Manika Plastech IPO Analysis: High Subscription vs. Cooling GMP
The Manika Plastech IPO closed with a strong 28.14x subscription, led by NIIs at 63.09x. However, the GMP cooled from 26% to 7%, impacting listing gain expectations.
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The Manika Plastech IPO closed with a strong 28.14x subscription, led by NIIs at 63.09x. However, the GMP cooled from 26% to 7%, impacting listing gain expectations.
Jindal Supreme India Ltd's ₹125-crore IPO was subscribed 7.53x on Day 1, led by retail investors (11.59x). Listing is scheduled for September 23, 2026, with a price band of ₹88–₹93.