MARC Technocrats IPO offers exposure to an engineering, infrastructure and consultancy player that has grown steadily while maintaining healthy margins and a light balance sheet.
MARC Technocrats IPO – Key Details
- Company: MARC Technocrats Limited
- Sector: Engineering consultancy, infrastructure services and project support
- IPO Type: SME IPO (book-built, fresh issue)
- IPO Open Date: 17 December 2025
- IPO Close Date: 19 December 2025
- Basis of Allotment: 22 December 2025
- Refunds / Demat Credit: 23 December 2025
- Listing Date: 24 December 2025 (SME platform)
- Market Lot: 2,400 shares; minimum retail application = 2,400 shares worth ₹2,23,200
- Retail Max: 2,400 shares; S‑HNI range: 3,600–9,600 shares; B‑HNI: 10,800 shares
- Promoters: Hitender Kumar, Suman Rathee, Norang Rai Loohach
- Promoter Holding: 99.99% pre‑issue; 73.55% post‑issue
Business & Financial Snapshot
MARC Technocrats is engaged in engineering and project-related services, including design, consultancy and support to infrastructure and government/utility projects, with operations anchored from Gurgaon.
Financials (₹ in crore):
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 |
|
42.11 |
35.14 |
26.46 |
21.52 |
|
|
32.64 |
48.56 |
26.94 |
20.57 |
|
|
5.76 |
7.48 |
3.45 |
2.64 |
|
|
7.77 |
10.36 |
3.72 |
4.80 |
|
|
33.61 |
27.85 |
20.38 |
16.92 |
|
|
19.97 |
14.21 |
10.63 |
7.18 |
|
|
0.59 |
0.94 |
1.05 |
0.60 |
|
|
Amount in ₹ Crore |
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Peers cited: Dhruv Consultancy Services, Rudrabhishek Enterprises, Ceinsys Tech.
Objective of the Issue:-
- Funding capex for purchase of equipment/machinery – ₹10.25 crore
- Meeting working capital requirements – ₹17.50 crore
- General corporate purposes
IPO Reservation:-
MARC Technocrats IPO offers total 45,79,200 shares. Out of which 46,800 (1.02%) allocated to QIB, 21,45,600 (46.86%) allocated to NII 21,48,000 (46.91%) allocated to RII.
IPO Lot Size:-
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
Key Strengths :-
- Steady revenue and PAT growth over FY22–FY24
- High EBITDA and PAT margins for an engineering services SME
- Strong ROE and ROCE with negligible leverage
- Focused IPO use on machinery capex and working capital
- Promoters retaining majority stake post-issue
- Presence in infrastructure-linked consulting segment with long project cycles
Key Risks:-
- Small absolute scale of operations and profits
- SME listing with lower liquidity and higher volatility
- Revenue concentration risk from limited large clients/projects
- Working-capital dependence for project execution
- Execution risk in deploying new equipment and scaling orders
- Sensitivity to infra/government capex cycles and tendering delays
How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
FAQs
Q1. What are MARC Technocrats IPO dates and listing schedule?
IPO opens on 17 December 2025 and closes on 19 December 2025. Basis of allotment is on 22 December, refunds and Demat credit on 23 December, and listing on 24 December 2025.
Q2. What is the lot size and minimum retail investment?
The minimum lot size is 2,400 shares, translating into a minimum application amount of ₹2,23,200 for retail investors.
Q3. How is the issue reserved among investor categories?
As per SME norms: 50% of the net offer for QIBs, 15% for NIIs and 35% for retail investors.
Q4. How will IPO proceeds be utilised?
For purchase of equipment/machinery (₹10.25 crore), meeting working capital needs (₹17.50 crore) and general corporate purposes.
Q5. How has MARC Technocrats performed financially?
Revenue increased from ₹20.05 crore in FY22 to ₹26.94 crore in FY24, while PAT rose from ₹2.67 crore to ₹3.45 crore, with ROE 18.51% and debt‑equity 0.05 in FY24.
Q6. Who are the peer companies mentioned?
Dhruv Consultancy Services Limited, Rudrabhishek Enterprises Limited and Ceinsys Tech Limited are cited as peers in the engineering/consultancy and infra-services space.
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