Marushika Technology – IPO

The IPO of Marushika Technologies is a book-built offering with a total value of ₹26.97 crore. The total issuance includes a new issue of 0.23 crore equity shares, which is worth ₹26.97 crore.
On February 12, 2026, subscriptions for the IPO go live, and it ends on February 16, 2026. Finalization of the allocation basis is anticipated on February 17, 2026. A preliminary listing date of February 19, 2026, has been set for the shares on the NSE SME platform.

The issue's price range has been set at 111 to 117 rupees per equity share. A bid lot of 1,200 shares is the minimum. For 2,400 shares (at the higher price range), the minimum investment required for retail investors is ₹2,80,800. The minimum application size for HNI/NII investors is three lots (3,600 shares), which, at the highest price range, equals ₹4,21,200.

The Registrar for the issuance is Skyline Financial Services Pvt. Ltd., and the Book Running Lead Manager is NEXGEN Financial Solutions Pvt. Ltd. Market Maker Nikunj Stock Brokers Ltd. will be in charge.

Investors are advised to refer to the Marushika Technology IPO RHP for comprehensive details of the issue.

Marushika Technology – IPO Details

IPO Date February 12, 2026 to February 16, 2026
Listing Date February 19, 2026
Face Value ₹ 10 / Share
Price Band ₹ 111 to ₹ 117 / Share
Lot Size 0 Shares
Total Issue Size 23,05,200
(Aggregating up to 27 Cr)
Fresh Issue
Offer for Sale
Employee Discount
Issue Type Bookbuilding IPO
Listing At NSE SME
Share holding pre issue 62,31,568
Share holding post issue 85,36,768
Market Maker portion

Marushika Technology Timeline (Tentative Schedule)

Marushika Technology IPO opens on February 12, 2026, and closes on February 16, 2026.

IPO Open Date February 12, 2026
IPO Close Date February 16, 2026
Basis of Allotment February 17, 2026
Initiation of Refunds February 18, 2026
Credit of Shares to Demat February 18, 2026
Listing Date February 19, 2026
Cut-off time for UPI mandate confirmation February 16, 2026

Marushika Technology IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Retail (Min) 2 0 Rs.0
Retail (Max) 2 0 Rs.0
S-HNI (Min) 3 0 Rs.0
S-HNI (Max) 7 0 Rs.0
B-HNI (Min) 8 0 Rs.0
HNI (Min)

Marushika Technology IPO Promoter Holding

Share Holding Pre Issue 62,31,568
Share Holding Post Issue 84,78,568

Marushika Technology IPO Reservation

Marushika Technology IPO offers a total 23,05,200 shares. Out of which 10,87,200 (47.16%) allocated to QIB, 4,35,600 (18.90%) allocated to QIB (Ex-Anchor), 3,31,200 (14.37%) allocated to NII 7,70,400 (33.42%) allocated to RII and 6,51,600 (28.27%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 6,51,600
28.27%
Market Maker Shares Offered 1,16,400
5.05%
Other Shares Offered
QIB Shares Offered 10,87,200
47.16%
NII (HNI) Shares Offered 3,31,200
14.37%
bNII > ₹10L
sNII < ₹10L
Retail Shares Offered 7,70,400
33.42%
Employee Shares Offered
Total Shares Offered 23,05,200
100.00%

Marushika Technology IPO Anchor Investors Details

Bid Date
Shares Offered 6,51,600
Anchor Portion Size (In Cr.)
Anchor lock-in period end date for 50% shares (30 Days)
Anchor lock-in period end date for remaining shares (90 Days)

About Marushika Technology

Marushika Technology Limited is a distributor of telecom and IT supplies. Data centers, networking, communication systems, cybersecurity, surveillance, and power management are just a few of the many IT products and services that the company offers. Along with intelligent solutions for parking, garbage management, lighting, and access control, it also provides installation, upkeep, and advice.

The company mainly uses the Business to Business (B2B) and Business to Government (B2G) business models, providing services to government agencies such as the National Security Guard (NSG), Delhi Metro Rail Corporation (DMRC), Central Electronic Limited (CEL), and Bharat Electronic Limited (BEL).

Key Performance Indicator

KPI Values
ROE 52.77%
ROCE 26.88%
Debt/Equity 1.39
RoNW 52.77%
P/BV 4.74
PAT Margin (%) 7.37%
  Pre IPO Post IPO
EPS (Rs) 10.09 7.35
P/E (x) 11.6 15.91

Objects of the Issue (Marushika Technology IPO Objectives)

Marushika Technology Contact Details

Marushika Technology Limited

Shop No. 5 Acharya Niketan,

Mayur Vihar, East Delhi, New Delhi, 110091

Marushika Technology IPO Registrar

Skyline Financial Services Pvt. Ltd.

Frequently Asked Questions


What is Marushika Technology IPO?
The Marushika Technology IPO is classified as an SME IPO. The issue price is set between ₹111 and ₹117 per equity share. A minimum of 0 shares is required per order. The IPO will be open from February 12, 2026, to February 16, 2026. The shares are proposed to be listed on NSE SME.

When does the Marushika Technology IPO open and close?
The Marushika Technology IPO will be opened on February 12, 2026, and closed on February 16, 2026.

What is the issue size of the Marushika Technology IPO?
The size of the Marushika Technology IPO is 27 Crin total. A fresh issue of shares, aggregating up to , is included.

What is the price band of the Marushika Technology Limited IPO?
The price band for the IPO has been set between ₹111 - ₹117 per equity share.

What is the allotment date of the Marushika Technology IPO?
The share allotment date for the Marushika Technology IPO is set for February 17, 2026.

What is the Marushika Technology listing date?
The Marushika Technology IPO is scheduled to be listed on February 19, 2026.

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