Alternicq Limited Unlisted Shares ( Earlier Manjushree Technopack)
Alternicq Limited ( Earlier Manjushree Technopack)
INE435H01023
Incorporation Date: 13-Nov-1987
Listing Status: DRHP Not Filed
The company filed its DRHP but later withdrew it
About Alternicq Limited Unlisted Shares ( Earlier Manjushree Technopack)
Overview of Alternicq Limited Unlisted Shares ( Earlier Manjushree Technopack)
🏢 Company Overview
- Market Leadership: Ranked #1 in India across rigid plastic preforms, closures, containers, and pumps & dispensers.
- Manufacturing Infrastructure: Operates 30 manufacturing plants strategically spread across India (including Bengaluru, IMT Manesar, Silvassa, Guwahati, and Himachal Pradesh), with a total installed processing capacity exceeding 2,75,000 MTPA.
- Sustainability Focus: Operates dedicated Post-Consumer Recycled (PCR) plastic processing facilities and a state-of-the-art innovation center in Bidadi (Bengaluru) in collaboration with IISc Bangalore.
- Credit Profile: Rated CRISIL AA- / Watch Positive, reflecting strong market dominance, PE backing, and robust cash flow generation.
⚙️ Business Model & Technology Capabilities
- Advanced Conversion Technologies:
- Injection Stretch Blow Moulding (ISBM) & EBM: Produces high-clarity PET/PP bottles, jars, and multilayer post-consumer recycled (PCR) containers.
- Continuous Compression Moulding (CCM) & IMM: Manufactures high-speed bottle closures, tamper-evident caps, and all-plastic dispensing pumps.
- Inorganic Growth & Market Consolidation Engine:
- Alternicq has systematically acquired and integrated specialized packaging players across India, including Pearl Polymers (B2B business), Classy Kontainers, Hitesh Plastics, Varahi, and the proposed integration with Pravesha Industries (PIPL).
- End-User Verticals Serviced:
- Beverages & Dairy: PET preforms, carbonated soft drink closures, juice/dairy bottles.
- Personal Care & Beauty: All-plastic pumps, bi-injection caps, and luxury cosmetics containers.
- Regulated Pharma & Healthcare: Tamper-proof medical bottles and child-resistant closures.
- Home Care & Chemicals: Agrochemical containers, paint pails, and industrial tin-cap plastic replacements.
👥 Management & Governance Structure
- Sanjay Kapote: Chief Executive Officer (CEO)
- PAG Nominee Leadership: Managed under the strategic oversight of private equity sponsor PAG, directing corporate strategy, capital allocation, and inorganic acquisitions.
- Independent & Functional Heads: Supported by functional domain heads across R&D, operations, supply chain, and sustainability (Project Earth initiative).
📦 Key Product Portfolio
| Product Vertical | Key Capabilities & Highlights | Target Sectors |
| PET Preforms & Bottles | Lightweight, high-clarity containers with up to 100% PCR capability. | Carbonated soft drinks, packaged water, juices, spirits, and edible oils. |
| Pumps & Dispensers | Industry-first patented all-plastic pumps (eliminating metal springs for 100% recyclability). | Hand washes, sanitizers, lotion, and beauty care SKUs. |
| Caps & Closures | High-precision continuous compression molded closures, tamper-evident sealing. | Dairy, beverages, paints, and construction chemicals. |
| Rigid Containers & Pails | Heavy-duty EBM/PP containers, industrial buckets, and pharma-grade bottles. | Agrochemicals, pharmaceuticals, lube oils, and home care products. |
Insights of Alternicq Limited Unlisted Shares ( Earlier Manjushree Technopack)
Alternicq Limited (Formerly Manjushree Technopack Limited) – Financial & Operational Analysis
Standalone Financial Snapshot (FY25 – FY26)
| Metric (in ₹ Cr.) | FY25 | FY26 | YoY Growth (%) | Margin FY25 (%) | Margin FY26 (%) |
Net Revenue | 2,569.83 | 2,716.75 | +5.72% | — | — |
EBITDA | 397.20 | 361.07 | -9.10% | 15.46% | 13.29% |
Profit Before Tax (PBT) | 89.81 | 27.94 | -68.89% | 3.49% | 1.03% |
PAT (Continuing Operations) | 265.15 | 46.27 | -82.55% | 10.32% | 1.70% |
Total PAT | 265.15 | 46.27 | -82.55% | 10.32% | 1.70% |
- Corporate Rebranding: Formally changed its name from Manjushree Technopack Limited to Alternicq Limited in February 2026 to reflect its evolving corporate identity and strategic vision
. - Corporate Restructuring & Mergers:
- Filed a Scheme of Amalgamation before the NCLT to merge fellow subsidiary Pravesha Industries Private Limited into Alternicq Limited to consolidate manufacturing operations
. - Approved a secondary merger scheme to amalgamate holding company Al Lenarco Midco Limited into Alternicq Limited to simplify group ownership structure.
