Manika Plastech IPO Subscription Status Day 2: Issue Subscribed 8.73 Times

Authored By HDFC SKY | Published at: Sep 15, 2026 06:02 PM IST

Manika Plastech IPO was subscribed 8.73 times on Day 2, with the retail portion subscribed 12.16 times, NII 11.30 times and QIB 0.82 times as of September 15, 2026.

Manika Plastech IPO Subscription Status Day 2

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Mumbai, September 15: Manika Plastech IPO is in its second day of bidding, with the issue scheduled to remain open until September 16, 2026. The bookbuilding issue has a total size of ₹125.50 crore and comprises a fresh issue of 2.15 crore shares worth ₹92.50 crore and an offer for sale of 76.74 lakh shares aggregating to ₹33 crore.

The IPO has a price band of ₹40 to ₹43 per share. By 5:29:59 PM on September 15, the issue had received bids for 17,84,35,956 shares against 2,04,30,233 shares offered to the public. The overall subscription stood at 8.73 times.

Retail investors led the reported categories with a subscription of 12.16 times. The NII portion was subscribed 11.30 times, while the QIB category stood at 0.82 times.

Manika Plastech IPO Day 2 Subscription Status

The issue gathered stronger demand across the investor categories on the second day. The retail and NII portions both crossed the 10-times mark, while the QIB segment remained below one time.

Category	Subscription
QIB (Ex Anchor)	0.82x
NII/HNI	11.30x
Retail	12.16x
Total	8.73x

Subscription data as of 5:29:59 PM on September 15, 2026.

Category-wise Manika Plastech IPO Subscription Status

Investor Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	58,37,210	48,01,000	0.82x
NII/HNI	43,77,907	4,94,55,324	11.30x
Retail	1,02,15,116	12,41,79,624	12.16x
Total Public Issue	2,04,30,233	17,84,35,956	8.73x

The issue has 87,55,813 shares reserved for anchor investors. These shares are excluded from the public issue subscription calculation.

Manika Plastech Day-Wise Subscription Summary

The IPO started with an overall subscription of 1.49 times on September 11. By September 15, the overall figure had risen to 8.73 times, with demand increasing across the retail and NII categories.

Date	QIB (Ex Anchor)	NII	NII (>₹10L)	NII (<₹10L)	Retail	Total
September 11 2026 (Day 1)	0.36x	1.26x	0.61x	2.55x	2.24x	1.49x
September 15 2026 (Day 2)	0.82x	11.30x	8.34x	17.21x	12.16x	8.73x

Manika Plastech IPO Timeline

IPO Milestone	Date
Issue Open Date	September 11 2026
Issue Close Date	September 16 2026
Basis of Allotment Date	September 17 2026
Initiation of Refunds	September 18 2026
Credit of Shares	September 18 2026
Listing Date	September 21 2026

Brief Overview Of The IPO

Manika Plastech IPO is a bookbuilding issue of ₹125.50 crore. The issue comprises a fresh issue of 2.15 crore shares aggregating to ₹92.50 crore and an offer for sale of 76.74 lakh shares worth ₹33 crore.

The price band has been fixed at ₹40 to ₹43 per share, while the lot size is 348 shares. A retail investor can apply for a minimum of one lot, requiring an investment of ₹14,964 at the upper end of the price band.

The issue has allocated 50% of the total issue size to QIBs, 15% to NIIs and 35% to retail investors. Anchor investors account for 30% of the total issue size within the QIB allocation.

Pantomath Capital Advisors Pvt. Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=MANIKA&series=EQ&type=Active

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