Manjushree Technopack India Share Price, Pre-IPO, Unlisted Shares, and Upcoming IPO Details

Manjushree Technopack Limited (MTL) is one of India’s largest rigid plastic packaging companies, supplying innovative and sustainable packaging solutions to leading FMCG, pharmaceutical, food & beverage, and consumer brands. Over the past few years, the company has gained investor attention in the unlisted and pre-IPO markets, driven by its strong financial performance, industry dominance, and growing sustainability initiatives.

In this detailed guide, we explore Manjushree Technopack India’s share price trends, unlisted shares, pre-IPO valuation, and its much-anticipated IPO.

About Manjushree Technopack Limited

Founded in 1983, Manjushree Technopack Limited has grown into a market leader in rigid plastic packaging solutions with an installed capacity of over 2,00,000 metric tonnes per annum. The company serves more than 500 clients, including global giants like Coca-Cola, Nestlé, PepsiCo, Unilever, and Dabur. Headquartered in Bengaluru, it operates manufacturing plants across India, including in Assam, Baddi, and Silvassa.

The company is backed by Advent International, a global private equity firm that acquired a majority stake in Manjushree in 2018. This partnership has accelerated MTL’s expansion into sustainable and recyclable plastic technologies.

Manjushree Technopack India Share Price Overview

The Manjushree Technopack unlisted share price has been steadily increasing in the pre-IPO market, reflecting investor confidence in the company’s growth trajectory. As of recent transactions in the unlisted market:

• Current Unlisted Share Price: ₹800 – ₹950 per share

• Face Value: ₹10 per share

• Market Capitalization (Estimated): ₹6,500+ crore

• Lot Size (Pre-IPO): 100 shares

The unlisted price has witnessed steady appreciation over the past few years, particularly after Advent International’s infusion of funds and the company’s move toward eco-friendly packaging solutions.

Investors believe that Manjushree Technopack’s strong EBITDA margins (above 18%) and its diversified clientele offer a long-term competitive advantage.

Manjushree Technopack India Pre-IPO Details

The pre-IPO shares of Manjushree Technopack are currently traded in the unlisted market, allowing early investors to participate before the company officially goes public.

Key Highlights:

• Pre-IPO Valuation: Estimated at ₹6,500 – ₹7,000 crore

• Financial Year 2024 Revenue: Approx. ₹2,000 crore

• EBITDA: ₹360 crore (approx.)

• Net Profit: ₹150 crore (approx.)

Why Investors Are Interested in Manjushree Pre-IPO Shares

1. Strong Market Leadership: Manjushree controls nearly 35–40% of India’s rigid plastic packaging market.

2. Stable Financial Growth: Consistent revenue and profit growth year-over-year.

3. Backed by Advent International: Private equity involvement ensures operational efficiency and professional governance.

4. IPO Readiness: The company has completed internal restructuring and corporate governance upgrades in preparation for IPO listing.

Pre-IPO investors are betting on a significant valuation uplift once the company lists publicly, potentially delivering 20–30% returns in the short term.

Manjushree Technopack India Unlisted Shares – How to Buy & Trade

Unlisted shares of Manjushree Technopack can be purchased through reputed unlisted share platforms or private equity brokers. These transactions are conducted off-market via demat transfer.

Steps to Buy Unlisted Shares:

1. Contact an SEBI-registered broker specializing in pre-IPO shares.

2. Negotiate price and lot size based on current market rates.

3. Complete KYC and payment through official banking channels.

4. Receive shares in demat account within 2–3 working days.

Documents Required:

• PAN Card

• Demat Account Details

• Aadhar Card / Address Proof

• Client Master Report (CMR Copy)

These unlisted shares can be held until the IPO and later converted to listed shares once trading begins on NSE/BSE.

Manjushree Technopack Financial Performance

The company’s consistent performance underscores its leadership and innovation strength in packaging.

