Manika Plastech IPO

Driven by QIB demand at 10.9x and moderate disclosed risk (5/10), Manika Plastech listed at a premium of 0.0% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.

• The company claims to benefit from operating facilities and warehouses located close to key customers, including Panipat within 1 km of Grasim Industries, Pune and Jodhpur warehouses within 2 km of Jo
• The company claims that its long-standing customer relationships, proximity-based infrastructure, and extensive product approval processes create barriers for new competitors. Customer-specific approv
• The company claims to offer integrated rigid polymer packaging solutions from product design and development to mould coordination, manufacturing, quality testing, labelling and delivery. It claims to
• The company claims to operate a diversified business model, manufacturing 6,773 products across its segments through over 800 moulds. Its products cater to industries including automobiles, renewable
• The company claims to have built long-term relationships with key customers over two decades, including Luminous Power Technologies, Livguard Energy Technologies, Indigo Paints, and Jotun India. Custo

Score breakdown — what drove this verdict

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Disclosed Risk 5/10

Moderate risk from DRHP → score +0.0

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QIB Demand 10.9×

Institutional subscription → score +2.0

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Retail Demand 22.3×

Strong retail interest → score +0.5

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Listing Performance +0.0%

Actual listing outcome → score −0.5

Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →

IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.