IPO Details
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IPO Size
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Schedule of Marc Technocrats IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Marc Technocrats IPO
The IPO of Marc Technocrats Ltd comprises a fresh issue and an offer for sale. While the fresh issue is up to 36,69,600 equity shares, the offer for sale is of 9,09,600 equity shares. It’s a 100% book-built issue. The IPO opens on TBA and closes on TBA. The credit of shares to the demat account will take place on TBA and the initiation of refunds will take place on TBA. The basis of allotment will take place on TBA.
Objectives of Marc Technocrats IPO
- 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 IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | 36,69,600 equity shares |
Offer for Sale | 9,09,600 equity shares |
EPS in ₹ for FY 24 | 3.54 |
Marc Technocrats Ltd IPO Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
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.
Company Information
Marc Technocrats Ltd 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.
The company primarily operates on a Business-to-Government (B2G) model, with majority of their revenue derived from delivering their services to government department and ministries such as Ministry of Road Transport and Highways (MoRTH), National Highways and Infrastructure Development Corporation Limited (NHIDCL), National Highways Authority of India (NHAI), Public Works Departments (PWDs) and Railways.
Strengths of Marc Technocrats Ltd
Wide Range of Services
The company has a service portfolio ranging from conceptualisation to commissioning in an infrastructure and construction project lifecycle. Basically, it provides end-to-end service of civil engineering solutions, whether its Survey, Master plans and other Technical Evaluation Studies, Planning, Designing, Project Costing, Operation & Maintenance (O&M) Studies, conducting Engineering, social and economic studies and analysis, Supervision, Testing & Commissioning, Project Management, Quality Management, and Safety.
Strong Client Base
The company’s major clients include department and Ministries of Government of India such as MoRTH, NHIDCL, NHAI, PWD’s and Railways. Further, the company also provides its services to various clients pertaining to the private sector. Its continued efforts enable it to provide additional value to its existing clients and also increase its potential market
Risks of Marc Technocrats
- Dependence on Government-tendered Projects
The company’s revenue generation is significantly dependent on government-tendered projects. If there are unfavorable changes in the policies of the government, it could result in closure, termination or renegotiation of its contracts, which would impact on its business and financial performance significantly.
- Reliance on a Limited Number of Clients
The company derives a significant portion of its revenues from a limited number of clients. Significant revenue from a limited number of clients increases the potential volatility of its results and exposure to individual contract risks. The company may be required to accept onerous contractual terms in its contracts for projects awarded to it by such clients.
- Revenue Concentration Risk
The company is majorly dependent on the services provided by it under the Supervision and Quality Control (SQC) segment. If the demand for this segment declines due to changes in market trends, customer preferences, or technological advancements, the company's revenue can be severely impacted, dependency on one segment makes the company's revenue stream highly volatile and sensitive to any disruptions in the product market.
Marc Technocrats Financials
Peer Comparison
| Company Name | PAT (in ₹ crores) | EPS in ₹ | Return on Net Worth (in %) | NAV (in ₹ per share) |
|---|---|---|---|---|
Marc Technocrats Ltd | 3.7825 | 2.77 | 16.99 | 17.71 |
Dhruv Consultancy Service Ltd | 2.7631 | 1.83 | 2.77 | 52.65 |
Rudrabhishek Enterprises Ltd | 6.3858 | 3.68 | 5.10 | 74.02 |
Ceinsys Tech Ltd | 25.6326 | 15.62 | 9.71 | 189.49 |
IPO Registrar and Book Running Lead Manager
- IPO Registrar: Maashitla Securities Pvt Ltd
- Book Running Lead Manager: Narnolia Financial Services Ltd
Business Model
Engaged in the business of infrastructure consultancy services, Marc Technocrats Ltd 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
Company Growth Trajectory
The revenue from operations of Marc Technocrats Ltd grew from ₹19.4010 crores in FY 22 to ₹26.0383 crores in FY 24. Its PAT grew from ₹2.6738 crores in FY 22 to ₹3.4522 crores in FY 24. An experienced management team coupled with a strong client base has helped the company grow over the years.
Market Position
Operating on a Business-to-Government (B2G) model, majority of revenues of Marc Technocrats Ltd is derived from delivering its services to government department and ministries such as Ministry of Road Transport and Highways (MoRTH), National Highways and Infrastructure Development Corporation Limited (NHIDCL), National Highways Authority of India (NHAI), Public Works Departments (PWDs) and Railways. It has 58 ongoing projects across various departments in the State of Punjab for water resource roads and highways, Building and other Civil work related to Third Party Techno Financial Service.
Marc Technocrats Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 26.9449 | 20.5743 | 20.0467 |
Profit Before Tax (in ₹ crores) | 4.6186 | 3.5219 | 3.6246 |
Profit After Tax (in ₹ crores) | 3.4522 | 2.6355 | 2.6738 |
EPS in ₹ | 3.54 | 2.70 | 2.74 |
Marc Technocrats Ltd Cash Flow Statement
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 4.6186 | 3.5219 | 3.6246 |
Net Cash from Operating Activities (in ₹ crores) | 4.7774 | 3.7117 | 2.8237 |
Net Cash Used in Investing Activities (in ₹ crores) | (4.9260) | (3.82) | (5.6437) |
Net Cash Used in Financing Activities (in ₹ crores) | 0.0986 | 0.4723 | (1.0039) |
Cash and Cash Equivalents at the End of the Period (in ₹ crores) | 2.1329 | 2.1828 | 1.8189 |
How to Check Allotment Status of Marc Technocrats IPO?
Visit the Registrar’s Website
- Visit the official website of Maashitala Securities Pvt Ltd
- Choose ‘Public Issues’ from ‘Allotment Status’
- Select the Company from dropdown
- Enter either your PAN, application number or Demat account number
- Click on ‘Submit’ to know the status
Check on the Website of the National Stock Exchange
The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Marc Technocrats Ltd IPO. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click 'Submit' to know the allotment status.
How to Apply for Marc Technocrats IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Marc Technocrats IPO FAQs
Where can I read more about Marc Technocrats business?
You can read more about Marc Technocrats and its IPO from the company’s red herring prospectus (RHP) here.
What is the Marc Technocrats Ltd IPO?
The IPO of Marc Technocrats Ltd comprises a fresh issue and an offer for sale of 36,69,600 and 9,09,600 equity shares, respectively.
When will the IPO of Marc Technocrats Ltd go live?
The exact dates of the IPO are yet to be announced.
