{"id":61886,"date":"2026-02-13T12:12:19","date_gmt":"2026-02-13T06:42:19","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=61886"},"modified":"2026-02-13T12:12:27","modified_gmt":"2026-02-13T06:42:27","slug":"marushika-technology-ipo-gmp-subscription-day-2","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/","title":{"rendered":"Marushika Technology IPO Day 2: Subscription at 0.38x, GMP Flat | Live Updates"},"content":{"rendered":"<p>The <strong>Marushika Technology IPO GMP <\/strong>is \u20b90 as of 13th February 2026. It is a book-building issue IPO of \u20b926.97 crores. This is an entirely fresh issue of 0.23 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 19th February 2026. The face value of Marushika Technology IPO shares is \u20b910 per share, and the IPO price band is \u20b9111 to \u20b9117 per share. Retail investors can bid for a minimum of 2 lots of 2,400 shares worth \u20b92,80,800. Scroll down to check the Marushika Technology IPO GMP and subscription details.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Marushika_Technology_IPO_GMP_Grey_Market_Premium\" title=\"Marushika Technology IPO GMP Grey Market Premium\">Marushika Technology IPO GMP Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Marushika_Technology_IPO_Subscription_Status\" title=\"Marushika Technology IPO Subscription Status\">Marushika Technology IPO Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Marushika_Technology_IPO_Details\" title=\"Marushika Technology IPO Details\">Marushika Technology IPO Details<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#About_Marushika_Technology_Ltd\" title=\"About Marushika Technology Ltd.\">About Marushika Technology Ltd.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Marushika_Technology_Limited_Financials\" title=\"Marushika Technology Limited Financials\">Marushika Technology Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Explanation-2\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Marushika_Technology_IPO_Objectives\" title=\"Marushika Technology IPO Objectives\">Marushika Technology IPO Objectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Marushika_Technology_IPO_Registrar\" title=\"Marushika Technology IPO Registrar\">Marushika Technology IPO Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Marushika_Technology_IPO_Review\" title=\"Marushika Technology IPO Review\">Marushika Technology IPO Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#FAQs_on_Marushika_Technology_IPO\" title=\"FAQs on Marushika Technology IPO\">FAQs on Marushika Technology IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#What_is_the_Marushika_Technology_IPO_GMP\" title=\"What is the Marushika Technology IPO GMP?\">What is the Marushika Technology IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#What_is_the_issue_price_of_the_Marushika_Technology_IPO\" title=\"What is the issue price of the Marushika Technology IPO?\">What is the issue price of the Marushika Technology IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Who_is_the_registrar_of_the_Marushika_Technology_IPO\" title=\"Who is the registrar of the Marushika Technology IPO?\">Who is the registrar of the Marushika Technology IPO?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/marushika-technology-ipo-gmp-subscription-day-2\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marushika_Technology_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Marushika Technology IPO GMP Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As mentioned earlier, the <strong>Marushika Technology IPO GMP <\/strong>currently stands at \u20b90.00 per share. Thus, the estimated listing price would be at \u20b9117.00. This indicates that the estimated listing gain in this IPO could be 0.00%. Explore the table for <strong>Marushika Technology<\/strong> <strong>IPO GMP<\/strong> updates.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>13-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>12-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>11-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>10-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>9-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>8-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>7-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>6-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>5-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>4-2-2026<\/strong><\/td><td>\u20b9117.00<\/td><td>\u20b90.00<\/td><td>\u20b9117.00<\/td><td>0.00%<\/td><\/tr><\/tbody><\/table><\/figure><p><em>Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Marushika Technology IPO GMP status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Marushika Technology IPO <\/em><\/strong><strong>GMP Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marushika_Technology_IPO_Subscription_Status\"><\/span><strong>Marushika Technology IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of now, the Marushika Technology IPO has been subscribed to 0.38 times. Of these, 0.69 times are subscribed by retail investors, 0.14 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).&nbsp;&nbsp;<\/p><p>The healthy subscription status indicates that investors are expecting higher returns at the time of Marushika Technology&#8217;s IPO listing on 19th February 2026. Marushika Technology also has a positive outlook behind the fresh issue of 0.23 crore shares, which will raise around Rs 26.97 crores.<\/p><p><strong><em>Note:<\/em><\/strong><em> GMP details are subject to change based on market conditions and fluctuations. Check the live Marushika Technology IPO Subscription status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Marushika Technology IPO Subscription<\/em><\/strong><strong> Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marushika_Technology_IPO_Details\"><\/span><strong>Marushika Technology IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>17th February 2026<\/td><\/tr><tr><td><strong>IPO Open Date<\/strong><\/td><td>12th January 2026<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>16th February 2026<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>18th February 2026<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>23,05,200 shares(agg. up to \u20b927 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>1,200 Shares<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b9111 to \u20b9117 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>NSE SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>19th February 2026<\/td><\/tr><\/tbody><\/table><\/figure><p><strong><em>Also Read: <\/em><\/strong><a href=\"https:\/\/univest.in\/blogs\/marushika-technology-ipo-review\"><strong><em>Marushika Technology IPO GMP &amp; Review: Apply or Avoid?