Manika Plastech IPO Day 1: Subscription Opens Today, 11 September 2026
- September 11, 2026
- Posted by: Harsh Piplani
- Category: IPO
Manika Plastech IPO opens today, 11 Sep 2026, closes 16 Sep 2026. Price band Rs 40-43. Lot size 348 shares. Lists on NSE and BSE on 21 Sep.
Quick Answer
The Manika Plastech IPO opens for subscription today, 11 September 2026, and will remain open until 16 September 2026. Manika Plastech Limited is a design-led, precision engineered rigid polymer packaging manufacturer, and is raising about Rs 125.50 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 40 to Rs 43 per share, with a lot size of 348 shares, and the shares are proposed to list on both NSE and BSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.
Manika Plastech Limited, incorporated in 1996 and based in Mumbai, has opened its IPO for subscription today, 11 September 2026. The Manika Plastech IPO is a mainboard, book built issue worth about Rs 125.50 crore, comprising a fresh issue of shares worth Rs 92.50 crore and an offer for sale of about 76.74 lakh shares worth Rs 33.00 crore by promoter entity VRIDAA Holding Trust, and will remain open for bidding until 16 September 2026, a six day window spanning the coming weekend. The equity shares are proposed to be listed on both NSE and BSE.
The company manufactures rigid polymer packaging products, including battery casings, pails and thinwall containers, catering to diversified critical industries such as energy storage, dairy and edible food products, paints and chemicals. Manika Plastech operates seven manufacturing facilities and holds 30 registered product designs as intellectual property, and the fresh issue proceeds of the Manika Plastech IPO are earmarked mainly for capital expenditure on plant and machinery.
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Manika Plastech IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 11 September 2026 |
| Close Date | 16 September 2026 |
| Face Value | Rs 2 per share |
| Price Band | Rs 40 to Rs 43 per share |
| Lot Size | 348 shares |
| Issue Size | Rs 125.50 crore |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Allotment Date | 17 September 2026 |
| Listing Date | 21 September 2026 |
Manika Plastech IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 14,964 (1 lot, 348 shares) |
| Maximum retail application | Rs 1,94,532 (13 lots, 4,524 shares) |
| Registrar | MUFG Intime India Pvt Ltd |
| Lead Manager | Pantomath Capital Advisors Pvt Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Manika Plastech IPO Share Reservation
The issue follows the standard SEBI reservation framework for a book built mainboard issue, with allocations for qualified institutional buyers, non-institutional investors and retail individual investors. Retail bidders can apply for a minimum of 1 lot, or 348 shares, and up to 13 lots, or 4,524 shares.
Manika Plastech IPO Subscription Status Day 1
Bidding for the issue has opened today, 11 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids typically build closer to the final day of a book built mainboard issue.
| Investor Category | Subscription Status, Day 1 (11 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Manika Plastech IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 40 to Rs 43 band, in multiples of 348 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 16 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Manika Plastech Limited
Manika Plastech Limited, incorporated in 1996 and based in Mumbai, manufactures rigid polymer packaging products, including battery casings, pails used for packaging paints and lubricants, and food grade thinwall containers used for packaging and distribution. Battery casings alone contributed over half of the company’s revenue from operations in Fiscal 2026, and the company has grown both revenue and profit ahead of the issue.
Conclusion
The issue has opened for bidding today, 11 September 2026, backed by a diversified rigid packaging business serving critical industrial applications. Investors considering the issue should study the company financials, customer concentration and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Manika Plastech IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 11 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE and BSE as the day progresses.
When does the Manika Plastech IPO open and close?
Ans. The issue opened for subscription today, 11 September 2026, and will close on 16 September 2026, a six day window that spans the coming weekend.
What is the Manika Plastech IPO price band and lot size?
Ans. The issue price band is Rs 40 to Rs 43 per share, with a lot size of 348 shares. Retail investors must apply for a minimum of 1 lot, taking the minimum investment to about Rs 14,964 at the upper price band, and can apply for up to 13 lots, or 4,524 shares, worth about Rs 1,94,532.
What is the issue size and structure of the Manika Plastech IPO?
Ans. The issue is worth about Rs 125.50 crore, comprising a fresh issue of shares worth Rs 92.50 crore and an offer for sale of about 76.74 lakh shares worth Rs 33.00 crore by promoter entity VRIDAA Holding Trust.
How are shares reserved across investor categories in the Manika Plastech IPO?
Ans. The issue follows the standard SEBI reservation framework for a book built mainboard issue, with allocations for qualified institutional buyers, non-institutional investors and retail individual investors.
What is the Manika Plastech IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Manika Plastech IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 348 shares and your price within the Rs 40 to Rs 43 band, then approve the UPI mandate request on your phone before the daily cut off.
When will the Manika Plastech IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 17 September 2026, and the shares are tentatively scheduled to list on both NSE and BSE on 21 September 2026.
What does Manika Plastech Limited do?
Ans. Manika Plastech Limited manufactures rigid polymer packaging products, including battery casings, pails and food grade thinwall containers, serving industries such as energy storage, dairy, edible food products, paints and chemicals.
Who are the registrar and lead manager for the Manika Plastech IPO?
Ans. MUFG Intime India Pvt Ltd is the registrar for the issue, and Pantomath Capital Advisors Pvt Ltd is the book running lead manager for the issue.
