The Marushika Technologies IPO will open on February 12, 2026, and close on February 16, 2026. The Marushika Technologies IPO is a book-build issue IPO GMP . The company will raise approximately ₹26.97 crore through the IPO, which includes a fresh issue of ₹26.97 crore and an offer for sale of up to [.] equity shares with a face value of ₹10.
The Marushika Technologies IPO price band is ₹111 to ₹117 per share. The retail quota is 35%, QIB 50%, and HNI 15%. The Marushika Technologies IPO will be listed on NSE SME on February 19, 2026. The allotment status for the Marushika Technologies IPO is February 17, 2026.
The company projects revenue of ₹85.63 crore in 2025, compared to ₹60.83 crore in 2024. The company projects a profit of ₹6.29 crore in 2025, compared to ₹3.14 crore in 2024. According to financials, IPO investors should apply for the long term.
Marushika Technology IPO Details
| IPO Open Date | February 12, 2026 |
| IPO Close Date | February 16, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹111 to ₹117 Per Share |
| Issue Size | Approx ₹26.97 Crores |
| Fresh Issue | Approx ₹26.97 Crores |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | 
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Marushika Technology IPO Review & Key Points
- Review: Neutral
Marushika Technology IPO Market Lot
The Marushika Technology IPO minimum market lot is 2,400 shares with ₹2,80,800 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,80,800 |
| Retail Maximum | 2 | 2,400 | ₹2,80,800 |
| S-HNI Minimum | 3 | 3,600 | ₹4,21,200 |
| S-HNI Maximum | 7 | 8,400 | ₹9,82,800 |
| B-HNI Minimum | 8 | 9,600 | ₹11,23,200 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 6,51,600 Shares | 28.27% |
| QIB (Ex. Anchor) | 4,35,600 Shares | 18.90% |
| NII Shares Offered | 3,31,200 Shares | 14.37% |
| Retail Shares Offered | 7,70,400 Shares | 33.42% |
Marushika Technology IPO Anchor Investors
| Anchor Bidding Date | February 11, 2026 |
| Anchor Investors List |  |
| Shares Offered | 6,51,600 Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | March, 2026 |
| lock-in period end date 50% shares (90 Days) | May, 2026 |
Marushika Technology IPO Dates
The Marushika Technology IPO date is February 12 and the close date is February 16. The Marushika Technology IPO allotment will be finalized on February 17 and the IPO listing on February 19.
| IPO Open Date: | February 12, 2026 |
| IPO Close Date: | February 16, 2026 |
| Basis of Allotment: | February 17, 2026 |
| Refunds: | February 18, 2026 |
| Credit to Demat Account: | February 18, 2026 |
| IPO Listing Date: | February 19, 2026 |
| IPO Bidding Cut-off Time: | February 16, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Ms. Monicca Agarwaal, Mr. Jai Prakash Pandey and Ms. Sonika Aggarwal.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 62,31,568 | 79.71% |
| Promoter Holding Post Issue | 84,78,568 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Repayment and/ or pre-payment, in part or full, of certain borrowings availed by our Company | ₹5.89 |
| Funding of working capital requirement | ₹18.00 |
| General Corporate Purpose | ₹- |
About Marushika Technology IPO
Marushika Technology Limited, incorporated on July 3, 2010, is a growing company providing IT and telecom infrastructure products. The firm offers a wide range of IT products and services, including data center setup, networking, telecom systems, surveillance, cybersecurity, and power management.
The company handles everything from installation and maintenance to service guidance. Additionally, the firm provides auto-tech solutions for the defense sector, including maintenance, refurbishment, and reverse engineering of military vehicles. The firm operates its business on a B2B and B2G model. Bharat Electronics Limited (BEL), Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), and the National Security Guard (NSG) are among marushika Technology's major government clients.
Marushika Technology IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹60.83 | ₹56.77 | ₹3.14 | ₹48.37 |
| 2025 | ₹85.63 | ₹77.17 | ₹6.29 | ₹53.94 |
| Sep 2025 | ₹48.71 | ₹44.54 | ₹3.14 | ₹62.68 |
Marushika Technology IPO Valuation – FY2025
Check Marushika Technology IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | 26.88% |
| EBITDA Margin: | 12.63% |
| PAT Margin: | 7.37% |
| Debt to equity ratio: | 1.39 |
| Earning Per Share (EPS): | ₹9.70 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 55.94% |
| Net Asset Value (NAV): | ₹24.45 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Vertexplus Technolgies Limited | 1.56 | 70.00 | 3.56% | 44.75 | 0.86 Cr. |
| Synoptics Technologies Limited | 4.76 | 16.39 | 5.96% | 82.34 | 4.04 Cr. |
IPO Lead Managers aka Merchant Bankers
- Nexgen Capitals Ltd.
Company Address
Marushika Technology Ltd.
Shop No. 5 Acharya Niketan,
Mayur Vihar,
East Delhi, New Delhi, 110091
Phone: 0120-4290383
Email: Info@marushika.in
Website: http://www.marushika.in/
IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Marushika Technology IPO - FAQs
Q.What is Marushika Technology Limited IPO?
Ans. Marushika Technology Limited IPO is a SME IPO. The issue is priced at ₹111-117 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Feb 12, 2026, and closes on Feb 16, 2026. Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Q.When does the Marushika Technology Limited IPO open and close?
The Marushika Technology Limited IPO opens on Feb 12, 2026 and closes on Feb 16, 2026.
Q.Where can I check the live subscription status of the Marushika Technology Limited IPO?
Ans. You can track the real-time subscription numbers using the links below:
- Click here for Marushika Technology Limited IPO Live Subscription Status
- Click here for All Ongoing IPOs Live Subscription Status
Q.What is the issue size of the Marushika Technology Limited IPO?
Ans. The size of Marushika Technology Limited IPO is 23,05,200 shares(aggregating up to ₹26.97 Cr).
Q.What is the price band of the Marushika Technology Limited IPO?
Ans. The Marushika Technology Limited IPO price band is set between ₹111-117 per equity share.
Q.How can I apply for the Marushika Technology Limited IPO?
Ans. To apply for Marushika Technology Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Marushika Technology Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Q.What is the allotment date of the Marushika Technology Limited IPO?
Ans. The share allotment date of Marushika Technology Limited IPO is Feb 17, 2026.
Q.What is the Marushika Technology Limited IPO listing date?
Ans. The Marushika Technology Limited IPO will be listed on Feb 19, 2026.
Q.How to check Marushika Technology Limited IPO allotment status online?
Ans. Follow the steps to check the Marushika Technology Limited IPO allotment status online.