Manika Plastech makes flat debut on the BSE
Manika Plastech has made a flat debut at Rs 43 on the BSE, same as its issue price of Rs 43.
The scrip is currently trading at lower circuit Rs. 40.86, down by 2.14 points or 4.98% from its issue price.
It has touched a high and low of Rs 43.00 and Rs. 40.86 respectively. So far 4.10 lakh shares were traded on the counter.
The offering, which was open for subscription September 11, 2026 and September 16, 2026 was subscribed 29.46 times. The issue price was fixed at Rs 43 per share i.e. at upper end of price band of Rs 40-43 apiece.
Manika Plastech is engaged in the manufacturing of rigid polymer packaging products, including battery casings, pails and thinwall containers. The company manufactures battery casings, pails and thinwall containers, which cater to various industrial and consumer applications.
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