Marushika Technology IPO Details
Marushika Technology IPO Summary
Marushika Technology IPO opens for subscription on 12 Feb 2026 and closes on 16 Feb 2026.The IPO will be listed on NSE with the tentative listing date set for 19 Feb 2026.
Marushika Technology IPO price band has been fixed at ₹111 – ₹117 per share. The face value is ₹10 per share with a lot size of 1200.
Marushika Technology IPO total issue size comprises 23,05,200 shares (aggregating up to ₹26.97 Cr). This includes a fresh issue of 23,05,200 shares (aggregating up to ₹26.97 Cr). Pre-issue shareholding stands at 62,31,568, which will increase to 85,36,768 post-issue.
Marushika Technology IPO carries a ₹2 (1.71%) GMP, reflecting investor sentiment.
Marushika Technology IPO Lot Size :Individual Minimum is 2 lots (2,400 shares) amounting to ₹280,800. Individual Maximum is 2 lots (2,400 shares) amounting to ₹280,800. SHNI Minimum is 3 lots (3,600 shares) amounting to ₹421,200. SHNI Maximum is 7 lots (8,400 shares) amounting to ₹982,800. BHNI Minimum is 8 lots (9,600 shares) amounting to ₹1,123,200.
The Lead Managers for Marushika Technology IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Nexgen Capitals Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Nikunj Stock Brokers. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Marushika Technology Limited RHP.
Marushika Technology IPO Details
Marushika Technology IPO Subscription
Marushika Technology IPO Application Wise Breakup
Marushika Technology IPO Dates
- 12 Feb 2026Opening dateOpen
- 16 Feb 2026Closing dateClose
- 17 Feb 2026Allotment Date Allotment
- 18 Feb 2026Initiation of RefundsRefund
- 18 Feb 2026Credit of SharesCredit
- 19 Feb 2026Listing dateListing
Marushika Technology IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2400 | ₹280,800 |
| Individual Maximum | 2 | 2400 | ₹280,800 |
| SHNI Minimum | 3 | 3600 | ₹421,200 |
| SHNI Maximum | 7 | 8400 | ₹982,800 |
| BHNI Minimum | 8 | 9600 | ₹1,123,200 |
Marushika Technology IPO Reservation
Promoter Holding
Documents
Marushika Technology IPO Valuations
Marushika Technology Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 62.68 | 53.94 | 48.37 |
| Total Income | 48.71 | 85.63 | 60.83 |
| Profit After Tax | 3.14 | 6.29 | 3.14 |
| EBITDA | 5.64 | 10.47 | 5.67 |
| NET Worth | 18.51 | 15.37 | 8.45 |
| Reserves and Surplus | 12.28 | 9.14 | 7.58 |
| Total Borrowing | 18.92 | 21.37 | 19.64 |
| Amount in ₹ Crore | |||
About Marushika Technology IPO
Marushika Technology Limited is engaged in the distribution and implementation of IT and telecom infrastructure products and solutions. The Company delivers a wide range of services including data centre setup, networking, telecom systems, surveillance, cybersecurity, and power management. It also provides installation, maintenance, technical guidance, and smart infrastructure solutions such as access control, parking management, smart lighting, and waste management.
Business Verticals
- IT & Telecom Infrastructure Solutions: Data centre IT infrastructure, servers and internet protocol systems, videowall display solutions, power solutions, and active networking.
- Auto-Tech Solutions for Defence: Repairs and refurbishments, reverse engineering, and control panel solutions.
- Smart Solutions: Technology-enabled infrastructure services for enterprise and urban applications.
The Company primarily operates under Business-to-Business (B2B) and Business-to-Government (B2G) models, serving enterprise customers and government organisations.
Over the years, Marushika Technology Limited has completed more than 150 projects. As of July 31, 2025, the Company had ongoing projects aggregating approximately ₹2,835.42 lakhs, reflecting its active project pipeline.
Strength Of Marushika Technology IPO
- Good track record.
- Effective market anticipation.
- Cordial relations with our clients.
- Emerging segment in India.
Risk Of Marushika Technology IPO
- The company's revenue generation is significantly dependent on Government tendered projects and its associated entities including public sector undertakings and government organisations. If there are unfavorable changes in the policies of the government, it could result in closure, termination or renegotiation of our projects order, which would impact on its business and financial performance significantly.
- The company is dependents on a limited number of clients for a significant portion of its revenue. Any adverse changes in industry dynamics, client strategies, or the loss of a major client could significantly affect the company's business operations and financial performance.
- The Contracts in the company's order book may be adjusted, cancelled, or suspended by its clients at their discretion, and therefore the company's order book is not necessarily indicative of future revenues or earnings.
- Majority of its revenue is dependent on the products and services provided by the company under IT and Telecom Infrastructure (IT) Vertical, any decline in the demand for these services can affect our revenue and result of operations.
- The Company is dependent on various Original Equipment Manufacturers (OEMs) for the supply of products required for its projects, to act as a value-added distributor and is exposed to risks relating to fluctuations in their prices and shortage of Products.
- The company's business will suffer if we fail to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and the industries on which the company focus.
- The company's contingent liabilities as stated in the company's Restated Financial Statements could adversely affect its financial conditions.
- the company's top 10 Suppliers contribute a significant portion of its product purchase during the financial year ended March 31, 2025 and March 31, 2024. Any dispute with one or more of them may adversely affect the company's business operations.
- Majority of its revenues from operations are majorly derived from the state of Delhi and Uttar Pradesh. Any adverse developments affecting its operations in the state could have an adverse impact on the company's revenue and the results of operations.
- There are outstanding legal proceedings involving the Company, Promoters, Directors, KMPs, SMPs and Group Company. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
Objectives Marushika Technology IPO
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
Company Contact Details
Marushika Technology Ltd.
Shop No. 5 Acharya Niketan,
Mayur Vihar,
East Delhi, New Delhi, 110091
Phone: 0120-4290383
Email: Info@marushika.in
Website: http://www.marushika.in/
Registrar Contact Details
Marushika Technology FAQs
The Marushika Technology IPO is a SME public issue comprising 2305200 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹26.97 Cr. The issue price has been fixed at ₹117 per equity share, and the minimum application size is 1200 shares.
The IPO opens for subscription on 12 Feb 2026, and closes on 16 Feb 2026.
Skyline Financial Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹2 (1.71%).
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