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Marushika Technology Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on September 6, 2025 to raise funds through Initial Public Offer (IPO).
Marushika Technology Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.22 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Nexgen Capitals Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Marushika Technology IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,47,000 shares (aggregating up to ₹[.] Cr) |
| Reserved for Market Maker | 1,13,000 shares (aggregating up to ₹[.] Cr) |
| Net Offered to Public | 21,34,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 62,31,568 shares |
| Share Holding Post Issue | 84,78,568 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII Shares Offered | Not less than 15.00% of the Offer |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Sep 6, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Marushika Technology Limited distributes IT and telecom infrastructure products. The company delivers wide range of IT products and services like set up data centers, networking, telecom systems, surveillance, cybersecurity, and power management. It also offers installation, maintenance, and guidance and provide smart solutions such as access control, parking, lighting, and waste management.
Business Verticals
The company primarily follows Business to Business (B2B) business model and Business to Government (B2G) model, where services are offered to 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.
Competitive Strengths
Marushika Technology Ltd.'s revenue increased by 41% and profit after tax (PAT) rose by 100% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 53.94 | 48.37 |
| Total Income | 85.63 | 60.83 |
| Profit After Tax | 6.29 | 3.14 |
| EBITDA | 10.77 | 6.15 |
| NET Worth | 15.37 | 8.45 |
| Reserves and Surplus | 9.14 | 7.58 |
| Total Borrowing | 21.37 | 19.64 |
| Amount in ₹ Crore | ||
| KPI | Values |
|---|---|
| ROE | 52.77% |
| ROCE | 26.88% |
| Debt/Equity | 1.39 |
| RoNW | 52.77% |
| PAT Margin | 7.37% |
| EBITDA Margin | 12.63% |
The Company Marushika Technology IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in part or full, of certain borrowings availed by our Company | 5.89 |
| 2 | Funding of working capital requirement | 18.00 |
| 3 | General Corporate Purposes |
Marushika Technology Ltd.
Shop No. 5 Acharya Niketan,
Mayur Vihar,
East Delhi, New Delhi, 110091
Phone: 0120-4290383
Email: Info@marushika.in
Website: http://www.marushika.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Marushika Technology IPO is a SME IPO of 22,47,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Marushika Technology IPO open and close dates are not available as of now.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Marushika Technology IPO using UPI as a payment gateway. Zerodha customers can apply in Marushika Technology IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Marushika Technology IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Marushika Technology IPO dates are not announced. Please check back again after some time.
Marushika Technology IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Marushika Technology IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Marushika Technology IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Marushika Technology IPO allotment status.
The Marushika Technology IPO listing date is not yet announced. The tentative date of Marushika Technology IPO listing is [.].
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