Manika Plastech IPO GMP Today: Should You Subscribe On Last Day? Check Allotment, Listing Dates

The last day for subscription of the Manika Plastech IPO is on September 16, 2026. At the time of writing, the Rs 125.50 crore IPO has received oversubscription of 8.94 times on BSE and NSE. Experts have recommended subscribing to the IPO for long-term growth visibility. Currently, the grey market premium (GMP) of Manika signals a nearly 7% premium listing on exchanges next week.

Manika Plastech IPO Subscription Status

The IPO size is Rs 125.50 crore, comprising Rs 2.15 crore of fresh issue and an offer for sale of Rs 92.50 crore. The subscription window opened on September 11, 2026, and will close on September 16, 2026. The price band for the IPO is fixed at Rs 40 to Rs 43 per share.

On Day 3, at the time of writing, Manika oversubscribed by 8.94 times on BSE and NSE. The strongest bidding came from retail investors, as the portion allotted to the category oversubscribed by 12.34 times, while the non-institutional investors (NII) category oversubscribed by 11.55 times. However, the portion kept for qualified institutional buyers (QIB) is yet to be fully subscribed, as only 80% of the total size has been bid.

Manika Plastech IPO GMP Today

As per Investor Grain, Manika Plastech IPO last GMP is Rs 3, last updated Sep 16th 2026 09:35 AM. With the upper price band of Rs 43.00, Manika Plastech IPO’s estimated listing price is Rs 46 (cap price + today’s GMP). The expected percentage gain/loss per share is 6.98%.

>> Manika Plastech IPO Retail Subject to Sauda: Rs 800

>> Manika Plastech IPO Small HNI Subject to Sauda: Rs 11200

Manika Plastech IPO Allotment, Listing Date

After the IPO’s subscription day, the company will carry allotment status on September 17, 2026. Once the allotment is out, the shares will be credited to eligible investors on September 18, 2026. The refunds to those who could not qualify will be carried on Friday as well.

Following this, the listing date for Manika IPO is fixed on September 21, since market will be closed on September 19th and 20th due to weekend holiday.

Should You Subscribe To Manika Plastech IPO On Day 3?

Manika Plastech Limited, suitable for high-risk appetite investors, is supported by improving profitability, deleveraging, and a diversified product portfolio. The company’s shift toward higher-margin thin-wall containers and battery casings has driven sustained margin expansion, with EBITDA margin improving from 8.37% in FY24 to 13.30% in FY26. Its in-house product development capabilities and 800+ customized moulds create entry barriers, support product customization, and mitigate commoditization risks, as per analysts at Kantilal Chhaganlal Securities.

With a ~39.6% three-year profit CAGR and at the Upper Band, the issue is valued at P/E 22.4x, FY26. Analysts added that post Issue (18.22 P/E, PreIPO ), the valuation appears reasonable versus listed packaging peers, offering a favorable risk-reward profile. However, investors should monitor volume growth, margin sustainability, and crude-linked polymer costs, as elevated crude prices could pressure margins in the near term.

Accordingly, they said, “As for long-term growth visibility, we recommend investors subscribe to the issue.”

MANIKA PLASTECH LIMITED is a design-led, precision-engineered, rigid polymer packaging manufacturing company, catering to diversified critical industries such as energy storage, dairy and edible food products, paints, and chemicals. The company’s products are designed and developed in-house, with 30 designs registered as unique intellectual property under the Designs Act, 2000, and the Designs Rules, 2001.

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Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as “we”). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.