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Manika Plastech closes $17M mainboard IPO to fund machinery and debt repayment across Indian sites.
PRIVATESep 19, 2026•about 4 hours ago
Amount Raised
$17 Million
Round Type
IPO
Manufacturing
Description
Indian rigid-plastic packaging manufacturer Manika Plastech has successfully closed its mainboard IPO, raising $17 million in capital. The offering comprised a $12.6 million fresh issue for corporate expansion and a $4.48 million offer for sale from existing shareholders. The share price was set in the range of $0.54 to $0.58, with the public offer running from September 11-16, 2026. The company plans to deploy $7.46 million for new machinery and $2.04 million for debt prepayment.
Company Information
Company
Manika Plastech
About
Manika Plastech is an Indian rigid-plastic packaging manufacturer founded in 1999, producing injection-moulded battery casings, plastic pails, thinwall food-grade containers, and automotive component painting. The company operates manufacturing facilities across North, West, and South India, with recent expansions in Dadra, Panipat, and Hosur. It serves various industrial sectors with comprehensive plastic packaging solutions.
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