New Delhi, Sep 16 (PTI) The initial public offer of Manika Plastech Ltd received 28.14 times subscription on the final day of bidding on Wednesday.
The company’s IPO received bids for 60,18,61,476 shares against 2,13,86,919 shares on offer, according to data available with the NSE.
The portion for non-institutional investors was subscribed 63.09 times and the category for retail investors received 22.72 times subscription. The quota for Qualified Institutional Buyers (QIBs) was subscribed 10.94 times.
The IPO has a price band of Rs 40-43 per share and has a fresh issue aggregating up to Rs 92.5 crore and an offer for sale of up to 76,74,418 equity shares.
Manika Plastech is a design-led, precision engineered, rigid polymer packaging manufacturing
company and caters to diversified critical industries such as energy storage, dairy and edible food products, paints and chemicals.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager to the offer. PTI SUM SUM VHI VHI
