Manika Plastech Ltd IPO

About Manika Plastech Ltd

Manika Plastech Limited (our Company or the Issuer) was incorporated under the Companies Act, 1956 as a private limited company under the name and style of `Manika Moulds Private Limited' pursuant a certificate of incorporation dated April 25, 1996 issued by the Additional Registrar of Companies, Maharashtra at Mumbai. Pursuant to an order dated December 10, 2014 passed by the Regional Director, Western Region, Mumbai, and pursuant to the resolutions passed by our Board of Directors at its meeting held on June 2, 2014 and by the Shareholders in the extra-ordinary general meeting held on June 28, 2014, the Registered Office of our Company was shifted from State of Maharashtra to State of Gujarat. Further, in order to align the name of our Company with the business operations carried out and with the main objects clause included in the Memorandum of Association, pursuant to resolutions passed by our Board of Directors at its meeting held on January 25, 2022 and by our Shareholders in the extra-ordinary general meeting held on January 28, 2022, the name of our Company 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, pursuant to resolutions passed by our Board of Directors at its meeting held on November 04, 2024 and by our Shareholders in the extra-ordinary general meeting held on November 28, 2024, our Company was converted into a public limited company, consequent to which its name was changed to `Manika Plastech Limited', and a fresh certificate of incorporation dated December 18, 2024, consequent to such conversion was issued by the Registrar of Companies, Central Processing Centre.

India is the fastest growing rigid polymer packaging market globally. The Indian rigid polymer packaging market has a large TAM, with a current size of INR 987.64 billion in FY 2024. It is projected to grow at a CAGR of 7.00%, reaching INR 1,385.22 billion by FY 2029. India's growth is driven by the country's expanding economy, rapid urbanization, and evolving consumer preferences. India's growth is driven by increasing demand from industries such as paint & lubricants, energy sector, food and beverages, personal care, e-commerce, pharmaceuticals, agrochemicals, etc., supported by a growing population and rising disposable incomes. The RPP sector plays a vital role in protecting products, enhancing their appeal, and ensuring convenience across industries.

We are 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. With focus on application specific performance, durability, product safety and efficiency, we have our product portfolio built around precision engineered solutions such as high-performance battery casings, pail & thinwall containers, each tailoring to serve industrial and consumer use cases. Our Company's products are designed and developed in-house, with 36 designs registered as unique intellectual property, out of which two have been applied for renewal, under the Designs Act, 2000.

Strengths

Risk

Strategy