Marushika Technology Limited distributes IT and telecom infrastructure products. The company delivers wide range of IT products and services like set up data centers, networking, telecom systems, surveillance, cybersecurity, and power management. It also offers installation, maintenance, and guidance and provide smart solutions such as access control, parking, lighting, and waste management.Business VerticalsIT & Telecom Infra Solutions: Data Center IT Infrastructure, Server & Internet Protocol, Videowall Display Solutions, Powers Solutions, Active Networking, etc.Auto-Tech Solutions for Defence: Repairs and refurbishments, Reverse Engineering, Control Panel, etc.Smart SolutionsThe company primarily follows Business to Business (B2B) business model and Business to Government (B2G) model, where services are offered to Government sector like Bharat Electronic Limited (BEL), Central Electronic Limited (CEL), Delhi Metro Rail Corporation (DMRC) and National Security Guard (NSG).Over the years, the company has completed more than 150 projects and as on july 31, 2025, it has ongoing projects worth Rs 2,835.42 Lakhs.Competitive StrengthsWide range and diversified IT solutions and offeringsEstablished strong relationship with Original Equipment Manufacturer (OEMs)Experienced and Qualified management teamPresence in multiple industry verticals with long-standing customer relationshipDemonstrated track record of financial performance
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
116,400 | ₹1.360 |
|
QIB (Ex Anchor)
|
1,087,200 | ₹12.720 |
|
NII
|
331,200 | ₹3.880 |
|
Retail
|
770,400 | ₹9.010 |
| Total ** | 2,305,200 | ₹26.970 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 2,400 | ₹280,800 |
| Retail (Max — 13 Lots) | 13 | 15,600 | ₹1,825,200 |
| S-HNI (Min — 14 Lots) | 14 | 16,800 | ₹1,965,600 |
| S-HNI (Max — 66 Lots) | 66 | 79,200 | ₹9,266,400 |
| B-HNI (Min — 67 Lots) | 67 | 80,400 | ₹9,406,800 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 331,200 | 770,400 | 1,101,600 |
| Allotment price (Rs.) | 117 | 117 | 117 | 117 | 117 | 117 | 117 | 117 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | 12.72 | 1.36 | 14.08 | — | — | 3.88 | 9.01 | 26.97 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 331,200 | 770,400 | 1,101,600 |
| Amount (Rs.cr.) | 12.72 | 1.36 | 14.08 | — | — | 3.88 | 9.01 | 12.89 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 116,400 | ₹1.36 |
5.05%
|
| QIB (Ex Anchor) | 1,087,200 | ₹12.72 |
47.16%
|
| NII / HNI | 331,200 | ₹3.88 |
14.37%
|
| Retail (RII) | 770,400 | ₹9.01 |
33.42%
|
| Total | 2,305,200 | ₹26.97 |
100.00%
|
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 48.71 | 85.63 | 60.83 |
| EBITDA | 5.64 | 10.47 | 5.67 |
| Profit After Tax (PAT) | 3.14 | 6.29 | 3.14 |
| Net Worth | 18.51 | 15.37 | 8.45 |
| Total Assets | 62.68 | 53.94 | 48.37 |
| Reserves & Surplus | 12.28 | 9.14 | 7.58 |
| Total Borrowings | 18.92 | 21.37 | 19.64 |
| EBITDA Margin (%) | 11.59% | — | — |
| PAT Margin (%) | 6.45% | — | — |
Marushika Technology Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: