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The Economic Times
The Economic Times
Business
Ritesh Presswala

Manika Plastech shares list flat at IPO price of Rs 43 on BSE, NSE

GMP IPO NSE

Shares of Manika Plastech made a lukewarm debut on Monday, listing flat at the IPO price. The stock opened at its issue price of Rs 43 apiece on both the BSE and NSE.

The listing was below unlisted market expectations, which had suggested a single-digit premium for the stock. Shares of the company were commanding a grey market premium of 5% ahead of the debut, signalling expectations of a modest positive listing gain over the issue price.

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