Marushika Technology IPO Shows Strong Response, Subscribed 17.93x on Day 3

Marushika Technology Limited's initial public offering (IPO) has demonstrated strong investor interest through its third and final day of subscription. The stock price band is set at ₹111-117 per share. The ₹26.97 crore IPO reached 17.93 times by 5:00:01 PM on day three. This indicates strong investor interest in this company that distributes IT and telecom infrastructure products, delivering a wide range of IT products and services like setting up data centres, networking, telecom systems, surveillance, cybersecurity, and power management.

Marushika Technology IPO subscription reached strong 17.93 times on day three. It was led by Non-Institutional Investors (41.00x), Individual Investors (16.51x), and Qualified Institutional Buyers Ex-Anchor (2.92x). Total applications reached 7,151.

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Subscription Status of Marushika Technology IPO:

Here are the subscription details for Marushika Technology IPO as of Day 3 (February 16, 2026, 5:00:01 PM):

Key Highlights - Day 3:

• Overall subscription reached strong 17.93 times, showing extraordinary improvement from day two's 0.77 times
• Non-institutional investors displaying exceptional interest at 41.00 times, building dramatically from day two's 0.95 times, indicating unprecedented HNI demand for this IT and telecom infrastructure products distributor
• Individual investors showing strong confidence at 16.51 times, building substantially from day two's 1.13 times, indicating strong retail demand for this SME IPO
• Total applications reached 7,151, showing moderate investor participation for this SME IPO, a significant increase from day two's applications
• Cumulative bid amount reached ₹322.56 crores, significantly exceeding the net offer size of ₹25.61 crores (excluding anchor and market maker portions) by approximately 13 times
• Anchor investors fully subscribed their allocation of ₹7.62 crores on February 11, 2026
• Market makers fully subscribed their allocation of ₹1.36 crores

Key Highlights - Day 2:

• Overall subscription reached weak 0.77 times, showing substantial improvement from day one's 0.28 times
• Individual investors displaying moderate confidence at 1.13 times, building substantially from day one's 0.51 times
• Non-institutional investors showing weak performance at 0.95 times, building substantially from day one's 0.09 times
• Qualified institutional buyers displaying negligible performance at 0.00 times, unchanged from day one's 0.00 times

Key Highlights - Day 1:

• Overall subscription reached weak 0.28 times, showing very cautious initial investor interest
• Individual investors displaying weak confidence at 0.51 times, indicating weak retail appetite
• Non-institutional investors showing weak performance at 0.09 times, indicating weak HNI interest
• Qualified institutional buyers displaying negligible performance at 0.00 times, indicating no institutional interest on day one

About Marushika Technology Limited

Marushika Technology Limited distributes IT and telecom infrastructure products. The company delivers a wide range of IT products and services like setting up data centres, networking, telecom systems, surveillance, cybersecurity, and power management. It also offers installation, maintenance, and guidance and provides smart solutions such as access control, parking, lighting, and waste management. Business verticals include IT and telecom infra solutions (data centre IT infrastructure, server and internet protocol, videowall display solutions, power solutions, active networking), auto-tech solutions for defence (repairs and refurbishments, reverse engineering, control panel), and smart solutions.