Bookbuilding IPO | ₹43 Cr | Listed at NSE SME | Wed, Dec 17, 2025 - Fri, Dec 19, 2025
MARC Technocrats IPO is a book build issue of ₹42.59 crores. The issue is a combination of fresh issue of 0.37 crore shares aggregating to ₹34.13 crores and offer for sale of 0.09 crore shares aggregating to ₹8.46 crores.
MARC Technocrats IPO bidding started from Dec 17, 2025 and ended on Dec 19, 2025. The allotment for MARC Technocrats IPO was finalized on Dec 22, 2025. The shares got listed on NSE SME on Dec 24, 2025.
MARC Technocrats IPO price band is set at ₹93 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,23,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,34,800.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to MARC Technocrats IPO RHP for detailed Information.
IPO Open
Wed, Dec 17, 2025
IPO Close
Fri, Dec 19, 2025
Issue Price
₹93 per share
Market Cap (Pre-IPO)
₹161.01 Cr
| IPO Date | 17 to 19 Dec, 2025 |
| Listed on | Wed, Dec 24, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹88 to ₹93 |
| Issue Price | ₹93 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,79,200 shares (agg. up to ₹43 Cr) |
| Reserved for Market Maker | 2,38,800 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 34,30,800 shares (agg. up to ₹32 Cr) |
| Offer for Sale | 9,09,600 shares of ₹10 (agg. up to ₹8 Cr) |
| Net Offered to Public | 43,40,400 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 1,36,43,783 shares |
| Share Holding Post Issue | 1,73,13,383 shares |
| NSE Symbol | MARC |
| ISIN | INE0TD401015 |
MARC Technocrats IPO comprises a total issue size of 45,79,200 shares. The net offer to the public is 43,40,400 shares, after excluding 2,38,800 shares allotted on a firm basis. Of the Net offer 46,800 (1.08%) are allocated to QIB, 21,45,600 (49.43%) allocated to NII 21,48,000 (49.49%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 46,800 | 1.08% | 1.02% |
| NII (HNI) Shares Offered | 21,45,600 | 49.43% | 46.86% |
| − bNII > ₹10L | 14,29,200 | 31.21% | |
| − sNII < ₹10L | 7,16,400 | 15.64% | |
| Retail Shares Offered | 21,48,000 | 49.49% | 46.91% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,38,800 | 5.21% | |
| Total Shares Offered | 45,79,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,23,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,23,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,34,800 |
| S-HNI (Max) | 8 | 9,600 | ₹8,92,800 |
| B-HNI (Min) | 9 | 10,800 | ₹10,04,400 |
Incorporated in August 2007, MARC Technocrats Limited provides infrastructure consultancy services, including supervision and quality control, detailed project reports, techno-financial audits, and pre-bid advisory services.
The company offers services for infrastructure projects, such as roads and highways, railways, buildings, and water resources.
The company operates on a B2G model, primarily generating revenue from services to government departments and ministries, including MoRTH, NHIDCL, NHAI, PWDs, and Railways.
The company's services included:-
As of November 30, 2025, the Company has 181 employees on the Company payroll.
Competitive Strength
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.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.11 | 35.14 | 26.46 | 21.52 |
| Total Income | 32.64 | 48.56 | 26.94 | 20.57 |
| Profit After Tax | 5.76 | 7.48 | 3.45 | 2.64 |
| EBITDA | 7.77 | 10.36 | 3.72 | 4.80 |
| NET Worth | 33.61 | 27.85 | 20.38 | 16.92 |
| Reserves and Surplus | 19.97 | 14.21 | 10.63 | 7.18 |
| Total Borrowing | 0.59 | 0.94 | 1.05 | 0.60 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 10.25 |
| 2 | To meet out the expenses of Working Capital Requirement | 17.50 |
| 3 | To meet out the General Corporate Purposes; | 2.37 |
| 4 | Offer for Sale (OFS) | 8.46 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 31.00% |
| ROCE | 35.63% |
| Debt/Equity | 0.03 |
| RoNW | 31.00% |
| PAT Margin | 15.66% |
| EBITDA Margin | 21.68% |
| Price to Book Value | 4.56 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.48 | 6.65 |
| P/E (x) | 16.97 | 13.98 |
| Promoter Holding | 99.99% | 73.55% |
| Market Cap | ₹161.01 Cr. |
The MARC Technocrats IPO is subscribed 9.87 times on December 19, 2025 6:19:59 PM (Day 3). The public issue subscribed 10.75 times in the individual investors category, 9.51 times in the QIB category, and 8.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 9.51 | 46,800 | 4,45,200 | 14 |
| NII* | 8.99 | 21,45,600 | 1,92,85,200 | 2,559 |
| bNII (bids above ₹10L) | 10.18 | 14,29,200 | 1,45,47,600 | |
| sNII (bids below ₹10L) | 6.61 | 7,16,400 | 47,37,600 | |
| Individual Investor | 10.75 | 21,48,000 | 2,30,92,800 | 9,622 |
| Total | 9.87 | 43,40,400 | 4,28,23,200 | 12,195 |
Total Application : 12,195
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees including Underwriter Commission | 2.25 |
| 2 | Brokerage, selling commission and upload fees. | 0.52 |
| 3 | Registrars to the issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.10 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and Distribution of Issue Stationary | 0.03 |
| 8 | Others, if any (Market Maker fees, Peer Review Auditor, Selling and Distribution Expenses, Marketing Expenses and other misc. expenses) | 0.96 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹93.00 |
| Open | ₹74.40 |
| Low | ₹70.70 |
| High | ₹74.40 |
| Last Trade | ₹70.70 |
Lead Manager Reports
MARC Technocrats IPO is a SME IPO of 45,79,200 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹93 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Dec 17, 2025, and closes on Fri, Dec 19, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in MARC Technocrats IPO using UPI as a payment gateway. Zerodha customers can apply in MARC Technocrats IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MARC Technocrats IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MARC Technocrats IPO opens on Wed, Dec 17, 2025 and closes on Fri, Dec 19, 2025.
MARC Technocrats IPO lot size is 1200, and the minimum amount required for application is ₹2,23,200, with 2 lots being the minimum application size.
You can apply in MARC Technocrats IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for MARC Technocrats IPO will be done on Monday, December 22, 2025, and the allotted shares will be credited to your demat account by Tue, Dec 23, 2025. Check the MARC Technocrats IPO allotment status.
The MARC Technocrats IPO listing date is on Wed, Dec 24, 2025.
