MARC Technocrats IPO is a book-built issue aggregating to ₹42.59 crore. The issue comprises a fresh issue of 0.37 crore equity shares amounting to ₹34.13 crore and an offer for sale of 0.09 crore equity shares aggregating to ₹8.46 crore. The IPO opens for subscription on December 17, 2025, and closes on December 19, 2025, with the allotment expected to be finalised on December 22, 2025. The equity shares are proposed to be listed on the NSE SME platform on December 24, 2025.
The IPO is priced in a band of ₹88 to ₹93 per share with a face value of ₹10 per share. Retail investors are required to apply for a minimum of 2 lots comprising 2,400 shares, amounting to ₹2,23,200 at the upper price band. HNI investors must apply for a minimum of 3 lots comprising 3,600 shares, amounting to ₹3,34,800.
Narnolia Financial Services Limited is the book-running lead manager to the issue, Maashitla Securities Private Limited is the registrar, and Giriraj Stock Broking Private Limited is the market maker.
For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the MARC Technocrats IPO RHP.
Industry Outlook
- India’s infrastructure sector is expanding rapidly, led by sustained government investment in roads, highways, and transport connectivity.
- Flagship initiatives such as Bharatmala Pariyojana, the National Infrastructure Pipeline (NIP), and Gati Shakti are focused on improving logistics and mobility with emphasis on quality, durability, and timely execution.
- The Ministry of Road Transport and Highways and the National Highways Authority of India have set ambitious highway development and maintenance targets, supported by higher budgetary allocations and EPC and HAM participation.
- As of October 19, 2024, India’s national highway network exceeds 1.46 lakh kilometres, with continued focus on expansion and modernisation to support traffic growth and economic objectives.
- The sector offers strong opportunities for consultancy firms in design, supervision, quality control, and techno-financial audits, amid rising competition and increasing use of digital and survey technologies.
MARC Technocrats IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Acquire advanced equipment and machinery, including a state-of-the-art 3D Network Survey Vehicle (NSV) and IT infrastructure, to strengthen technical capabilities and improve service delivery in supervision, quality control, and project monitoring.
- Augment working capital resources to support the execution of large-scale government contracts, ensuring timely completion and compliance with stringent quality standards.
- Fund general corporate purposes, covering administrative expenses, strategic initiatives, and activities aimed at enhancing operational efficiency and long-term sustainability.
- Improve corporate visibility and governance through listing on NSE Emerge, enabling better access to capital markets, boosting investor confidence, and creating opportunities for future growth and partnerships.
About MARC Technocrats Limited
MARC Technocrats Limited was originally incorporated as Marc Technocrats Private Limited on 21 December 2011 under the Companies Act, 1956. It was subsequently converted into a public limited company and renamed Marc Technocrats Limited on 18 October 2024.
The company is engaged in providing infrastructure consultancy services, including supervision and quality control, preparation of detailed project reports (DPRs), techno-financial audits, and pre-bid advisory. Its services cater primarily to government clients such as the Ministry of Road Transport and Highways (MoRTH), National Highways Authority of India (NHAI), National Highways and Infrastructure Development Corporation Limited (NHIDCL), Public Works Departments (PWDs), and Indian Railways.
With a strong emphasis on technical expertise and compliance with international standards, MARC Technocrats operates from its registered office in Gurgaon, Haryana. The company has developed a reputation for delivering high-quality consultancy solutions for large-scale infrastructure projects, supported by advanced technologies such as 3D Network Survey Vehicles and digital monitoring systems.
MARC Technocrats’ operations are primarily focused within India, with a significant presence in states including Haryana, Rajasthan, Uttar Pradesh, and Madhya Pradesh. Its growth strategy is underpinned by its commitment to technological innovation, operational excellence, and timely project execution.
By leveraging its established credentials and expanding technical capabilities, MARC Technocrats Limited aims to strengthen its position in the infrastructure consultancy sector, capitalising on the government’s continued investment in road and highway development under programmes such as Bharatmala Pariyojana and Gati Shakti.
How To Check the Allotment Status of the MARC Technocrats IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One 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.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for MARC Technocrats IPO Online?
- Login to Your Angel One Account: Open the Angel One app or 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 MARC Technocrats 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.
Contact Details of MARC Technocrats IPO
Registered Office: Plot No. 48, Sector-18, Gurgaon – 122015, Haryana, India.
Phone: +91 124 426 7444
E-mail: cs@marctechnocrats.com
Strengths and Opportunities of MARC Technocrats IPO
- Established track record in infrastructure consultancy for major government projects.
- Strong client base including MoRTH, NHAI, NHIDCL, and PWDs.
- Robust order book of ₹25,546.23 lakh as of September 30, 2025.
- Experienced promoters and technical team with proven industry expertise.
- Focus on advanced technology such as 3D Network Survey Vehicles for precision and efficiency.
- Growing demand for road and highway development under Bharatmala and Gati Shakti programmes.
- Government push for quality and compliance, creating sustained consultancy opportunities.
- SME listing on NSE Emerge to enhance visibility and access to capital for future expansion.
Risks and Threats of MARC Technocrats IPO
- High dependence on government contracts, exposing the company to policy and budget changes.
- Limited private sector presence, restricting diversification opportunities.
- Working capital-intensive operations, creating liquidity pressure during project delays.
- Outstanding litigations and contingent liabilities, which may impact financial stability.
- Promoter group retains significant control post-issue, influencing key decisions.
- Competitive bidding environment, leading to margin pressure and pricing risks.
- Reliance on timely execution of large projects, where delays can affect revenue recognition.
- Exposure to regulatory and compliance risks, including delays in approvals and certifications.
