MARC Technocrats IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 17 to Dec 19 2025
Price Band
₹88 - 93
Current GMP
₹74.4 (-20%)
Subscription
9.87 times
IPO Details
| IPO Date | 17 to 19 Dec, 2025 |
| Listing Date | Wed, Dec 24, 2025 |
| Face Value | ₹ 10 per share |
| Price Band | ₹88 to ₹93 |
| Issue Price | ₹93 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,79,200 shares (agg. up to ₹ 43 Cr) |
| Reserved for Market Maker | 2,38,800 shares (agg. up to ₹ 2 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue | (Ex Market Maker) 34,30,800 shares (agg. up to ₹ 32 Cr) |
| Offer for Sale | 9,09,600 shares of ₹ 10 (agg. up to ₹ 8 Cr) |
| Net Offered to Public | 43,40,400 shares (agg. up to ₹ 40 Cr) |
| Share Holding Pre Issue | 1,36,43,783 shares |
| Share Holding Post Issue | 1,73,13,383 shares |
| NSE Symbol | MARC |
| ISIN | INE0TD401015 |
IPO Date
17 to 19 Dec, 2025
Listing Date
Wed, Dec 24, 2025
Face Value
₹ 10 per share
Price Band
₹88 to ₹93
Issue Price
₹93 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital & OFS
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
45,79,200 shares (agg. up to ₹ 43 Cr)
Reserved for Market Maker
2,38,800 shares (agg. up to ₹ 2 Cr) Giriraj Stock Broking Pvt.Ltd.
Fresh Issue
(Ex Market Maker) 34,30,800 shares (agg. up to ₹ 32 Cr)
Offer for Sale
9,09,600 shares of ₹ 10 (agg. up to ₹ 8 Cr)
Net Offered to Public
43,40,400 shares (agg. up to ₹ 40 Cr)
Share Holding Pre Issue
1,36,43,783 shares
Share Holding Post Issue
1,73,13,383 shares
NSE Symbol
MARC
ISIN
INE0TD401015
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 9.51 |
| Non-Institutional Buyers*** | 8.99 |
| bNII (bids above ₹10L) | 10.18 |
| sNII (bids below ₹10L) | 6.61 |
| Individual Investors | 10.75 |
| Total ** | 9.87 |
Market Maker
1
QIB (Ex Anchor)
9.51
Non-Institutional Buyers***
8.99
bNII (bids above ₹10L)
10.18
sNII (bids below ₹10L)
6.61
Individual Investors
10.75
Total **
9.87
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Dec 1 7, 2025 (Day 1) | 0.00 | 0.30 | 0.45 | 0.02 | 1.02 | 0.65 |
| Dec 1 8, 2025 (Day 2) | 1.00 | 0.32 | 0.40 | 0.17 | 1.58 | 0.95 |
| Dec 1 9, 2025 (Day 3) | 9.51 | 8.99 | 10.18 | 6.61 | 10.75 | 9.87 |
DayDec 1
7, 2025 (Day 1)
QIB (Ex Anchor)0.00
NII*0.30
NII (> ₹10L)0.45
NII (< ₹10L)0.02
Individual Investors1.02
Total0.65
DayDec 1
8, 2025 (Day 2)
QIB (Ex Anchor)1.00
NII*0.32
NII (> ₹10L)0.40
NII (< ₹10L)0.17
Individual Investors1.58
Total0.95
DayDec 1
9, 2025 (Day 3)
QIB (Ex Anchor)9.51
NII*8.99
NII (> ₹10L)10.18
NII (< ₹10L)6.61
Individual Investors10.75
Total9.87
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 24-12-2025 | 93.00 | -2(-2.15%) | 91 |
| 23-12-2025 | 93.00 | -2(-2.15%) | 91 |
| 22-12-2025 | 93.00 | -2(-2.15%) | 91 |
| 21-12-2025 | 93.00 | 2(2.15%) | 95 |
| 20-12-2025 | 93.00 | 2(2.15%) | 95 |
| 19-12-2025 | 93.00 | 2(2.15%) | 95 |
| 18-12-2025 | 93.00 | 4(4.30%) | 97 |
| 17-12-2025 | 93.00 | 0(0.00%) | 93 |
| 16-12-2025 | 93.00 | 0(0.00%) | 93 |
| 15-12-2025 | 93.00 | 0(0.00%) | 93 |
| 14-12-2025 | 93.00 | 0(0.00%) | 93 |
| 13-12-2025 | 93.00 | 0(0.00%) | 93 |
| 12-12-2025 | 93.00 | 0(0.00%) | 93 |
Date24-12-2025
Price93.00
GMP-2(-2.15%)
Estimate List Price91
Date23-12-2025
Price93.00
GMP-2(-2.15%)
Estimate List Price91
Date22-12-2025
Price93.00
GMP-2(-2.15%)
Estimate List Price91
Date21-12-2025
Price93.00
GMP2(2.15%)
Estimate List Price95
Date20-12-2025
Price93.00
GMP2(2.15%)
Estimate List Price95
Date19-12-2025
Price93.00
GMP2(2.15%)
Estimate List Price95
Date18-12-2025
Price93.00
GMP4(4.30%)
Estimate List Price97
Date17-12-2025
Price93.00
GMP0(0.00%)
Estimate List Price93
Date16-12-2025
Price93.00
