Manika Plastech IPO allotment finalised: How to check status online on NSE, BSE, MUFG Intime India; listing date, time revealed

The basis of allotment for Manika Plastech Ltd was finalised on Thursday, September 17. The bid finalisation details are out on the websites of the NSE, the BSE and MUFG Intime India.

The initial public offer received 28.14 times subscription, with bids for 60,189,384,000 shares compared to 21,386,919 shares on offer, according to data available with the National Stock Exchange (NSE) website.

The quota for non-institutional investors (NIIs) was subscribed 63.09 times, and the portion for retail individual investors received 22.72 times subscription. The part for qualified institutional buyers (QIBs) was booked 10.94 times.

The IPO, with a price band of ₹40 to ₹43 per share, was a fresh issue totalling ₹92.5 crore and an offer for sale (OFS) of up to 7,674,418 equity shares worth ₹33 crore by promoter VRIDAA Holding Trust.

The funds raised will be used for capital expenditure towards the purchase of plant and machinery, repayment of certain borrowings and general corporate purposes.

"The offer is being undertaken to achieve the benefit of listing of the equity shares on the stock exchanges, enhancement of our company’s visibility amongst our existing and potential customers and creation of a public market for the equity shares in India," according to the red herring prospectus.

Manika Plastech Limited is a design-led, precision-engineered, rigid polymer packaging manufacturing firm. It caters to diversified critical industries like energy storage, paints, dairy and edible food products and chemicals.

Manika Plastech IPO allotment date and time

Manika Plastech IPO allotment status was finalised on September 17.

How to check Manika Plastech IPO allotment status on NSE

• Visit NSE's allotment status website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Pick 'MANIKA' from the 'Select Symbol' dropdown
• Enter your application number or PAN
• Click on the 'Submit' button

Steps to check Manika Plastech IPO allotment status on BSE

• Open this link: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• From the ‘Issue Name’ list, pick 'Manika Plastech Ltd'
• Add PAN or IPO application number
• Press the 'Search' button

Manika Plastech IPO allotment status online on MUFG Intime India

• Head to this page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Manika Plastech Limited’ from the IPO drop-down list
• Type in any of the following details: DP/Client ID, Application No, PAN, or Account No/IFSC
• Click on the ‘Submit’ button

Manika Plastech IPO: Listing date

Shares of Manika Plastech will be listed on the NSE and the BSE on September 21.