Manika Plastech IPO
GMP, Subscription, Price, Dates & Financial Details

Incorporated in 1996, Manika Plastech Limited is a manufacturer of rigid polymer packaging (RPP) products, catering to diverse industrial and consumer applications. Its product portfolio includes battery casings, pails and thinwall containers, along with automotive components.

The Company provides end-to-end packaging solutions covering product design and development, raw material sourcing, manufacturing, heat sealing, labelling, quality assurance and delivery. It also offers customized packaging solutions based on customer-specific requirements. Its automotive battery casings are designed in accordance with Japanese and German technical standards, including JIS and DIN standards, supporting stringent quality and compatibility requirements.

Manika Plastech serves customers across a wide range of industries, including automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy, among others. Its pails are used for packaging paints, lubricants and industrial chemicals, while its food-grade thinwall containers are used for dairy and other edible food products.

The Company has built a diversified customer base across India. During the three-month period ended June 30, 2026 and the preceding three Fiscal years, it served between 168 and 242 customers across 24 states and union territories. Its top 20 customers had an average relationship tenure of more than 10 years as of June 30, 2026, reflecting its established customer relationships and long operating history.

Manika Plastech operates seven facilities across India, comprising six manufacturing facilities and one painting facility. Its manufacturing facilities are located in Dadra, Dehradun, Hosur, Panipat and Una, while the painting facility is located in Hosur. The facilities manufacture battery casings, pails, thinwall containers and automotive components, while the Hosur painting facility undertakes painting of automotive components.

• Dadra: Manufactures pails and thinwall containers, serving customers in the food and dairy sector.

• Dehradun: Manufactures battery casings for customers including Livguard Energy Technologies, Luminous Power Technologies, Genus Innovation and HSD Batteries.

• Hosur – Manufacturing: Produces battery casings, pails, thinwall containers and automotive components for customers including Luminous Power Technologies, Kansai Nerolac Paints, JSW Paints, Sakthi Accumulators, Surya Batteries and Zunax Energy Products.

• Hosur – Painting: Undertakes painting of automotive components for customers including Ultraviolette Automotive, TVS Motor Company and other automotive component and commercial EV manufacturers.

• Panipat: Manufactures pails and thinwall containers, with Grasim Industries among its key customers.

• Una: Manufactures battery casings, pails and thinwall containers for customers including Livguard Energy Technologies, Luminous Power Technologies and Kansai Nerolac Paints.

The Company has also developed capabilities in design-led and precision-engineered packaging solutions, with 36 unique product designs registered under the Designs Act, 2000. As of December 31, 2024, its facilities had a combined installed capacity of 27,600 MTPA, which was planned to expand to 36,800 MTPA. During the nine months ended December 2024, battery casings, pails and thinwall containers generated revenue of ₹295.58 crore, with battery casings contributing 66.88% and pails and thinwall containers contributing 27.92%.

With its diversified product portfolio, established manufacturing footprint, customized design capabilities and long-standing customer relationships, Manika Plastech caters to critical packaging requirements across multiple end-user industries.