MARC Technocrafts IPO: GMP, Price, Analysis, And Details

MARC Technocrats IPO- Company Analysis

MARC Technocrats IPO under the SME IPO category is a book build issue of Rs. 42.59 Cr by MARC Technocrats Limited and offers pre-bid advising services, comprehensive project reports, techno-financial audits, supervision and quality control, and other infrastructure consulting services.

The corporation provides services for infrastructure projects, including water resources, buildings, railroads, and roads and highways. The business uses a business-to-business (B2G) model and mostly makes money by providing services to government ministries and departments, such as MoRTH, NHIDCL, NHAI, PWDs, and Railways.

Among the services provided by the business were:

• Oversight and quality assurance.

• Comprehensive Project and Design Reports.

• Techno-financial third-party auditor.

• The company provides consultancy services to clients, analyzing the technical, financial, and contractual elements of infrastructure projects to assist them get ready for competitive bidding.

MARC Technocrats IPO Details

The MARC Technocrats IPO date of opening is 17 December 2025, its initial public offering will end on 19 Dec, IPO allotment on Dec 22 and refund initiation on Dec 23, 2025.

The Rs. 42.59 crore new SME IPO comprises a wholly fresh issue of 0.37 crore shares.

The MARC Technocrats IPO listing date (expected) might be on Wednesday, Dec 24, 2025, and listing at the NSE and SME. 

The MARC Technocrats IPO price band is Rs. 88 to Rs. 93.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Dec 17, 2025
IPO Closing Date	Dec 19, 2025
IPO Allotment Date	Dec 22, 2025
Refund Initiation	Dec 23, 2025
IPO Listing Date	Dec 24, 2025

 

Click to open demat account and apply for the IPO.

 

Company Financials

(Amount in Cr)

Particulars	30 Sep 2024	31 Mar 2024	31 Mar 2023
Assets	32.10	26.46	21.52
Total Income	22.14	26.94	20.57
PAT	3.78	3.45	2.64
Net Worth	24.16	20.38	16.92
Reserves & Surplus	10.52	10.63	7.18
Total Borrowing	1.02	1.05	0.60

 

Cash Flows

(Amount in lac)

Net Cash Flow	30 Sep 2024	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	430.02	477.74	371.17
Net Cash Flow Investing Activities	(124.27)	(492.60)	(382.00)
Net Cash Flow Financing Activities	(15.24)	9.86	47.23

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Funding capital expenditure requirements for the purchase of equipment/machinery. ~ Rs. 10.25 Cr.

• To meet the expenses of the Working Capital Requirement. ~ Rs. 17.50 Cr.

• General Corporate Purpose.
  
  

Listed Peers of MARC Technocrats Ltd

Name of the Company	Face Value (Rs.)	EPS (Rs.)	P/E Ratio (x)
Dhruv Consultancy Service Limited	10	1.83	74.61
Rudrabhishek Enterprises Limited	10	3.68	85.19
Ceinsys Tech Limited	10	15.62	108.02

 

Valuation

KPI	Value
ROE	18.51%
ROCE	23.21%
Debt-to-Equity	0.05
RoNW	18.51%
PAT Margin	13.26%
Price to Book Value	6.23

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2024 with an EPS of Rs. 2.53 from the last year, the resulting P/E ratio is 36.75x.

Explore the Luxury Time IPO.

IPO's Strengths

• Skilled Management Group.

• The company provides services across the infrastructure project lifecycle, from conception to commissioning.

• Indian government ministries and departments, including MoRTH, NHIDCL, NHAI, PWDs, and Railways, are important clients.

IPO’s Weaknesses 

• The need for logistics in India directly affects Neptune Logitek's operations. Reduced freight volumes can negatively impact revenues and margins due to any slowdown in domestic or international trade, high fuel prices or changes in regulations.

• Liquidity pressure could result from any delay in receivables or an increase in interest expenses.

• Any operational disruptions such as fleet breakdowns, driver shortages or fines may impact service quality and profitability.

 

MARC Technocrats IPO GMP (Grey Market Premium)

MARC Technocrats IPO GMP today has not started yet as of 13 Dec 2025 while writing this information. 

 

MARC Technocrats IPO Summary

IPO Opening & Closing Date	17 Dec, 2025 to 19 Dec, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 88 to Rs. 93 per Share.
Lot Size	1200 Shares
Issue Size	45,79,200 Shares (Rs. 42.59 Cr)
Offer for Sale	9,09,600 Shares (Rs. 8.46 Cr)
Fresh Issue	34,30,800 Shares (Rs. 31.91 Cr)
Listing at	NSE, SME
Issue Type	Book build issue IPO
Registrar	Maashitla Securities Pvt. Ltd.

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (2400 Shares) for Rs. 2,23,200, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,34,800.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

MARC Technocrats IPO Allotment Status

To check the MARC Technocrats IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of MARC Technocrats Ltd.

• Mr. Hitender Kumar

• Ms. Suman Rathee

• Mr. Norang Rai Loohach.

Pre-Issue Promoter Shareholding	99.99%
Post-Issue Promoter Shareholding	73.55%

 

IPO Lead Managers

• Narnolia Financial Services Ltd. 
  
  

Dividend Policy

The company has not paid a dividend in any financial year.

 

 

Conclusion

Investors can gain exposure to India's expanding infrastructure consulting industry through the MARC Technocrats IPO, which is supported by government-backed clients, low debt, and a solid return on equity. However, the company is very dependent on project inflows and prompt payments from government agencies, and the valuation seems premium. Investors should thoroughly assess the risks and think about applying only in the long run.