Manjushree Technopark IPO

About Manjushree Technopark

Founded in 1983 and headquartered in Bengaluru, Manjushree Technopack is a leading Indian manufacturer of rigid plastic packaging solutions. With a converting capacity exceeding 175,000 metric tonnes annually, the company serves over 960 clients across sectors such as food and beverages, pharmaceuticals, personal care, and home care. Utilizing advanced technologies like Husky, Sacmi, and Reifenhauser, Manjushree operates nine manufacturing facilities nationwide and has expanded into sustainable practices, including a recycling plant in Karnataka and the “Born Again” initiative for circular packaging.

Financials of Manjushree Technopark

*All figures are in ₹ Crores.

Issue size

Utilisation of proceeds

Strengths

• Over four decades of experience in the rigid plastic packaging industry.
• Diverse client base with over 960 customers across multiple sectors.
• Significant annual revenue growth, with a CAGR of 20.13% from FY2022 to FY2024.
• Commitment to sustainability through initiatives like the “Born Again” recycling program.
• Utilisation of advanced manufacturing technologies, including Husky, Sacmi, and Reifenhauser systems.

Risks

• Dependence on the FMCG sector, making revenues susceptible to industry-specific downturns.
• Exposure to raw material price volatility, particularly in petroleum-based inputs.
• Environmental regulations could impact operations due to the nature of plastic manufacturing.
• High competition in the packaging industry may pressure profit margins.
• Currency fluctuations could affect profitability, given the company’s export activities.