MARC Technocrats Limited
Bookbuilding IPO · NSE
- Price band
- ₹88 - ₹93
- Lot size
- 1,200 shares
- Issue amount
- ₹42.59 cr
- Total subscription
- 9.93×
- Opens
- 17 Dec 2025
- Closes
- 19 Dec 2025
- Allotment
- 22 Dec 2025
- Listing
- 24 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 45,79,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,05,600
- Fresh issue
- ₹34.13 cr
- Offer for sale
- ₹8.46 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,11,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,36,43,783
- Shares after issue
- 1,73,13,383
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,23,200 |
| sHNI | 3 | 3,600 | ₹3,34,800 |
| bHNI | 9 | 10,800 | ₹10,04,400 |
Share reservation
Subscription & GMP
Subscription by category
Reported 19 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 14 |
| NIB | 0 | 2,561 |
| RETAIL | 895 | 9,629 |
| HNIs(10L +) | 397 | 1,286 |
| HNIs (2-10L) | 199 | 1,275 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.44 | 4.14 |
| FIIs | 0 | 3.77 |
| Others | 0 | 0.37 |
| RETAIL | 19.98 | 214.92 |
| HNIs 2+ | 6.66 | 44.14 |
| HNIs 10+ | 13.29 | 137.51 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 4.22 | 5.48 | 2.53 | 1.93 |
| ROE | 18.74 | 31 | 18.51 | 16.89 |
| ROCE | 22.93 | 35.63 | 23.21 | 20.37 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 16.97 | 0 | 0 |
| POST IPO(PE) | 13.98 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Ceinsys Tech Ltd | 20.77 | 999.00 | 10 | 231.78 | 26.54 | 48.09 |
| Rudrabhishek Enterprises Limited | 17.08 | 129.00 | 10 | 81.94 | 9.83 | 7.55 |
| Dhruv Consultancy Services Ltd | 11.52 | 47.7 | 10 | 54.57 | 6.72 | 4.14 |
| MARC Technocrats Limited | 16.97 | 0 | 10 | 20.41 | 31 | 5.48 |
Company information
Company profile
MARC Technocrats Limited, incorporated in August 2007, provides infrastructure consultancy services such as supervision and quality control, detailed project reports, techno-financial audits, and pre-bid advisory for projects in roads and highways, railways, buildings, and water resources. Operating primarily on a B2G model, the company serves government departments and ministries including MoRTH, NHIDCL, NHAI, various PWDs, and Railways. Its services include project supervision, detailed design and reporting, third-party techno-financial audits, and advisory support to help clients prepare competitive bids by evaluating technical, financial, and contractual aspects of infrastructure projects. As of December 31, 2024, the company employs 182 people.
Strengths
- Strong Emphasis on Core Consultancy Services – Continues to build its consultancy vertical by using deep sector experience, hiring domain experts, and expanding office presence to strengthen client acquisition and retention.
- Improving Project Execution Capabilities – Focuses on better project management systems, streamlined internal processes, and efficient asset use to deliver projects smoothly; supported by an order book of ₹24,186.82 lakhs as of September 30, 2024.
- Well-Established Client Relationships – Maintains long-term ties with government bodies, PSUs, and private clients, helping secure repeat business through technical expertise and a strong market reputation.
Risk factors
- High Dependence on Limited Clients – A large share of revenue comes from a small customer base, so losing any major client could severely affect business performance and financial stability.
- Risk of Delays in Machinery Procurement – Since machinery orders are yet to be placed, any delay in purchasing equipment may push project timelines and increase costs, impacting growth and profitability.
- Exposure to Cost Increases and Execution Delays – Rising machinery prices or slower project implementation can reduce margins and disrupt operational plans, affecting the company’s strategic goals.
Promoters
Mr. Hitender Kumar
Ms. Suman Rathee
Mr. Norang Rai Loohach
Registrar & documents
Lead manager
Narnolia Financial Services Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
GF-48, Ground Floor JMD Megapolis 48, Sohna Road Gurgaon, Haryana, 122018
012-76796960
[email protected]Company website ↗Understanding MARC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.