Manika Plastech IPO Subscription Status
Final figures at close of bidding: 21 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 11.22x |
| NII | 66.58x |
| sNII (₹2L–₹10L) | 51.42x |
| bNII (above ₹10L) | 74.16x |
| Retail (RII) | 23.98x |
| Total | 29.46x |
Bidding day 6
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.36x | 2.55x | 0.61x | 2.24x | 1.49x |
| Day 2 | 0.36x | 2.55x | 0.61x | 2.24x | 1.49x |
| Day 3 | 0.36x | 2.55x | 0.61x | 2.24x | 1.49x |
| Day 4 | 0.36x | 2.55x | 0.61x | 2.24x | 1.49x |
| Day 5 | 0.82x | 17.27x | 8.34x | 12.23x | 8.78x |
| Day 6 | 11.22x | 51.42x | 74.16x | 23.98x | 29.46x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Demand in the Manika Plastech IPO accumulated over 6 days of bidding: overall subscription stood at 1.49× at the close of day 1, read 1.49× at the end of day 2, read 1.49× at the end of day 3, read 1.49× at the end of day 4, read 8.78× at the end of day 5, and finished at 29.46× on day 6. On the final day it was non-institutional investors (NII) driving the book, at 66.58× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 6, when the overall multiple moved from 8.78× to 29.46×.
Category detail
The QIB portion ended at 11.22×. Non-institutional investors came in at 66.58×, split 51.42× in the small-NII bucket (bids under ₹10 lakh) and 74.16× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 23.98× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 66.58× and qualified institutional buyers (QIB) at the bottom at 11.22×.
What the multiple means for allotment
Retail bids ran to about 23.98 times the shares earmarked for the category. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 348 shares — ₹14,964 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Manika Plastech IPO open and close?
- The Manika Plastech IPO opens on 11 Sept 2026 and closes on 16 Sept 2026.
- How many times was the Manika Plastech IPO subscribed?
- The Manika Plastech IPO was subscribed 29.46 times in total across all investor categories.
- What is the reservation split in the Manika Plastech IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%.