MARC Technocrats IPO is a book-built issue IPO, aiming to raise ₹42.59 crore. It comprises a fresh issue of 0.37 crore equity shares aggregating to ₹34.13 crore and an offer for sale of 0.09 crore equity shares amounting to ₹8.46 crore. The bidding window was open from December 17, 2025, to December 19, 2025, with the IPO allotment expected to be finalised on December 22, 2025. MARC Technocrats IPO is scheduled to list on NSE SME on December 24, 2025.
The IPO was priced at ₹88–₹93 per share with a lot size of 1,200 shares. The public issue received bids for 4,28,20,800 shares against 43,40,400 shares available, resulting in an overall subscription of 9.87 times. Retail investors led the response, subscribing 10.75 times their quota, followed by QIBs at 9.51 times and NIIs at 8.99 times.
MARC Technocrats’ ₹42.59 crore IPO, priced at ₹88–₹93 per share, was subscribed 9.87 times overall. The IPO is a fresh issue of 0.37 crore equity shares aggregating to ₹34.13 crore and an offer for sale of 0.09 crore equity shares amounting to ₹8.46 crore.
Bidding took place from December 17 to December 19, 2025, with the MARC Technocrats IPO allotment status expected on December 22, 2025. Retail investors subscribed 10.75 times, while QIBs and NIIs subscribed 9.51 times and 8.99 times, respectively and listing is scheduled for December 24, 2025.
The table below breaks down the MARC Technocrats share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| 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%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 9.51 |
| Non-Institutional Investors (NII) | 8.99 |
| Retail Individual Investors (RII) | 10.75 |
| Total | 9.87 |
Note: The subscription details are as of December 19, 2025
MARC Technocrats Limited was incorporated in August 2007 and operates as an infrastructure consultancy services company. It provides professional services across supervision, quality control, and advisory functions for infrastructure development projects. The company’s activities are aligned with technical, financial, and compliance requirements for public-sector infrastructure execution.
The company offers consultancy services for roads and highways, railways, buildings, and water resource projects. Its service portfolio includes supervision and quality control services, preparation of detailed design and project reports, and third-party techno-financial audits. These services support project planning, execution, and compliance across various stages of the infrastructure lifecycle.
MARC Technocrats primarily operates on a B2G business model, with a significant portion of its revenue generated from government departments and ministries. Key clients include the Ministry of Road Transport and Highways, NHIDCL, NHAI, state Public Works Departments, and Indian Railways. This client base reflects the company’s focus on public infrastructure projects across India.
As of November 30, 2025, the company had 181 employees on its payroll, supporting technical, managerial, and operational functions. The management team provides services from concept to commissioning across infrastructure projects. The company continues to focus on delivering consultancy and advisory solutions for government-led infrastructure development.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 19, 2025, 6:21 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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