MARC TECHNOCRATS IPO
A Snapshot of the MARC TECHNOCRATS IPO
| IPO Period | 17th – 19th Dec 2025 |
|---|---|
| Listing on | 24 Dec 2025 |
| Price Band | ₹88 – ₹93 |
| Lot Size & Minimum Investment | 1200 shares – ₹111,600 |
| Total Issue Size | INR 42.59 Crores |
Marc Technocrats Limited is set to launch its Initial Public Offering (IPO), inviting investors to participate in its journey as a specialized infrastructure consultancy firm. This IPO presents an opportunity to invest in a company dedicated to national infrastructure development through its diverse range of services and established government client relationships. The offering opens for subscription on December 17, 2025, and concludes on December 19, 2025, with shares expected to list on December 24, 2025.
Important Dates for Investors
Prospective investors should be aware of the following key dates to ensure timely participation and tracking of their application status:
- Opening Date: 17 Dec 2025
- Closing Date: 19 Dec 2025
- UPI Payment Deadline: 19 Dec 2025 (5 PM)
- Allotment Announcement: 22 Dec 2025
- Refund Processing: 23 Dec 2025
- Demat Credit: 23 Dec 2025
- Stock Market Listing: 24 Dec 2025
- Mandate Validity End: 03 Jan 2026
- Anchor Investor Lock-in Release (50%): 21 Jan 2026
- Anchor Investor Lock-in Release (Remaining): 22 Mar 2026
*Dates may be revised as per official updates. Investors are advised to refer to the official prospectus for any changes.
Understanding Marc Technocrats Limited
Founded in 2007 and later converted into a public company in 2024, Marc Technocrats Limited has carved a niche as a specialized infrastructure consultancy firm. Promoted by Mr. Hitender Kumar, Ms. Suman Rathee, and Mr. Norang Rai Loohach, the company operates primarily on a Business-to-Government (B2G) model, offering critical services essential for robust infrastructure development across India.
Marc Technocrats delivers a comprehensive suite of services, including Supervision and Quality Control (SQC), Detailed Project Reports (DPRs), Third-Party Techno-Financial Audits, and Pre-Bid Advisory. These services span vital infrastructure sectors such as roads and highways, railways, buildings, and water resources. The company’s esteemed clientele includes prominent government authorities like the Ministry of Road Transport and Highways (MoRTH), National Highways Authority of India (NHAI), National Highways and Infrastructure Development Corporation Limited (NHIDCL), Indian Railways, and various Public Works Departments.
The company’s business model is underpinned by a commitment to competitive tendering, deep technical expertise, and engagement in long-term projects. This approach ensures stringent quality control, regulatory compliance, and timely project execution, which are paramount in the infrastructure sector. With a diversified service portfolio and robust relationships with key government bodies, Marc Technocrats has consistently maintained a strong and expanding order book. Their market position is further solidified by extensive sectoral experience, a highly skilled and dedicated team, sophisticated project management capabilities, and the proven ability to deliver specialized consultancy solutions crucial for national infrastructure growth.
IPO Structure and Capital Generation
The Marc Technocrats IPO aims to raise a total of INR 42.59 Crores through a combination of a fresh issue and an Offer for Sale (OFS).
| Total Funds Raised | INR 42.59 Crores |
|---|---|
| Fresh Issue Component | INR 34.13 Crores |
| Offer for Sale Component | INR 8.46 Crores |
The fresh issue component, amounting to INR 34.13 Crores, signifies the capital infused directly into the company to fuel its future growth and operational expansion. The Offer for Sale component, totaling INR 8.46 Crores, represents shares sold by existing shareholders, allowing them to monetize their holdings while providing liquidity. The substantial fresh issue portion underscores the company’s intent to utilize the proceeds for strategic investments and strengthening its financial position.
