Comparison between FFS Defence Engineering IPO and MARC Technocrats IPO.
FFS Defence Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while MARC Technocrats IPO is a SME Bookbuilding proposed to list at NSE SME.
| FFS Defence Engineering IPO | MARC Technocrats IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Inventure Merchant Banker Services Pvt.Ltd. | Narnolia Financial Services Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL |
The total issue size of FFS Defence Engineering IPO is up to ₹28.60 Cr whereas the issue size of the MARC Technocrats IPO is up to ₹40.37 Cr. The final issue price of FFS Defence Engineering IPO is ₹80.00 per share and of MARC Technocrats IPO is ₹93.00 per share.
| FFS Defence Engineering IPO | MARC Technocrats IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹88.00 per share | |
| Issue Price (Upper) | ₹93.00 per share | |
| Issue Price (Final) | ₹80.00 per share | ₹93.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 35,74,400 shares | 34,30,800 shares |
| Fresh Issue Size (Amount) | up to ₹28.60 Cr | up to ₹31.91 Cr |
| OFS Issue Size | 0 shares | 9,09,600 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹8.46 Cr |
| Issue Size Total | 35,74,400 shares | 43,40,400 shares |
| Issue Size Total (Amount) | up to ₹28.60 Cr | up to ₹40.37 Cr |
FFS Defence Engineering IPO opens on , while MARC Technocrats IPO opens on Dec 17, 2025. The closing date of FFS Defence Engineering IPO and MARC Technocrats IPO is , and Dec 19, 2025, respectively.
| FFS Defence Engineering IPO | MARC Technocrats IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 17, 2025 | |
| Issue Close | Dec 19, 2025 | |
| Basis Of Allotment (Tentative) | Dec 22, 2025 | |
| Initiation of Refunds (Tentative) | Dec 23, 2025 | |
| Credit of Share (Tentative) | Dec 23, 2025 | |
| Listing date (Tentative) | Dec 24, 2025 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
FFS Defence Engineering IPO P/E ratio is , as compared to MARC Technocrats IPO P/E ratio of 16.97.
| FFS Defence Engineering IPO | MARC Technocrats IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)MARC Technocrats Ltd.'s revenue increased by 80% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 30 | 99.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 22.1 | 73.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.01 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 10.63% | 31.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 7.27% | 35.63% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.41 | 0.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 10.63% | 31.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the FFS Defence Engineering IPO Retail Individual Investors (RII) are offered while in MARC Technocrats IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in FFS Defence Engineering IPO and 46,800 shares in MARC Technocrats IPO.
| FFS Defence Engineering IPO | MARC Technocrats IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 1,79,200 shares | 2,38,800 shares |
| QIB | 46,800 shares | |
| NII | 21,45,600 shares | |
| RII | 21,48,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 43,40,400 shares |
FFS Defence Engineering IPO subscribed in total, whereas MARC Technocrats IPO subscribed 9.87x.
| FFS Defence Engineering IPO | MARC Technocrats IPO | |
|---|---|---|
| QIB (times) | 9.51x | |
| NII (times) | 8.99x | |
| Big NII (times) | 10.18x | |
| Small NII (times) | 6.61x | |
| RII (times) | 10.75x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 9.87x |
