Marushika Technology Limited IPO
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.
Price Band₹111 - ₹117 |
Dates12 Feb - 16 Feb |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹26.97 Crs |
Marushika Technology IPO Key Dates
Opening Date
12 Feb 26
Closing Date
16 Feb 26
Basis Of Allotment
17 Feb 26
Initiations Of Refund
18 Feb 26
Credit Of Shares
18 Feb 26
Listing Date
19 Feb 26
Marushika Technology IPO Objects
- 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 Details
Price Band₹111 - ₹117 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹26.97 Cr (0.23 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹26.97 Cr (0.23 Cr Shares) |
Face Value₹10 per equity share |
Marushika Technology IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,400
2,80,800
Maximum
2
2,400
2,80,800
|
|||
| Small HNI |
Minimum
3
3,600
4,21,200
Maximum
7
8,400
9,82,800
|
|||
| Big HNI |
Minimum
8
9,600
11,23,200
|
|||
Marushika Technology IPO GMP
The estimated Grey Market Premium of Marushika Technology IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 1,16,400 EQ. Shares |
Marushika Technology IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| 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.
Marushika Technology IPO Peer Comparision
| 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 Peer Comparision
| Particulars | Marushika |
|---|---|
| Revenue | 85.25 |
| PAT | 6.29 |
| EPS (₹) | 5.04 |
| NAV (₹) | 29.71 |
| RONW | 18.52% |
| EBITDA | 12.28% |
| PAT Mrgn | 7.37% |
| PE Ratio | 11.46 |
| Vertexplus | Synoptics |
|---|---|
| 18.34 | 43.27 |
| 0.88 | 4.04 |
| -3.70 | 4.01 |
| 40.21 | 86.38 |
| 8.80% | 4.76% |
| 9.28% | 26.20% |
| 4.82% | 9.34% |
| -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
Promoter Details
| Name | Shareholding |
|---|---|
| Monicca Agarwaal | 52.89% |
| Jai Pandey | 21.94% |
| Sonika Aggarwal | 4.88% |
| Total | 79.71% |
Management Details
| Name | Designation |
|---|---|
| Monicca Agarwaal | MD |
| Sonika Aggarwal | CFO |
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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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Marushika Technology IPO is a SME IPO having an issue size of Rs. ₹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.
Marushika Technology IPO opens on 12 Feb 26 and closes on 16 Feb 26.
The estimated Grey Market Premium of Marushika Technology IPO is ₹0 per share (0.00%).
The minimum lot size of Marushika Technology IPO is 1200 shares & the minimum application amount is Rs. 140400.
The allotment date of Marushika Technology IPO is 17 Feb 26.
The listing date of Marushika Technology IPO is 19 Feb 26.
Marushika Technology IPO is subscribed -.
Marushika Technology IPO is priced at ₹111 - ₹117 per share.
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