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MT

Marushika Technology

Listed SME NSE SME · Computers Hardware & Equipments

Price Band

₹111.0–117.0

Issue Size

₹26.97 Cr

Lot Size

1,200 shares

Min Investment

₹280,800

GMP

+₹2.0 (1.71%)

Issue Price

₹117.0

calendar_month Important Dates

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IPO Open Date
Thu, 12 Feb 2026
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IPO Close Date
Mon, 16 Feb 2026
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Allotment Date
Tue, 17 Feb 2026
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Refund Initiation
Wed, 18 Feb 2026
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Credit of Shares
Wed, 18 Feb 2026
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Listing Date
Thu, 19 Feb 2026
Listing Price
₹119.0 +1.71%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

+₹2.0

GMP %

+1.71%

Est. Listing

₹119.0

schedule Updated: 14 Jul 2026 15:52

business About the Company

Marushika Technology Limited is engaged in the distribution and implementation of IT and telecom infrastructure products. The company offers a broad portfolio of IT solutions and services, including data center setup, networking, telecom systems, surveillance solutions, cybersecurity, and power management. In addition to supply and installation, it provides maintenance, consultancy, and smart technology solutions such as access control systems, smart parking, intelligent lighting, and waste management solutions. Business Verticals IT & Telecom Infrastructure Solutions:Data center IT infrastructure, servers and IP-based solutions, video wall display systems, power solutions, and active networking. Auto-Tech Solutions for Defence:Repair and refurbishment services, reverse engineering, control panels, and related solutions. Smart Solutions Marushika Technology Limited primarily operates under Business-to-Business (B2B) and Business-to-Government (B2G) models. The company serves several government and public sector organizations, including Bharat Electronics Limited (BEL), Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), and the National Security Guard (NSG). Over the years, the company has successfully executed more than 150 projects. As of July 31, 2025, it had ongoing projects valued at approximately ₹2,835.42 lakhs. Competitive Strengths Wide range and diversified IT solutions and offerings Established strong relationship with Original Equipment Manufacturer (OEMs) Experienced and Qualified management team Presence in multiple industry verticals with long-standing customer relationships Demonstrated track record of financial performance

payments Company Financials (₹ Cr)

As of 2025-09-30

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

Key Ratios

EPS

₹10.09

NAV

₹24.67

ROE

52.77%

ROCE

26.88%

RoNW

52.77%

P/B Value

4.74

P/E Ratio

11.6

Market Cap

₹99.88 Cr

PAT Margin

7.37%

Debt/Equity

1.39

Promoters

Monicca Agarwaal, Jai Prakash Pandey and Sonika Aggarwal

Objects of the Issue

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 Company 5.00 2 Funding of Working Capital Requirement 14.68 3 General Corporate Purposes 3.29 4 Issue Expenses 4.00 Total 26.97

info Issue Details

Issue Type SME Book Built
Issue Size ₹26.97 Cr
Price Band ₹111.0 – ₹117.0
Issue Price ₹117.0
Lot Size 1,200 shares
Min Investment ₹280,800
Exchange NSE SME
Sector Computers Hardware & Equipments
Open Date 12 Feb 2026
Close Date 16 Feb 2026
Allotment 17 Feb 2026
Listing Date 19 Feb 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Skyline Financial Services Pvt.Ltd.

Lead Managers / Book Running

account_balance NEXGEN Financial Solutions Pvt.Ltd.

timeline IPO Timeline

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Open

12 Feb 2026

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Close

16 Feb 2026

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Allotment

17 Feb 2026

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Listing

19 Feb 2026

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