Marushika Technology Limited IPO

Marushika Technology Limited IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹111 - ₹117

Total Issue

₹26.97 Cr

Bid Dates

12 Feb - 16 Feb

Subscription

18.01x

Est. GMP

₹2 (1.71%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

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.

Lot Info

Lot Information for Marushika Technology IPO
Category Lots Shares Amount
Individual (Min) 2 2,400 ₹2,80,800
Individual (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
Market Maker
1,16,400 EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹26.97 Cr
Fresh Issue
₹26.97 Cr (0.23 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹2
Est. Price ₹119
Est. Gain 1.71%

Marushika Technology IPO Peer Comparison

(Rs. in crores)

Marushika Technology IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Marushika Technology IPO
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

KPIs

EBITDA

12.28%

ROE

52.77%

ROCE

26.88%

PE Ratio

11.46

PB Ratio

4.74

Mkt Cap (in Crs.)

99.88

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

79.71%

Public

20.29%

Monicca Agarwaal 52.89%
Jai Pandey 21.94%
Sonika Aggarwal 4.88%

Management

Monicca Agarwaal MD
Sonika Aggarwal CFO

Registrar & Lead Managers

Registrar

Skyline Financial Services

Skyline Financial Services

Lead Managers (1)

NEXGEN FINANCIAL NEXGEN FINANCIAL

Subscription Status

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

Frequently Asked Questions

What is Marushika Technology IPO?
Marushika Technology IPO is a SME IPO having an issue size of ₹26.97 Crs. Marushika Technology IPO is priced at ₹111 - ₹117 per share. The issue opens on 12 Feb 26 and closes on 16 Feb 26.
When will Marushika Technology IPO open?
Marushika Technology IPO opens on 12 Feb 26 and closes on 16 Feb 26.
What is the GMP of Marushika Technology IPO?
The estimated Grey Market Premium of Marushika Technology IPO is ₹2 per share (1.71%).
What is the lot size of Marushika Technology IPO?
The minimum lot size of Marushika Technology IPO is 1200 shares & the minimum application amount is Rs. 140400.
When is the allotment of Marushika Technology IPO?
The allotment date of Marushika Technology IPO is 17 Feb 26.
What is the listing date of Marushika Technology IPO?
The listing date of Marushika Technology IPO is 19 Feb 26.
What is the subscription of Marushika Technology IPO?
Marushika Technology IPO is subscribed 18.01 times.
What is the price band of Marushika Technology IPO?
Marushika Technology IPO is priced at ₹111 - ₹117 per share.
How to check allotment status of Marushika Technology IPO?
Click the allotment link on Marushika Technology IPO page of IPO360.
How to apply Marushika Technology IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Marushika Technology IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Marushika Technology IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Marushika Technology IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date