MARC Technocrats shares list at 20% discount on IPO price on NSE SME platform
MARC Technocrats experienced a disappointing market debut, with its shares listing at a 20% discount on the NSE SME platform. Despite a strong IPO subscription, the infrastructure consultancy firm's stock opened at Rs 74.4 against its issue price ...
By ETMarkets.com | Updated:
ETMarkets.com
In a weak Dalal Street debut, shares of MARC Technocrats listed with a 20% discount below the IPO price on Wednesday. The stock opened at Rs 74.4 on the NSE SME platform as compared to its issue price of Rs 93.
The Rs 43 crore IPO, which closed for subscription on December 19, was subscribed 9.87 times overall. Retail investors led the demand, bidding 10.75 times the shares reserved for them, while the non-institutional investor category was subscribed nearly nine times. Qualified institutional buyers also showed interest, subscribing 9.51 times the portion available to them, excluding the market maker allocation.
MARC Technocrats offered its shares in a price band of Rs 88 to Rs 93 per share and has fixed the issue price at Rs 93. The IPO consists of a fresh issue of shares worth Rs 34.13 crore and an offer for sale of about Rs 8.46 crore by existing shareholders.
Proceeds from the fresh issue will flow into the company, while the OFS component will provide partial exits to selling shareholders.
MARC Technocrats operates as an infrastructure consultancy services provider. The company offers supervision and quality control services, detailed project reports, techno-financial audits and pre-bid advisory services. Its work spans key infrastructure segments such as roads and highways, railways, buildings and water resources.
The company follows a B2G business model and derives most of its revenue from government bodies and public sector clients. Its key customers include central and state government departments and agencies such as the Ministry of Road Transport and Highways, NHAI, NHIDCL, public works departments and the Railways. As of November 2025, MARC Technocrats had a workforce of 181 employees.
Financially, the company has reported strong growth in recent years. Between FY24 and FY25, revenue rose about 80%, while profit after tax increased 117%. For FY25, total income stood at Rs 48.56 crore, with profit after tax of Rs 7.48 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The Rs 43 crore IPO, which closed for subscription on December 19, was subscribed 9.87 times overall. Retail investors led the demand, bidding 10.75 times the shares reserved for them, while the non-institutional investor category was subscribed nearly nine times. Qualified institutional buyers also showed interest, subscribing 9.51 times the portion available to them, excluding the market maker allocation.
MARC Technocrats offered its shares in a price band of Rs 88 to Rs 93 per share and has fixed the issue price at Rs 93. The IPO consists of a fresh issue of shares worth Rs 34.13 crore and an offer for sale of about Rs 8.46 crore by existing shareholders.
Proceeds from the fresh issue will flow into the company, while the OFS component will provide partial exits to selling shareholders.
MARC Technocrats operates as an infrastructure consultancy services provider. The company offers supervision and quality control services, detailed project reports, techno-financial audits and pre-bid advisory services. Its work spans key infrastructure segments such as roads and highways, railways, buildings and water resources.
The company follows a B2G business model and derives most of its revenue from government bodies and public sector clients. Its key customers include central and state government departments and agencies such as the Ministry of Road Transport and Highways, NHAI, NHIDCL, public works departments and the Railways. As of November 2025, MARC Technocrats had a workforce of 181 employees.
ADVERTISEMENT
Financially, the company has reported strong growth in recent years. Between FY24 and FY25, revenue rose about 80%, while profit after tax increased 117%. For FY25, total income stood at Rs 48.56 crore, with profit after tax of Rs 7.48 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
MARC Technocrats IPO: Check GMP, price band, subscription and other detailsADVERTISEMENT
