Marushika Technology IPO 2026: Price Band, Key Dates, GMP Trend and Investor Guide

The Marushika Technology IPO is one of the SME public offerings in 2026 that has caught the attention of retail and institutional investors looking for opportunities in the information technology distribution and telecom infrastructure segment. The company operates as a distributor of IT and telecom products, offering solutions ranging from active networking systems to advanced data protection and surveillance infrastructure.

The Marushika Technology IPO is a book building issue with a total size of ₹ 26.97 crore, consisting entirely of fresh shares offered to the public. The price band for the issue is set between ₹ 111 and ₹ 117 per share, and the face value of each share is ₹ 10. Investors must bid for a minimum of 1,200 shares, with the higher investment tier requiring a minimum amount of ₹ 2,80,800 for two lots at the upper price band.

Subscription for the Marushika Technology IPO opened on 12 February 2026 and continued through 16 February 2026, giving investors a five‑day window to apply for shares. The issue is being offered on the NSE SME platform, which is dedicated to small and medium enterprises looking to raise capital and list on the exchange.

Investors closely follow grey market activity as an informal indicator of likely demand and listing performance. In the case of the Marushika Technology IPO, early GMP or grey market premium trends indicated neutral sentiment, with the GMP value showing minimal increase from the issue price band. A flat GMP often suggests that market participants expect a listing price close to the IPO price, although official listing outcomes may differ once the stock begins trading.

After the subscription closed on 16 February 2026, the next major milestone for applicants is the basis of allotment, which is scheduled to be finalised on 17 February 2026. Successful applicants can expect their allotted shares to be credited to their demat accounts on 18 February 2026, with refunds processed for unsuccessful bidders on the same date. Once shares are credited, investors can prepare for the official trading debut.

The Marushika Technology IPO listing date is set for 19 February 2026, when shares begin trading on the NSE SME exchange. Listing performance depends on a combination of subscription levels, general market sentiment, and investor interest. A strong debut could translate into listing gains for subscribed investors, while a flat or negative listing might reflect subdued demand at the time of market open.

Checking the IPO allotment status for Marushika Technology is straightforward once results are announced. Investors can visit the portal of the registrar, Skyline Financial Services Private Limited, and use their PAN number, application number, or demat account details to view the status. Most exchanges also provide allotment status tools under the IPO section, where applicants can verify their allotment and refund details.

Financial fundamentals of Marushika Technology show growing revenue and profit trends, with reported revenue and profit after tax increasing significantly in recent financial years. Although subscription numbers are not always disclosed immediately, early demand signals and GMP trends provide some insight into investor sentiment. It’s recommended that investors also study the company’s historical financial performance and future growth strategies before making investment decisions.

In summary, the Marushika Technology IPO 2026 offers an opportunity in the SME segment with accessible investment sizes, clearly defined subscription dates from 12 February to 16 February 2026, and a tentative listing on 19 February 2026. The price band of ₹ 111 to ₹ 117 per share and neutral grey market indications reflect cautious but steady investor interest. Prospective investors should monitor allotment results on 17 February 2026 and prepare for the listing day to assess initial market performance.