Marushika Technology IPO
Marushika Technology IPO
Overview
Marushika Technology IPO is a book build issue of ₹26.97 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹26.97 crore. Marushika Technology IPO opens for subscription on Feb 9, 2026 and closes on Feb 11, 2026. The allotment for the Marushika Technology IPO is expected to be finalized on Feb 12, 2026. Marushika Technology IPO will list on NSE SME with a tentative listing date fixed as Feb 16, 2026. Marushika Technology IPO price band is set at ₹111 to ₹117 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,80,800 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,21,200. Nexgen Capitals Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue.
Issue Size
₹23,05,200
Issue Price
₹27 Cr
Price Band
₹111 – ₹117
Lot Size
1200 shares
Min. Investment
₹1,33,200
Max. Investment
₹1,40,400
Open Date
12 Feb, 2026
Close Date
16 Feb, 2026
Allotment
17 Feb, 2026
Listing
19 Feb, 2026
Max. Investment
₹1,40,400
Announced
12 Feb, 2026
Opening Date
12 Feb, 2026
Closing Date
16 Feb, 2026
Basis of Allotment
17 Feb, 2026
Initiation of Refunds
18 Feb, 2026
Credit of Shares
18 Feb, 2026
Listing Date
19 Feb, 2026
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About Marushika Technology IPO
Marushika Technology Limited distributes IT and telecom infrastructure products. The company delivers wide range of IT products and services like set up data centers, networking, telecom systems, surveillance, cybersecurity, and power management. It also offers installation, maintenance, and guidance and provide smart solutions such as access control, parking, lighting, and waste management.
Business Verticals
- IT & Telecom Infra Solutions: Data Center IT
Marushika Technology IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.0% increase in shares
Marushika Technology IPO Financial Health
Marushika Technology Ltd.'s revenue increased by 41% and profit after tax (PAT) rose by 100% between the financial year ending with March 31, 2025 and March 31, 2024.
Marushika Technology IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,80,800 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,80,800 |
| S-HNI (Min) | 3 | 3600 | ₹4,21,200 |
| S-HNI (Max) | 7 | 8400 | ₹9,82,800 |
| B-HNI (Min) | 8 | 9600 | ₹11,23,200 |
(All values in CR)
Marushika Technology IPO Valuations
| Metric | Value |
|---|---|
| ROE | 52.77 |
| ROCE | 26.88 |
| Debt/Equity | 1.39 |
| RoNW | 52.77 |
| PAT Margin | 7.37 |
| EBITDA Margin | 12.63 |
| Price to Book Value | 4.79 |
(All values in CR)
Marushika Technology IPO Strength & Risk
Marushika Technology IPO Strengths
Presence in IT and telecom products and infrastructure distribution
Serves business and government clients, offering potential demand stability
Exposure to growing digital and connectivity needs
Indications of revenue and profit growth in recent periods
Fresh issue structure aimed at supporting expansion and balance-sheet strength
Marushika Technology IPO Risks
SME listing may result in lower liquidity and higher price volatility
Dependence on technology and telecom spending cycles
Competitive and margin-sensitive distribution business
Reliance on key suppliers and principal companies
Execution and scaling risks as the business grows
Marushika Technology IPO Subscriptions Status
Marushika Technology IPO subscribed 5.35 times. The public issue subscribed 4.85 times in the individual investors category, 0.00 times in QIB (Ex Anchor), and 13.55 times in the NII category by February 16, 2026 12:30:00 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 6,51,600 | 6,51,600 | 7.624 |
| Market Maker | 1.00 | 1,16,400 | 1,16,400 | 1.362 |
| QIB (Ex Anchor) | 0.00 | 4,35,600 | 0 | 0 |
| NII | 13.55 | 3,31,200 | 44,89,200 | 52.524 |
| bNII (> ₹10L) | 16.69 | 2,19,600 | 36,66,000 | 42.892 |
| sNII (< ₹10L) | 7.38 | 1,11,600 | 8,23,200 | 9.631 |
| Individual Investors | 4.85 | 7,70,400 | 37,39,200 | 43.749 |
| Total | 5.35 | 15,37,200 | 11,86,800 | 96.272 |
Marushika Technology IPO GMP
Marushika Technology SME IPO last GMP is ₹0, last updated Feb 16th 2026 11:31 AM. With the price band of 117.00, Marushika Technology SME IPO's estimated listing price is ₹117 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 16 Feb, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 16 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 16 Feb, 2026 |
| 15 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 15 Feb, 2026 |
| 14 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 14 Feb, 2026 |
| 13 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 13 Feb, 2026 |
| 12 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 12 Feb, 2026 |
| 11 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 11 Feb, 2026 |
| 10 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 10 Feb, 2026 |
| 09 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 09 Feb, 2026 |
| 08 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 08 Feb, 2026 |
| 07 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 07 Feb, 2026 |
| 06 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 06 Feb, 2026 |
| 05 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 05 Feb, 2026 |
| 04 Feb, 2026 | 117 | ₹0 | - | ₹117 (0.00%) | - | 04 Feb, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Marushika Technology IPO
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Go to IPO Section
Find Marushika Technology IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.