India, Sept. 15 -- A Dadra-based rigid packaging maker with a three-decade operating history is heading into the final stretch of its IPO bidding, and so far the response has been measured rather than frantic. The price band lands in the low double digits, the kind of range that keeps the minimum ticket size accessible, but the real story here is in how unevenly the subscription has built up and what the grey market is currently pricing in. Whether the last day brings a retail rush is still an open question.

Subscription So Far, and What a Muted Response Could Mean Unlike issues that get fully covered within hours of opening, Manika Plastech's book has filled gradually. As of the most recent update, overall subscription stood at around ...