Marushika Technology IPO Details 2026
Marushika Technology IPO is a book-built public issue with a total size of ₹26.97 crore, aimed at raising capital to support the company’s growth plans and business expansion.
The IPO consists of Fresh Issue, offering investors an opportunity to participate in the company’s future journey through listing on the NSE SME stock exchange.
The IPO opened for subscription on Feb 12, 2026, and closed on Feb 16, 2026. The basis of allotment was finalized on Feb 17, 2026, and the equity shares were subsequently listed on NSE SME stock exchange at Feb 19, 2026.
IPO Open
Feb 12, 2026 - Feb 16, 2026Price Band
₹111.00 - ₹117.00Listing
On NSE SME at Feb 19, 2026Market Cap (Pre-IPO)
₹99.88 Cr.Marushika Technology IPO Details
| Face Value | ₹10.00 per share |
| Price Band | ₹111.00 - ₹117.00 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Issue |
| Issue Type | Book Building |
| Listing Exchange(s) | NSE SME |
| Total Issue Size | ₹26.97 Cr |
| Reserved for Market Maker | ₹1.36 Cr |
| Net Offered to Public | ₹25.61 Cr |
| Fresh Issue | ₹25.61 Cr |
| Share Holding Pre Issue | 62,31,568 |
| Share Holding Post Issue | 85,36,768 |
| Promoter Holding Pre IPO | 79.71 |
Marushika Technology IPO Time Table (Tentative)
| Opening Date | Feb 12, 2026 |
| Closing Date | Feb 16, 2026 |
| Allotment Date | Feb 17, 2026 |
| Refund Date | Feb 18, 2026 |
| Credit of Shares in Demate Account | Feb 18, 2026 |
| Listing Date | Feb 19, 2026 |
Marushika Technology IPO Lot Size
| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,80,800 |
| Retail (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 |
About Marushika Technology Ltd.
Marushika Technology Limited is engaged in the distribution and implementation of IT and telecom infrastructure solutions, offering end-to-end technology services across multiple domains. The company provides a comprehensive range of solutions including data center setup, networking infrastructure, telecom systems, surveillance solutions, cybersecurity services, and power management systems.
In addition to product distribution, the company delivers installation, system integration, technical consulting, and ongoing maintenance services. It also focuses on advanced smart technology solutions such as access control systems, smart parking solutions, intelligent lighting systems, and automated waste management solutions, enabling organizations to enhance operational efficiency and security.
Business Verticals
IT & Telecom Infrastructure Solutions:
Data center IT infrastructure, servers and IP-based systems, videowall and display solutions, power management systems, and active networking solutions.
Auto-Tech Solutions for Defence:
Repair and refurbishment services, reverse engineering, control panels, and specialized technical solutions catering to defense applications.
Smart Technology Solutions:
Integrated smart solutions designed for infrastructure automation, monitoring, and security management.
The company primarily operates on a Business-to-Business (B2B) and Business-to-Government (B2G) model, serving institutional and government clients. Its clientele includes reputed public sector and government organizations such as Bharat Electronics Limited (BEL), Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), and the National Security Guard (NSG).
Marushika Technology Limited has successfully executed over 150 projects across various sectors. As of July 31, 2025, the company had an active project order book valued at ₹2,835.42 lakh, reflecting strong execution capability and future revenue visibility.
Competitive Strengths
Diversified portfolio of IT, telecom, defense, and smart infrastructure solutions
Long-standing partnerships with leading Original Equipment Manufacturers (OEMs)
Experienced and technically proficient management team
Presence across multiple industry segments with repeat clientele
Proven financial performance and consistent project execution record
Marushika Technology Ltd. Financials (Restated Consolidated)
| Quarter | Assets | Total Income | Profit After Tax | EBITDA | NET Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| Mar 31, 2025 | 53.94 | 85.63 | 6.29 | 10.77 | 15.37 | 9.14 | 21.37 |
| Mar 31, 2024 | 48.37 | 60.83 | 3.14 | 6.15 | 8.45 | 7.58 | 19.64 |
Marushika Technology Ltd. Live GMP**
| GMP Date | IPO Price | GMP | Estimated Listing Price | Rating |
|---|---|---|---|---|
| Feb 11, 2026 | ₹117 | ₹0 | ₹117 (0%) | 🔥 |
Marushika Technology IPO Objects
| # | Issue Objects | Estimate Amount (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain borrowings availed by our Company | 5.89 |
| 2 | Working Capital Requirement | 18 |
| 3 | General Corporate Purposes | - |
Company Contact Details
- Marushika Technology Ltd.
- Shop No. 5 Acharya Niketan,
Mayur Vihar Shop No. 5 Acharya Niketan,
Mayur Vihar
East Delhi, New Delhi, 110091
IPO FAQs
What is Marushika Technology IPO?
Marushika Technology IPO is the process through which the company is offering its equity shares to the public for the first time to raise funds and get listed on the stock exchange.
When will Marushika Technology IPO open for subscription?
Marushika Technology IPO will open for subscription on Feb 12, 2026 and will remain open for bidding during market hours.
When will Marushika Technology IPO close?
The IPO of Marushika Technology Ltd. will close on Feb 16, 2026 unless extended or shortened by the company.
What is the IPO issue size of Marushika Technology Ltd.?
The total issue size of Marushika Technology IPO is ₹26.97 Cr.
What is the price band of Marushika Technology IPO?
The price band for Marushika Technology IPO has been fixed at ₹111.00 to ₹117.00 per share.
What is the lot size for Marushika Technology IPO?
The lot size for Marushika Technology IPO is 1,200 Shares shares.
Is Marushika Technology IPO a Fresh Issue or Offer for Sale (OFS)?
Marushika Technology IPO consists of Fresh Issue, as per details mentioned in the RHP/DRHP.
What is the face value of Marushika Technology Ltd. shares?
The face value of each equity share of Marushika Technology Ltd. is ₹10.00 per share.
Which stock exchange will Marushika Technology IPO be listed on?
The shares of Marushika Technology Ltd. will be listed on NSE SME.
What is the listing date of Marushika Technology IPO?
Marushika Technology IPO is expected to be listed on 2026-02-19, subject to final allotment and approvals.
What is the IPO objective of Marushika Technology Ltd.?
The proceeds from Marushika Technology IPO will be used for:
- Repayment of certain borrowings availed by our Company
- Working Capital Requirement
- General Corporate Purposes
How many shares are offered in Marushika Technology IPO?
A total of 85,36,768 equity shares are being offered under the IPO.
Is Marushika Technology IPO a Mainboard or SME IPO?
Marushika Technology IPO is a SME IPO, as per stock exchange classification.
What is the market lot for retail investors?
The market lot for retail investors in Marushika Technology IPO is 2 shares per application.
Can retail investors apply for Marushika Technology IPO?
Yes, retail investors can apply for Marushika Technology IPO provided they meet the minimum investment criteria.