MARC Technocrats IPO

₹1,05,600/1,200 shares

Minimum Investment

IPO Details

Open Date

17 Dec 25

Close Date

19 Dec 25

Minimum Investment

₹1,05,600

Lot Size

1,200

Price Range

₹88 to ₹93

Listing Exchange

NSE

Issue Size

₹42.59 Cr

Listing Date

24 Dec 25

Open Free Demat Account

MARC Technocrats IPO Timeline

Bidding Start

17 Dec 25

Bidding Ends

19 Dec 25

Allotment Finalisation

22 Dec 25

Refund Initiation

23 Dec 25

Demat Transfer

23 Dec 25

Listing

24 Dec 25

MARC Technocrats Limited

Incorporated in August 2007, MARC Technocrats Limited provides infrastructure consultancy services including supervision, quality control, detailed project reports, techno-financial audits, and pre-bid advisory. The company serves infrastructure projects such as roads, highways, railways, buildings, and water resources, primarily operating on a B2G model. Its major clients include government departments and ministries like MoRTH, NHIDCL, NHAI, PWDs, and Railways. The company employs 182 professionals and offers end-to-end project services from concept to commissioning.

MARC Technocrats Limited IPO Overview

MARC Technocrats IPO is a book building issue of ₹42.59 Crores, combining a fresh issue of 0.3431 crore shares worth ₹31.91 Crores and an offer for sale of 0.09096 crore shares worth ₹8.46 Crores. The IPO opens on 17 December 2025 and closes on 19 December 2025, with allotment expected on 22 December 2025 and tentative listing on 24 December 2025 at NSE SME. The price band is set at ₹88 to ₹93 per share, with a lot size of 1,200 shares. Narnolia Financial Services Ltd. is the lead manager and Maashitla Securities Pvt. Ltd. is the registrar. Retail investors require a minimum investment of ₹2,23,200.

MARC Technocrats Limited IPO Details

Particulars	Details
IPO Date	17 Dec 2025 to 19 Dec 2025
Listing Date	24 Dec 2025
Face Value	₹10 per share
Price Band	₹88 to ₹93 per share
Lot Size	1,200 Shares
Total Issue Size	45,79,200 shares (₹42.59 Cr)
Fresh Issue	34,30,800 shares (₹31.91 Cr)
Offer for Sale	9,09,600 shares (₹8.46 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
Market Maker Portion	2,38,800 shares

MARC Technocrats Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of Net Issue
Retail	Not less than 35% of Net Issue
NII (HNI)	Not less than 15% of Net Issue

MARC Technocrats Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,23,200
Retail (Max)	2	2,400	₹2,23,200
HNI (Min)	3	3,600	₹3,34,800
HNI (Max)	8	9,600	₹8,92,800
B-HNI (Min)	9	10,800	₹10,04,400

MARC Technocrats Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	99.99%
Post-Issue	73.55%

MARC Technocrats Limited IPO Valuation Overview

KPI	Value
EPS	2.53 (Pre-IPO), 4.37 (Post-IPO)
Price/Earnings (P/E) Ratio	36.76 (Pre-IPO), 21.28 (Post-IPO)
Return on Net Worth (RoNW)	18.51%
Net Asset Value (NAV)	17.71
Return on Equity (ROE)	18.51%
Return on Capital Employed (ROCE)	23.21%
EBITDA Margin	13.26%
PAT Margin	13.26%
Debt to Equity Ratio	0.05

Objectives of the Proceeds

Fund capital expenditure for equipment and machinery: ₹10.25 Cr

Meet working capital requirements: ₹17.50 Cr

General corporate purposes: remaining funds

Key Financials (₹ Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	32.1	26.46	21.52
Revenue	22.14	26.94	20.57
Profit After Tax	3.78	3.45	2.64
Reserves and Surplus	10.52	10.63	7.18
Total Borrowings	1.02	1.05	0.6

SWOT Analysis of MARC Technocrats IPO

Strength and Opportunities

Experienced management team
Comprehensive infrastructure services
Strong client relationships
Recognised certifications and accreditations
Strategic project execution capabilities

Risks and Threats

High dependence on government contracts
Limited international presence
Vulnerable to policy and regulatory changes
Competitive bidding pressure
Economic slowdown affects project inflow

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About MARC Technocrats Limited

MARC Technocrats IPO Strengths

Experienced promoters and management with deep technical expertise.

Offers end-to-end infrastructure consultancy from concept to commissioning.

Long-term government client relationships ensuring repeat business.

Strong project execution capabilities with quality certifications.

Well-established presence in domestic infrastructure sector.

Skilled workforce of 182 professionals supporting operations.

Peer Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio
MARC Technocrats Limited	2.77	2.77	17.71	–	16.99	–
Peer Group
Dhruv Consultancy Services Ltd	1.83	1.83	52.65	74.61	2.77	8.6
Rudrabhishek Enterprises Limited	3.68	3.68	74.02	85.19	5.1	–
Ceinsys Tech Ltd	15.62	15.62	189.49	108.02	9.71	3.11

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