Bookbuilding IPO | ₹27 Cr | Listing at NSE SME
Marushika Technology IPO is a book build issue of ₹26.97 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹26.97 crore.
Marushika Technology IPO opens for subscription on Feb 12, 2026 and closes on Feb 16, 2026. The allotment for the Marushika Technology IPO is expected to be finalized on Feb 17, 2026. Marushika Technology IPO will list on NSE SME with a tentative listing date fixed as Feb 19, 2026.
Marushika Technology IPO price band is set at ₹111 to ₹117 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,80,800 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,21,200.
NEXGEN Financial Solutions Pvt. Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Marushika Technology IPO RHP for detailed Information.
IPO Open
Thu, Feb 12, 2026
IPO Close
Mon, Feb 16, 2026
Price Band
₹111 to ₹117
Market Cap (Pre-IPO)
₹99.88 Cr
Submit your IPO application online through your preferred broker — fast, secure, and reliable.
| IPO Date | 12 to 16 Feb, 2026 |
| Listing Date | Thu, Feb 19, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹111 to ₹117 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,05,200 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 1,16,400 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Net Offered to Public | 21,88,800 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 62,31,568 shares |
| Share Holding Post Issue | 85,36,768 shares |
Marushika Technology IPO offers total 23,05,200 shares. Out of which 10,87,200 (47.16%) allocated to QIB, 4,35,600 (18.90%) allocated to QIB (Ex- Anchor), 3,31,200 (14.37%) allocated to NII 7,70,400 (33.42%) allocated to RII and 6,51,600 (28.27%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,16,400 (5.05%) |
| QIB Shares Offered | 10,87,200 (47.16%) |
| − Anchor Investor Shares Offered | 6,51,600 (28.27%) |
| − QIB (Ex. Anchor) Shares Offered | 4,35,600 (18.90%) |
| NII (HNI) Shares Offered | 3,31,200 (14.37%) |
| − bNII > ₹10L | 2,19,600 (9.53%) |
| − sNII < ₹10L | 1,11,600 (4.84%) |
| Retail Shares Offered | 7,70,400 (33.42%) |
| Total Shares Offered | 23,05,200 (100.00%) |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,80,800 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,80,800 |
| S-HNI (Min) | 3 | 3,600 | ₹4,21,200 |
| S-HNI (Max) | 7 | 8,400 | ₹9,82,800 |
| B-HNI (Min) | 8 | 9,600 | ₹11,23,200 |
Marushika Technology IPO raises ₹7.62 crore from anchor investors. Marushika Technology IPO Anchor bid date is February 11, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Feb 11, 2026 |
| Shares Offered | 6,51,600 |
| Anchor Portion (₹ Cr.) | 7.62 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Mar 19, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, May 18, 2026 |
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
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 62.68 | 53.94 | 48.37 |
| Total Income | 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 Borrowing | 18.92 | 21.37 | 19.64 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in part or full, of certain borrowings availed by our Company | 5.00 |
| 2 | Funding of working capital requirement | 14.68 |
| 3 | General Corporate Purposes | |
| Total | 19.68 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 18.52% | 52.77% |
| ROCE | 13.89% | 26.88% |
| Debt/Equity | 1.02 | 1.39 |
| RoNW | 18.52% | 52.77% |
| PAT Margin | 6.45% | 7.37% |
| EBITDA Margin | 11.59% | 12.28% |
| Price to Book Value | 3.94 | 4.74 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.09 | 7.35 |
| P/E (x) | 11.6 | 15.91 |
| Promoter Holding | 79.71% | 58.19% |
| Market Cap | ₹99.88 Cr. |
Lead Manager Reports
Marushika Technology IPO is a SME IPO of 23,05,200 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹111 to ₹117. The minimum order quantity is 1200.
The IPO opens on Thu, Feb 12, 2026, and closes on Mon, Feb 16, 2026.
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 opens on Thu, Feb 12, 2026 and closes on Mon, Feb 16, 2026.
Marushika Technology IPO lot size is 1200, and the minimum amount required for application is ₹2,80,800, with 2 lots being the minimum application size.
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 Tuesday, February 17, 2026, and the allotted shares will be credited to your demat account by Wed, Feb 18, 2026. Check the Marushika Technology IPO allotment status.
The Marushika Technology IPO listing date is not yet announced. The tentative date of listing is Thu, Feb 19, 2026.
