Marushika Technology IPO : The IPO of Marushika Technologies is a ₹26.97 crore book build issue. The offering, which consists of 0.23 crore shares worth ₹26.97 crore, is completely new.
The subscription period for the Marushika Technologies IPO begins on February 12, 2026, and ends on February 16, 2026. On February 17, 2026, the allocation for the Marushika Technology IPO is anticipated to be determined. The proposed listing date for the Marushika Technologies IPO is set on February 19, 2026, on the NSE SME.
The price range for Marushika Technology’s IPO is ₹111 to ₹117 per share. An application’s lot size is 1,200. Depending on the highest price, a retail individual investor must deposit a minimum of ₹2,80,800 (2,400 shares). Three lots (3,600 shares), or ₹4,21,200, is the minimum lot size required for an HNI investment.
Skyline Financial Services Pvt. Ltd. is the issue registrar, and NEXGEN Financial Solutions Pvt. Ltd. is the paperwork running lead manager.
Marushika Technology IPO Details
| IPO Date | 12 To 16 February, 2026 |
| Listing Date | 19 February, 2026 |
| Face Value | ₹10 Per Share |
| Issue Price Band | ₹111 To ₹117 Per Share |
| Lot Size | 1200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,05,200 Shares
Aggregating up to ₹27 Cr. |
| Reserved for market maker | 1,16,400 Shares
Aggregating up to ₹1 Cr. |
| Net offered to public | 21,88,800
Aggregating up to ₹26 Cr. |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE/NSE |
| Share Holding Pre Issue | 62,31,568 Share |
| Share Holding Post Issue | 85,36,768 Share |
Marushika Technology IPO Lot Size
| Application | Lots | Shares | Amount |
| B-HNI (Min) | 8 | 9600 | ₹ 11,23,200 |
| S-HNI (Min) | 3 | 3600 | ₹ 4,21,200 |
| S-HNI (Max) | 7 | 8400 | ₹ 9,82,800 |
| Retail (Min) | 2 | 2400 | ₹ 2,80,800 |
| Retail (Max) | 2 | 2400 | ₹ 2,80,200 |
Marushika Technology IPO Timeline
| IPO Open Date | 12 February, 2026 |
| IPO Close Date | 16 February, 2026 |
| Tentative Allotment | 17 February, 2026 |
| Initiation Of Refunds | 18 February, 2026 |
| Credit Of Shares To Demat | 18 February, 2026 |
| Tentative Listing Date | 19 February, 2026 |
Marushika Technology IPO Reservation
| Investor Category | Shares Offered |
| NII Shares Offered | Not Less Than 14.37% Of The Offer |
| Retail Shares Offered | Not More Than 33.42% Of The Offer |
| QIB Shares Offered | Not More Than 47.16% Of The Offer |
| Market Maker Shares Offered | 5.05% Of The Offer |
About Marushika Technology IPO
Products for telecom and IT infrastructure are distributed by Marushika Technology Limited. The business offers a broad range of IT services and products, including power management, networking, data center setup, cybersecurity, surveillance, and communication systems. In addition, it provides installation, upkeep, and advice as well as intelligent solutions for trash management, parking, lighting, and access control.
Verticals for Businesses
- Data centers, IT infrastructure, server and internet protocol, video wall display solutions, power solutions, active networking, and other IT and telecom infrastructure solutions are examples.
- Auto-Tech Defense Solutions: Control Panel, Reverse Engineering, Repairs and Renovations, etc.
- Astute Solutions.
The company mainly uses the Business to Business (B2B) and Business to Government (B2G) business models, providing services to government agencies such as the National Security Guard (NSG), Delhi Metro Rail Corporation (DMRC), Central Electronic Limited (CEL), and Bharat Electronic Limited (BEL).
The company has finished more than 150 projects over the years, and as of July 31, 2025, it had 2,835.42 lakhs in ongoing projects.
Marushika Technology Company Financials
| Period Ended | 31 Sep, 2025 | 31 March, 2025 |
| Assets | 62.68 | 53.94 |
| Total Income | 48.71 | 85.63 |
| Profit After Tax | 3.14 | 6.29 |
| EBITDA | 5.64 | 10.47 |
| Net Worth | 18.51 | 15.37 |
| Total Borrowing | 18.92 | 31.37 |
Note : Amount In Crores
Marushika Technology Key Performance Indicator (KPI)
| KPI | Values (As on 30 Sep, 2025) |
| ROE | 18.52% |
| ROCE | 13.89% |
| Debt/Equity | 1.02 |
| RoNW | 18.52% |
| PAT Margin | 6.45% |
| EBITDA Margin | 11.59% |
| Price To Book Value | 3.94 |
| Marushika Technology | Pre IPO | Post IPO |
| EPS | 10.09 | 7.35 |
| P/E (X) | 11.6 | 15.91 |
Marushika Technology IPO Objectives
- Partial or complete repayment and/or prepayment of some of the loans that our company has taken out.
- Financing the need for operating capital.
- Overarching Business Objectives.
Marushika Technology Company Contact Details
- Marushika Technology Ltd. Address : Shop No. 5 Acharya Niketan, Mayur Vihar, East Delhi, New Delhi, 110091
- 0120-4290383
- Info@marushika.in
Marushika Technology Company Registrar
- Skyline Financial Services Pvt.Ltd.
- 02228511022
- ipo@skylinerta.com
Marushika Technology IPO FAQ
Q.1 How to apply for Marushika Technology IPO through zerodha?
A.1 Customers of Zerodha can use UPI as a payment mechanism to apply online for the Marushika Technology IPO. Customers of Zerodha can apply for the Marushika Technology IPO by logging in to the back office, Zerodha Console, and filling out an IPO application.
How to apply for Zerodha’s Marushika Technology IPO
- Log in to Console on the Zerodha website.
- Click the IPOs link after selecting Portfolio.
- Click the ‘Bid’ button after selecting the ‘Marushika Technology IPO’ row.
- Enter the price, quantity, and UPI ID.
- Send in your IPO application.
- To approve the mandate, go to the UPI App (net banking or BHIM).
Q.2 What is the lot size for Marushika Technology IPO for retail investors?
A.2 The minimum amount needed to apply is ₹2,80,800, and the minimum application size is two lots. The Marushika Technology IPO lot size is 1200.
Q.3 What are the strengths of Marushika Technology IPO?
A.3 Strengths of Marushika Technology IPO are :
- Numerous and varied IT offers and solutions.
- Built a strong relationship with OEMs (original equipment manufacturers).
- Knowledgeable and skilled management group.
- Presence throughout multiple industries with a track record of satisfied customers.
- Shown financial performance history.