Manika Plastech Share Price

Manika Plastech Limited was incorporated as a private Company under the name and style of Manika Moulds Private Limited' dated April 25, 1996 issued by the Additional Registrar of Companies, Mumbai. Further, the Company name was changed to Manika Plastech Private Limited' and a fresh certificate of incorporation dated April 25, 2022 was issued by the Registrar of Companies, Gujarat at Ahmedabad. Subsequently, status was converted into a public Company, consequent to which its name was changed to Manika Plastech Limited', and a fresh certificate of incorporation dated December 18, 2024, was issued by the Central Processing Centre. Manika Plastech is a design-led, precision engineered, rigid polymer packaging manufacturing company, catering to diversified critical industries such as energy storage, dairy and edible food products, paints, and chemicals. Company undertakes production in injection moulded, rigid polymer components, such as precision battery casings that are integral to the performance and durability of energy storage systems. While pails serve packaging needs across paints, lubricants, and industrial chemicals, the food grade thinwall containers are used for secure packaging and distribution of dairy and edible products. The Company had commenced its manufacturing operations through the unit situated at Saily (Dadra and Nagar Haveli and Daman and Diu) in year 1999. Over the years, it has expanded by periodically setting up additional Operating Facilities at various locations. In 2008, it expanded manufacturing unit in Dehradun, set up production unit in Hosur in 2010; diversified the business by adding paint pails in 2012; set up a unit in Una in 2017, further established an additional unit in Dehradun in 2021, set up production unit in Dadra in 2023 followed by diversification of products through thinwall containers in 2023; set up Painting facility in Hosur in 2024 and then in Panipat in 2024. Company is planning the initial public issue to raise capital aggregating to Rs 115 Crore equity shares having the face value of Rs 2/- each through fresh issue and by issuing 15,000,000 equity shares via offer for sale.