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Marushika Technology
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
bar_chart Subscription Status
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
Share GMP:
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
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
12 Feb 2026
Close
16 Feb 2026
Allotment
17 Feb 2026
Listing
19 Feb 2026