This issue listed on 21 Sep 2026 — grey-market quoting band ho chuki hai. Final unofficial premium +₹1 (+2.3%) tha, actual debut +0.3% debut gain. Compare the two to judge how honest the street signal was.
Manika Plastech commands a grey-market premium of ₹1 (+2.3% of the ₹43 upper band), about ₹348 per lot of 348 shares. Street demand is cooling: the quote slipped from ₹2 to ₹1 across 3 tracked sessions — late-window weakness often precedes a soft debut. Books show 29.46x total subscription (QIB 11.22x, NII 66.58x, retail 23.98x). Institutions are carrying this issue — QIB demand near 11.22x is the smart-money leg that grey quotes usually follow, not lead. This issue has already listed — compare the debut against the premium trail above to judge how honest the street signal was.
Unofficial street quote — treat as sentiment alongside subscription breadth and fundamentals, never as a promised listing price.
| Date | GMP | Est. Gain |
|---|---|---|
| 22 Sep | +₹1 | +2.3% |
| 21 Sep | +₹1 | +2.3% |
| 20 Sep | +₹2 | +4.7% |
Est. gain = GMP as % of the upper band price (indicative listing premium).
Grey Market Premium is an unofficial, off-exchange quote. SEBI does not recognise grey-market trading; the actual listing price is decided by order-book demand on debut day.
| Price Band | ₹40 - ₹43 |
|---|---|
| Lot Size | 348 shares |
| Issue Size | ₹125 Cr |
| Opening Date | 11 Sep 2026 |
| Closing Date | 16 Sep 2026 |
| Listing Date | 21 Sep 2026 |
| Subscription | 29.46x |
The last unofficial grey market premium for Manika Plastech IPO was ₹1 (+, frozen at listing). Actual debut gain was +0.3% — compare with the premium trail above. Grey market quoting stops once an issue lists.
Grey market premium is a street quote that reacted to subscription momentum and market mood — the final unofficial premium was ₹1, frozen once the issue listed. It was never guaranteed.
No. GMP is an unofficial sentiment indicator that can change quickly. The actual listing price is decided by regular order-book demand on the exchanges on debut day. For Manika Plastech, the book stands at 29.46x overall with QIB demand at 11.22x — read that breadth next to the premium, not the premium alone.
The full report with subscription status, RHP financials, strengths and data-based analysis signal is on the Manika Plastech IPO detail page.
Read the full Manika Plastech IPO report →
Last updated: 21 Sep 2026 IST