Marushika Technology IPO
Marushika Technology IPO Details
-
Open Date
12 Feb 2026
-
Close Date
16 Feb 2026
-
Listing Date
19 Feb 2026
- IPO Price Range
₹ 111 to ₹117
- IPO Size
₹ 26.97 Cr
- Listing Exchange
NSE SME
Marushika Technology IPO Timeline
Marushika Technology IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Feb-2026 | 0.00 | 0.09 | 0.51 | 0.27 |
| 13-Feb-2026 | 0.00 | 0.95 | 1.12 | 0.76 |
Last Updated: 13 February 2026 5:10 PM by 5paisa
Marushika Technology Limited distributes IT and telecom infrastructure products, offering end-to-end solutions across data centres, networking, telecom systems, surveillance, cybersecurity and power management. The company also provides installation, maintenance and consultancy services, along with smart solutions such as access control, parking, lighting and waste management. Operating under B2B and B2G models, it serves clients including BEL, CEL, DMRC and NSG.
Established in: 2010
Managing Director: Monicca Agarwaal
Peers:
Vertexplus Technolgies Limited
Synoptics Technologies Limited
Marushika Technology IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹26.97 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹26.97 Cr |
Marushika Technology IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,66,400 |
| Retail (Max) | 2 | 2,400 | 2,80,800 |
| S-HNI (Min) | 3 | 3,600 | 3,99,600 |
| S-HNI (Max) | 7 | 8,400 | 9,82,800 |
| B-HNI (Min) | 8 | 9,600 | 10,65,600 |
Marushika Technology IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.00 | 4,35,600 | 0 | 0 |
| Non-Institutional Buyers | 0.95 | 3,31,200 | 3,13,200 | 3.664 |
| BNII | 0.87 | 2,19,600 | 1,90,800 | 2.232 |
| SNII | 1.10 | 1,11,600 | 1,22,400 | 1.432 |
| Individual Investors (IND category bidding for 2 Lots) | 1.12 | 7,70,400 | 8,61,600 | 10.081 |
| Total** | 0.76 | 15,37,200 | 11,74,800 | 13.745 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 36.99 | 60.66 | 85.25 |
| EBITDA | 1.66 | 5.67 | 10.47 |
| PAT | 0.40 | 3.14 | 6.29 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 30.43 | 48.37 | 53.93 |
| Share Capital | 0.78 | 0.87 | 6.23 |
| Total Liabilities | 30.43 | 48.37 | 53.94 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -2.95 | -6.38 | 1.00 |
| Net Cash Generated From / (used in) Investing Activities | -0.93 | -0.47 | -3.31 |
| Net Cash Generated From / (used in) Financing Activities | 4.22 | 9.40 | 0.42 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.64 | 2.55 | -1.89 |
Strengths
1. Delivers quality services across diverse technology domains.
2. Skilled and experienced in-house professional workforce.
3. Established brand reputation with strong customer trust.
4. Competitive pricing due to low infrastructure overheads.
Weaknesses
1. High reliance on few major clients.
2. Significant dependence on IT telecom infrastructure segment.
3. Working capital requirements remain relatively high.
4. Revenue concentration limits business diversification flexibility.
Opportunities
1. Strong growth potential in infrastructure and transport sectors.
2. Rising demand for cloud cybersecurity digital solutions.
3. Increasing IT adoption by small medium enterprises.
4. Government focus on digital and smart infrastructure.
Threats
1. Intensifying competition from local and large players.
2. Rapid technological changes require continuous upgrades.
3. Changes in government policies and EPC models.
4. Rising cybersecurity threats may impact reputation.
1. The company will repay or prepay borrowings of ₹5.00 crore.
2. The company will fund working capital needs of ₹14.68 crore.
3. The company will utilise funds for general corporate purposes.
Marushika Technology Limited operates in the growing IT and telecom infrastructure space, serving both government and enterprise clients. Its diversified offerings across data centres, networking, smart solutions and defence auto-tech position the company to benefit from rising digitalisation and infrastructure spending. Increasing demand for cybersecurity, cloud adoption and smart infrastructure projects supports long-term growth prospects and business scalability.
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FAQs
Marushika Technology IPO opens from February 12, 2026 to February 16, 2026.
The size of Marushika Technology IPO is ₹26.97 Cr.
The price band of Marushika Technology IPO is fixed at ₹111 to ₹117 per share.
To apply for Marushika Technology IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Marushika Technology. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Marushika Technology IPO is of 2,400 shares and the investment required is ₹2,66,400.
The share allotment date of Marushika Technology IPO is February 17,2026
The Marushika Technology IPO will likely be listed on February 19, 2026.
NEXGEN Financial Solutions Pvt. Ltd is the book running lead managers for Marushika Technology IPO.
Marushika Technology IPO plans to utilise the raised capital from the IPO for:
- The Company will fund working capital requirements of ₹9.75 crore.
- To prepay or repay certain outstanding borrowings.
- To support general corporate purposes of the Company.
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