Marc Technocrats IPO
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Marc Technocrats IPO details
Schedule of Marc Technocrats
| Issue open date | 17 Dec 2025 |
| Issue close date | 19 Dec 2025 |
| UPI mandate deadline | 19 Dec 2025 (5 PM) |
| Allotment finalization | 22 Dec 2025 |
| Refund initiation | 23 Dec 2025 |
| Share credit | 23 Dec 2025 |
| Listing date | 24 Dec 2025 |
| Mandate end date | 03 Jan 2026 |
| Lock-in end date for anchor investors (50%) | 21 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 22 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Marc Technocrats
Marc Technocrats Limited, established in 2007 and converted into a public company in 2024, is a specialised infrastructure consultancy firm promoted by Mr. Hitender Kumar, Ms. Suman Rathee, and Mr. Norang Rai Loohach. The company delivers Supervision and Quality Control services, Detailed Project Reports, Third-Party Techno-Financial Audits, and Pre-Bid Advisory across sectors such as roads and highways, railways, buildings, and water resources. It operates on a Business-to-Government model, serving major authorities including MoRTH, NHAI, NHIDCL, Railways, and various Public Works Departments.
Marc Technocrats’ business model is built on competitive tendering, technical expertise, and long-term project engagements that ensure quality, compliance, and timely execution. With a diversified service portfolio and strong relationships with government bodies, the company maintains a robust and growing order book. Its strengths lie in sectoral experience, skilled teams, project management capabilities, and the ability to deliver specialised consultancy solutions for national infrastructure development.
Financials of Marc Technocrats
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 42.59 |
| Fresh Issue – Proceeds go to the company | 34.13 |
| Offer for sale – Proceeds go to existing investors | 8.46 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capex for equipment and machinery | 10.25 (30.03%) |
| Working capital requirements | 17.5 (51.28%) |
| General corporate purposes | 6.38 (18.69%) |
Strengths
- Strong design and project execution capabilities.
- Experienced management team with a skilled workforce.
- Long-standing and cordial client relationships, including major government bodies.
- Robust quality assurance and control processes.
- Large and diversified order book across key infrastructure sectors.
Risks
- Revenue depends heavily on the timing and award of new government contracts.
- High revenue dependence on a limited number of major clients.
- Heavy reliance on the SQC segment makes performance sensitive to demand shifts.
- Dependence on leased office properties poses operational continuity risks.
- Challenges in attracting and retaining skilled manpower may impact project delivery.
Subscription Figures for Marc Technocrats
As per media reports (Link), the Grey Market Premium (GMP) of Marc Technocrats is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 05:00 PM on December 19, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 0.47 | 4.45 | 9.51x |
| NII | 21.46 | 192.85 | 8.99x |
| Retail | 21.48 | 230.90 | 10.75x |
| Total | 43.40 | 428.21 | 9.87x |