MARC Technocrats Ltd. IPO...
12 Dec, 2025
MARC Technocrats Ltd. IPO
MARC Technocrats Ltd IPO is a book-building issue of ₹42.59 cr that comprises a fresh issue of 34.31 lakh shares (aggregate to ₹31.91 cr) and an offer for sale of 9.10 lakh shares (aggregating to ₹8.46 cr), totaling 45.79 lakh shares, including the market maker portion.
The price band is set at ₹88 to ₹93 per share and the lot size for an application is 1,200 shares (minimum 2 lots or 2,400 shares). The minimum amount for investment by an individual investor (retail) is ₹2,23,200 (2,400 shares at the upper price band). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,34,800.
The IPO will open for subscription on December 17, 2025, and closes on December 19, 2025. MARC Technocrat IPO will list on NSE SME, with a tentative listing date fixed as December 24, 2025.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt. Ltd. is the registrar of the issue.
Company Background
MARC Technocrats Limited was incorporated in August 2007 and maintains operations from its registered office in Gurgaon, Haryana. It provides infrastructure consultancy services, including supervision and quality control with the detailed project reports, technofinancial audits and pre-bid advisory services.
The company focuses on infrastructure projects such as roads and highways, railways, buildings and water resources and operates primarily on a B2G model with revenue from government departments like MoRTH, NHDCL, NHAI, PWDs and Railways.
As of December 31, 2024, the company employs 182 people on its payroll.
Operations And Product Range
MARC Technocrats Ltd. operates a service-based model providing infrastructure consultancy, including supervision and quality control, detailed project reports, techno-financial audits and pre-bid advisory services for projects in roads/highways, railways, buildings and water resources.
The company eventually follows a B2G (business-to-government) approach, generating revenue primarily from contracts with government entities such as MoRTH, NHDCL, NHAI, PWDs and Railways.
Services emphasize project management and compliance without asset-heavy operations, leveraging expertise in infrastructure sectors.
Revenue Channels
- • Consultancy fees from supervision, quality control, DPRs, project management, audits and pre-bid advisory for infrastructure projects.
- • Income from contract variations, extensions and add-on assignments with government clients.
- • No logistics fees, advertising, commissions or assurance services; purely professional fee-based model.
Management And Shareholding
Promoters And Shareholding
MARC Technocrats Ltd. is promoted by Mr. Hitender Kumar, Ms. Suman Rathee and Mr. Norang Rai Loohach, who collectively hold 99.99% pre-IPO equity. Mr. Hitender Kumar offers 9,09,600 shares via OFS at a weighted average cost of ₹0.01 per share, reducing promoter holding to 73.55% post-IPO. No institutional investors like VCs hold stakes; promoters assure SEBI minimum holding norms with applicable lock-in-periods.
Board Members
MARC Technocrats has a board including promoters as directors and independent directors, ensuring oversight of finance and governance. Key personnel comprise CFO Mr. Rohit Kumar and Company Secretary Ms. Chetna. Board committees include Audit, Nomination & Remuneration and Stakeholders Relationship for compliance and strategic guidance.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
MARC Technocrats Ltd. IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
MARC Technocrats Ltd. IPO Details
| Detail | Description |
|---|---|
| IPO Date | Wed, Dec 17, 2025 to Fri, Dec 19, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹88 to ₹93 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 45,79,200 shares (aggregating up to ₹42.59 Cr) |
| Reserved for Market Maker | 2,38,800 shares (aggregating up to ₹2.22 Cr) |
| Fresh Issue(Ex Market Maker) | (Ex Market Maker)34,30,800 shares (aggregating up to ₹31.91 Cr) |
| Offer for Sale | 9,09,600 shares of ₹10 (aggregating up to ₹8.46 Cr) |
| Net Offered to Public | 43,40,400 shares (aggregating up to ₹40.37 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,36,43,783 shares |
| Share Holding Post Issue | 1,73,13,383 shares |
MARC Technocrats Ltd. IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, Dec 17, 2025 |
| IPO Close Date | Fri, Dec 19, 2025 |
| Tentative Allotment | Mon, Dec 22, 2025 |
| Initiation of Refunds | Tue, Dec 23, 2025 |
| Credit of Shares to Demat | Tue, Dec 23, 2025 |
| Tentative Listing Date | Wed, Dec 24, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 19, 2025 |
MARC Technocrats Ltd. IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,23,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,23,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,34,800 |
| S-HNI (Max) | 8 | 9,600 | ₹8,92,800 |
| B-HNI (Min) | 9 | 10,800 | ₹10,04,400 |
MARC Technocrats Ltd. IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 99.99% |
| Promoter Holding Post Issue | 73.55% |
Competitive Strength:
- • Established track record in infrastructure consultancy across roads, highways, railways, buildings and water resources for government projects.
