Comparison between EPW India IPO and Marushika Technology IPO.
EPW India IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Marushika Technology IPO is a SME Bookbuilding proposed to list at NSE SME.
| EPW India IPO | Marushika Technology IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | GetFive Advisors Pvt.Ltd. | NEXGEN Financial Solutions Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | SMC Global Securities Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of EPW India IPO is up to ₹30.22 Cr whereas the issue size of the Marushika Technology IPO is up to ₹25.61 Cr. The final issue price of EPW India IPO is ₹97.00 per share and of Marushika Technology IPO is ₹117.00 per share.
| EPW India IPO | Marushika Technology IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹95.00 per share | ₹111.00 per share |
| Issue Price (Upper) | ₹97.00 per share | ₹117.00 per share |
| Issue Price (Final) | ₹97.00 per share | ₹117.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 31,15,200 shares | 21,88,800 shares |
| Fresh Issue Size (Amount) | up to ₹30.22 Cr | up to ₹25.61 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 31,15,200 shares | 21,88,800 shares |
| Issue Size Total (Amount) | up to ₹30.22 Cr | up to ₹25.61 Cr |
EPW India IPO opens on Dec 22, 2025, while Marushika Technology IPO opens on Feb 12, 2026. The closing date of EPW India IPO and Marushika Technology IPO is Dec 24, 2025, and Feb 16, 2026, respectively.
| EPW India IPO | Marushika Technology IPO | |
|---|---|---|
| Anchor Bid Date | Dec 19, 2025 | Feb 11, 2026 |
| Issue Open | Dec 22, 2025 | Feb 12, 2026 |
| Issue Close | Dec 24, 2025 | Feb 16, 2026 |
| Basis Of Allotment (Tentative) | Dec 26, 2025 | Feb 17, 2026 |
| Initiation of Refunds (Tentative) | Dec 29, 2025 | Feb 18, 2026 |
| Credit of Share (Tentative) | Dec 29, 2025 | Feb 18, 2026 |
| Listing date (Tentative) | Dec 30, 2025 | Feb 19, 2026 |
| Anchor Lockin End date 1 | Jan 24, 2026 | Mar 19, 2026 |
| Anchor Lockin End date 2 | Mar 25, 2026 | May 18, 2026 |
EPW India IPO P/E ratio is 18.36, as compared to Marushika Technology IPO P/E ratio of 11.6.
| EPW India IPO | Marushika Technology IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)EPW India Ltd.'s revenue increased by 188% and profit after tax (PAT) rose by 485% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 79.71 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.43 | 58.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.36 | 11.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹111.35 Cr. | ₹99.88 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 139.17 | 52.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.03 | 26.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.32 | 1.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.28 | ₹10.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 82.06 | 52.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the EPW India IPO Retail Individual Investors (RII) are offered 10,92,000 shares while in Marushika Technology IPO retail investors are offered 10,92,000 shares. Qualified Institutional Buyers (QIB) are offered 6,22,800 shares in EPW India IPO and 4,35,600 shares in Marushika Technology IPO.
| EPW India IPO | Marushika Technology IPO | |
|---|---|---|
| Anchor Investor Reservation | 9,32,400 shares | 6,51,600 shares |
| Market Maker Reservation | 1,64,400 shares | 1,16,400 shares |
| QIB | 6,22,800 shares | 4,35,600 shares |
| NII | 4,68,000 shares | 3,31,200 shares |
| RII | 10,92,000 shares | 7,70,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 31,15,200 shares | 21,88,800 shares |
EPW India IPO subscribed 0.92x in total, whereas Marushika Technology IPO subscribed 12.60x.
| EPW India IPO | Marushika Technology IPO | |
|---|---|---|
| QIB (times) | 1.17x | 2.92x |
| NII (times) | 1.53x | 41.00x |
| Big NII (times) | 0.98x | 50.69x |
| Small NII (times) | 2.63x | 21.92x |
| RII (times) | 1.31x | 16.51x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 0.92x | 12.60x |
