IPO Injection: Manika Plastech Moulds a ₹1.15B Future with Fresh Shares & OFS

Manika Plastech Private Limited, one of the significant players in the plastic moulding business, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its first public offering. The IPO will consist of both a fresh issue of equity shares and an offer for sale (OFS) by existing shareholders. This move is expected to improve the financial flexibility of the company and support its growth trajectory.

 

IPO Structure

About the Company

Financial Overview

Utilisation of Proceeds

What This Implicates

The IPO is a strategic decision by Manika Plastech to increase operations and strengthen its market position in the packaging and automotive plastics industry. Having a well-established customer base and stable financial history, the company is poised to attract investor interest.

 

Sources: Bloomberg: Manika Plastech Official Website, CARE Ratings,  Tofler, ZaubaCorp