MARC Technocrats IPO Opens Today: Price Band Set at ₹88-₹93 Per Share 

Mumbai, 17 December 2025:  The ₹42.59 crore book-built MARC Technocrats Limited IPO has been opened for subscription Status today, 17 December 2025, marking the company’s entry into the public markets through the NSE SME platform. The issue will remain open until 19 December 2025. 

Incorporated in August 2007, MARC Technocrats Limited is an India-based infrastructure consultancy firm offering project supervision, quality control, detailed project reports, and techno-financial audit services. Operating on a business-to-government (B2G) model, it serves clients such as MoRTH, NHAI, NHIDCL, state PWDs, and the Railways 

MARC Technocrats ₹42.59 Crore IPO Details: ₹88-₹93 Price Band, 1,200-Share Lot Size  

MARC Technocrats IPO is a book build issue of ₹42.59 crores. The issue is a combination of fresh issue of 0.37 crore shares aggregating to ₹34.13 crores and offer for sale of 0.09 crore shares aggregating to ₹8.46 crores. 

The IPO opens today, December 17, 2025, for subscription status closes on December 19, 2025. The allotment for the MARC Technocrats IPO is expected to be finalised on December 22, 2025. MARC Technocrats IPO will list on NSE SME with a tentative listing date fixed as Dec 24, 2025. 

The IPO price band is set at ₹88.00 to ₹93.00 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,23,200.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,34,800. 

Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt. Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt. Ltd. 

MARC Technocrats Retail and HNI Investors Account for Over 93% of Net Shares on Offer 

Out of the total issue size, 21,48,000 shares (46.91%) have been reserved for retail individual investors, while 21,45,600 shares (46.86%) are allocated to non-institutional investors. Qualified institutional buyers have been allotted 46,800 shares (1.02%), reflecting the SME-focused investor mix typical of such offerings. After excluding market maker shares, the net issue to the public stands at 43,40,400 shares aggregating to ₹40.37 crore. 

MARC Technocrats Revenue Rises 80% and PAT Jumps 117% in FY25  

The company reported a strong financial performance in the year ended 31 March 2025, with total income increasing 80% to ₹48.56 crore from ₹26.94 crore in FY24. Profit after tax rose 117% year-on-year to ₹7.48 crore, supported by higher execution volumes and operating leverage. For the six months ended 30 September 2025, total income stood at ₹32.64 crore, while PAT reached ₹5.76 crore, indicating sustained operational momentum in the first half of the fiscal year. 

MARC Technocrats Margins and Returns Improve as Debt Remains Low at 0.03 Debt-Equity 

Operating efficiency improved during FY25, with EBITDA margin at 21.68% and PAT margin at 15.66%. Return metrics remained robust, with return on equity (ROE) at 31.00% and return on capital employed (ROCE) at 35.63%. The company maintained a conservative balance sheet, reflected in a debt-to-equity ratio of 0.03, while net worth increased to ₹27.85 crore as of March 2025. 

MARC Technocrats Promoter Holding to Decline to 73.55% Post Issue from Near-Total Ownership 

Prior to the IPO, promoters collectively held 99.99% of the company’s equity. Following the issue, promoter shareholding is expected to reduce to 73.55%, reflecting equity dilution associated with the fresh issue and offer for sale. The promoters of the company are Mr. Hitender Kumar, Ms. Suman Rathee, and Mr. Norang Rai Loohach. 

MARC Technocrats IPO Susbcription Status at 0.13 times on Day 1 So Far (10:44 AM) 

As of 10:44 AM on 17 December 2025 (Day 1), the MARC Technocrats IPO recorded an overall subscription of 0.13 times. The retail individual investors (RII) segment was subscribed 0.13 times, with bids received for 2,80,800 shares against 21,48,000 shares on offer, amounting to ₹2.61 crore across 117 applications. The non-institutional investors (NII) category also saw 0.13 times subscription, driven entirely by bNII bids above ₹10 lakh, while the qualified institutional buyers (QIB) segment recorded no bids during the early hours of trading. 

The MARC Technocrats IPO schedule outlines key dates for subscription, allotment, refunds, and listing over the coming week. Applicants should track official communications from the registrar and stock exchange platforms for allotment status, demat credit, and listing-related updates while ensuring compliance with timelines and application requirements. 

Source: https://www.nseindia.com/market-data/issue-information?symbol=MARC&series=SME&type=Active

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