Mumbai, Sept. 11 -- The initial public offer (IPO) of Manika Plastech was subscribed 1.42 times on the first day of bidding on Friday, 11 September 2026, according to stock exchange data at 17:00 IST. The issue received bids for 3,04,31,904 shares against 2,13,86,919 shares on offer.

The IPO will remain open for subscription until 16 September 2026. The price band has been fixed at Rs 40 to Rs 43 per share, with a minimum bid of 348 equity shares and multiples thereof.

The issue comprises a fresh issue of shares aggregating up to Rs 92.50 crore and an offer for sale of up to 76.74 lakh equity shares. At the upper price band, the OFS is worth around Rs 33 crore.

Of the proceeds from the fresh issue, Rs 54.93 crore will be used for capit...