MARC Technocrats IPO opens on 17 December 2025 and closes on 19 December 2025. The SME IPO comes as a Book Build Issue, aiming to raise around ₹42.59 crore. This includes a fresh issue of ₹34.13 crore and an offer for sale of 9,09,600 equity shares of face value ₹10 each. The listing is scheduled on NSE SME on 24 December 2025, while allotment will be finalised on 22 December 2025.
The IPO price band is fixed at ₹88 to ₹93 per share. The investors’ allocation is divided into 50% for QIB, 15% for HNI, and 35% for retail investors. With consistent growth in both revenue and profit over the last three years, MARC Technocrats shows a stable financial performance, making it a suitable option for long-term investors.
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MARC Technocrats IPO Details
| Detail | Information |
|---|---|
| IPO Open Date | December 17, 2025 |
| IPO Close Date | December 19, 2025 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹88 to ₹93 |
| Issue Size | Approx ₹42.59 crore |
| Fresh Issue | Approx ₹34.13 crore |
| Offer for Sale | 9,09,600 equity shares |
| Issue Type | Book Build Issue |
| Listing | NSE SME |
| DRHP | View PDF |
| RHP | View PDF |
MARC Technocrats IPO
Open: 17-19 Dec
Issue Size: ₹42.59 Cr.
Objective: Raise capital to fund capex, scale IT services and working capital.
Exchange: NSE
MARC Technocrats IPO GMP Today
The MARC Technocrats IPO GMP has not started yet, as there is currently no active grey market participation. In the absence of GMP data, it is not possible to assess short-term listing expectations or investor sentiment at this stage. This is common for SME IPOs during the early pre-issue period.
MARC Technocrats IPO GMP usually begins to reflect market interest closer to the opening of the issue. Investors are advised to wait for regular updates and observe initial GMP trends once trading starts, as sustained movement will offer better clarity on the expected listing price and overall demand.
| Date | GMP | Estimated Listing Price | Expected Gain |
|---|---|---|---|
| 13-12-2025 | ₹0 | ₹93 | ₹0 (0.00%) |
| 12-12-2025 | ₹0 | ₹93 | ₹0 (0.00%) |
Disclaimer: GMP is based on grey market news. We do not trade or recommend trading in the grey market or Subject to Sauda (sub2) rates.
MARC Technocrats IPO Review
MARC Technocrats has shown steady growth supported by strong government-focused infrastructure consultancy projects. The company has delivered a healthy rise in revenue from ₹20.57 crore in FY23 to ₹26.94 crore in FY24, along with an improved profit track record.
The business operates under a B2G model that ensures consistent work pipelines from ministries like MoRTH, NHIDCL, NHAI, Railways, and various PWDs. Considering the financials and order-driven stability, the IPO looks better suited for long-term investors rather than listing gains.
MARC Technocrats IPO Market Lot
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,23,200 |
| Retail Maximum | 2 | 2,400 | ₹2,23,200 |
| S-HNI Minimum | 3 | 3,600 | ₹3,34,800 |
| S-HNI Maximum | 8 | 9,600 | ₹8,92,800 |
| B-HNI Minimum | 9 | 10,800 | ₹10,04,400 |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Ex. Anchor) | – | 50% |
| NII | – | 15% |
| Retail | – | 35% |
- Also Read: Neptune Logitek IPO (15-17 Dec)
MARC Technocrats IPO Anchor Investors
| Detail | Information |
|---|---|
| Anchor Bidding Date | 2025 |
| Anchor Investors List | View PDF |
| Shares Offered | – |
| Anchor Size | – crore |
| Lock-in End Date (30 Days) | 2025 |
| Lock-in End Date (90 Days) | 2025 |
MARC Technocrats IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 17, 2025 |
| IPO Close Date | December 19, 2025 |
| Basis of Allotment | December 22, 2025 |
| Refunds | December 23, 2025 |
| Credit to Demat | December 23, 2025 |
| Listing Date | December 24, 2025 |
| Cut-off Time | December 19, 2025 – 5 PM |
Promoters and Shareholding Pattern
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,36,43,783 | 99.99% |
| Promoter Holding Post Issue | 1,73,13,383 | 73.55% |
Objects of the Issue
The company plans to utilise the IPO proceeds mainly for capital expenditure, including the purchase of new equipment and machinery required for upcoming infrastructure projects.
A significant portion of the funds will also support working capital needs to manage ongoing contracts efficiently. The balance amount will be used for general corporate purposes to strengthen overall business operations.
About MARC Technocrats
MARC Technocrats Limited, established in 2007, is a leading name in infrastructure consultancy services. The company offers a wide range of services such as DPR preparation, supervision and quality control, techno-financial audits, and pre-bid advisory.
Operating under a pure B2G model, the company works closely with major government bodies including MoRTH, NHAI, NHIDCL, Railways, and various state PWDs. With 182 employees as of December 2024, the company has developed strong technical expertise in roads, highways, railways, buildings, and water resource projects.
MARC Technocrats Financial Report
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2022 | ₹20.05 cr | ₹16.42 cr | ₹2.67 cr | ₹17.86 cr |
| 2023 | ₹20.57 cr | ₹17.05 cr | ₹2.64 cr | ₹21.52 cr |
| 2024 | ₹26.94 cr | ₹22.33 cr | ₹3.45 cr | ₹26.46 cr |
| September 2024 | ₹22.14 cr | ₹17.09 cr | ₹3.78 cr | ₹32.10 cr |
MARC Technocrats IPO Valuation – FY2024
| KPI | Value |
|---|---|
| ROE | 18.51% |
| ROCE | 23.21% |
| EBITDA Margin | 18.44% |
| PAT Margin | 13.26% |
| Debt to Equity Ratio | 0.05 |
| EPS (Basic) | ₹2.53 |
| P/E Ratio | N/A |
| RoNW | 18.51% |
| NAV | ₹14.93 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Dhruv Consultancy Services Ltd | 1.83 | 74.61 | 2.77% | 52.65 | ₹2.76 cr |
| Rudrabhishek Enterprises Ltd | 3.68 | 85.19 | 5.10% | 74.02 | ₹6.39 cr |
| Ceinsys Tech Ltd | 15.62 | 108.02 | 9.71% | 189.49 | ₹25.63 cr |
IPO Lead Manager
Narnolia Financial Services Ltd.
Company Address
| Company | Address |
|---|---|
| MARC Technocrats Limited | GF-48, Ground Floor, JMD Megapolis, Sector-48, Sohna Road, Gurgaon, Haryana-122018, India Phone: 012-76796960 Email: investorrelations@mtplonline.in Website: https://www.mtplonline.in/ |
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
MARC Technocrats IPO FAQs
What is MARC Technocrats IPO?
MARC Technocrats IPO is an SME IPO worth ₹42.59 crore with a price band of ₹88 to ₹93. It will list on NSE SME.
When does the IPO open?
The IPO opens on 17 December 2025 and closes on 19 December 2025.
What is the investors’ portion?
The allocation is QIB 50%, NII 15%, and Retail 35%.
How to apply?
You can apply through ASBA using your bank account or UPI via stockbrokers.
What is the allotment date?
The allotment will be declared on 22 December 2025.
What is the allotment date?
The allotment will be declared on 22 December 2025.
When will it list?
The listing date is 24 December 2025.
Expert Comment
MARC Technocrats has built a strong niche in government-driven infrastructure consulting, backed by stable revenues and consistent profitability. The valuations look reasonable for an SME offering, and the balance sheet is light on debt.
While it may not be a high-momentum listing candidate, the long-term fundamentals appear promising for investors seeking steady growth exposure in the infrastructure services segment.
