Marc Technocrats IPO Details
Issue Date
17 Dec - 19 Dec'25
Price Range
₹88 - ₹93
Lot Size
1200
IPO Size
₹42.59 Cr
Marc Technocrats IPO Listing Details
Listing On
24 Dec'25
Issue Price
₹93
Listed Price
₹ 74.4
Retail Gain/Listing Gain
▼-20.00%
Schedule of Marc Technocrats IPO
Start date
17/12/2025
End date
19/12/2025
Allotment of bids
22/12/2025
Refund Initiation
23/12/2025
Listing on exchange
24/12/2025
Marc Technocrats IPO Subscription Status
(Last updated on 19 Dec 2025 04:45 PM)
Day 1 17-Dec-2025 | 0.62x | 0x | 1.02x | 0.27x |
Day 2 18-Dec-2025 | 0.96x | 1x | 1.59x | 0.39x |
Day 3 19-Dec-2025 | 9.26x | 9.51x | 10.49x | 8.16x |
Marc Technocrats IPO Subscription Rate
Qualified Institutions | 9.51x |
Non-Institutional (HNI) | 8.17x |
Retail | 10.67x |
Total Subscription | 9.36x |
About Marc Technocrats IPO
The IPO of Marc Technocrats comprises a fresh issue of up to 36,69,600 equity shares. There’s also an offer for sale in this IPO comprising up to 9,09,600 equity shares. The total number of shares in the IPO is 45,79,200. It’s a 100% book-built issue. The price band is ₹88 to ₹93 per share.
Marc Technocrats IPO opens on December 17, 2025 and closes on December 19, 2025. The allotment of shares will take place on December 22, 2025. The credit of shares to the Demat account will take place on December 23, 2025. The initiation of refunds will take place on December 23, 2025. The listing of shares will take place on December 24, 2025.
The lot size of shares in the IPO is 1200. The minimum number of lots in the IPO for retail investors is 2. The minimum investment amount required by a retail investor is ₹2,23,200 based on the upper price.
Marc Technocrats is engaged in the business of infrastructure consultancy services, comprising supervision and quality control (SQC), preparation of detailed project reports (DPRs), third-party techno-financial auditor and pre-bid advisory services.
Objectives of Marc Technocrats IPO
The objectives of the IPO are to:
- Fund capital expenditure requirements for the purchase of equipment/machineries
- Meet out the expenses of working capital requirement
- Meet out general corporate purposes
Marc Technocrats IPO Valuation
Upper Price Band | ₹93 |
Fresh Issue | Up to 36,69,600 equity shares |
Offer for Sale | Up to 9,09,600 equity shares |
EPS in ₹ for FY 25 | 5.48 |
Marc Technocrats IPO Lot Size
Individual Investors (Retail)(Min) | 2 | 2400 | 2,23,200 |
Individual Investors (Retail)(Max) | 2 | 2400 | 2,23,200 |
S-HNI (Min) | 3 | 3600 | 3,34,800 |
S-HNI (Max) | 8 | 9600 | 8,92,800 |
B-HNI (Min) | 9 | 10,800 | 10,04,400 |
Marc Technocrats Ltd IPO Share Offer and Subscription Details
QIBs | Not more than 50% of the offer |
Non-institutional Investors | Not less than 15% of the offer |
Retail Individual Investors | Not less than 35% of the offer |
Industry Outlook
The global infrastructure sector market size is estimated at USD 2.72 trillion in 2024, and is expected to reach USD 3.69 trillion by 2029, growing at a CAGR of 6.27% during the forecast period (2024-2029).
Infrastructure is a key enabler in helping India become a US$26 trillion economy. India, it is estimated, needs to invest US$ 840 billion over the next 15 years into urban infrastructure to meet the needs of its fast-growing population.
The infrastructure sector has become the biggest focus area for the Government of India. India being a developing nation is set to take full advantage of the opportunity for the expansion of the infrastructure sector, and it is reasonable to conclude that India's infrastructure has a bright future ahead of it.
Marc Technocrats Company Information
Marc Technocrats is engaged in the business of infrastructure consultancy services, comprising supervision and quality control (SQC), preparation of detailed project reports (DPRs), third-party techno-financial auditor and pre-bid advisory services. The company provides its services for the infrastructure projects, such as roads and highways, railways, buildings and water resources.
Strengths of Marc Technocrats
- Experienced management team
- Wide range of services
- Strong client base
Risks of Marc Technocrats
- Any unfavourable changes in government policies or the loss of any major client could significantly impact business
- Company has primarily focused on government contracts, resulting in less experience with private sector projects
- Any decline in the demand for SQC services can affect revenue and result of operations
- Order book is not necessarily indicative of future revenues or earnings
- Failure to provide accurate and timely certification and verification of construction progress, quality, and safety, it could result in delays, penalties from regulatory bodies
Marc Technocrats Financials (in ₹ crores)
Comparison with peers
Marc Technocrats | 7.4768 | 5.48 | 31 | 20.41 |
Dhruv Consultancy Service | 6.9503 | 4.14 | 6.72 | 54.57 |
Rudrabhishek Enterprises | 13.2956 | 7.55 | 9.83 | 81.94 |
Ceinsys Tech | 81.3800 | 48.09 | 26.54 | 231.78 |
Anchor Investor Bidding Date
NA
IPO Registrar and Book Running Lead Manager
- IPO Registrar: Maashitla Securities
- Book Running Lead Manager: Narnolia Financial Services
Marc Technocrats Business Model
Engaged in the business of infrastructure consultancy services, Marc Technocrats provides its services for the infrastructure projects, such as roads and highways, railways, buildings, and water resources. It provides comprehensive consultancy services throughout the entire lifecycle of infrastructure projects, from concept to commissioning. Its services portfolio includes:
- Supervision and Quality Control
- Detailed Design & Project Reports
- Third-Party Techno-Financial Auditor
- Pre-bid Advisor Services
Marc Technocrats Growth Trajectory
The revenue from operations of Marc Technocrats grew from ₹20.1577 crores in FY 23 to ₹47.7530 crores in FY 25. Its EBITDA margin grew from 18.43% in FY 23 to 21.68% in FY 25. A wide range of services and a strong client base have helped the company grow over the years.
Marc Technocrats Market Position
Operating on a Business-to-Government (B2G) model, majority of revenues of Marc Technocrats is derived from delivering its services to government department and ministries such as Ministry of Road Transport and Highways, National Highways and Infrastructure Development Corporation, National Highways Authority of India, Public Works Departments and Railways.
Marc Technocrats Profit and Loss (in ₹ crores)
Total Income | 48.5564 | 26.9449 | 20.5743 |
Profit Before Tax | 9.9995 | 4.6186 | 3.5219 |
Profit After Tax | 7.4768 | 3.4522 | 2.6355 |
EBITDA | 10.3550 | 4.8002 | 3.7155 |
EPS in ₹ | 5.48 | 2.53 | 1.93 |
Marc Technocrats Balance Sheet (in ₹ crores)
Profit Before Tax | 9.9995 | 4.6186 | 3.5219 |
Net Cash from Operating Activities | 5.4226 | 4.7774 | 3.7117 |
Net Cash Used in Investing Activities | (3.9115) | (4.9260) | (3.82) |
Net Cash Used in Financing Activities | (0.3678) | 0.0986 | 0.4723 |
Cash and Cash Equivalents at the End of the Period | 3.2761 | 2.1329 | 2.1828 |
How to Apply for Marc Technocrats IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
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