Neutral impactIPO
Manipal Payment IPO listing today: Shares trade at ₹6 discount in grey market
CNBC-TV18 2 hrs ago·17 Sept 2026, 2:31 am
Manipal Payment Systems is set to list on the stock exchanges today, marking its debut as a new public company. The company raised funds through an initial public offering (IPO), which was subscribed to by investors. The grey market, a unofficial trading space, is currently showing the shares trading at a slight discount to the issue price. This indicates that the listing price may open below the upper end of the IPO price band.
For investors, this discount is a key signal of market sentiment. A discount suggests that the IPO may have been overvalued or that investors are cautious about the company's future growth. It also highlights the difference between the valuation investors were willing to pay during the subscription phase and the price they are currently demanding for the shares.
Investors should watch the listing price closely to gauge the market's reception. A significant discount could lead to volatility in the stock's early trading sessions. It is important to remember that the grey market is just an indication and the final listing price will be determined at the opening bell. Investors should base their decisions on their own research and risk appetite.
Excerpt from CNBC-TV18
In the unlisted market, Manipal Payment shares are trading at a discount of around ₹6 to the issue price. At the upper end of the IPO price band of ₹339, this implies a potential listing price of around ₹333, or a discount of roughly 1.8%. Disclaimer: The views and investment tips expressed by investment experts on…Read the original at CNBC-TV18
Key takeaways
- Category: IPO.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
