Manika Plastech IPO Subscription Status Day 1: Issue Subscribed 1.49 Times

Authored By HDFC SKY | Published at: Sep 11, 2026 06:35 PM IST

Manika Plastech IPO Day 1 subscription stood at 1.49x overall, with Retail at 2.23x, NII at 1.26x and QIB at 0.36x as of 4:59:09 PM on September 11, 2026.

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Mumbai, September 11: The Manika Plastech IPO saw the issue receive bids exceeding the shares reserved for public subscription on the opening day. The ₹125.50 crore book-built IPO 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 IPO opened for subscription on September 11 and will close on September 16, 2026. The price band has been fixed at ₹40 to ₹43 per share.

Manika Plastech IPO Day 1 Subscription Status

The Manika Plastech IPO was subscribed 1.49 times overall by 4:59:09 PM on September 11, 2026, based on the shares offered across investor categories.

The Retail category recorded the highest subscription at 2.23 times. The NII segment was subscribed 1.26 times, while the QIB portion, excluding the anchor allocation, stood at 0.36 times.

Investor Category	Subscription
QIB	0.36x
NII/HNI	1.26x
Retail	2.23x
Total	1.49x

The IPO had received 55,885 applications as of the same snapshot.

Category-wise Manika Plastech IPO Subscription Status

The Retail category received bids for 2,28,14,532 shares against 1,02,15,116 shares offered, resulting in a subscription of 2.23 times. The NII segment received bids for 54,95,616 shares against 43,77,907 shares available, taking its subscription to 1.26 times.

Within the NII category, the portion for applications above ₹10 lakh was subscribed 0.61 times, while the portion for applications below ₹10 lakh recorded a subscription of 2.54 times.

Category	Day 1 Subscription
QIB, excluding anchor	0.36x
NII	1.26x
bNII, above ₹10 lakh	0.61x
sNII, below ₹10 lakh	2.54x
Retail	2.23x
Total	1.49x

Manika Plastech Day-Wise Subscription Summary

The Manika Plastech IPO recorded an overall subscription of 1.49 times on the opening day. Retail investors subscribed 2.23 times, while the NII and QIB categories stood at 1.26 times and 0.36 times, respectively.

IPO Day	QIB	NII	Retail	Total
Day 1, September 11	0.36x	1.26x	2.23x	1.49x

Manika Plastech IPO Timeline

IPO Event	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 is raising ₹125.50 crore through the IPO. 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 aggregating to ₹33 crore.

The price band has been fixed at ₹40 to ₹43 per share, with a face value of ₹2 per share. The lot size is 348 shares. Retail investors can apply for a minimum of one lot, requiring an investment of ₹14,964 at the upper end of the price band.

The IPO opened on September 11, 2026, and will close on September 16, 2026. The shares are proposed to be listed on the BSE and NSE on September 21, 2026. Pantomath Capital Advisors Pvt. Ltd. is the book running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar.

Source:

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

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