Strategic Utilization of IPO Proceeds
Marc Technocrats has outlined clear objectives for the capital raised through the fresh issue, aiming to bolster its operational capabilities and support its growth trajectory. The allocation of funds is as follows:
| Objective | Amount (INR Crores) | Allocation % |
|---|---|---|
| Capex for equipment and machinery | 10.25 | 30.03% |
| Working capital requirements | 17.50 | 51.28% |
| General corporate purposes | 6.38 | 18.69% |
A significant portion of the funds, over 51%, is earmarked for working capital requirements, essential for sustaining day-to-day operations and financing new projects. This ensures the company has sufficient liquidity to manage project cycles effectively. Furthermore, a substantial investment of over 30% into capital expenditure for equipment and machinery will enhance the company’s technical infrastructure and capabilities, crucial for delivering high-quality consultancy services. The remaining funds will be allocated towards general corporate purposes, providing flexibility for strategic initiatives, business development, and meeting various organizational needs.
Core Competencies and Advantages
Marc Technocrats possesses several distinctive strengths that contribute to its market position and growth prospects:
- Strong Design and Project Execution Capabilities: The company demonstrates robust expertise in both designing comprehensive project solutions and executing them efficiently, ensuring high standards in all deliverables.
- Experienced Management Team with a Skilled Workforce: A seasoned leadership team, coupled with a highly skilled and dedicated workforce, forms the backbone of the company’s operational excellence and strategic direction.
- Long-Standing and Cordial Client Relationships: Marc Technocrats has fostered enduring relationships with key government clients, which ensures repeat business and a stable revenue stream, thanks to a track record of reliability and trust.
- Robust Quality Assurance and Control Processes: The company adheres to stringent quality assurance protocols and control measures, ensuring that all projects meet the highest industry standards and client expectations.
- Large and Diversified Order Book: A healthy and varied order book across critical infrastructure sectors provides revenue visibility and mitigates risks associated with over-reliance on a single project type or sector.
Key Considerations for Potential Investors
While Marc Technocrats exhibits significant strengths, potential investors should also be aware of certain risk factors:
- Revenue Dependence on Government Contracts: The company’s revenue heavily relies on the timing and successful award of new contracts from government bodies, making it susceptible to policy changes, budgetary allocations, and tender processes.
- High Revenue Concentration on Limited Clients: A substantial portion of the company’s revenue is derived from a restricted number of major clients, which could pose a risk if any of these key relationships are impacted.
- Reliance on SQC Segment: Heavy dependence on the Supervision and Quality Control (SQC) segment makes the company’s performance sensitive to demand fluctuations and market shifts within this specific service area.
- Dependence on Leased Office Properties: Operating from leased office properties introduces potential operational continuity risks and exposure to rental market dynamics, compared to owning assets.
- Challenges in Attracting and Retaining Skilled Manpower: The ability to secure and retain highly skilled personnel is crucial for project delivery in the consultancy sector; challenges in this area could impact project timelines and quality.
Real-time Subscription Status Update
Investors keen on tracking the public interest in the Marc Technocrats IPO can refer to the subscription statistics, which reflect the demand from various investor categories. As of 05:00 PM on December 18, 2025, the subscription figures are as follows:
| Investor Category | Shares Reserved (Lakhs) | Shares Applied (Lakhs) | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.47 | 0.47 | 1.00 |
| Non-Institutional Investors (NII) | 21.46 | 6.89 | 0.32 |
| Retail Individual Investors (RII) | 21.48 | 33.36 | 1.55 |
| Total | 43.40 | 40.72 | 0.94 |
*Subscription numbers reflect the level of interest from different investor segments. Exchange data is considered the most reliable indicator of IPO interest.
Participating in the IPO
Investors interested in subscribing to the Marc Technocrats IPO can participate seamlessly through the official Dhan Kirti IPO platform. Ensure your application is submitted before the subscription window closes on December 19, 2025.
Investors can participate in this IPO via the official Dhan Kirti IPO platform before the subscription closes.







