Manika Plastech Shares Slide After Flat IPO Market Debut

Manika Plastech sold shares to the public through an IPO.

Many investors wanted to buy the shares, so the IPO was subscribed more than 28 times.

However, the shares did not rise when trading began.

They opened at ₹43, which was the highest IPO price.

Soon afterward, the shares fell by about 5%.

This means investors did not receive an immediate profit from the listing.

The company makes strong plastic packaging for several industries.

Investors may now watch its business performance and future growth.