- • B2G-focused model with marquee clients like MoRTH, NHIDCL, NHAI, Railways and various state PWDs giving multi-year revenue visibility.
- • Strong technical capabilities in supervision, quality control, DPR preparation, project management and techno‑financial audits for large and complex projects.
- • Experienced promoters that are supported by a professional team of 180+ employees and technical staff as of December 31, 2024 while enabling execution across multiple sites.
MARC Technocrats Ltd. IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 32 | 22.14 | 3.78 | 24.16 | 1.02 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 26 | 27 | 3 | 20 | 1.05 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 21.52 | 20.57 | 2.64 | 16.92 | 0.6 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 17.86 | 20.05 | 2.67 | 14.29 | 0.08 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.51% |
| ROCE | 23.21% |
| Debt/Equity | 0.05 |
| RoNW | 18.51% |
| PAT Margin | 13.26% |
| Price to Book Value | 6.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.53 | 4.37 |
| P/E (x) | 36.76 | 21.28 |
Objective of MARC Technoctats IPO
- • Funding working capital requirements for ongoing and new infrastructure consultancy projects to support business expansion.
- • Enhancing technical capabilities through investment in manpower, training and project management systems for larger government contracts.
- • Strengthening financial position to participate in high-value tenders from MoRTH, NHAI, NHIDCL and other public sector clients.
Conclusion
MARC Technocrats Ltd represents a stable B2G infrastructure consultancy player with proven execution across government-led projects in roads, highways, railways and water resources. The IPO offers retail investors exposure to India's infrastructure growth story through a low-risk, fee-based model backed by marquee clients like MoRTH and NHAI, with strong promoter commitment post-issue. At the ₹88-93 price band, the issue provides reasonable valuation for a company with consistent project wins and technical expertise, suitable for long-term portfolios focused on public capex themes.
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Frequently asked Questions (FAQs )
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Q. What are the MARC Technocrats IPO dates and price band?
The IPO will open on December 17, 2025 and close on December 19, 2025. The price band is set at ₹88 to ₹93 per share.
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Q. Where will the MARC Technocrats IPO be listed?
MARC Technocrats IPO will be listed on the NSE SME platform, with the tentative listing date fixed as December 24, 2025.
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Q. What exactly do MARC Technocrats do?
MARC Technocrats provides infrastructure consultancy services including supervision, quality control, DPRs, audits and pre-bid advisory for roads, highways, railways, buildings and water resources projects.
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Q. How much is the MARC Technocrats IPO size and Issue type?
The IPO issue size is ₹42.59 crores (fresh issue ₹31.91 Cr + OFS ₹8.46 Cr + market maker) and the issue type is book-built.
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Q. What is the lot size of the MARC Technocrats IPO?
The lot size is 1,200 shares, with a minimum investment of ₹2,23,200 for retail investors (2 lots) at the upper price band.
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Q. How will the IPO proceeds be used?
Proceeds will fund working capital for projects, enhance technical capabilities, strengthen financial position for tenders and general corporate purposes.
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