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Proposed IPO Of equity shares Of Manjushree Technopack Limited

Written by: Diksha Kalra

Published: Sep 16, 2026

Updated: Sep 16, 2026

2 min read

Manjushree Technopack Ltd debuted on the stock exchanges on February 28, 2008, following its initial public offering (IPO).
On March 24, 2015, Manjushree Technopack Ltd voluntarily delisted from the stock exchanges as per SEBI regulations 2009.
In FY 2022, Manjushree Technopack Limited expanded its operations by acquiring two manufacturing units located in Jalgaon, Maharashtra, from Hitesh Plastics Private Limited. This acquisition allowed the company to diversify its portfolio by including caps and closures, broadening its product offerings to cater to a wider range of customers.
The company experienced a significant revenue growth of 44% in FY23, with total revenue reaching ₹2,019 crore compared to ₹1,406 crore in FY22.
Advent International, led by Shweta Jalan in India, is considering strategic options to enhance the value of Manjushree Technopak, India's largest rigid plastic packaging firm. Multiple industry sources disclosed that Advent recently sought pitches from investment banks to select an advisor for a potential divestment, aiming to sell a controlling stake in the company. Additionally, Advent was exploring the possibility of an IPO for Manjushree Technopak. The firm aims for a valuation of up to a billion dollars, owning over 98 percent of the company.
Manjushree Technopak is currently exploring options to raise capital, including an initial public offering (IPO) of equity shares. This may involve issuing new shares and selling existing ones, subject to approvals, market conditions, and compliance with regulations. If successful, the shares will be listed on both the National Stock Exchange of India Limited and BSE Limited.

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