Manika Plastech Shares Set for Market Debut Today
· Business · Economic Times, Business Standard
Shares of Manika Plastech are scheduled to list on the BSE and NSE today following an IPO that closed on September 16. The company set its price band at Rs 40–Rs 43 per share, and the issue was subscribed 29.5 times overall. Grey market sentiment remains subdued, with the stock commanding a premium of approximately 5%, or Rs 2 per share. The estimated listing price is expected to be around Rs 45 per share.
Why it matters
The listing provides investors with their first opportunity to trade the company's shares on the secondary market following the conclusion of the subscription period.
Read the original report — Economic Times
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