IPO

Marushika Technology Limited IPO

NSE SME Live

Offer Date: Feb 12, 2026 - Feb 16, 2026

₹ 280800 /2400 Shares
*Min Investment

Apply

12 Feb, 2026

Open Date

16 Feb, 2026

Close Date

17 Feb, 2026

Allotment Date

19 Feb, 2026

Listing Date
Marushika Technology IPO Live Subscription Details
View Subscription Details
QIB 0.00x
Individual 0.51x
NIIs 0.09x
BHNI 0.00x
SHNI 0.28x
Individual 0.51x
Total 0.27x
Last updated: 12 Feb 2026, 05:54 PM
Marushika Technology IPO Issue Details
  • Issue Price ₹111-117 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 23,05,200 shares(aggregating up to ₹26.97 crore)
  • Fresh Share 23,05,200 shares(aggregating up to ₹26.97 crore)
  • Listing at NSE SME
  • Lead Manager Nexgen Capitals Ltd.
  • Registrar Skyline Financial Services Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 2400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 2400 ₹2,80,800
Individual(max) 2 2400 ₹2,80,800
SHNI(min) 3 3600 ₹4,21,200
SHNI(max) 7 8400 ₹9,82,800
BHNI(min) 8 9600 ₹11,23,200
Marushika Technology IPO Reservation

Marushika Technology IPO offers total 2305200 shares. Out of which 435600 (18.9%) allocated to QIB, 331200 (14.37%) allocated to NII,770400 (33.42%) allocated to RII, NA (NA%) allocated to employees and 651600 (28.27%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 651600 (28.27%)
Market Maker Shares Offered 116400 (5.05%)
QIB Shares Offered 435600 (18.9%)
NII (HNI) Shares Offered 331200 (14.37%)
bNII > ₹10L 219600 (9.39%)
sNII < ₹10L 111600 (4.85%)
Individual Shares Offered 770400 (33.42%)
Total Shares Offered 2305200 (100%)
Marushika Technology IPO Documents
Marushika Technology IPO Details


Marushika Technology Limited IPO is an SME IPO, priced at ₹111-117 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 23,05,200 equity shares, aggregating up to ₹26.97 crores..

The IPO bidding window is open from Feb 12, 2026 to Feb 16, 2026. The allotment is expected to be finalized on Feb 17, 2026, and the tentative listing date is Feb 19, 2026.

The minimum lot size for Individual investors is 2400 shares, with a minimum investment of ₹2,80,800.

Nexgen Capitals Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Pvt.Ltd., and

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Marushika Technology IPO Subscription Analysis And Details
Retail
0.50x
NII
0.09x
sNII
0.28x
Total
0.27x
As on QIB NII
bNII   sNII
Individual Total
Shares Offered / Reserved 4,35,600 3,31,200
2,19,600    1,11,600
7,70,400 15,37,200
Day 1 12-02-26 05:00 PM
0.00 x 0.09 x
0.00 x   0.28 x
0.50 x 0.27 x
Marushika Technology Valuations
EPS Pre IPO ₹10.09/-
EPS Post IPO ₹7.35/-
P/E Pre IPO 11.60
P/E Post IPO 15.91
ROE 52.77%
ROCE 26.88%
Debt/Equity 1.39
RoNW 52.77%
PAT Margin 7.37%
Price to Book Value 4.74
Market Cap. 99.88 Cr.
Marushika Technology Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24
Assets 62.68 53.94 48.37
Revenue 48.71 85.63 60.83
Profit After Tax 3.14 6.29 3.14
Net Worth 18.51 15.37 8.45
Reserves & Surplus 12.28 9.14 7.58
Total Borrowing 18.92 21.37 19.64
About Marushika Technology Company

Marushika Technology Limited is an IT and telecom infrastructure products distributor. The firm provides a broad range of IT products and services such as setting up data centers, networking, telecom solutions, surveillance, cybersecurity, and power management. It also provides installation, maintenance, and guidance and smart solutions such as access control, parking, lighting, and waste management solutions.

Business Verticals:
IT & Telecom Infra Solutions: Data Center IT Infrastructure, Server & Internet Protocol, Videowall Display Solutions, Powers Solutions, Active Networking, and others.
Auto-Tech Solutions for Defence: Repairs and Refurbishments, Reverse Engineering, Control Panel, and others.
Smart Solutions

The firm mainly adopts a Business to Business (B2B) business model and Business to Government (B2G) business model, where the services are provided to the Government sector such as Bharat Electronic Limited (BEL), Central Electronic Limited (CEL), Delhi Metro Rail Corporation (DMRC), and National Security Guard (NSG).
The firm has successfully completed over 150 projects, and as of july 31, 2025, it has ongoing projects worth Rs 2,835.42 Lakhs.

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Marushika Technology - Promoter(s)

Ms. Monicca Agarwaal

Mr. Jai Prakash Pandey

Ms. Sonika Aggarwal

Pre Issue Share Holding : 79.71%

Post Issue Share Holding : 58.19%

Marushika Technology IPO - Issue Objectives
1

Repayment and/ or pre-payment, in part or full, of certain borrowings availed by our Company

2

Funding of working capital requirement

3

General corporate purposes

Contact Details

Marushika Technology

Shop No. 5 Acharya Niketan, Mayur Vihar, East Delhi, New Delhi, 110091

0120-4290383

Info@marushika.in

http://www.marushika.in/

Registrar Contact Details

Skyline Financial Services Private Ltd

02228511022

ipo@skylinerta.com

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

UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.
Marushika Technology Limited IPO
Marushika Technology

Offer Date

Feb 12 - Feb 16, 2026

Offer Price

₹ 111-117

Lot Size

1200


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