<\/em><\/strong><\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Marushika Technology IPO<\/strong>: Marushika Technology IPO Limited has declared an issue price band of \u20b9111 to \u20b9117 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 2,400 shares, each worth \u20b92,80,800. The face value of Marushika Technology IPO Limited shares is \u20b910 per share. The shares of Marushika Technology IPO Limited will be listed on NSE and SME on its tentative listing day, 19th February 2026. Scroll down to check GMP updates and <strong>Marushika Technology IPO <\/strong>reviews.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Marushika_Technology_Ltd\"><\/span><strong>About Marushika Technology Ltd.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Marushika Technology Limited is an IT company involved in IT and telecom infrastructure distribution. It provides various IT solutions and products, such as IT-related services pertaining to the setup of data centre solutions, IT networks, telecom networks, surveillance systems, cybersecurity solutions, and power management solutions. It provides smart solutions such as access control systems, parking systems, lighting solutions, and waste management solutions. It functioned through the Business-to-Business (B2B) and Business-to-Government (B2G) business model. In the B2G business model, the company delivers the services to government enterprises. The enterprises in which the company implemented its services are BEL, CEL, DMRC, and NSG. The company implemented more than 150 projects. It has an outstanding order book value of Rs. 2,835.42 Lakhs as of July 31, 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marushika_Technology_Limited_Financials\"><\/span><strong>Marushika Technology Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the<strong> Marushika Technology IPO. <\/strong>See the table for Marushika Technology Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>30th Sep 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>62.68<\/td><td>53.94<\/td><td>48.37<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>48.71<\/td><td>85.63<\/td><td>60.83<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>3.14<\/td><td>6.29<\/td><td>3.14<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>5.64<\/td><td>10.47<\/td><td>5.67<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>18.51<\/td><td>15.37<\/td><td>8.45<\/td><\/tr><tr><td><strong>Reserves and Surplus<\/strong><\/td><td>12.28<\/td><td>9.14<\/td><td>7.58<\/td><\/tr><tr><td><strong>Total Borrowings<\/strong><\/td><td>18.92<\/td><td>21.37<\/td><td>19.64<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation-2\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Marushika Technology Limited&#8217;s revenue increased by 40.76% from \u20b960.83 crores in March 2024 to \u20b985.63 crores in March 2025. Moreover, the company&#8217;s PAT increased by 100.31% from \u20b93.14 crores in March 2024 to \u20b96.29 crores in March 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marushika_Technology_IPO_Objectives\"><\/span><strong>Marushika Technology IPO Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the <strong>Marushika Technology IPO<\/strong> is to raise \u20b926.97 crores. On the other hand, Fractal Analytics has decided to utilise these funds in different ways.<\/p><ul class=\"wp-block-list\"><li>To Repayment and\/ or pre-payment, in part or in full, of certain borrowings availed by our Company<\/li>\n\n<li>To Funding of working capital requirement<\/li>\n\n<li>To General Corporate Purposes<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marushika_Technology_IPO_Registrar\"><\/span><strong>Marushika Technology IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Skyline Financial Services Private Limited is the registrar for the Marushika Technology IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Marushika Technology allotment and refund, you can contact Skyline Financial Services Private Limited at <a href=\"mailto:ipo@skylinerta.com\">ipo@skylinerta.com<\/a> or at 02228511022.<\/p><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong>&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marushika_Technology_IPO_Review\"><\/span><strong>Marushika Technology IPO Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1-1024x536.png\" alt=\"\" class=\"wp-image-61888\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1-1024x536.png 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1-300x157.png 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1-768x402.png 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1-900x471.png 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1-600x314.png 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1-150x79.png 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The <strong>Marushika Technology IPO <\/strong>has gained neutral ratings from industry experts, brokers, and institutional investors. Marushika Technology Limited&#8217;s revenue increased by 40.76% from \u20b960.83 crores in March 2024 to \u20b985.63 crores in March 2025. Moreover, the company&#8217;s PAT increased by 100.31% from \u20b93.14 crores in March 2024 to \u20b96.29 crores in March 2025.<\/p><p>Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we\u2019re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company&#8217;s technical analysis to know whether you should apply for the <strong>Marushika Technology IPO <\/strong>or not.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>11.60<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>10.09<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>18.52%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>13.89%<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>18.52%<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>11.59%<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>3.94<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b999.88 Cr<\/td><\/tr><\/tbody><\/table><\/figure><p>The P\/E ratio of Marushika Technology Limited shares is 11.60, and its Earnings Per Share (EPS) stands at 10.09. Thus, the <strong>Marushika Technology IPO<\/strong> can deliver gains on its tentative listing date, 19th February 2026.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Marushika Technology Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>11.60<\/td><td>15.91<\/td><\/tr><tr><td><strong>EPS&nbsp;<\/strong><\/td><td>10.09<\/td><td>7.35<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Marushika_Technology_IPO\"><\/span><strong>FAQs on Marushika Technology IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Marushika_Technology_IPO_GMP\"><\/span><strong>What is the Marushika Technology IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Currently, on 13th February 2026, the <strong>Marushika Technology IPO GMP<\/strong> (Grey Market Premium) stands at \u20b90. This indicates that the estimated listing price could be \u20b9117.00 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_of_the_Marushika_Technology_IPO\"><\/span><strong>What is the issue price of the Marushika Technology IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Marushika Technology IPO issue price band is set at \u20b9111 to \u20b9117 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,400 shares, worth \u20b92,80,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,600 shares) worth \u20b94,21,200.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Marushika_Technology_IPO\"><\/span><strong>Who is the registrar of the Marushika Technology IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Skyline Financial Services Private Limited is the registrar for the Marushika Technology IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Marushika Technology allotment and refund, you can contact Skyline Financial Services Private Limited at <a href=\"mailto:ipo@skylinerta.com\">ipo@skylinerta.com<\/a> or at 02228511022.<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Marushika Technology IPO, download the Marushika Technology IPO RHP and Marushika Technology IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/best-sip-plans-for-1-year\">Best 1-Year SIP Plans 2026: Top Monthly SIP Plans in India<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/fractal-industries-ipo-review\">Fractal Industries IPO Review 2026: GMP Rises Rises 2.31%, Key Investor Insights<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/marushika-technology-ipo-gmp-subscription-day-1\">Marushika Technology IPO Day 1: Subscription at 0.08x, GMP Flat | Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/pan-hr-solutions-ipo-listing-preview\">PAN HR Solutions IPO Listing Preview: What to Expect Now?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/biopol-chemicals-ipo-listing-preview\">Biopol Chemicals IPO Listing Preview: What to Expect Now?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/aye-finance-ipo-listing-preview\">Aye Finance IPO Listing Preview: What to Expect Now?<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/fractal-analytics-ipo-listing-preview\">Fractal Analytics IPO Listing Preview: What to Expect Now?<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Marushika Technology IPO GMP is \u20b90 as of 13th February 2026. It is a book-building issue IPO of \u20b926.97 crores. This is an entirely fresh issue of 0.23 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 19th February 2026. The face value of Marushika Technology IPO<\/p>\n","protected":false},"author":28,"featured_media":61887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015,1352,3806],"class_list":["post-61886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo","tag-ipo-gmp","tag-ipo-subscription"],"metadata":{"_edit_lock":["1770964950:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:93:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/Marushika-Technology-IPO-Apply-or-Avoid-1.png\";a:2:{s:2:\"id\";i:61888;s:11:\"source_type\";s:13:\"media-library\";}s:102:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/Marushika-Technology-IPO-Apply-or-Avoid-1-1024x536.png\";a:2:{s:2:\"id\";i:61888;s:11:\"source_type\";s:13:\"media-library\";}s:125:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1.png\";a:2:{s:2:\"id\";i:61888;s:11:\"source_type\";s:13:\"media-library\";}s:134:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13121029\/Marushika-Technology-IPO-Apply-or-Avoid-1-1024x536.png\";a:2:{s:2:\"id\";i:61888;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["75"],"rank_math_title":["Marushika Technology IPO Day 2: 0.38x Subscribed, GMP Flat"],"rank_math_description":["Marushika Technology IPO Day 2 sees weak demand at just 0.38x subscription, even as GMP remains flat. Check the latest subscription and grey-market updates. Read more!\n"],"rank_math_focus_keyword":["Marushika Technology IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"_thumbnail_id":["61887"],"_edit_last":["23"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["6470"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/13120507\/Marushika-Technology-IPO-GMP-Subscription-Status-Day-2-1.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/61886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=61886"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/61886\/revisions"}],"predecessor-version":[{"id":61889,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/61886\/revisions\/61889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/61887"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=61886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=61886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=61886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}