Manika Plastech IPO
Manika Plastech IPO is a mainboard IPO raising ₹125 Cr at ₹40 – ₹43 a share. The smallest application you can make is 348 shares, costing ₹14,964 at the top of the band. Bidding closes on 16 Sept 2026 and the shares list on 21 Sept 2026. So far it has been subscribed 1.42× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 59,87,209 | 20,98,440 | 0.35× |
| Foreign Institutional Investors | no separate quota | 0 | n/a |
| Domestic Financial Institutions | no separate quota | 0 | n/a |
| Mutual funds | no separate quota | 0 | n/a |
| Others | no separate quota | 20,98,440 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 46,19,913 | 54,95,616 | 1.19× |
| Non Institutional Investors | 30,79,942 | 17,85,588 | 0.58× |
| Corporates | no separate quota | 0 | n/a |
| Individuals | no separate quota | 17,85,588 | n/a |
| Others | no separate quota | 0 | n/a |
| Non Institutional Investors | 15,39,971 | 37,10,028 | 2.41× |
| Corporates | no separate quota | 20,532 | n/a |
| Individuals | no separate quota | 36,01,800 | n/a |
| Others | no separate quota | 87,696 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 1,07,79,797 | 2,28,37,848 | 2.12× |
| Cut Off | no separate quota | 2,11,92,852 | n/a |
| Price bids | no separate quota | 16,44,996 | n/a |
| Total | 2,13,86,919 | 3,04,31,904 | 1.42× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 11 Sept, 05:15 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 70% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.8 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.