Synopsis: MARC Technocrats Limited is launching its SME IPO in December 2025. The company provides infrastructure consultancy services to government bodies across roads, highways, railways, buildings, and water resources. Here is a detailed overview of its business model, financials, IPO details, and key strengths.
MARC Technocrats IPO: Complete Details
MARC Technocrats Limited is an infrastructure consultancy firm offering services such as Supervision and Quality Control (SQC), Detailed Project Report (DPR) preparation, Third-Party Techno-Financial Audits, and Pre-Bid Advisory.
The company primarily operates on a Business-to-Government (B2G) model.
Its key clients include central and state government agencies such as MoRTH, NHAI, NHIDCL, Public Works Departments, and the Indian Railways.
Business Operations & Expertise
- Civil engineering consultancy
- Highway, bridge & structural design
- Topography and surveying services
- Project preparation & construction supervision
- Project management for roads and bridges
MARC Technocrats applies innovative engineering techniques across design, execution, and quality assurance.
As of 31 December 2024, the company employed 182 professionals.
Promoters
- Mr. Hitender Kumar
- Ms. Suman Rathee
- Mr. Norang Railoohach
MARC Technocrats IPO – Offer Details
- IPO Dates: 17 – 19 December 2025
- Price Band: ₹88 – ₹93 per share
- Fresh Issue: 36,69,600 shares (₹32.29 – ₹34.12 crore)
- Offer for Sale: 9,09,600 shares (₹8.00 – ₹8.46 crore)
- Total Issue Size: ₹40.30 – ₹42.59 crore
- Lot Size: 1,200 shares
- Minimum Bid: 2,400 shares (₹2,23,200)
- Retail Allocation: 35%
- Listing Platform: NSE EMERGE
Financial Performance (₹ Crore)
| Year | Revenue | Expenses | Net Income |
|---|---|---|---|
| FY 2022 | 19.40 | 16.42 | 2.67 |
| FY 2023 | 20.16 | 17.05 | 2.64 |
| FY 2024 | 26.04 | 22.33 | 3.45 |
| H1 FY 2025 | 21.76 | 17.09 | 3.78 |
Valuations & Margins
- EPS (FY24): ₹2.53
- RONW: 18.51%
- NAV: ₹14.93
- ROCE: 23.21%
- EBITDA Margin: ~18.4%
- Debt/Equity: 0.05
IPO Timeline
- Basis of Allotment: 22 December 2025
- Refunds Initiation: 23 December 2025
- Shares Credited: 23 December 2025
- Listing Date: 24 December 2025
Lead Manager & Registrar
Lead Manager: Narnolia Financial Services Ltd, Kolkata
Registrar: Maashitla Securities Pvt Ltd, New Delhi
Company Contact Details
MARC Technocrats Limited
GF-48, JMD Megapolis, Sector-48, Sohna Road,
Gurgaon, Haryana – 122018
Email: info@mtplonline.in
Website: www.mtplonline.in
📌 Key Takeaway
MARC Technocrats’ IPO offers investors exposure to India’s infrastructure consultancy segment with strong government linkage, steady margins, low debt, and consistent growth. As a B2G-focused engineering firm, its performance is closely tied to public infrastructure spending.
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