Manika Plastech completes IPO raising USD 13m on Indian exchanges
Indian rigid polymer packaging maker Manika Plastech has completed an initial public offering raising USD 13m (INR 1.25bn), with shares listing on the BSE and the National Stock Exchange on 21 September 2026 at USD 0.44 (INR 43) each. The offering combined a fresh issue of USD 9.6m (INR 925m) with a sale of 7,674,418 existing shares. T&S Law acted as sole legal counsel on the transaction.
Why this mattersA listing gives a supplier of rigid polymer packaging to energy-storage and automotive customers access to equity funding at a scale rarely used in Indian packaging.
- Manika Plastech raised USD 13m (INR 1.25bn) in its IPO
- The offering comprised a fresh issue of 21,511,627 equity shares and an offer for sale of 7,674,418 existing shares, each of INR 2 face value
- The fresh issue aggregated to USD 9.6m (INR 925m)
- Shares debuted on the BSE and the National Stock Exchange on 21 September 2026 at USD 0.44 (INR 43) each
- T&S Law acted as sole legal counsel, with partner Sagarieeka leading the team
- Manika Plastech makes precision-engineered rigid polymer packaging for energy storage and automotive customers
Sources
law.asia