New Delhi, Dec. 17 -- The initial public offering (IPO) of MARC Technocrats opened for subscription on Wednesday, December 17. The SME IPO is a combination of a fresh issue of 36.7 lakh shares and an offer for sale (OFS) of 9.1 lakh shares. Meanwhile, grey market sources say the stock is not witnessing significant buying interest in the grey market amid the IPO. The latest grey market premium (GMP) of MARC Technocrats shares indicates the stock could list at par with the issue price.

According to grey market sources, the GMP of MARC Technocrats shares was nil on Wednesday morning. This indicates the stock could list flat on the NSE SME.

By 11:20 am on Wednesday, the SME IPO had seen an overall subscription of nearly 0.16 times, with the...