GENERAL7 Sept 2026
Manika Plastech IPO price band set at ₹40- ₹43 per share. Check date, size, & other key details | Stock Market News
Manika Plastech's IPO opens on 11 September and closes on 16 September. The price band is set at ₹40 to ₹43 per share. The company plans to raise ₹92.5 crore through a fresh issue, while promoter entity VRIDAA Holding Trust will sell up to 76.74 lakh shares. Proceeds will fund machinery purchase and debt repayment. Listing is expected on 21 September.
Key Statutory Highlights
- The IPO is open for subscription from 11 September to 16 September.
- The price band is ₹40 to ₹43 per share with a face value of ₹2.
- The company will allocate ₹54.9 crore for plant and machinery and ₹15 crore for debt repayment.
Actionable Advice for Taxpayers / Founders:Before applying, read the detailed IPO prospectus, check your risk appetite, and consult a registered investment advisor.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: