
Marushika Technology IPO Listing at 2.56% Premium at ₹120.00 Per Share
Updated: 19 Feb 2026 • 11:45 am
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Marushika Technology IPO Listing Today: The Marushika Technology IPO was subscribed 17.94 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received 2.92 times, and non-institutional investors (NIIs) received 41.00 times. The retail quota of the issue was subscribed to 33.42%. Before delving deeper into the topic, go through the details of the Marushika Technology IPO.
Marushika Technology IPO
It is a book-building issue IPO of ₹26.97 crore, comprising 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 Marushika Technology IPO date is scheduled from 12th January 2026 to 16th January 2026. The face value of Marushika Technology shares stands at ₹10 per share, and the IPO Issue price band is set at ₹111 to ₹117 per share
| IPO Allotment Date | 17th February 2026 |
| IPO Open Date | 12th January 2026 |
| IPO Close Date | 16th February 2026 |
| Refund Initiation | 18th February 2026 |
| Issue Size | 23,05,200 shares(agg. up to ₹27 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 1,200 Shares |
| Issue Price | ₹111 to ₹117 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | 19th February 2026 |
Marushika Technology Listing
On the NSE & SME platforms, Marushika Technology shares are listed at ₹120.00 per share, reflecting a 2.56% discount over the issue price of ₹117.00 per share.
About the Marushika Technology IPO
Marushika Technology Limited is an IT and telecom infrastructure products distributor. The firm provides a broad spectrum of IT products and services such as data center setup, networking, telecom solutions, surveillance, cybersecurity, and power management. The firm also provides smart solutions for access control, parking, lighting, and waste management. The firm mainly operates in the Business to Business (B2B) and Business to Government (B2G) business model, where the services are provided to the government sector, such as Bharat Electronic Limited (BEL), Central Electronic Limited (CEL), Delhi Metro Rail Corporation (DMRC), and National Security Guard (NSG). The firm has successfully completed over 150 projects, and as of July 31, 2025, it has projects worth Rs 2,835.42 Lakhs.
Marushika Technology Limited Financials
The company’s financial analysis is essential before applying for the Marushika Technology IPO. See the table for Marushika Technology Limited’s financials.
| Year Ended | 30th Sep 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) |
| Assets | 62.68 | 53.94 | 48.37 |
| Revenue | 48.71 | 85.63 | 60.83 |
| Profit After Tax | 3.14 | 6.29 | 3.14 |
| EBITDA | 5.64 | 10.47 | 5.67 |
| Net Worth | 18.51 | 15.37 | 8.45 |
| Reserves and Surplus | 12.28 | 9.14 | 7.58 |
| Total Borrowings | 18.92 | 21.37 | 19.64 |
Explanation
Marushika Technology Limited’s revenue increased by 40.76% from ₹60.83 crores in March 2024 to ₹85.63 crores in March 2025. Moreover, the company’s PAT increased by 100.31% from ₹3.14 crores in March 2024 to ₹6.29 crores in March 2025.
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