Marc Technocrats Limited is an infrastructure consultancy company engaged in providing end-to-end technical and advisory services across key infrastructure sectors in India.
The company’s service portfolio includes Supervision and Quality Control (SQC), preparation of Detailed Design and Project Reports (DPRs), Third-Party Techno-Financial Audits, and Pre-Bid Advisory services for infrastructure projects. rhp (2)
The company provides consultancy services for a wide range of infrastructure projects, including roads and highways, railways, buildings, and water resources. Its operations are primarily aligned with a Business-to-Government (B2G) model, wherein a significant portion of revenue is generated from assignments awarded by central and state government departments and public sector authorities.
The Company’s Key clients include the Ministry of Road Transport and Highways (MoRTH), National Highways Authority of India (NHAI), National Highways and Infrastructure Development Corporation Limited (NHIDCL), various Public Works Departments (PWDs), and Indian Railways.
Marc Technocrats’ service offerings span the entire project lifecycle. Under supervision and quality control, the company ensures compliance with prescribed technical standards and project specifications. Through DPRs and detailed design services, it supports project planning and execution readiness.
As a third-party techno-financial auditor, the company independently evaluates technical feasibility, cost efficiency, and financial viability. Additionally, its pre-bid advisory services assist clients in competitive bidding by analyzing technical parameters, economic structures, and contractual obligations of infrastructure projects.
As of December 31, 2024, the company had a workforce of 182 employees on its payroll, reflecting its in-house technical and professional capabilities to execute consultancy assignments across multiple regions and sectors.
MARC Technocrats IPO – Details
| IPO Opening Date | 17 December 2025 |
| IPO Closing Date | 19 December 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 45,79,200 Shares Worth ₹42.59 Crore Fresh Issue: 36,69,600 Shares Worth ₹34.13 Crore Offer For Sale: 9,09,600 Shares Worth ₹8.46 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹88 – ₹93 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Maashitla Securities Pvt.Ltd. |
| QIB Shares Offered | 1.1% |
| NII Shares Offered | 49.4% |
| Retail Shares Offered | 49.5% |
MARC Technocrats IPO – Date Schedule
| IPO Open Date | 17 December 2025 |
| IPO Close Date | 19 December 2025 |
| Basis of Allotment | 22 December 2025 |
| Initiation of Refund | 23 December 2025 |
| Credit of Shares to Demat | 23 December 2025 |
| IPO Listing Date | 24 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 19, 2025 |
MARC Technocrats IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,23,200 |
| 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 |
Competitive Strength
- Experienced Management Team.
- Company offers services from concept to commissioning in the infrastructure project lifecycle.
- Major clients include Indian government departments and ministries like MoRTH, NHIDCL, NHAI, PWDs, and Railways.
Company Promoters
- Mr. Hitender Kumar
- Ms. Suman Rathee
- Mr. Norang Rai Loohach
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹20.57 Cr | ₹17.05 Cr | ₹2.64 Cr | ₹0.60 Cr |
| 31 March 2024 | ₹26.94 Cr | ₹22.33 Cr | ₹3.45 Cr | ₹1.05 Cr |
| 31 March 2025 | ₹48.56 Cr | ₹38.56 Cr | ₹7.48 Cr | ₹0.94 Cr |
| 30 September 2025 | ₹32.64 Cr | ₹24.94 Cr | ₹5.76 Cr | ₹0.59 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding capital expenditure requirements for the purchase of equipment/machinery. | ₹10.25 |
| To meet out the expenses of Working Capital Requirement. | ₹17.50 |
| General Corporate Purposes. | – |
✅Strengths
- B2G-focused business with steady orders from MoRTH, NHAI, NHIDCL, PWDs & Railways.
- End-to-end infrastructure consultancy services (SQC, DPRs, audits, pre-bid advisory).
- Presence across multiple segments—roads, railways, buildings & water projects.
- Strong repeat-client contribution indicates stable relationships.
- Capability to handle large projects through joint ventures and MOUs.
⚠️Risks
- Heavy dependence on government spending and tender awards.
- Project-based revenue with limited long-term visibility.
- Revenue concentration from a limited number of clients.
- Geographic concentration in select states.
- Dependence on skilled technical manpower for execution.
MARC Technocrats IPO Promoter Holding
| Pre-Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.55% |
MARC Technocrats IPO Prospectus
Company Contact Information
| MARC Technocrats Ltd. 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 IPO Registrar
| Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
MARC Technocrats IPO Lead Manager(s)
| 1. Narnolia Financial Services Ltd. |
MARC Technocrats IPO FAQ
| What is MARC Technocrats IPO? MARC Technocrats IPO is an SME IPO. The issue is priced at ₹88 – ₹93 per equity share. The IPO is to be listed on NSE SME. |
| When will MARC Technocrats IPO open? The IPO is to open on 17 December 2025 for QIB, NII, and Retail Investors. |
| What is MARC Technocrats IPO Investors’ Portion? The investors’ portion for QIB – 1.1%, NII – 49.4%, and Retail – 49.5%. |
| What is the MARC Technocrats IPO Size? MARC Technocrats’ IPO size is ₹42.59 Crore. |
| What are the MARC Technocrats IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,23,200, while the maximum bid is 2400 Shares for ₹2,23,200. |
| What is the MARC Technocrats IPO Allotment Date? MARC Technocrats IPO allotment date is 22 December 2025. |
| What is the MARC Technocrats IPO Listing Date? MARC Technocrats’ IPO listing date is 24 December 2025. The IPO is to be listed on the NSE SME. |
