SME
IPO ·
NSE SME
Marushika Technology Ltd
Listed
Marushika Technology Limited distributes IT and telecom infrastructure products.
Issue details
Price band
₹111 – ₹117
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,80,800
Issue size
₹26.97 Cr
Fresh issue
₹25.61 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE SME
Key dates
Opens
12 Feb 2026
Closes
16 Feb 2026
UPI mandate cut-off
5:00 PM on 16 Feb 2026
Allotment
17 Feb 2026
Refunds
18 Feb 2026
Shares in demat
18 Feb 2026
Listing
19 Feb 2026
Subscription and listing
Subscription
12.89x
Listing price
₹120
Registrar
Skyline Financial Services Pvt Ltd
Lead manager
NEXGEN Financial Solutions
Subscription by category
Total
12.89x
Total applications
7,101
Anchor investors
Amount raised
₹7.62 Cr
Bid date
11 Feb 2026
50% lock-in ends
19 Mar 2026
Rest lock-in ends
18 May 2026
Listing day
Issue price
₹117
Open
₹120.00
High
₹123.00
Low
₹114.00
Day close
₹114.00
Listing gain at open
+2.56%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
10,87,200
47.16%
Anchor Investor Shares Offered
6,51,600
28.27%
QIB (Ex. Anchor) Shares Offered
4,35,600
18.90%
NII Shares Offered
3,31,200
14.37%
bNII > ₹10L
2,19,600
9.53%
sNII < ₹10L
1,11,600
4.84%
Retail Shares Offered
7,70,400
33.42%
Market Maker Shares Offered
1,16,400
5.05%
Total Shares Offered
23,05,200
100.00%
Finaccle’s quick read
Neutral
FY25 income up 41%, PAT up 100%, ROE 18.52%, D/E 1.02, post-issue P/E 15.91x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Marushika Technology Limited distributes IT and telecom infrastructure products. The company delivers wide range of IT products and services like set up data centers, networking, telecom systems, surveillance, cybersecurity, and power management. It also offers installation, maintenance, and guidance and provide smart solutions such as access control, parking, lighting, and waste management. Business Verticals IT & Telecom Infra Solutions: Data Center IT Infrastructure, Server & Internet Protocol, Videowall Display Solutions, Powers Solutions, Active Networking, etc.
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
18.52%
ROCE
13.89%
Debt / equity
1.02
PAT margin
6.45%
P/E post issue
15.91
Market cap
₹99.88 Cr
Use of IPO money
Repayment and/ or pre-payment, in part or full, of certain borrowings availed by Company
₹5.00 Cr
Funding of Working Capital Requirement
₹14.68 Cr
General Corporate Purposes
₹3.29 Cr
Issue Expenses
₹4.00 Cr
Strengths
✓
Revenue up 41% in FY25 to ₹85.63 Cr
✓
PAT up 100% in FY25 to ₹6.29 Cr
✓
ROE of 18.52% and ROCE of 13.89%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 6.45%
!
Debt to equity of 1.02
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.