Manika Plastech IPO GMP History
Manika Plastech IPO has been listed on September 21, 2026 at a listing price of ₹43, against the issue price of ₹43 — a gain of ₹0 (+0%). The GMP peaked at ₹20 on 7 September 2026 and reached a low of ₹1 on 21 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Manika Plastech IPO raised ₹125.5 Cr. through its IPO at a price band of ₹40 to ₹43 per share, with a lot size of 348 shares. The IPO was open for subscription from 11 Sep 2026 to 16 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 21 Sep, 6:30 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 21 Sep 2026 | ₹ 1 | — | 2.33% | — | ₹ 500 |
| 20 Sep 2026 | ₹ 1 | ▼ | 2.33% | — | ₹ 500 |
| 19 Sep 2026 | ₹ 2 | ▲ | 4.65% | — | ₹ 500 |
| 18 Sep 2026 | ₹ 1.6 | ▼ | 3.72% | — | — |
| 17 Sep 2026 | ₹ 2.25 | ▲ | 5.23% | — | — |
| 16 Sep 2026 | ₹ 2 | ▼ | 4.65% | — | — |
| 15 Sep 2026 | ₹ 3 | ▼ | 6.98% | — | — |
| 14 Sep 2026 | ₹ 11 | — | 25.58% | — | — |
| 13 Sep 2026 | ₹ 11 | ▼ | 25.58% | — | — |
| 12 Sep 2026 | ₹ 15 | ▲ | 34.88% | — | — |
| 11 Sep 2026 | ₹ 7 | ▼ | 16.28% | — | — |
| 10 Sep 2026 | ₹ 13 | — | 30.23% | — | — |
| 09 Sep 2026 | ₹ 13 | ▼ | 30.23% | — | — |
| 08 Sep 2026 | ₹ 17 | ▼ | 39.53% | — | — |
| 07 Sep 2026 | ₹ 20 | — | 46.51% | — | — |
Manika Plastech IPO dates
Key dates from opening to listing. Today is 23 October.
- Open 11 Sep 2026
- Close 16 Sep 2026
- Allotment 17 Sep 2026
- Refund/credit 18 Sep 2026
- Listing 21 Sep 2026
Manika Plastech IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹43 |
|---|---|
| GMP-based estimate (pre-listing) | ₹44 (+2.3%) |
| Listing gain / loss | +₹0 per share |
| Listing date | 21 Sep, 2026 |
| Actual listing price | ₹43 (+0%) |
Is Manika Plastech IPO GMP reliable?
Grey market premium for Manika Plastech IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Manika Plastech IPO full review for a fundamentals-based assessment before making any grey market trades.
Manika Plastech IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Manika Plastech IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹500, BHNI: ₹7000. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Manika Plastech IPO
Manika Plastech Limited was started in 1996. It makes rigid polymer packaging, which means hard plastic containers and casings rather than film or flexible packing.
It makes three main things. Battery casings are the hard plastic boxes that hold automotive batteries, and the company designs these to Japanese JIS and German DIN technical standards to meet what each customer specifies. Pails are the buckets used to pack paints, lubricants and industrial chemicals. Thinwall containers are the food grade tubs used to pack and distribute dairy products and other edible items.
The company handles the whole job in house, covering design and development, buying the raw material, manufacturing, heat sealing, labelling, quality checks and delivery. Its customers come from many industries, including automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, construction chemicals and food and dairy. Over the three months ended 30 June 2026 and the three financial years before that, it served between 168 and 242 customers across 24 states and union territories in India.
Frequently asked
What is the GMP of Manika Plastech IPO?
The current Grey Market Premium (GMP) of Manika Plastech IPO is ₹ 1.
What is the Kostak Price of Manika Plastech IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Manika Plastech IPO is not available.
What is the Subject to Sauda Price of Manika Plastech IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹500, BHNI: ₹7000.
What was the actual listing price of Manika Plastech IPO?
Manika Plastech IPO listed on September 21, 2026 at ₹43, against the issue price of ₹43 — a gain of +0%.
How did the GMP of Manika Plastech IPO trend before listing?
The GMP of Manika Plastech IPO was stable in its final days before listing. The GMP peaked at ₹20 on 7 September 2026. View the day-wise table above for the complete GMP history.
Explore Manika Plastech IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
