Marc Technocrats IPO listing: Shares debut at 20% discount, extend fall to hit lower circuit

Marc Technocrats IPO listing: Shares of Marc Technocrats made a poor debut on the NSE SME on Wednesday, December 24. Marc Technocrats shares opened at ₹74.40, a 20% discount to the issue price of ₹93. The SME stock extended its losses and hit its lower circuit of ₹70.70, a 24% fall with respect to the issue price. While grey market participants had expected the stock to list at a discount, the actual listing was even weaker than anticipated. The last grey market premium (GMP) for MARC Technocrats suggested the SME stock could list at ₹91.

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