Marushika Technology Limited is a technology-driven company engaged in providing IT solutions, digital services, and technology support to businesses. The company focuses on delivering scalable and cost-effective solutions across multiple industries.
With increasing digital adoption, the company aims to expand its client base and enhance service offerings.(IPOUPDATES)
Marushika Technology IPO Dates
| Event | Date |
|---|---|
| IPO Open | 09 Feb 2026 |
| IPO Close | 11 Feb 2026 |
| Basis of Allotment | 12 Feb 2026 |
| Refund Initiation | 13 Feb 2026 |
| Shares Credited | 13 Feb 2026 |
| Listing Date | 16 Feb 2026 |
Marushika Technology IPO Details
| Attribute | Details |
|---|---|
| Company | Marushika Technology Limited |
| IPO Type | SME IPO – Book Built Issue |
| Issue Size | ~ ₹26.97 Crore (Fresh Issue) |
| Issue Price | ₹111 – ₹117 per share |
| Face Value | ₹10 per share |
| Market Lot | 1,200 shares |
| Total Shares Offered | 23,05,200 shares |
| Fresh Issue | 23,05,200 shares |
| Listing Exchange | NSE EMERGE SME |
| Book Running Lead Manager | Nexgen Capitals Ltd. |
| Registrar | Skyline Financial Services Pvt Ltd |
| IPO Status | Opening for subscription |
(Figures as per DRHP & updated IPO sources)
Marushika Technology IPO Review & Key Points
Overview
Marushika Technology is focused on providing technology infrastructure solutions, IT & telecom products, and value-added services to businesses including government agencies, PSUs, and private enterprises.
What makes this IPO notable
- Operates in the fast-growing tech & digital services market
- Reduced reliance on external funding while increasing net worth
- Strong client base including government projects
Risks
- SME IPOs are riskier than large mainboard IPOs
- Competition within tech services
- Earnings depend on execution of client projects and contracts
Marushika Technology IPO Market Lot
| Investor Category | Reservation |
|---|---|
| Retail Individual Investors | Approx. 35% |
| QIBs / Anchor Investors* | As per SME norms |
| HNI Investors | Balance |
| Category | Lots | Shares | Amt. (₹) |
|---|---|---|---|
| Retail Min | 2 | 2,400 | 280,800 |
| Retail Max | 2 | 2,400 | 280,800 |
| S-HNI Min | 3 | 3,600 | 421,200 |
| S-HNI Max | 7 | 8,400 | 982,800 |
| B-HNI Min | 8 | 9,600 | 1,123,200 |
(One lot = 1,200 shares)
IPO Reservation
* Exact anchor investor listing will be available in the IPO prospectus.
Promoters and Holding Pattern
Promoters:
- Ms. Monicca Agarwaal
- Mr. Jai Prakash Pandey
- Ms. Sonika Aggarwal
Pre-IPO Holding:
- ~79.71% promoters holding before issue
Objects of the Issue & Utilisation of Proceeds
The IPO proceeds will be used for:
- Repayment / pre-payment of borrowings
- Working capital requirements
- General corporate purposes
About Marushika Technology IPO (Company Business)
Marushika Technology Limited provides:
- IT & telecom infrastructure equipment
- Networking & communication systems
- Cybersecurity & technical support
- Smart technology solutions for enterprises
The company has executed more than 150+ projects and serves clients, including government and PSU entities.
Marushika Technology IPO Company Financial Report
(All figures in ₹ Crore)
| Period | Revenue | Net Profit | EBITDA |
|---|---|---|---|
| FY 2023* | 36.99 | 0.40 | – |
| FY 2024 | 60.83 | 3.14 | 6.15 |
| FY 2025 | 85.63 | 6.29 | 10.77 |
*Figures from DRHP and market reports may vary slightly based on source.
Marushika Technology IPO Valuation – FY2025
| Metric | Value |
|---|---|
| EPS | ~10.21 |
| PAT Margin | ~7.37% |
| EBITDA Margin | ~12.63% |
| ROE | ~52.77% |
| RoNW | ~55.94% |
| P/E (Pre-IPO) | ~11.6 |
| P/E (Post-IPO) | ~15.9 |
(Indicative valuations for FY2025) )
Peer Group Comparison
| Company | EPS | PE Ratio |
|---|---|---|
| Vertexplus Technologies Ltd | 1.56 | ~70.00 |
| Synoptics Technologies Ltd | 4.76 | ~16.39 |
(Comparison based on SME tech peers)
IPO Lead Managers aka Merchant Bankers
- Nexgen Capitals Ltd. – Lead Manager to the Issue
Company Address
Registered Office:
Shop No. 5, Acharya Niketan,
Mayur Vihar, East Delhi,
New Delhi — 110091, India
Corporate Office:
Office No. 204, Plot No H32,
Sector 63, Noida, Uttar Pradesh — 201301, India
IPO Registrar
- Skyline Financial Services Pvt Ltd — Registrar to the Issue
Marushika Technology IPO FAQs
Q: When does the Marushika Technology IPO open?
A: 09 February 2026.
Q: What is the price band?
A: ₹111 to ₹117 per share.
Q: What is the lot size?
A: 1,200 shares per lot.
Q: Which exchange will it list on?
A: NSE EMERGE SME.
Q: How to check allotment status?
A: Visit Skyline Financial Services registrar site / NSE IPO status page with PAN.
Disclaimer
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
