Veegaland Developers vs Manika Plastech IPO Comparison
IPO Price, GMP, Lot Size, Investment, Listing Gain & Key Details
Veegaland Developers IPO vs Manika Plastech IPO: Investors looking at the current IPO market have two notable mainboard issues to compare. Veegaland Developers IPO is priced at ₹130–₹140 per share, while Manika Plastech IPO has a price band of ₹40–₹43 per share.
Based on the latest grey market premium (GMP) available on 14 September 2026, Veegaland Developers has a GMP of ₹15, while Manika Plastech has a GMP of ₹12. GMP is unofficial and can change before listing.
Veegaland Developers vs Manika Plastech IPO – Key Comparison
| Details | Veegaland Developers | Manika Plastech |
|---|---|---|
| IPO Type | Mainboard | Mainboard |
| IPO Size | ₹210 Crore | ₹125.50 Crore |
| Price Band | ₹130 – ₹140 | ₹40 – ₹43 |
| Lot Size | 107 Shares | 348 Shares |
| Minimum Investment | ₹14,980 | ₹14,964 |
| Latest GMP | ₹15 | ₹12 |
| GMP Gain | 10.71% | 27.91% |
| Estimated Listing Price | ₹155 | ₹55 |
| Estimated Profit / Lot | ₹1,605 | ₹4,176 |
| IPO Open Date | 10 September 2026 | 11 September 2026 |
| IPO Close Date | 15 September 2026 | 16 September 2026 |
| Expected Listing Date | 18 September 2026 | 21 September 2026 |
GMP Comparison – 14 September 2026
On 14 September 2026, Veegaland Developers IPO GMP is reported at ₹15, implying an estimated listing price of ₹155 against the upper IPO price of ₹140. This indicates a potential GMP-based gain of approximately 10.71%.
Manika Plastech IPO GMP is reported at ₹12, implying an estimated listing price of ₹55 against the upper price band of ₹43. This represents a potential GMP-based gain of approximately 27.91%.
| GMP Parameter | Veegaland Developers | Manika Plastech |
|---|---|---|
| GMP Today | ₹15 | ₹12 |
| Upper Price Band | ₹140 | ₹43 |
| Estimated Listing | ₹155 | ₹55 |
| Expected GMP Gain | 10.71% | 27.91% |
| Estimated Profit Per Lot | ₹1,605 | ₹4,176 |
Veegaland Developers IPO – Key Points
- Price band: ₹130–₹140 per share.
- Lot size: 107 shares.
- Minimum investment: ₹14,980.
- Issue size: approximately ₹210 crore.
- Latest GMP: ₹15 on 14 September 2026.
- Estimated listing price: ₹155.
- GMP-based expected gain: 10.71%.
- Estimated profit per lot: ₹1,605.
- IPO closes on 15 September 2026.
- Expected listing date: 18 September 2026.
Veegaland Developers is a Kerala-based real estate development company involved in residential, commercial and mixed-use projects. The company says it has completed 10 residential projects, with additional projects ongoing and upcoming.
Manika Plastech IPO – Key Points
- Price band: ₹40–₹43 per share.
- Lot size: 348 shares.
- Minimum investment: ₹14,964.
- Issue size: approximately ₹125.50 crore.
- Fresh issue: approximately ₹92.50 crore.
- Latest GMP: ₹12 on 14 September 2026.
- Estimated listing price: ₹55.
- GMP-based expected gain: 27.91%.
- Estimated profit per lot: ₹4,176.
- IPO closes on 16 September 2026.
- Expected listing date: 21 September 2026.
Manika Plastech manufactures rigid polymer packaging products including battery casings, pails and thin-wall containers. The company operates multiple manufacturing facilities and serves customers across several industries.
Investment Comparison
| Factor | Veegaland Developers | Manika Plastech |
|---|---|---|
| Minimum Capital | ₹14,980 | ₹14,964 |
| GMP | ₹15 | ₹12 |
| GMP Percentage | 10.71% | 27.91% |
| Expected Profit / Lot | ₹1,605 | ₹4,176 |
| Issue Size | ₹210 Cr | ₹125.50 Cr |
| Business Sector | Real Estate | Polymer Packaging |
Veegaland Developers vs Manika Plastech – Which IPO Looks Better?
Based purely on the 14 September 2026 GMP, Manika Plastech currently has the stronger listing-gain indication.
- For higher GMP-based percentage gain: Manika Plastech.
- For higher estimated profit per lot: Manika Plastech.
- For larger IPO size: Veegaland Developers.
- For real-estate exposure: Veegaland Developers.
- For polymer packaging exposure: Manika Plastech.
- For GMP-based listing potential: Manika Plastech.
Therefore, if the decision is based only on current GMP and estimated listing gain, Manika Plastech has the edge. However, GMP is unofficial and can change rapidly before listing, so investors should also consider valuation, financial performance, subscription data, business risks and the company’s fundamentals before applying.
Grey Market Premium is an unofficial market indicator and is not a guaranteed listing price. The actual listing price may be significantly different from the GMP-based estimate.
