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 | |
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, founded on July 03, 2010, is one of the growing companies that offers IT and telecom infrastructure products. The firm provides a wide range of IT products and services such as data center setup, networking, telecom systems, surveillance, cybersecurity, and power management.
From installation, maintenance, to guidance of services, everything is done by the company. Moreover, the firm also offers Auto-tech solutions for the Defence sector, where they provide maintenance, refurbishment, and reverse engineering of military vehicles. The firm runs its business on a B2B and B2G model. Bharat Electronics Limited (BEL), Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), and National Security Guard (NSG) are among the major government clients of Marushika Technology.
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: [email protected]
Website: http://www.marushika.in/
IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
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