Manjushree Technopack Limited IPO Details

Manjushree Technopak is the largest rigid plastic packaging (“RPP”) player, in terms of installed capacity in India as of March 31, 2024.
It is a one-stop packaging solutions provider with end-to-end capabilities (i.e. from design to delivery) in containers, preforms, caps and closures, pumps and dispensers, as well as in-house recycling capabilities.
The company serves customers across industries, including food and beverage, home care, personal care, alcoholic beverages, paints and adhesives, pharmaceuticals, nutraceuticals, dairy and agrochemicals.
The company also recycles post-consumer plastic waste from polypropylene (PP) and high-density polyethylene (HDPE).
In the fiscal 2024, the company served 964 customers. Varun Beverages Ltd, Dabur India Ltd, Marico Ltd, Honasa Consumer Ltd, Hershey India Pvt Ltd, Kansai Nerolac Paints, Parag Milk Foods are some of the key customers.
The company owns and operates a recycling plant with an installed capacity of 6,000 metric tons per annum.
Strengths

• Market leader in the consumer rigid plastics packaging industry
• Diversified business model with a one-stop-shop provider of packaging solutions
• Strong customer base with global, regional, and national companies
• Strategically located manufacturing facilities
• Innovation-led product and process development