Manika Plastech IPO Subscription Update: Issue Subscribed 0.85x on Day 1
Information Subscription
On the first day, the Manika Plastech Limited IPO received bids for shares against shares available for subscription, according to NSE data. The retail investor category was subscribed 2.44x, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion received 1.26x and 0.36x bids, respectively, at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.36x |
| 2. | Non-Institutional Investors | 1.26x |
| 3. | Retail Individual Investors (RIIs) | 2.44x |
| - | Total | 0.85x |
Manika Plastech IPO Overview & Purpose
Manika Plastech is raising rupee 125.50 crore through a combination of a rupee 92.50 crore fresh issue and an OFS of rupee 33 crore. The price band is fixed at rupee 40–43 per share, with a lot size of 348 shares. The company plans to use part of the fresh issue proceeds for capital expenditure towards the purchase of plant and machinery and around rupee 15 crore towards repayment or prepayment of certain borrowings.
Disclaimer: The information provided is for informational purposes only and should not be considered investment advice or a recommendation to buy or sell securities.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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