Marushika Technology Limited IPO
Price Band
₹111 - ₹117
Total Issue
₹27 Cr
Bid Dates
12 Feb - 16 Feb
Subscription
17.94x
Listing Price
₹120 (2.56%)
Valuation
Market Cap
₹99.88 Cr
P/E Ratio
11.46x
P/B Ratio
4.74x
Marushika Technology IPO Dates
Business Overview
Marushika Technology Limited is engaged in the distribution of information technology and telecom infrastructure products, offering a comprehensive range of solutions to support modern digital ecosystems. The Company provides IT products and services for setting up data centre infrastructure, active networking, telecom systems, advanced surveillance solutions, data protection, cybersecurity and power management. It also offers installation and maintenance services and assists clients in selecting IT infrastructure best suited to their operational requirements. In addition, the Company delivers smart solutions such as smart access control, parking, lighting and waste management systems. Further, Marushika Technology Limited has expanded its portfolio to include auto-tech solutions for the defence sector, providing services such as maintenance, refurbishment and reverse engineering of tracked and wheeled military vehicles.
Marushika Technology IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,400 | ₹2,80,800 |
| Ind (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 IPO Size
Objects of Issue
- Repayment &/ or pre-payment, in part or full, of certain borrowings availed by the Company
- Funding of working capital requirement
- General Corporate Purposes
Marushika Technology IPO IPO Live Subscription
Updated as on 16-Feb-2026 19:00:02 hrs
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 2.92x | 4,35,600 | 12,73,200 |
| NII | 41.00x | 3,31,200 | 1,35,78,000 |
| bHNI | 50.69x | 2,19,600 | 1,11,31,200 |
| sHNI | 21.92x | 1,11,600 | 24,46,800 |
| Individual Investor | 16.51x | 7,70,400 | 1,27,20,000 |
| Total | 17.94x | 15,37,200 | 2,75,71,200 |
Marushika Technology IPO IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 18 Feb | ₹2 (1.7%) | ₹119 |
| 17 Feb | ₹2 (1.7%) | ₹119 |
| 16 Feb | ₹2 (1.7%) | ₹119 |
| 15 Feb | ₹0 (0%) | ₹117 |
| 14 Feb | ₹0 (0%) | ₹117 |
| 13 Feb | ₹0 (0%) | ₹117 |
| 12 Feb | ₹0 (0%) | ₹117 |
| 11 Feb | ₹0 (0%) | ₹117 |
| 10 Feb | ₹0 (0%) | ₹117 |
| 09 Feb | ₹0 (0%) | ₹117 |
| 08 Feb | ₹0 (0%) | ₹117 |
| 07 Feb | ₹0 (0%) | ₹117 |
| 06 Feb | ₹0 (0%) | ₹117 |
| 05 Feb | ₹0 (0%) | ₹117 |
| 04 Feb | ₹0 (0%) | ₹117 |
Marushika Technology IPO Peer Comparison
(Rs. in crores)
| Particulars | Marushika | Vertexplus | Synoptics |
|---|---|---|---|
| Revenue | 85.25 | 18.34 | 43.27 |
| PAT | 6.29 | 0.88 | 4.04 |
| EPS (₹) | 5.04 | -3.70 | 4.01 |
| NAV (₹) | 29.71 | 40.21 | 86.38 |
| RONW | 18.52% | 8.80% | 4.76% |
| EBITDA | 12.28% | 9.28% | 26.20% |
| PAT Mrgn | 7.37% | 4.82% | 9.34% |
| PE Ratio | 11.46 | -24.59 | 12.47 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 30, 2026. for Peers
Marushika Technology IPO IPO Financial Performance
(Rs. in crores)
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 48.64 | 85.25 | 60.66 | 36.99 |
| PAT | 3.14 | 6.29 | 3.14 | 0.40 |
| Net Worth | 18.51 | 15.37 | 8.45 | 3.81 |
| Borrowings | 18.92 | 21.37 | 19.64 | 9.80 |
| Assets | 62.68 | 53.94 | 48.37 | 30.43 |
| NAV (₹) | 29.71 | 24.67 | 97.32 | 48.71 |
| EPS (₹) | 5.04 | 10.21 | 5.50 | 0.74 |
Key Performance Indicators (KPIs)
EBITDA
12.28%
ROE
52.77%
ROCE
26.88%
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
79.71%
Public
20.29%
Management
Registrar & Lead Managers
Registrar
Skyline Financial Services
Lead Managers (1)
Company Details
Name: Marushika Technology Limited
Address: Shop No. 5 Acharya Niketan, Mayur Vihar, East Delhi- 110091, India
Number: 0120-4290383
Email: Info@marushika.in
Website: https://www.marushika.in
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How to apply Marushika Technology IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Marushika Technology IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Marushika Technology IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Marushika Technology IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date