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Marushika Technology Ltd

Marushika Technology Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹117
₹117
GMP (Grey Market)
+₹2
+1.71%
Est. Listing Price
₹119
Based on GMP
Min. Investment
₹140,400
1 lot × 1200 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
12 Feb 2026
Close Date
16 Feb 2026
Allotment
17 Feb 2026
Listing Date
19 Feb 2026
Exchange
BSE SME
Price Band
₹117
Listing Price
See chart
Allotment Status
Price Band
₹117
Per share
Face Value
₹10 per share
 
Lot Size
1,200 Shares
per lot
Issue Size
23,05,200 shares (agg. up to ₹27 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹140,400
1 lot
Pre-IPO Holding
62,31,568 shares
Promoters
Post-IPO Holding
85,36,768 shares
Promoters
P/E (Pre)
11.6x
 
P/E (Post)
15.89x
 
EPS (Pre)
₹10.09
 
EPS (Post)
₹7.36
 
UPI Deadline
5:00 PM on 16 Feb 2026
Mandate
GMP
+₹2
+1.71% est.
Anchor AllotmentWed, 11 Feb 2026
Basis of AllotmentTue, 17 Feb 2026
Refund InitiationWed, 18 Feb 2026
Demat CreditWed, 18 Feb 2026
Listing DayThu, 19 Feb 2026
UPI Mandate Deadline5:00 PM on 16 Feb 2026
Sale TypeFresh Capital
Net Offer to Public21,88,800 shares (agg. up to ₹26 Cr)
Market Maker Quota1,16,400 shares (agg. up to ₹1 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Marushika Technology Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 16 Feb 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
116,400
₹1.36
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
2,305,200
100% ₹26.97
IPO Shares Offered
Marushika Technology Ltd IPO total issue size: ₹26.97 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 116,400 ₹1.36
5.05%
Total 2,305,200 ₹26.97
100.00%
* Based on upper price band ₹117 per share
Lot Size & Investment
Lot Size
1,200
Shares per Lot
Issue Price
₹117.00
Upper Band
Min Investment
₹140,400
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)22,400₹280,800
Retail (Max — 13 Lots)1315,600₹1,825,200
S-HNI (Min — 14 Lots)1416,800₹1,965,600
B-HNI (Min — 68 Lots)6881,600₹9,547,200
* Issue Price ₹117 × Lot Size 1,200 shares
IPO Schedule
Anchor
11 Feb 2026
✓ Done
IPO Open
12 Feb 2026
✓ Done
IPO Close
16 Feb 2026
✓ Done
Allotment
17 Feb 2026
✓ Done
Refunds
18 Feb 2026
✓ Done
Demat Credit
18 Feb 2026
✓ Done
Listing Day
19 Feb 2026
✓ Done
Marushika Technology Ltd — Live Price LIVE
₹117.00
INR · BSE
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Issue ₹117.00 GMP: +₹2 Live Price
About Marushika Technology Ltd
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 VerticalsIT & Telecom Infra Solutions: Data Center IT Infrastructure, Server & Internet Protocol, Videowall Display Solutions, Powers Solutions, Active Networking, etc.Auto-Tech Solutions for Defence: Repairs and refurbishments, Reverse Engineering, Control Panel, etc.Smart SolutionsThe company primarily follows Business to Business (B2B) business model and Business to Government (B2G) model, where services are offered to Government sector like Bharat Electronic Limited (BEL), Central Electronic Limited (CEL), Delhi Metro Rail Corporation (DMRC) and National Security Guard (NSG).Over the years, the company has completed more than 150 projects and as on july 31, 2025, it has ongoing projects worth Rs 2,835.42 Lakhs.Competitive StrengthsWide range and diversified IT solutions and offeringsEstablished strong relationship with Original Equipment Manufacturer (OEMs)Experienced and Qualified management teamPresence in multiple industry verticals with long-standing customer relationshipDemonstrated track record of financial performance
Objects of the Issue
1
Repayment and/ or pre-payment, in part or full, of certain borrowings availed by our Company
2
Funding of working capital requirement
3
General Corporate Purposes
Marushika Technology Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹60.8
31 Mar 2024
₹85.6
31 Mar 2025
₹48.7
30 Sep 2025
Profit After Tax (PAT)
₹3.1
31 Mar 2024
₹6.3
31 Mar 2025
₹3.1
30 Sep 2025
Particulars30 Sep 202531 Mar 202531 Mar 2024
Revenue from Operations 48.71 85.63 60.83
EBITDA 5.64 10.47 5.67
Profit After Tax (PAT) 3.14 6.29 3.14
Net Worth 18.51 15.37 8.45
Total Assets 62.68 53.94 48.37
Reserves & Surplus 12.28 9.14 7.58
Borrowings 18.92 21.37 19.64
EBITDA Margin (%) 11.59%
PAT Margin (%) 6.45%
P/BV Ratio
3.94
RoE
18.52%
RoCE
13.89%
RoNW
18.52%
PAT Margin
6.45%
EBITDA Margin
11.59%
Debt/Equity
1.02
Issue Structure & Shareholding
Total Shares Offered23,05,200 (100.00%)
Net Offer to Public21,88,800 shares (agg. up to ₹26 Cr)
Reserved for Market Maker1,16,400 shares (agg. up to ₹1 Cr)
Pre-Issue Promoter Holding62,31,568 shares
Post-Issue Promoter Holding85,36,768 shares
P/BV Ratio3.94
RoE18.52%
RoCE13.89%
Debt / Equity1.02
Script CodeN/A
Registrar & Lead Managers
IPO Registrar
Skyline Financial Services Pvt.Ltd
Check Allotment
Book Running Lead Managers
Nexgen Capitals Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Marushika Technology Ltd IPO subscribed?

Marushika Technology Ltd IPO is subscribed 1.00 times by Feb 16, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Marushika Technology Ltd IPO retail subscription status?

The Marushika Technology Ltd IPO retail category is subscribed 1.00 times as of 16 Feb 2026. The retail portion is oversubscribed.

How to subscribe Marushika Technology Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 12 Feb 2026 and closes 16 Feb 2026. Min investment: ₹140,400 (1 lot = 1,200 shares). UPI mandate: 5:00 PM on 16 Feb 2026.

How many times Marushika Technology Ltd IPO subscribed?

The Marushika Technology Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Marushika Technology Ltd IPO allotment?

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 17 Feb 2026. Refunds: on 18 Feb 2026.

When Marushika Technology Ltd IPO will be listed?

The Marushika Technology Ltd IPO listing date is 19 Feb 2026, Thursday. Listed on: BSE SME. Issue price: ₹117. Estimated listing: ₹119. GMP: +₹2.

When Marushika Technology Ltd IPO close?

The Marushika Technology Ltd IPO closes on 16 Feb 2026, Monday. UPI mandate: 5:00 PM on 16 Feb 2026. Allotment: 17 Feb 2026. Listing: 19 Feb 2026.