Manika Plastech IPO GMP is an important indicator for investors tracking the upcoming public issue. The Grey Market Premium, or GMP, reflects the premium at which an IPO is reportedly being traded in the unofficial grey market before its stock market listing.
As of 9 September 2026, Manika Plastech IPO GMP stands at ₹17. The GMP was ₹20 on 8 September, showing a decline of ₹3 in one day. Based on the IPO price band of ₹40 to ₹43, the latest GMP indicates a premium of approximately 39.53% over the upper price band.
The Manika Plastech IPO is scheduled to open on September 11, 2026, and close on September 16, 2026. The issue is expected to raise approximately ₹125.50 crore.
Manika Plastech IPO GMP Today
The latest Manika Plastech IPO GMP is ₹17 as of 9 September 2026.
The grey market premium has moved from ₹20 on September 8 to ₹17 on September 9. This represents a decline of ₹3 in the latest reported session.
Based on the upper IPO price band of ₹43, the current GMP suggests an indicative premium of 39.53%.
| Date | IPO GMP | GMP Trend |
| 9 September 2026 | ₹17 | 🔴 |
| 8 September 2026 | ₹20 | 🟢 |
| 7 September 2026 | ₹- | — |
| 6 September 2026 | ₹- | — |
Manika Plastech IPO Expected Listing Price
The expected listing price can be estimated by adding the current GMP to the upper end of the IPO price band.
The Manika Plastech IPO price band is ₹40 to ₹43 per share, while the latest reported GMP is ₹17.
Using the upper price band:
₹43 + ₹17 = ₹60
Therefore, the indicative expected listing price based on the latest GMP is around ₹60 per share.
At this level, the implied gain over the upper IPO price of ₹43 would be approximately 39.53%.
Manika Plastech IPO Details
| Particulars | Particulars |
| IPO Name | Manika Plastech IPO |
| IPO Open Date | September 11, 2026 |
| IPO Close Date | September 16, 2026 |
| Face Value | ₹2 per Equity Share |
| IPO Price Band | ₹40 to ₹43 per Share |
| Issue Size | Approx. ₹125.50 Crores |
| Fresh Issue | Approx. ₹92.5 Crores |
| Offer for Sale | Approx. 76,74,418 Equity Shares |
| Issue Type | Book Build Issue |
| Listing | BSE, NSE |
| Market Lot | 348 Shares |
Manika Plastech IPO Dates
| IPO Event | IPO Event |
| IPO Open Date | September 11, 2026 |
| IPO Close Date | September 16, 2026 |
| Basis of Allotment | September 17, 2026 |
| Refunds | September 18, 2026 |
| Credit to Demat Account | September 18, 2026 |
| IPO Listing Date | September 21, 2026 |
Manika Plastech IPO Business Overview
Manika Plastech has been involved in the manufacturing of rigid polymer packaging products since its incorporation in 1996.
Its product portfolio includes battery casings, pails and thin-wall containers. These products are used across packaging, industrial and consumer applications.
The company provides polymer packaging solutions across several stages of the production process. These include product design, development, sourcing of raw materials, manufacturing, heat sealing, labelling and delivery.
According to the information available in the provided source, Manika Plastech operates seven manufacturing facilities located in Dehradun, Hosur, Panipat, Una and Dadra. It also operates one painting facility in Hosur.
The company serves customers across several industries, including automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals, food and dairy.
As of June 2026, the provided information states that the company had served customers across these different sectors.
Manika Plastech IPO Subscription and Allotment
The Manika Plastech IPO is scheduled to open on September 11 and close on September 16, 2026.
The basis of IPO allotment is scheduled for September 17. Investors who receive shares are expected to see the credit in their demat accounts on September 18, while refunds are also scheduled for the same date.
The proposed listing date is September 21, 2026.
Actual subscription figures and allotment information should be checked after the relevant updates become available. Investors should rely on official exchange and registrar information for final allotment confirmation.
Manika Plastech IPO GMP: Should You Invest?
The GMP of an IPO can provide an indication of unofficial market sentiment, but it should not be the only factor considered before investing.
A high GMP does not guarantee a strong listing. Similarly, a low or negative GMP does not necessarily determine the long-term performance of a company.
Investors should also consider the company’s business model, financial performance, valuation, issue structure, industry conditions and the information provided in the official offer documents.
For Manika Plastech, investors can study the company’s business operations and the details of the IPO before making any decision.
The Manika Plastech IPO GMP should therefore be treated as supplementary information rather than investment advice.
Important Points to Remember
Before applying for the IPO, investors should keep the following points in mind:
- The latest reported GMP is ₹17 as of September 9, 2026.
- The IPO price band is ₹40 to ₹43 per share.
- The issue is scheduled to open on September 11, 2026.
- The IPO is scheduled to close on September 16, 2026.
- The proposed listing date is September 21, 2026.
- The indicative GMP-based price is around ₹60, based on the ₹43 upper price band and ₹17 GMP.
FAQs
The reported Manika Plastech IPO GMP is ₹17 as of September 9, 2026.
The reported Manika Plastech IPO GMP was ₹20 on September 8, 2026.
Based on the latest GMP of ₹17 and the upper price band of ₹43, the indicative GMP-based price is around ₹60 per share.
The Manika Plastech IPO price band is ₹40 to ₹43 per equity share.
The proposed Manika Plastech IPO listing date is September 21, 2026, according to the provided IPO schedule.
Disclaimer
IPO Grey Market Premium figures are unofficial and can change at any time. The GMP mentioned in this article is applicable to the specific date stated in the article and should not be considered a guaranteed listing price.
Grey market transactions take place outside the official stock exchange mechanism. Investors should not make an IPO investment decision solely by looking at the GMP.
Before investing, investors should carefully review the company’s official offer documents and consider the business, financial information, valuation and associated risks.
The information provided in this article is for educational and informational purposes only and should not be considered investment advice.