Manika Plastech Limited IPO

The Company manufactures battery casings, pails, and thinwall containers, which cater to various industrial and consumer applications. The Company also manufactures pails used for packaging paints, lubricants, and industrial chemicals, while its food-grade thinwall containers are used for the packaging and distribution of dairy and edible food products. Its products are designed to provide structural strength, protection, and ease of handling throughout the expected product lifecycle.

End-to-End Solutions

Manika Plastech provides end-to-end rigid polymer packaging solutions, covering design and development, sourcing of raw materials, manufacturing, heat sealing, labelling, quality assurance, and delivery.

The Company has developed capabilities to provide customized packaging products and designs its automotive battery casings in accordance with Japanese and German technical standards, including JIS and DIN standards, to meet customer-specific product specifications and quality requirements.

Industries Served

The Company serves a diversified customer base across multiple end-user industries, including automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy, among others.

Customer Base

During the three-month period ended June 30, 2026 and the preceding three Fiscals, the Company served 168 to 242 customers across 24 states and union territories in India.

Its top 20 customers had an average relationship tenure of over 10 years as of June 30, 2026, while its long operating history of over two decades has enabled it to build relationships across multiple industries and reduce dependence on any particular customer or industry segment.

Manufacturing Facilities

The Company has 7 operating facilities, comprising 6 manufacturing facilities located in Dehradun, Hosur, Panipat, Una, and Dadra, and 1 paint facility located in Hosur.

1. Dadra: Manufactures pails and thinwall containers, serving Vadilal Industries Limited and other leading food and dairy product manufacturers.
2. Dehradun: Manufactures battery casings for customers including Livguard Energy Technologies Private Limited, Luminous Power Technologies Private Limited, Genus Innovation Limited, and HSD Batteries (India) Pvt. Ltd.
3. Hosur (Manufacturing): Produces battery casings, pails, thinwall containers, and automotive components for customers such as Luminous Power Technologies Private Limited, Kansai Nerolac Paints Limited, JSW Paints Limited, Sakthi Accumulators Private Limited, Surya Batteries, and Zunax Energy Products LLP.
4. Hosur (Painting): Provides painting of automotive components for Ultraviolette Automotive Private Limited, TVS Motor Company Limited, and other automotive component and commercial EV manufacturers.
5. Panipat: Manufactures pails and thinwall containers, with Grasim Industries Limited as a key customer.
6. Una: Manufactures battery casings, pails, and thinwall containers for customers including Livguard Energy Technologies Private Limited, Luminous Power Technologies Private Limited, and Kansai Nerolac Paints Limited.

Workforce

As of July 31, 2026, it had an employee base of 352 employees and 809 contract labourers.