Manika Plastech IPO
Manika Plastech IPO is a mainboard IPO raising ₹125 Cr at ₹40 – ₹43 a share. It listed on 21 Sept 2026 at ₹43, 0.0% against its issue price of ₹43, and trades at ₹45 today (+4.1% since issue). It was subscribed 28× in total.
28.1 times more demand than 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 | 6,54,79,332 | 11× |
| Foreign Institutional Investors | no separate quota | 1,91,28,516 | n/a |
| Domestic Financial Institutions | no separate quota | 7,09,224 | n/a |
| Mutual funds | no separate quota | 6,96,000 | n/a |
| Others | no separate quota | 4,49,45,592 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 46,19,913 | 29,14,69,836 | 63× |
| Non Institutional Investors | 30,79,942 | 21,64,32,336 | 70× |
| Corporates | no separate quota | 26,28,444 | n/a |
| Individuals | no separate quota | 20,74,28,880 | n/a |
| Others | no separate quota | 63,75,012 | n/a |
| Non Institutional Investors | 15,39,971 | 7,50,37,500 | 49× |
| Corporates | no separate quota | 3,09,720 | n/a |
| Individuals | no separate quota | 7,26,74,232 | n/a |
| Others | no separate quota | 20,53,548 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 1,07,79,797 | 24,49,44,672 | 23× |
| Cut Off | no separate quota | 21,89,13,576 | n/a |
| Price bids | no separate quota | 2,60,31,096 | n/a |
| Total | 2,13,86,919 | 60,18,93,840 | 28× |
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 17 Sept, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 36% 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.26 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.