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Marushika Technology Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹117
Per Share
GMP
+₹2
+1.71% Grey Market
Est. Listing
₹119
Expected Price
Min. Application
₹280,800
2 lots × 1200 shares
IPO Issue Details
Issue Price / Price Band₹117 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size23,05,200 shares (agg. up to ₹27 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 12 Feb 2026
Subscription CloseMon, 16 Feb 2026
Anchor AllotmentWed, 11 Feb 2026
Basis of AllotmentTue, 17 Feb 2026
Initiation of RefundsWed, 18 Feb 2026
Credit of Shares to DematWed, 18 Feb 2026
Listing DateThu, 19 Feb 2026
UPI Mandate Deadline5:00 PM on 16 Feb 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,80,800 — 2,400 shares
Retail — Max (13 Lots)₹1,825,200 (13 Lots)
HNI — Min (3 Lots)₹4,21,200 — 3,600 shares
EPS (Pre-IPO)₹10.09
EPS (Post-IPO)₹7.36
P/E Ratio (Pre-IPO)11.6x
P/E Ratio (Post-IPO)15.89x
Net Offer to Public21,88,800 shares (agg. up to ₹26 Cr)
Reserved for Market Maker1,16,400 shares (agg. up to ₹1 Cr)
Pre-IPO Promoter Holding62,31,568 shares
Post-IPO Promoter Holding85,36,768 shares
About Marushika Technology Ltd

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

Objects of the Issue

Marushika Technology Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Repayment and/ or pre-payment, in part or full, of certain borrowings availed by our Company
5.00
2
Funding of working capital requirement
14.68
3
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 62,31,568 shares
Post-IPO Promoter Holding 85,36,768 shares
Check AllotmentCheck Status →
Marushika Technology Ltd — Live Price LIVE
₹117.00
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Issue ₹117.00 GMP: +₹2 (+1.71%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹117
GMP+₹2
Est. Listing₹119
Lot Size1,200 shares
Min Amount₹280,800
Listing Date19 Feb 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹117
Listing Date19 Feb 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 116,400 ₹1.36 Cr
TOTAL 2,305,200 100.00% ₹26.97 Cr
* Based on ₹117.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,200
Shares
Issue Price
₹117.00
Per Share
Min Investment
₹140,400
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,200 ₹140,400
Retail (Max) 13 15,600 ₹1,825,200
sNII (Min) 14 16,800 ₹1,965,600
bNII (Min) 68 81,600 ₹9,547,200
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Sep 202531 Mar 202531 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
Key Ratios & Valuation
Issue Price ₹117
Face Value ₹10 Per Share
P/BV 3.94
RoE 18.52%
RoCE 13.89%
RoNW 18.52%
PAT Margin (%) 6.45%
EBITDA Margin (%) 11.59%
Debt / Equity 1.02
Company Details
Company
Marushika Technology Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Shop No. 5 Acharya Niketan, Mayur Vihar, East Delhi, New Delhi, 110091
Book Running Lead Managers
Nexgen Capitals Ltd
Book Running Lead Manager (BRLM)