New Delhi, Dec. 17 -- Park Medi World share price made a muted but negative debut in the Indian stock market today, December 17. Park Medi share price was listed on Wednesday at Rs.158 apiece on NSE, a discount of 2.5% from its issue price of Rs.162. Meanwhile, on BSE, it listed at Rs.155.60, down 3.95% from issue price.

The Park Medi IPO underperformed Street expectations, as seen from the grey market premium (GMP). The GMP for the IPO stood at Rs.5 per share, which indicated a likely listing price of around Rs.167 - translating to a premium of 3% over the upper end of the issue price band.

Park Medi IPO witnessed strong subscription in the 3 days of bidding. It was subscribed 8.53 times by the end of Day 3. The retail portion was subs...