New Delhi, Dec. 17 -- Park Medi World share price made a soft debut on the Indian stock market on December 17, opening in negative territory. The stock listed at Rs.158 per share on the NSE, marking a 2.5% discount to its issue price of Rs.162. On the BSE, Park Medi World opened even lower at Rs.155.60, a 3.95% decline from the issue price.

The stock later recovered 6.5% from its listing price, also its day's low to its day's high of Rs.165.75 on BSE.

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...