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Manika Plastech shares make flat market debut, list at par with IPO price

Manika Plastech shares make flat market debut, list at par with IPO price Manika Plastech shares listed flat at ₹43 on both BSE and NSE. The issue was subscribed 28. Listen to This Article ManikaPlastech shares made a flat debut on the exchanges on Monday as they listed at the IPO price, in-line the grey market expectations. ManikaPlastech shares listed flat at ₹43 on both BSE and NSE Ahead of the debut, ManikaPlastech IPO’s grey market premium (GMP) was trading at a marginal premium of 2. 22 per cent at ₹1, indicating a listing price of ₹44 per share.

Why it matters

The debut shows investor confidence and provides capital for Manika Plastech's expansion in the packaging sector.

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