Archive · 17 Dec 2025
Mixed IPO Reactions on BSE and NSE
Three companies, Shipwaves Online, MARC Technocrats, and Global Ocean Logistics India, recently started selling shares to the public to raise money.
Shipwaves Online's shares started at ₹12 but dropped to ₹11.40 because not many people wanted to buy them right away.
MARC Technocrats and Global Ocean Logistics India also started selling their shares, but not many people were interested in buying them either.
These companies help with shipping and infrastructure projects.
They hope to use the money raised to grow their businesses and meet their financial needs.
The stock market's reaction to these new shares has been quite mixed.
Shipwaves Online's IPO listed at ₹12 per share on the BSE SME platform on December 17, hitting the 5% lower circuit at ₹11.40 due to weak market sentiment.
MARC Technocrats' IPO opened for subscription on December 17 with a price band of ₹88 to ₹93 per share, showing minimal interest in the grey market.
Global Ocean Logistics India's IPO received 40% bids within an hour of opening, with a subscription status of 0.39 times overall as of 11:20 am.
Shipwaves Online reported a 12% revenue growth to ₹108.65 crore in FY25, with profit after tax doubling to ₹12.20 crore.
MARC Technocrats and Global Ocean Logistics India aim to use the funds raised from their IPOs for capital expenditure, working capital requirements, and general corporate purposes.
- Who
- Shipwaves Online, MARC Technocrats, and Global Ocean Logistics India
- What
- IPO listings and subscription status on BSE and NSE SME platforms
- When
- Wednesday, December 17 (listing and subscription start)
- Where
- BSE SME and NSE SME platforms, India
- Why
- To raise funds for business expansion and working capital requirements
- Shipwaves Online IPO Listing Price
- ₹12 per share
- Shipwaves Online Lower Circuit Price
- ₹11.40 per share
- Shipwaves Online Revenue (FY25)
- ₹108.65 crore
- Shipwaves Online Profit After Tax (FY25)
- ₹12.20 crore
- Shipwaves Online IPO Size
- ₹56.35 crore
- Shipwaves Online Subscription Rate
- 1.64 times
- Shipwaves Online Retail Subscription
- 3 times
- MARC Technocrats IPO Price Band
- ₹88 to ₹93 per share
- MARC Technocrats IPO Size
- ₹36.69 crore (fresh issue) + ₹9.09 crore (OFS)
- MARC Technocrats IPO Subscription Status (11:20 am)
- 0.16 times overall, 0.19 times retail, 0.13 times NII
- MARC Technocrats IPO Listing Date
- December 24
- MARC Technocrats Revenue (FY25)
- ₹47.75 crore
- MARC Technocrats Profit (FY25)
- ₹7.5 crore
- Global Ocean Logistics India IPO Price Band
- ₹74 to ₹78 per share
- Global Ocean Logistics India IPO Size
- ₹30.41 crore (fresh issue)
- Global Ocean Logistics India IPO Subscription Status (11:20 am)
- 0.39 times overall, 8% retail, 1.61 times NII
- Global Ocean Logistics India IPO Listing Date
- December 24
- Global Ocean Logistics India Revenue (FY25)
- Not explicitly stated
Sources
Shipwaves Online IPO listing: BSE SME stock hits lower circuit after flat opening; details here
MARC Technocrats IPO day 1: GMP, subscription status, price band, other details of NSE SME IPO in 10 key points