Over the past three financial years, Manjushree Technopack Limited has showcased consistent and sustainable growth. In FY2022, the company recorded a revenue of ₹1,620 crore, which increased to ₹1,900 crore in FY2023, and is estimated to cross ₹2,000 crore in FY2024. This reflects a remarkable 23% growth over two years, highlighting strong demand and operational efficiency.

The company’s EBITDA has grown from ₹280 crore in FY2022 to ₹360 crore in FY2024 (estimated), maintaining a healthy EBITDA margin of around 18%. Despite fluctuations in raw material prices, Manjushree has successfully preserved its profitability through cost optimization and improved production efficiencies.

Net profit has also shown a steady rise—from ₹110 crore in FY2022 to an estimated ₹150 crore in FY2024—driven by better margins and higher capacity utilization. Furthermore, the company’s debt-to-equity ratio has improved significantly, dropping from 1.2x to 0.8x following Advent International’s investment, reflecting a stronger balance sheet and enhanced financial stability.

Overall, these figures underline Manjushree Technopack’s strong financial fundamentals, operational resilience, and growth readiness as it gears up for a potential IPO.

Manjushree Technopack Upcoming IPO – What to Expect

Expected Timeline

Manjushree Technopack is expected to launch its IPO in 2026, depending on market conditions and regulatory clearances from SEBI. The company has already appointed investment bankers and is reportedly finalizing the DRHP (Draft Red Herring Prospectus).

Expected IPO Size and Structure

• Fresh Issue: ₹1,000 – ₹1,200 crore

• Offer for Sale (OFS): Partial stake sale by Advent International

• Total Issue Size: ₹2,000 – ₹2,200 crore (Estimated)

The proceeds are likely to be used for capacity expansion, R&D in sustainable materials, and debt reduction.

IPO Valuation Expectation

Industry analysts expect the IPO to be priced around a P/E multiple of 25–30x, valuing the company between ₹8,000 – ₹9,000 crore upon listing.

Competitive Landscape

Manjushree Technopack competes with several packaging industry players, but it holds a unique position due to its end-to-end packaging solutions and sustainability-driven innovation.

Manjushree Technopack dominates India’s rigid plastic packaging segment with an estimated ₹2,000 crore in revenue for FY24, holding nearly 40% market share. Its extensive product range, innovation-driven approach, and deep client relationships have made it the preferred partner for major FMCG and beverage companies.

Time Technoplast, a key player in industrial packaging, reported around ₹4,000 crore in revenue during FY24, capturing approximately 20% of the market. The company’s focus lies primarily in bulk packaging, polymer products, and industrial containers catering to global and domestic industries.

Mold-Tek Packaging, on the other hand, operates in the plastic containers and packaging segment, generating about ₹800 crore in FY24 revenue and holding close to 10% market share. It is particularly known for its high-quality packaging solutions used in paints, lubricants, and food industries.

Together, these companies represent India’s growing packaging ecosystem, but Manjushree Technopack’s strong R&D investments in biodegradable plastics and recyclable PET solutions have positioned it as a front-runner in the green packaging revolution, paving the way for sustainable growth in the years ahead.

Should You Invest in Manjushree Technopack Unlisted Shares?

Investing in Manjushree Technopack unlisted shares offers an early-mover advantage before the IPO boom. Considering the company’s stable financial growth, reputed management, and strong investor backing, it represents a medium-to-long-term growth opportunity.

However, as with all unlisted equities, investors should consider liquidity constraints and perform due diligence.

Pros:

• High brand value and global clientele

• Strong financial growth trajectory

• Eco-friendly packaging initiatives

Cons:

• Limited liquidity in unlisted markets

• Regulatory and market risks before IPO

Conclusion

Manjushree Technopack Limited is a leader in India’s packaging sector, backed by a strong management team and global investors. With consistent revenue growth, innovative sustainability goals, and robust market share, it stands poised for a successful public listing.