MARC Technocrats
December 17, 2025 – December 19, 2025
| Price | ₹83 - ₹93 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1200 |
| Issue size | ₹42.59 cr |
| Allotment | Dec 22, 2025 |
| Listing | Dec 24, 2025 |
MARC Technocrats Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 223200 | 895 |
| sHNI | 3 | 3600 | 334800 | 199 |
| bHNI | 9 | 10800 | 1004400 | 397 |
MARC Technocrats Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 46800 | 1.02% |
| HNI | 2145600 | 46.86% |
| INDIVIDUAL | 2148000 | 46.91% |
| Market Maker | 238800 | 5.21% |
| Total | 4579200 | 100% |
MARC Technocrats About
IPO Details
| Total Issue Size | 45,79,200 shares (aggregating up to ₹42.59 Cr) |
| Fresh Issue | 36,69,600 shares (aggregating up to ₹34.13Cr) |
| Offer For Sale | 9,09,600 shares (aggregating up to ₹8.46 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,36,43,783 shares |
| Share Holding Post Issue | 1,73,13,383 shares |
| Reserved for Market Maker | 2,38,800 shares (aggregating up to ₹2.22 Cr) |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. |
Key Performance Indicator (KPI)
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROE | 18.74% | 31.00% | 18.51% | 16.89% |
| ROCE | 22.93% | 35.63% | 23.21% | 20.37% |
| EPS (BASIC) | 4.22 | 5.48 | 2.53 | 1.93 |
| P/E Pre IPO | 16.97 | |||
| P/E Post IPO | 13.98 |
Company Financial (In ₹Crore)
| Period Ended | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| 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 | 4.8 |
| 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 | 0.6 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Marc Technocrats Limited | - | - | 10 |
| Dhruv Consultancy Service Limited | 11.52 | 47.7 | 10 |
| Rudrabhishek Enterprises Limited | 17.08 | 129.00 | 10 |
| Ceinsys Tech Ltd | 20.77 | 999.00 | 10 |
Peer comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Marc Technocrats Limited | 20.41 | 31 | 5.48 |
| Dhruv Consultancy Service Limited | 54.57 | 6.72 | 4.14 |
| Rudrabhishek Enterprises Limited | 81.94 | 9.83 | 7.55 |
| Ceinsys Tech Ltd | 231.78 | 26.54 | 48.09 |
About Company
The company provides consultancy solutions across major infrastructure sectors such as roads and highways, railways, buildings, and water resources.
Operating primarily on a B2G (Business-to-Government) model, MARC Technocrats generates most of its revenue from government departments and ministries, including MoRTH, NHIDCL, NHAI, PWDs, and Railways.
Service Offerings include:
- Supervision and Quality Control
- Detailed Design and Project Reports
- Third-Party Techno-Financial Audits
- The Company offers advisory services to clients, helping them prepare for competitive bidding by analysing infrastructure projects' technical, financial, and contractual aspects.
Strength
Strong Focus on Core Consultancy Services: The company continues to prioritize its core consultancy business, leveraging years of sectoral experience to retain existing clients and attract new ones. Plans to strengthen this vertical include hiring sector experts and expanding the office network.
Growing Project Execution Capabilities: MARC aims to enhance project execution efficiency through better project management tools, improved internal systems, and optimized asset utilization. This focus supports higher client satisfaction and stronger operating margins. As of September 30, 2024, the company has an order book of ₹24,186.82 lakhs.
Established Client Relationships: The company enjoys strong repeat business from government bodies, PSUs, and private corporates. Its long-standing relationships, technical expertise, and market reputation help drive client retention and expansion.
Weakness
High Dependence on Few Clients: A major portion of revenue comes from a limited number of clients, and losing any key client may significantly impact business and financial performance.
Delays in Procuring Plant & Machinery: The company has not yet placed orders for required machinery, and any delay in procurement could extend project timelines and increase costs, affecting revenue and profitability.
Exposure to Cost Escalation & Implementation Risks: Any rise in machinery prices or delays in project execution may impact operational plans, reduce margins, and hinder timely achievement of strategic objectives.
MARC Technocrats Lead Manager(s)
MARC Technocrats Address
MARC Technocrats Ltd. Address
GF-48, Ground Floor
JMD Megapolis
48, Sohna Road
Gurgaon, Haryana, 122018
Phone: 012-76796960
Email: investorrelations@mtplonline.in
Website: https://www.mtplonline.in/
MARC Technocrats Registrar
MARC Technocrats Reviewers
| Reviewer | Recommendation | File |
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