Marc Technocrats Ltd IPO

The IPO opens on 17 Dec 2025 & closes on 19 Dec 2025.

Marc Technocrats Limited was Incorporated as a Private Limited Company in the name and style of 'Marc Technocrats Private Limited' vide Certificate of Incorporation dated August 02, 2007 issued by Registrar of Companies, Delhi. Thereafter, the status converted from Private Limited to a Public Limited Company & name of the Company got changed from 'Marc Technocrats Private Limited' to 'Marc Technocrats Limited' & Central Processing Centre, Manesar, Haryana has issued a new certificate upon conversion dated November 12, 2024. The Company is engaged into engineering consultancy specializing in civil and environmental sector, comprising Supervision and Quality Control (SQC), preparation of Detailed Project Reports (DPRs), Third-Party Techno-Financial Auditor and Pre-Bid Advisory services. It provide services for infrastructural projects such as roads and highways, railways, buildings, and water resources. The Company primarily operates on a Business-to-Government (B2G) model, through delivering of services to government department and ministries such as Ministry of Road Transport and Highways (MoRTH), National Highways and Infrastructure Development Corporation Limited (NHIDCL), National Highways Authority of India (NHAI), Public Works Departments (PWDs) and Railways. Company is planning an IPO of 45,79,200 Equity Shares of Rs 10/- each comprising a fresh issue of 36,69,600 Equity Shares and 9,09,600 Equity Shares through offer for sale.

Marc Technocrats Ltd IPO will close on 19 Dec 2025.

<ul><li>Design and execution capabilities.</li><li>Experienced management team and a motivated and efficient work force.</li><li>Cordial relations with our customers.</li><li>Quality assurance and control.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Hitender Kumar</td> <td>12737748</td> <td>93.35</td> <td>11828148</td> <td>68.32</td> </tr> <tr> <td>2</td> <td>Suman Rathee</td> <td>905335</td> <td>6.64</td> <td>905335</td> <td>5.23</td> </tr> <tr> <td>3</td> <td>Norang Rai Loohach</td> <td>140</td> <td>---</td> <td>140</td> <td>---</td> </tr> </tbody> </table>

