Manika Plastech IPO Subscription Status Day 3: Issue Subscribed 29.46 Times

Authored By HDFC SKY | Published at: Sep 16, 2026 06:27 PM IST

Manika Plastech IPO Day 3 subscription reached 29.46x overall, with NII bids at 66.58x, Retail at 23.98x and QIB at 11.22x as of September 16, 2026.

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Mumbai, September 16: The Manika Plastech IPO saw bidding accelerate on the final day of the issue, taking the overall subscription to 29.46 times by the evening of September 16, 2026. The ₹125.50 crore 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 closed on September 16, 2026. The price band was fixed at ₹40 to ₹43 per share, while the lot size was 348 shares. At the upper end of the price band, the minimum retail application amounted to ₹14,964.

Manika Plastech IPO Day 3 Subscription Status

The Manika Plastech IPO was subscribed 29.46 times overall by 5:18:10 PM on September 16, 2026, based on the shares offered across investor categories.

The NII category recorded the highest subscription at 66.58 times. The Retail portion was subscribed 23.98 times, while the QIB category, excluding the anchor portion, was subscribed 11.22 times.

Investor Category	Subscription
QIB	11.22x
NII/HNI	66.58x
Retail	23.98x
Total	29.46x

Category-wise Manika Plastech IPO Subscription Status

The NII segment recorded heavy bidding on the final day, with both sub-categories receiving bids well above their respective shares on offer. The portion for applications above ₹10 lakh was subscribed 74.16 times, while applications below ₹10 lakh saw subscription of 51.42 times.

Category	Day 3 Subscription
QIB, excluding anchor	11.22x
NII	66.58x
bNII, above ₹10 lakh	74.16x
sNII, below ₹10 lakh	51.42x
Retail	23.98x
Total	29.46x

Manika Plastech Day-Wise Subscription Summary

Subscription levels rose sharply through the three-day bidding period. The IPO ended Day 1 with an overall subscription of 1.49 times, which increased to 8.78 times on Day 2. By 5:18:10 PM on September 16, the final-day figure had reached 29.46 times.

IPO Day	QIB	NII	Retail	Total
Day 1, September 11	0.36x	1.26x	2.24x	1.49x
Day 2, September 15	0.82x	11.32x	12.23x	8.78x
Day 3, September 16	11.22x	66.58x	23.98x	29.46x

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 IPO is a ₹125.50 crore book-built issue comprising 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 was set at ₹40 to ₹43 per share, with a face value of ₹2 per share. The lot size is 348 shares, making ₹14,964 the minimum retail investment at the upper end of the price band.

The IPO closed on September 16, 2026, with the shares proposed to list on 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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