 of the RHP. Potential Bidders should not rely on the DRHP filed with SEBI and the Stock Exchanges for making any investment decision and should instead rely on the RHP, for making investment decision. The Equity Shares offered in the Offer have not been and will not be registered under the United States Securities Act of 1933 ("U.S. Securities Act") or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable state securities laws. Accordingly, the Equity Shares are being offered and sold only outside the United States in `offshore transactions' in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offers and sales are made.
