New Delhi, March 5 -- Shreenath Paper Products Limited witnessed a challenging market debut on Wednesday, March 5, 2025, as its shares listed at Rs 35.20 on the BSE SME platform, representing a significant 20 percent discount from its initial public offering (IPO) price of Rs 44 per share.

The company's IPO, which was open for subscription from February 25 to February 28, 2025, raised Rs 23.36 crore through an entirely fresh issue of 5.31 million equity shares.

Despite expectations set by grey market indicators, where unofficial trading suggested a flat price around Rs 44 per share, the actual listing fell short of these preliminary estimates.

The public offering received a moderate investor response, being oversubscribed approximately...