Marushika Technology IPO 2026: Price Band, Dates, GMP & Allotment Guide

Marushika Technology Ltd is launching its SME IPO this month, offering investors exposure to an IT and telecom infrastructure distribution and solutions provider. Here’s a clear news-style summary of the key details and timeline:

IPO Price Band & Size

• Price Band: ₹111 to ₹117 per share. 
• Face Value: ₹10 per share. 
• Total Issue Size: Approximately ₹26.97 crore, entirely through a fresh issue of 23,05,200 shares. 
• Offer Type: Book-built IPO on the NSE SME (Emerge) platform. 

Bidding & Allotment Timeline

• IPO Opens: 9 February 2026. 
• IPO Closes: 11 February 2026. 
• Basis of Allotment: 12 February 2026. 
• Refunds Initiated: 13 February 2026. 
• Shares Credited to Demat Accounts: 13 February 2026. 
• IPO Listing Date: 16 February 2026 on NSE SME. 

Minimum Investment & Lot Size

• Lot Size: 1,200 shares per lot. 
• Minimum Retail Investment: 2 lots = 2,400 shares costing approximately ₹2,80,800 at the upper price band. 
• SHNI Minimum: 3 lots = 3,600 shares (~₹4,21,200). 
• SHNI Maximum: 7 lots = 8,400 shares (~₹9,82,800). 
• BHNI Minimum: 8 lots = 9,600 shares (~₹11,23,200). 

Grey Market Premium (GMP)

• As of the latest updates, the IPO’s grey market premium stands at ~₹0, indicating no strong unofficial listing premium ahead of the IPO subscription and listing. 

Business Overview
Marushika Technology, incorporated in 2010, provides end-to-end IT and telecom infrastructure products and smart solutions. Its offerings include data centre setups, active networking systems, surveillance and power management solutions, along with smart technology products such as access controls and intelligent lighting for corporate and government clients.

Financial Snapshot (Recent Years)

• Revenue growth from ~₹60.8 crore in FY 2024 to ~₹85.6 crore in FY 2025. 
• Profit after tax rose from about ₹3.14 crore in FY 2024 to ₹6.29 crore in FY 2025. 

Investor Outlook
Marushika Technology’s IPO caters to investors looking at smaller SME listings with exposure to the IT and telecom equipment segment. With the issue window open from 9–11 February 2026 and listing slated for 16 February 2026, subscription interest and allocation trends will be key to watch in the coming days.