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Allotment

Marushika Technology Limited

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.

Marushika Technology Limited IPO & Charts
₹78

0%

Open

₹78

HIgh - Low

₹78

Previous Close

₹78

Total Traded Value

0

52 Weeks High

₹78

52 Weeks Low

₹78

Updates On

Feb 2, 2026

IPO. Open

Feb 9, 2026

IPO. Close

Feb 11, 2026

IPO. Price

₹117.00

IPO Market price

₹99.88 Cr

IPO Details

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 Timeline

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

IPO Reservation

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

IPO Lot Size

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
About Company

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

  • Wide and diversified portfolio of IT solutions and offerings
  • Strong and established relationships with Original Equipment Manufacturers (OEMs)
  • Experienced and qualified management team
  • Presence across multiple industry verticals with long-standing customer relationships
  • Proven track record of financial performance
Marushika Technology Ltd. recorded a 41% growth in revenue, while its profit after tax (PAT) doubled, rising by 100% between the financial years ended March 31, 2024 and March 31, 2025.

Company Financials (Consolidated)

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 -

Key Performance Indicator (KPI)

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 Objective

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) -

Contact Details

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/

Detail Registrar

IPO Registrar
Skyline Financial Services Pvt.Ltd.

02228511022
ipo@skylinerta.com
https://www.skylinerta.com/ipo.php

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