New Delhi, Sept. 7 -- Mumbai-based plastic products manufacturer Manika Plastech has announced the price for its upcoming initial public offering. The price band has been set at Rs.40- Rs.43 per share, with a face value of Rs.2.

The upcoming IPO will open for subscription on 11 September and close on 16 September.

The company plans to raise Rs.92.5 crore through a fresh issue of equity shares, while promoter entity VRIDAA Holding Trust will sell up to 76.74 lakh shares via an offer for sale (OFS).

The anchor bidding window for institutional investors will remain open for one day on September 10. The company is expected to finalise the share allotment by September 17, with its equity shares likely to be listed on the stock exchanges fro...