Comparison between MARC Technocrats IPO and Shining Tools IPO.
MARC Technocrats IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shining Tools IPO is a SME Fixed Price proposed to list at BSE SME.
| MARC Technocrats IPO | Shining Tools IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Sobhagya Capital Options Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of MARC Technocrats IPO is up to ₹40.37 Cr whereas the issue size of the Shining Tools IPO is up to ₹16.24 Cr. The final issue price of MARC Technocrats IPO is ₹93.00 per share and of Shining Tools IPO is ₹114.00 per share.
| MARC Technocrats IPO | Shining Tools 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) | ₹93.00 per share | ₹114.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 34,30,800 shares | 14,24,400 shares |
| Fresh Issue Size (Amount) | up to ₹31.91 Cr | up to ₹16.24 Cr |
| OFS Issue Size | 9,09,600 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹8.46 Cr | up to ₹0.00 Cr |
| Issue Size Total | 43,40,400 shares | 14,24,400 shares |
| Issue Size Total (Amount) | up to ₹40.37 Cr | up to ₹16.24 Cr |
MARC Technocrats IPO opens on Dec 17, 2025, while Shining Tools IPO opens on Nov 07, 2025. The closing date of MARC Technocrats IPO and Shining Tools IPO is Dec 19, 2025, and Nov 11, 2025, respectively.
| MARC Technocrats IPO | Shining Tools IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 17, 2025 | Nov 07, 2025 |
| Issue Close | Dec 19, 2025 | Nov 11, 2025 |
| Basis Of Allotment (Tentative) | Dec 22, 2025 | Nov 12, 2025 |
| Initiation of Refunds (Tentative) | Dec 23, 2025 | Nov 13, 2025 |
| Credit of Share (Tentative) | Dec 23, 2025 | Nov 13, 2025 |
| Listing date (Tentative) | Dec 24, 2025 | Nov 14, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
MARC Technocrats IPO P/E ratio is 16.97, as compared to Shining Tools IPO P/E ratio of 16.18.
| MARC Technocrats IPO | Shining Tools IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | 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.
| Company Financials (Restated)Shining Tools Ltd.'s revenue increased by 39% and profit after tax (PAT) rose by 86% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 99.99 | 96.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.55 | 70.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.97 | 16.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.01 Cr. | ₹64.51 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.00% | 49.59% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.63% | 29.61% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.48 | ₹7.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 31.00% | 36.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the MARC Technocrats IPO Retail Individual Investors (RII) are offered 21,48,000 shares while in Shining Tools IPO retail investors are offered 21,48,000 shares. Qualified Institutional Buyers (QIB) are offered 46,800 shares in MARC Technocrats IPO and 0 shares in Shining Tools IPO.
| MARC Technocrats IPO | Shining Tools IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 2,38,800 shares | 75,600 shares |
| QIB | 46,800 shares | 0 shares |
| NII | 21,45,600 shares | 7,12,200 shares |
| RII | 21,48,000 shares | 7,12,200 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 43,40,400 shares | 14,24,400 shares |
MARC Technocrats IPO subscribed 9.87x in total, whereas Shining Tools IPO subscribed 1.15x.
| MARC Technocrats IPO | Shining Tools IPO | |
|---|---|---|
| QIB (times) | 9.51x | |
| NII (times) | 8.99x | 0.43x |
| Big NII (times) | 10.18x | |
| Small NII (times) | 6.61x | |
| RII (times) | 10.75x | 1.87x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 9.87x | 1.15x |
