Comparison between MARC Technocrats IPO and Western Overseas Study Abroad IPO.
MARC Technocrats IPO is a SME Fixed Price IPO proposed to list at NSE SME while Western Overseas Study Abroad IPO is a SME Fixed Price proposed to list at BSE SME.
| MARC Technocrats IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Sobhagya Capital Options Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of MARC Technocrats IPO is up to ₹40.37 Cr whereas the issue size of the Western Overseas Study Abroad IPO is up to ₹9.56 Cr. The final issue price of MARC Technocrats IPO is ₹93.00 per share and of Western Overseas Study Abroad IPO is ₹56.00 per share.
| MARC Technocrats IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹88.00 per share | |
| Issue Price (Upper) | ₹93.00 per share | |
| Issue Price (Final) | ₹93.00 per share | ₹56.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 34,30,800 shares | 17,08,000 shares |
| Fresh Issue Size (Amount) | up to ₹31.91 Cr | up to ₹9.56 Cr |
| OFS Issue Size | 9,09,600 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹8.46 Cr | up to ₹0.00 Cr |
| Issue Size Total | 43,40,400 shares | 17,08,000 shares |
| Issue Size Total (Amount) | up to ₹40.37 Cr | up to ₹9.56 Cr |
MARC Technocrats IPO opens on Dec 17, 2025, while Western Overseas Study Abroad IPO opens on Dec 04, 2025. The closing date of MARC Technocrats IPO and Western Overseas Study Abroad IPO is Dec 19, 2025, and Dec 08, 2025, respectively.
| MARC Technocrats IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 17, 2025 | Dec 04, 2025 |
| Issue Close | Dec 19, 2025 | Dec 08, 2025 |
| Basis Of Allotment (Tentative) | Dec 22, 2025 | Dec 09, 2025 |
| Initiation of Refunds (Tentative) | Dec 23, 2025 | Dec 10, 2025 |
| Credit of Share (Tentative) | Dec 23, 2025 | Dec 10, 2025 |
| Listing date (Tentative) | Dec 24, 2025 | Dec 11, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
MARC Technocrats IPO P/E ratio is 16.97, as compared to Western Overseas Study Abroad IPO P/E ratio of 10.67.
| MARC Technocrats IPO | Western Overseas Study Abroad IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)MARC Technocrats Ltd.'s revenue increased by 80% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Western Overseas Study Abroad Ltd.'s revenue increased by 13% and profit after tax (PAT) rose by 86% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.55 | 70.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.97 | 10.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.01 Cr. | ₹33.67 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.00% | 40.18% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.63% | 37.63% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.03 | 0.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.48 | ₹5.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 31.00% | 33.86% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the MARC Technocrats IPO Retail Individual Investors (RII) are offered 21,48,000 shares while in Western Overseas Study Abroad IPO retail investors are offered 21,48,000 shares. Qualified Institutional Buyers (QIB) are offered 46,800 shares in MARC Technocrats IPO and 0 shares in Western Overseas Study Abroad IPO.
| MARC Technocrats IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 2,38,800 shares | 90,000 shares |
| QIB | 46,800 shares | 0 shares |
| NII | 21,45,600 shares | 8,54,000 shares |
| RII | 21,48,000 shares | 8,54,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 43,40,400 shares | 17,08,000 shares |
MARC Technocrats IPO subscribed 9.87x in total, whereas Western Overseas Study Abroad IPO subscribed 1.41x.
| MARC Technocrats IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| QIB (times) | 9.51x | |
| NII (times) | 8.99x | 0.39x |
| Big NII (times) | 10.18x | |
| Small NII (times) | 6.61x | |
| RII (times) | 10.75x | 2.43x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 9.87x | 1.41x |
