Marc Technocrats Shares Plunge 20% on Weak Market Debut

• Marc Technocrats shares debuted at Rs 74.40 on NSE Emerge, a 20% discount to its SME IPO price of Rs 93.
• The weak listing missed muted grey market estimates, which had fallen from a 4.3% premium to a 2% discount.
• The IPO, which raised Rs 42.59 crore, was subscribed over 9 times, with retail investors booking nearly 11 times their portion.
• The company provides infrastructure consultancy services and plans to use IPO proceeds for capital expenditure and working capital.

Why It Matters: Despite strong IPO subscription, Marc Technocrats shares debuted at a significant 20% discount.