<ul><li>Its revenue generation is significantly dependent on government-tendered projects. If there are unfavorable changes in the policies of the government, it could result in closure, termination or renegotiation of its contracts, which would impact on the company business and financial performance significantly.</li><li>The company is dependent on a limited number of clients for a significant portion of its revenues, and the loss of any key client could adversely affect the company business, financial condition and results of operations.</li><li>Its majority of revenue dependent on the services provided by it under Supervision and quality control (SQC) segment, any decline in the demand for these services can affect its revenue and result of operations.</li><li>The Contracts in its order book may be adjusted, cancelled, or suspended by the company clients at their discretion, and therefore its order book is not necessarily indicative of future revenues or earnings.</li><li>The company Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditor of the Company. This would lack of consistency or continuity in the financial review process, resulting oversight of material issues or misstatement in the financial statements.</li><li>There are outstanding legal proceedings involving its Promoters and Directors. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.</li><li>Its contingent liabilities as stated in the company Restated Financial Statements could adversely affect its financial conditions.</li><li>The Company is yet to place orders for all the plant & machineries for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries may delay its implementation schedule and may also lead to increase in price of these plant & machineries, further affecting its revenue and profitability.</li><li>Its business involves handling highly sensitive and confidential project data, and any failures to maintain the secrecy of this information could adversely impact the company operations and financial condition.</li><li>The Company has had negative cash flows from its investment and financing activities in the current and past years. Sustained negative cash flow could have an impact on its growth and business.</li><li>Its revenue and earnings are significantly dependent on the award of new contracts, which are determined through a bidding process over which the company has no direct control, and as a result, its financial performance may fluctuate based on factors outside the company control.</li><li>The property used by the company as its corporate office and branch offices for the purpose of its operations is not owned by it. Any termination of the relevant lease agreements could adversely affect its operations.</li><li>The company reliance on software, automated systems, and machinery is critical to its operations, and any failures or disruption in their performance could adversely affect its business and financial condition.</li><li>The company enter into joint ventures with third parties for infrastructure consultancy services, risks associated with these arrangements could affect its business operations.</li><li>As an integral aspect of its business operations, it is necessary for the company to provide bank guarantees. Failing to secure these guarantees or the activation of such guarantees has the potential to negatively impact its cash flows and financial standing.</li><li>The company operations requires substantial working capital, and any shortfall in cash flow, credit, or funding availability could adversely impact its operations.</li><li>The Company have made certain delayed filings with respect to provisions of the GST Act, Income Tax Act, and other applicable laws in the last 5 Years.</li><li>The Company has made certain delays in compliance with certain statutory provisions of the Companies Act, 2013. Such delayed filings may attract penalties and prosecution against the Company and its directors which could impact the financial position of the Company to that extent.</li><li>Its responsibility for the timely completion of projects and adherence to performance standards is crucial, and failures to meet these obligations may result in client loss, additional costs, or reduced revenue.</li><li>There is no monitoring agency appointed by the Company and the deployments of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.</li><li>The average cost of acquisition of Equity Shares by our Promoter could be lower than the Issue Price.</li><li>Its insurance coverage in connection with the company business may not be adequate and may adversely affect its operations and profitability.</li><li>The Company operates under several statutory and regulatory permits, licenses and approvals. The company failures to obtain and/or renew any approvals or licenses in future may have an adverse impact on its business operations.</li><li>The Company has entered into certain related party transactions in the past and may continue to do so in the future.</li><li>The Logo of the Company has not been registered under the Trademarks Act, 1999.</li><li>Its business relies on skilled personnel, and the company inability to recruit and retain such personnel could adversely impact its operations and growth prospects.</li><li>The company ability to manage workforce levels in line with current and future project needs is crucial to its business, and failures to secure future contract awards or delays in project commencements may lead to additional employee-related costs.</li><li>The company is dependent on its Promoters, its senior management and other key personnel, and the loss of, or the company inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.</li><li>If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company financial risk.</li><li>The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.</li><li>The company faces competition in its business from organized and unorganized players, which may adversely affect the company business operation and financial condition.</li><li>Its inability to manage growth could disrupt the company business and reduce profitability.</li><li>Its future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.</li><li>In addition to normal remuneration or benefits and reimbursement of expenses, some of its Promoters and Directors are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.</li><li>The company has allotted equity shares during the preceding one year from the date of the draft red herring prospectus, which could be lower than the issue price.</li><li>Its ability to pay dividends in the future will depends on the company earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.</li><li>Certain key performance indicators for certain listed industry peers included in this Draft Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.</li><li>Industry information included in this Draft Red Herring Prospectus has been derived from an industry report from various websites. The reliability on the forecasts of the reports could be incorrect and would significantly impact its operations.</li><li>The company will continue to be controlled by its Promoter and Promoter Group after the completion of the Issue, which will allow them to influence the outcome of matters submitted for approval of the company shareholders.</li><li>There are certain restrictions on daily movements in the price of Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.</li><li>After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.</li><li>Market price of its share will be decided by market forces and issue price of equity share may not be indicative of the market price its share price after the issue.</li><li>Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.</li><li>Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.</li><li>QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.</li></ul>

The Issue type of Marc Technocrats Ltd is Book Building - SME.

The minimum application for shares of Marc Technocrats Ltd is 2400.

The total shares issue of Marc Technocrats Ltd is 4579200.

Initial public offering up to 45,79,200 equity shares of Rs. 10/- each ("Equity Shares") of Marc Technocrats Limited ("MTL" or the "Company") for cash at a price of Rs. [*]/- per equity share (the "Issue Price"), aggregating to Rs. [*] crores ("the Issue"), comprising a fresh issue of up to 36,69,600 equity shares aggregating to Rs. [*] crores by its company ("Fresh Issue") and an offer for sale of up to 9,09,600 equity shares by Mr. Hitender Kumar ("Promoter" and "Selling Shareholders") aggregating to Rs. [*] crores ("Offer for Sale"). Out of the issue, 2,38,800 equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. 43,40,400 issue of equity shares of face value of Rs. 10/- each at an issue price of Rs. [*]/- per equity share aggregating to Rs. [*] crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.45 % and 25.07 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the floor price and cap price are [*] times and [*] times of the face value of the equity shares, respectively. Price Band: Rs. 88/- to Rs. 93/- per equity share of face value Rs. 10/- each. The floor price is 8.8 times the face value and cap price is 9.3 times the face value of equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.