MARC Technocrats was incorporated on August 02, 2007. The company provides infrastructure consultancy services, including SQC, DPR preparation, third-party techno-financial audits, and pre-bid advisory across sectors such as roads, highways, railways, buildings, and water resources. It operates mainly on a B2G model, earning most of its revenue from government ministries and departments such as MoRTH, NHIDCL, NHAI, PWDs, and Railways
| Bidding Dates |
|---|
| 17 Dec 2025 - 19 Dec 2025 |
| Subscription |
|---|
| 9.41x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,11,200 | 2 | 2 | 1200 | 4.6 M | ₹88 - ₹93 | 73.55 % | ₹403.0 M - ₹425.9 M | RHP DOC |
MARC Technocrats IPO SUBSCRIPTION STATUS
18 Dec '25MARC Technocrats IPO overall subscription rate was 9.41 times the total available shares
MARC Technocrats IPO retail subscription rate was 14.42 times in the retail segment
MARC Technocrats IPO non-institutional investor subscription rate was 28.44 times in the non-institutional investor category
MARC Technocrats IPO Qualified Institutional Bidder subscription rate was 0.19 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Dec 2025 (Day 2) | 14.42x | 28.44x | 0.19x |
17 Dec 2025 (Day 1) | 1.34x | 0.95x | - |
MARC Technocrats FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 32.2 | 5.8 | 3.5 | 3.3 | 24.1% |
| FY25 | 47.8 | 7.5 | 5.4 | 2.7 | 21.7% |
| FY24 | 26.0 | 3.5 | 4.8 | 2.9 | 18.4% |
| FY23 | 20.2 | 2.6 | 3.7 | 3.1 | 18.4% |
MARC Technocrats IPO SUBSCRIPTION STATUS DETAILS
MARC Technocrats had 4.6 M shares on offer
MARC Technocrats IPO offer price was in the range ₹88 - ₹93
MARC Technocrats IPO minimum Investment was ₹211200
MARC Technocrats IPO issue size was ₹ 403.0 M - ₹ 425.9 M
MARC Technocrats had a minimum lot size of 1200 Shares per application
MARC Technocrats NUMBER OF SHARES ON OFFER
MARC Technocrats IPO IMPORTANT DATES
| Issue Open Date | 17 Dec 2025 |
| Issue close Date | 19 Dec 2025 |
| Allotment Date | 22 Dec 2025 |
| Refund Date | 23 Dec 2025 |
| Demat Account Credit Date | 23 Dec 2025 |
| Listing Date | 24 Dec 2025 |
| Listing on Exchange(s) | NSE |
| MARC Technocrats Allotment Status | Exchange/ Registrar |
MARC Technocrats IPO subscription opened on 17 Dec 2025, and closed on 19 Dec 2025
IPO allotment for MARC Technocrats was finalized on Monday, 22 Dec 2025
IPO listing for MARC Technocrats was on NSE on Wednesday, 24 Dec 2025
MARC Technocrats IPO LISTING GAINS
| Issue Price (adjusted) | 93.0 |
| Listing Open Price | 74.4 |
| Listing Close Price | 70.7 |
| Listing Gain% | -20.0% |
| Current Gain% | 41.0% |
MARC Technocrats Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Marc Technocrats Ltd. | 131.2 | 227.1 | 21.5 | 0.5 | 3.2 | 15.2 | 12.5 | 71.5 | 47.3 | 10.6 | 41.3 | 6.1 | 41.3 |
| Central Mine Planning & Design Institute Ltd. | 250.1 | 17860 | 26.8 | 18.8 | 2397.4 | 10.1 | 613.2 | -8.1 | |||||
| Engineers India Ltd. | 240.6 | 13522.7 | 19.6 | 1 | 3.4 | 22 | 11.8 | 4123.2 | 27 | 691.6 | 19.3 | 12.3 | 19.3 |
| Qualitek Labs Ltd. | 450 | 449.1 | 30.8 | 9.6 | 5.4 | 125 | 76.8 | 14.6 | 131.7 | 14.6 | |||
| Monarch Surveyors and Engineering Consultants Ltd. | 231 | 327 | 8.8 | 16.1 | 13.8 | 176.8 | 13.6 | 37.2 | 6.9 | 26.3 | |||
| Likhami Consulting Ltd. | 299 | 297.5 | 934.7 | 96.6 | 374 | 0.7 | 0.7 | 0.8 | 15.9 | 0.2 | 6.4 | 0.3 | 9.7 |
MARC Technocrats INFORMATION ON IPO ISSUE
About MARC Technocrats
MARC Technocrats was incorporated on August 02, 2007. The company provides infrastructure consultancy services, including SQC, DPR preparation, third-party techno-financial audits, and pre-bid advisory across sectors such as roads, highways, railways, buildings, and water resources. It operates mainly on a B2G model, earning most of its revenue from government ministries and departments such as MoRTH, NHIDCL, NHAI, PWDs, and Railways
Object of the Issue
- Funding capital expenditure requirements for the purchase of equipment/machineries
- To meet out the expenses of working capital requirement
- To meet out the general corporate purposes
MARC Technocrats - PROMOTERS
| Name |
|---|
| Hitender Kumar |
| Suman Rathee |
| Norang Rai Loohach |
MARC Technocrats - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Hitender Kumar | Managing Director |
| Vijay Kumar | Whole Time Director |
| Suman Rathee | Executive Director |
| Norang Rai Loohach | Non-Executive Director |
| Ramesh Sah | Independent Director |
| Paramvir Singh | Independent Director |
MARC Technocrats Book Running Lead Manager
Narnolia Financial Services Limited
pankaj.passi@narnolia.com
MARC Technocrats Registrar to the issue
Maashitla Securities Private Limited
investor.ipo@maashitla.com
MARC Technocrats Strengths
Diversified service portfolio
The company provides end-to-end civil engineering solutions across the entire infrastructure project lifecycle, including survey, planning, design, costing, supervision, testing, commissioning, project management, and quality and safety management. It also explores and adopts new technologies to expand its capabilities into emerging and adjacent sectors
Strong client base
The company serves major Government of India ministries and departments such as MoRTH, NHIDCL, NHAI, PWDs, and Railways, along with private-sector clients. Its consistent efforts help deliver added value to existing clients while expanding its market reach
MARC Technocrats Risks
Sensitive & confidential
The company handles highly sensitive government project data, making confidentiality and security critical to its operations. Any breach or failure to protect this information could damage client trust and adversely affect its business and financial performance
Bank guarantee risks
The company is required to provide financial and performance bank guarantees for its projects, and any difficulty in securing them can affect its ability to take on new contracts. Failure to obtain or the invocation of these guarantees may negatively impact its cash flows and overall financial position
Competition
The company faces increasing competition from both organized and unorganized domestic and international players, driven by rapid technological changes and evolving market dynamics. Rising competition may pressure its margins, reduce market share, and adversely affect its business operations and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 8.5 crore, of 909,600 shares. It also consists of a fresh issue of Rs 34.1 crore.
The promoters of the company are Hitender Kumar, Suman Rathee and Norang Rai Loohach.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 88.0 - 93.0.
The IPO application opens on Dec 17, 2025 and closes on Dec 19, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 211,200.0, the maximum value for this IPO is Rs 223,200.0.
This IPO will be allotted on Dec 22, 2025.
The refund will be credited to your account on Dec 23, 2025.
The allotted shares will be credited to your demat on Dec 23, 2025.
MARC Technocrats Ltd.’s shares listed on the stock exchanges on Dec 24, 2025.