GMP0(0.00%)
Estimate List Price93
Date15-12-2025
Price93.00
GMP0(0.00%)
Estimate List Price93
Date14-12-2025
Price93.00
GMP0(0.00%)
Estimate List Price93
Date13-12-2025
Price93.00
GMP0(0.00%)
Estimate List Price93
Date12-12-2025
Price93.00
GMP0(0.00%)
Estimate List Price93
IPO Important Dates
| IPO Open | Wed, Dec 17, 2025 |
| IPO Close | Fri, Dec 19, 2025 |
| Allotment | Mon, Dec 22, 2025 |
| Refund | Tue, Dec 23, 2025 |
| Credit of Shares | Tue, Dec 23, 2025 |
| Listing | Wed, Dec 24, 2025 |
IPO Open
Wed, Dec 17, 2025
IPO Close
Fri, Dec 19, 2025
Allotment
Mon, Dec 22, 2025
Refund
Tue, Dec 23, 2025
Credit of Shares
Tue, Dec 23, 2025
Listing
Wed, Dec 24, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,23,200 |
| Individual investors (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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,23,200
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,23,200
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,34,800
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹8,92,800
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹10,04,400
Key Performance Indicator
| 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 |
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
Peers Comparison
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Marc Technocrats Limited | 5.48 | 20.41 | 31.00 | ||
| Dhruv Consultancy Service Limited | 4.14 | 54.57 | 11.52 | 6.72 | 0.87 |
| Rudrabhishek Enterprises Limited | 7.55 | 81.94 | 17.08 | 9.83 | 1.59 |
| Ceinsys Tech Ltd | 48.09 | 231.78 | 20.77 | 26.54 | 4.32 |
Company NameMarc Technocrats Limited
EPS (Basic)5.48
NAV (per share) (Rs)20.41
P/E (x)
RoNW (%)31.00
P/BV Ratio
Company NameDhruv Consultancy Service Limited
EPS (Basic)4.14
NAV (per share) (Rs)54.57
P/E (x)11.52
RoNW (%)6.72
P/BV Ratio0.87
Company NameRudrabhishek Enterprises Limited
EPS (Basic)7.55
NAV (per share) (Rs)81.94
P/E (x)17.08
RoNW (%)9.83
P/BV Ratio1.59
Company NameCeinsys Tech Ltd
EPS (Basic)48.09
NAV (per share) (Rs)231.78
P/E (x)20.77
RoNW (%)26.54
P/BV Ratio4.32
IPO Reservation
| Market Maker Shares Offered | 2,38,800 (5.21%) |
| QIB Shares Offered | 46,800 (1.02%) |
| NII (HNI) Shares Offered | 21,45,600 (46.86%) |
| − bNII > ₹10L | 14,29,200 (31.21%) |
| − sNII < ₹10L | 7,16,400 (15.64%) |
| Retail Shares Offered | 21,48,000 (46.91%) |
| Total Shares Offered | 45,79,200 (100.00%) |
Market Maker Shares Offered
2,38,800 (5.21%)
QIB Shares Offered
46,800 (1.02%)
NII (HNI) Shares Offered
21,45,600 (46.86%)
− bNII > ₹10L
14,29,200 (31.21%)
− sNII < ₹10L
7,16,400 (15.64%)
Retail Shares Offered
21,48,000 (46.91%)
Total Shares Offered
45,79,200 (100.00%)
Information about company
Incorporated in August 2007, MARC Technocrats Limited provides infrastructure consultancy services, including supervision and quality control, detailed project reports, techno-financial audits, and pre-bid advisory services.
The company offers services for infrastructure projects, such as roads and highways, railways, buildings, and water resources.
The company operates on a B2G model, primarily generating revenue from services to government departments and ministries, including MoRTH, NHIDCL, NHAI, PWDs, and Railways.
The company's services included:-
As of November 30, 2025, the Company has 181 employees on the Company payroll.
Competitive Strength
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure requirements for the purchase of equipment/machineries 10.25 2 To meet out the expenses of Working Capital Requirement 17.50 3 To meet out the General Corporate Purposes;
Disclaimer
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