Manika Plastech IPO Opens with 84% Subscription; Raised Rs 37.6 Crore from Anchor Investors
Manika Plastech, a Mumbai-based plastic products manufacturer, opened its Rs 125.5-crore IPO on September 11 with a price band of Rs 40-43 per share, closing on September 16. The IPO received 84% subscription by early trading, with retail investors oversubscribing their portion. Prior to the public offering, the company raised Rs 37.6 crore from four anchor investors, including Trust Mutual Fund and Pantomath Group’s Wealth Company Alternates Trust. The funds will support capital expenditure and business expansion.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (52/100). Lens Score 49/100.
Outlets measured: moneycontrol, moneycontrol. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–55/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
moneycontrol broke this story on 10 Sept, 03:17 pm. Other outlets followed.