- Business Acquisition: Completed the acquisition of the plastic closures and preforms business from Oricon Enterprises Limited (OEL) for ₹540.15 Cr, expanding its customer reach and manufacturing footprint
. - Substantial Interim Dividend: Declared and paid a 1450% interim dividend of ₹29 per equity share (face value ₹2) aggregating to ₹248.94 Cr during FY26
. - Registered Office Relocation: Shifted its registered office from Karnataka (Bengaluru) to IMT Manesar, Gurugram (Haryana) to streamline administrative oversight
. - Capital Reclassification: Converted 5.29 Cr Compulsorily Convertible Debentures (CCDs) into 85.31 lakh equity shares and allotted 40 lakh 0.001% Non-Convertible Redeemable Preference Shares (NCRPS).
Industry Insights & Trends
- Rigid Packaging & PET Demand: Sustained volume growth in rigid packaging, PET preforms, and custom containers driven by expanding FMCG, beverage, pharmaceutical, and personal care consumption in India
. - Circular Economy & PCR Mandates: Increasing regulatory compliance under Extended Producer Responsibility (EPR) guidelines is accelerating the adoption of Post-Consumer Recycled (PCR) plastics and lightweight preform designs
. - Industry Consolidation: B2B rigid packaging is undergoing consolidation as major organized players use strategic M&A to build regional manufacturing hubs, optimize freight logistics, and secure long-term contracts with global FMCG brands
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Financial Charts of Alternicq Limited Unlisted Shares ( Earlier Manjushree Technopack)
Balance Sheet of Alternicq Limited Unlisted Shares ( Earlier Manjushree Technopack)
Profit and Loss of Alternicq Limited Unlisted Shares ( Earlier Manjushree Technopack)
Ancillary of Alternicq Limited Unlisted Shares ( Earlier Manjushree Technopack)
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Alternicq Limited Unlisted Shares ( Earlier Manjushree Technopack)
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How to buy Alternicq Limited ( Earlier Manjushree Technopack)?
Below are three ways through which you can purchase Alternicq Limited ( Earlier Manjushree Technopack):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Alternicq Limited ( Earlier Manjushree Technopack), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Alternicq Limited ( Earlier Manjushree Technopack)?
Below are three ways through which you can sell Alternicq Limited ( Earlier Manjushree Technopack):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Alternicq Limited ( Earlier Manjushree Technopack), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Alternicq Limited ( Earlier Manjushree Technopack)?
We provide a two way quote on all the shares we deal in. Your buy price for Alternicq Limited ( Earlier Manjushree Technopack) is ₹777 and your sell price for Alternicq Limited ( Earlier Manjushree Technopack) is ₹690. The price is based on our estimates and market conditions.
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What is the lock-in period of Alternicq Limited ( Earlier Manjushree Technopack)?
The lock-in period for Alternicq Limited ( Earlier Manjushree Technopack) varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Alternicq Limited ( Earlier Manjushree Technopack)
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Alternicq Limited ( Earlier Manjushree Technopack)
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Alternicq Limited ( Earlier Manjushree Technopack) price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Alternicq Limited ( Earlier Manjushree Technopack). The price is also determined from the most recent funding round for Alternicq Limited ( Earlier Manjushree Technopack). This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Alternicq Limited ( Earlier Manjushree Technopack)?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Alternicq Limited ( Earlier Manjushree Technopack) with us kindly click here.
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What are the financials of Alternicq Limited ( Earlier Manjushree Technopack)?
The financials of Alternicq Limited ( Earlier Manjushree Technopack) which includes the P/L of Alternicq Limited ( Earlier Manjushree Technopack) and the Balance Sheet of Alternicq Limited ( Earlier Manjushree Technopack) is in the financials section (Click on link).
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Where can I find the annual report of Alternicq Limited ( Earlier Manjushree Technopack)?
The annual report of Alternicq Limited ( Earlier Manjushree Technopack) is available in the annual report section (Click on link).
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Is buying Alternicq Limited ( Earlier Manjushree Technopack) legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Alternicq Limited ( Earlier Manjushree Technopack)?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Alternicq Limited ( Earlier Manjushree Technopack) and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Alternicq Limited ( Earlier Manjushree Technopack) once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Alternicq Limited ( Earlier Manjushree Technopack)?
At Altius Investech, our approach to sourcing Alternicq Limited ( Earlier Manjushree Technopack) unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Alternicq Limited ( Earlier Manjushree Technopack)unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Alternicq Limited ( Earlier Manjushree Technopack) from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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