Manika Plastech’s initial public offering (IPO) opens for investor subscriptions on September 11, 2026, and runs for three days. NDTV reports the issue is fully subscribed, with the retail portion oversubscribed by 1.69 times. Economic Times also notes a strong grey market premium, suggesting positive investor sentiment leading up to the listing.
The company aims to raise Rs 125.5 crore through a combination of newly issued shares and sale offers. Economic Times states the funds are intended for capital expenditure, repayment of debt, and other corporate needs. NDTV adds that the price band is Rs 40–43 per share and that the valuation is about Rs 501 crore at the upper end of the range. Both outlets describe an expected stock listing date of September 21, 2026, on the NSE and BSE.
While the reports largely align on the IPO timeline, size, and stated use of proceeds, they emphasize different indicators of demand—NDTV focuses on subscription status and retail oversubscription, while Economic Times highlights grey market premium signals ahead of listing.
