Marushika Technology IPO Description – Incorporated in 2010, Marushika Technology is engaged in the distribution of Information Technology (IT) and Telecom Infrastructure products, along with providing turnkey IT infrastructure and smart solutions. Its offerings span data centers, servers, active networking, IPBX systems, electronic surveillance, public address systems, power management, and advanced videowall display solutions. The company also provides smart solutions in access control, parking, lighting, and waste management, as well as Auto-tech solutions for Defence that include maintenance, refurbishment, and reverse engineering of tracked and wheeled military vehicles.
The company operates on both Business-to-Business (B2B) and Business-to-Government (B2G) models. Its clientele includes premier government and PSU organizations such as Bharat Electronics (BEL), Central Electronics (CEL), Delhi Metro Rail Corporation (DMRC), and the National Security Guard (NSG). Over the years, Marushika Technology has successfully executed more than 150 projects, with ongoing projects valued at INR 28.35 crore as of 31 July 2025.
As of 31 July 2025, the company has 21 full-time employees on its payroll.
Promoters of Marushika Technology – Ms. Monicca Agarwaal, Mr. Jai Prakash Pandey and Ms. Sonika Aggarwal
Table of Contents
Marushika Technology IPO Details
| Marushika Technology IPO Dates | 9 – 11 February 2026 |
| Marushika Technology Issue Price | INR 111 – 117 per share |
| Fresh Issue | 22,47,000 shares (INR 24.94 – 26.29 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 22,47,000 shares (INR 24.94 – 26.29 crore) |
| Minimum Bid | 2,400 shares (INR 2,80,800) |
| Lot Size | 1,200 shares (INR 1,40,400) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | NSE EMERGE |
Marushika Technology Financial Performance
| FY 2023* | FY 2024 | FY 2025 | |
| Revenue | 36.99 | 60.66 | 85.25 |
| Expenses | 36.48 | 56.77 | 77.17 |
| Net income | 0.40 | 3.14 | 6.29 |
* All standalone data
Marushika Technology Offer News
- Marushika Technology RHP
- Marushika Technology Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Marushika Technology Valuations & Margins
| FY 2023* | FY 2024 | FY 2025 | |
| EPS | 0.74 | 5.21 | 10.21 |
| PE ratio | – | – | 10.87 – 11.46 |
| RONW (%) | 11.16 | 42.85 | 55.94 |
| NAV | 48.72 | 89.77 | 24.45 |
| ROCE (%) | 9.92 | 18.63 | 26.88 |
| EBITDA (%) | 5.48 | 10.14 | 12.63 |
| Debt/Equity | 2.57 | 2.32 | 1.39 |
* All standalone data
Marushika Technology IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| Coming soon | – | – |
Marushika Technology IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of 1,16,400 shares and the anchor investor portion of () shares are not included in the above calculations.
Marushika Technology IPO Allotment Status
Marushika Technology IPO allotment status will be available on the Skyline Financial Services website. Click on this link to get the allotment status.
Marushika Technology IPO Dates & Listing Performance
| IPO Opening Date | 9 February 2026 |
| IPO Closing Date | 11 February 2026 |
| Finalization of Basis of Allotment | 12 February 2026 |
| Initiation of refunds | 13 February 2026 |
| Transfer of shares to demat accounts | 13 February 2026 |
| IPO Listing Date | 16 February 2026 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Marushika Technology Offer Lead Manager
NEXGEN FINANCIAL SOLUTION PRIVATE LIMITED
709, Madhuban Building, 55, Nehru Place, New Delhi-110019
Phone: +91 1141407600
Email: [email protected]
Website: www.nexgenfin.com
Marushika Technology Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Tel: +91-11-40450193-97
E-mail: [email protected]
Website: www.skylinerta.com
Marushika Technology Contact Details
MARUSHIKA TECHNOLOGY LIMITED
Office No 204, Plot No H32, Sector 63, Noida,
Gautam Buddha Nagar, Noida – 201301
Phone: 0120-4290383
E-mail: [email protected]
Website: www.marushika.in
IPO FAQs
What is the Marushika Technology offer size?
Marushika Technology offer size is INR 24.94 – 26.29 crores.
What is the Marushika Technology offer price band?
Marushika Technology public offer price is INR 111 – 117 per share.
What is the lot size of the Marushika Technology IPO?
Marushika Technology offer lot size is 1,200 shares.
What is the Marushika Technology IPO GMP today?
Marushika Technology IPO GMP today is INR NA per share.
What is the Marushika Technology kostak rate today?
Marushika Technology kostak rate today is INR NA per application.
What is the Marushika Technology’s IPO Subject to Sauda rate today?
Marushika Technology Subject to Sauda rate today is INR NA per application.