Teknika Plast shares 73% below the IPO price: closing price of 22.72 lira on 30 October
Teknika Plast, floated at 85.40 lira in August, closed at 22.72 lira on 30 October; the loss from its highest close is 88.9%.
Shares in Teknika Plast (TKNKA), the rigid plastic packaging and industrial parts maker that went public in August, have fallen well below the IPO price. We covered the offering in our August story.
- IPO: Demand was collected on 12–14 August 2026 at 85.40 lira per share; trading began on 20 August. The offering was worth 2.647 billion lira and was allocated to 493,220 investors.
- Latest: The stock closed at 22.72 lira on 30 October 2026, a 73.4% loss from the IPO price.
- From the peak: The highest close was 204.70 lira; the fall from that level is 88.9%.
The source report included no statement from the company. This news is not investment advice.
What does this mean for a molder?
The share price alone does not change the company's production or investment plans; for the status of the Ambalaj 2 plant in Manisa and its 60 machines, follow the company's KAP disclosures. For the sector, the story shows how volatile market conditions can be for plastics companies planning to grow through an IPO.
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