Marushika Technology IPO Review 2026: GMP Rises Flat, Key Investor Insights

Marushika Technology IPO is open for bidding from 12th February 2026 to 16th February 2026. It is a bookbuilding 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. 

Marushika Technology IPO Details 

The Marushika Technology IPO date is fixed between 12th February 2026 to 16th February 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

Skyline Financial Services Private Limited is the registrar of the Marushika Technology IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Marushika Technology IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.23 crore shares worth ₹26.97 crore. Marushika Technology IPO Limited shares will be listed on the NSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Marushika Technology IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Marushika Technology IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 12th February 2026, Marushika Technology IPO GMP stands at ₹0.00 per share, which means the share will likely list at ₹117.00 on its tentative listing date, 19th February 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Marushika Technology IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Marushika Technology IPO GMP Review

Check out the detailed Marushika Technology GMP IPO review for a thorough understanding of its potential to report listing gains on 19th February 2026. The Marushika Technology IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Marushika Technology IPO.

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.

Marushika Technology’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Marushika Technology IPO, with its tentative listing day set for 19th February 2026. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Marushika Technology IPO.

The P/E ratio of Marushika Technology Limited shares is 11.60, and its Earnings Per Share (EPS) stands at 10.09. Thus, the Marushika Technology IPO can deliver gains on its tentative listing date, 19th February 2026. 

Note: 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. 

Marushika Technology IPO Subscription Status

The Marushika Technology IPO will open for bidding on 12th February 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Marushika Technology IPO Subscription Status. 

About Marushika Technology Limited

Marushika Technology Limited distributes IT and telecom infrastructure products. The company delivers a wide range of IT products and services like setting up data centers, networking, telecom systems, surveillance, cybersecurity, and power management. It also offers installation, maintenance, and guidance and provides smart solutions such as access control, parking, lighting, and waste management. The company primarily follows Business to Business (B2B) and Business to Government (B2G) models, where services are offered to the government sector, like Bharat Electronic Limited (BEL), Central Electronic Limited (CEL), Delhi Metro Rail Corporation (DMRC) and National Security Guard (NSG). Over the years, the company has completed more than 150 projects and as on july 31, 2025, it has ongoing 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. 

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.

Marushika Technology Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Marushika Technology IPO

The primary aim of the Marushika Technology IPO is to raise ₹26.97 crores. On the other hand, Fractal Analytics has decided to utilise these funds in different ways.

• To Repayment and/ or pre-payment, in part or in full, of certain borrowings availed by our Company
• To Funding of working capital requirement
• To General Corporate Purposes

Should I Invest in the Marushika Technology IPO?

Explore the pros and cons of Marushika Technology to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of the Marushika Technology IPO

• The company Wide range and diversified IT solutions and offerings
• The company has a presence in multiple industry verticals with long-standing customer relationships
• The company has a demonstrated track record of financial performance

Cons of the Marushika Technology IPO

• The company has a heavy dependence on government projects
• The company has a customer concentration risk
• The company has dependence on OEMs & supply risks

How to Apply for the Marushika Technology IPO?

Check the steps mentioned below to apply for Marushika Technology Ltd.

• Step 1: Conduct thorough research on the Marushika Technology IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 2 lots of 2,400 shares worth ₹2,80,800
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Marushika Technology IPO across multiple demat accounts to increase your chances of allotment. 

How to Check the Marushika Technology IPO Allotment Status?

You can check for the Marushika Technology IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Marushika Technology IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Marushika Technology IPO allotment status.

Let’s Wrap

Marushika Technology IPO is a bookbuilding issue of shares worth ₹26.97 crores. The shares of Marushika Technology Limited will be listed on NSE and SME on its tentative listing date of 19th February 2026. Researching the Marushika Technology IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Marushika Technology IPO

How is the Marushika Technology IPO?

Ans. Currently, on 12th February 2026, the Marushika Technology GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹130 per share. It is a bookbuilding IPO of ₹26.97 shares. The face value of each Marushika Technology share is ₹10 per share. 

What is the Marushika Technology IPO price?

Ans. The Marushika Technology IPO issue price band is set at ₹111 to ₹117 per share. 

Is the Marushika Technology IPO a good investment?

Ans. 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.

Who is the registrar of the Marushika Technology IPO?

Ans. 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 ipo@skylinerta.com or at 02228511022.

What is the issue size of the Marushika Technology IPO? 

Ans. Marushika Technology IPO is a bookbuilding IPO of ₹26.97 crores. Moreover, the IPO is set to open on 12th February 2026 and close on 16th February 2026. 

Disclaimer: 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.

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