Allotment

Marushika Technology IPO is a book-built issue worth ₹26.97 crore, consisting entirely of a fresh issue of 0.23 crore equity shares.
The IPO will open for subscription on February 9, 2026, and close on February 11, 2026. The basis of allotment is expected to be finalized on February 12, 2026, with a tentative listing on the NSE SME platform scheduled for February 16, 2026.
The price band for the IPO has been fixed at ₹111 to ₹117 per share. The application lot size is 1,200 shares. Retail investors are required to apply for a minimum of 2 lots (2,400 shares), amounting to ₹2,80,800 at the upper price band. For HNI investors, the minimum application size is 3 lots (3,600 shares), aggregating to ₹4,21,200.
Nexgen Capitals Ltd. is acting as the book-running lead manager to the issue, while Skyline Financial Services Pvt. Ltd. has been appointed as the registrar.
₹780%
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Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
IPO. Open
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IPO Market price
| IPO Date | 16 Feb |
| IPO Listing Date | 16 Feb |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹117.00 |
| IPO Issue Size | 23,05,200 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 62,31,568 shares |
| IPO Open Date | 9 Feb |
| IPO Close Date | 11 Feb |
| IPO Allotment (Tentative) | 12 Feb |
| Refunds | 13 Feb |
| Credit to Demat Account | 13 Feb |
| IPO Listing Date | 16 Feb |
| Category | Offer |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 35.00% of the Offer |
| Retail Shares Offered | Not less than 15.00% of the Offer |
Investors may bid for a minimum of 2,400 shares, and thereafter in multiples of 1,200 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,80,800 |
| Retail (Max) | 2 | 2,400 | ₹2,80,800 |
| S-HNI (Min) | 3 | 3,600 | ₹4,21,200 |
| S-HNI (Max) | 7 | 8,400 | ₹9,82,800 |
| B-HNI (Min) | 8 | 9,600 | ₹11,23,200 |
Marushika Technology Limited is engaged in the distribution of IT and telecom infrastructure products. The company offers a wide range of IT products and services, including data center setup, networking, telecom systems, surveillance, cybersecurity, and power management solutions. It also provides installation, maintenance, and advisory services, along with smart solutions such as access control, parking management, lighting systems, and waste management.
Business Verticals
IT & Telecom Infrastructure Solutions:
Data center IT infrastructure, servers and internet protocol solutions, videowall display solutions, power solutions, active networking, and related services.
Auto-Tech Solutions for Defence:
Repairs and refurbishments, reverse engineering, control panels, and allied solutions.
Smart Solutions:
Integrated technology-driven solutions for infrastructure and urban management.
The company primarily operates under a Business-to-Business (B2B) and Business-to-Government (B2G) model, providing services to government and public sector organizations such as Bharat Electronics Limited (BEL), Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), and the National Security Guard (NSG).
Over the years, Marushika Technology Limited has completed more than 150 projects. As of July 31, 2025, the company had ongoing projects valued at ₹2,835.42 lakh.
Competitive Strengths
| Assets | 53.94 | 48.37 | - |
| Total Income | 85.63 | 60.83 | - |
| Profit After Tax | 6.29 | 3.14 | - |
| EBITDA | 10.77 | 6.15 | - |
| NET Worth | 15.37 | 8.45 | - |
| Reserves and Surplus | 9.14 | 7.58 | - |
| Total Borrowing | 21.37 | 19.64 | - |
| 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 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 18 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Marushika Technology Ltd. Address
Shop No. 5 Acharya Niketan,
Mayur Vihar,
East Delhi, New Delhi, 110091
0120-4290383
Info@marushika.in
http://www.marushika.in/
IPO Registrar
Skyline Financial Services Pvt.Ltd.
02228511022
ipo@skylinerta.com
https://www.skylinerta.com/ipo.php