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MARUSHIKA
Marushika Technology IPO, a SME IPO was listed on the exchange on February 16, 2026. The price band is set between ₹111 –117 , with a face value of ₹10 . Retail investors can apply with a minimum of 2 lots, each comprising 1,200 shares — amounting to ₹280,800 at the upper price.
Marushika Technology IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Marushika Technology IPO SME Important Dates
Get important updates regarding Marushika Technology IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Listing day gain
+2.56%
Listed at ₹120 (issue ₹117)
Issue
₹117
Listing
₹120
Current
₹109
-6.84% vs issue
Day range
₹108.3 – ₹116.9
Open Date
Feb 09
Close Date
Feb 11
Allotment
Feb 12
Listing
Feb 16
Issue Size
2,305,200 shares
(aggregating up to ₹26.97 Cr)
Issue Price
₹111 – ₹117
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹280,800
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
2,305,200 shares
(aggregating up to ₹26.97 Cr)
Issue Type
book building
Last updated: 1 month ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 19 Feb 2026 Latest | ₹117 | ₹2 | ₹119 | ₹2 |
1.71%
|
12:21 PM |
| 18 Feb 2026 | ₹117 | ₹2 | ₹119 | ₹2 |
1.71%
|
12:47 PM |
| 17 Feb 2026 | ₹117 | ₹2 | ₹119 | ₹2 |
1.71%
|
6:40 PM |
| 16 Feb 2026 | ₹117 | ₹2 | ₹119 | ₹2 |
1.71%
|
3:02 PM |
| 15 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
5:17 PM |
| 14 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
6:00 PM |
| 13 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
2:45 PM |
| 12 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
6:07 PM |
| 11 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
4:13 PM |
| 10 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
11:39 AM |
| 09 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
1:03 PM |
| 08 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
3:30 PM |
| 07 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
6:00 PM |
| 06 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
2:49 PM |
| 05 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
4:27 PM |
| 04 Feb 2026 | ₹117 | ₹0 | ₹117 | ₹0 |
0%
|
12:57 PM |
Latest snapshot: Feb 17, 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 2.92x | 10 |
| NII | 41.35x | 1,842 |
| bNII (bids above ₹10L) | 51.22x | 1,170 |
| sNII (bids below ₹10L) | 21.09x | 672 |
| Individual Investors | 16.51x | 5,300 |
| Total | 18.01x | 8,994 |
Ms. Monicca Agarwaal, Mr. Jai Prakash Pandey and Ms. Sonika Aggarwal are the company promoters.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹280,800 |
| Retail (Max) | 1 | 1,200 | ₹140,400 |
| 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 |
Marushika Technology Limited is a Delhi-based company providing complete IT and telecom infrastructure solutions. They help businesses set up data centers, networking, surveillance systems, and cybersecurity. They also provide specialized "auto-tech" solutions for the Indian Defence sector, including installation and maintenance services.
Strengths: The company has a solid track record of growth, nearly doubling its profit in the last financial year. Their strength lies in their diverse service portfolio which ranges from simple networking to complex smart city and cybersecurity projects. Being an early mover in the emerging "Smart City" and "Digital India" segments provides them with a competitive edge. Furthermore, their long-standing relationship with clients and a strong unexecuted order book (approx. ₹28 Cr as of July 2025) ensures revenue visibility.
Growth: Marushika is aggressively expanding its footprint by shifting from a private entity to a public one to fuel capital needs. The company’s revenue grew by 41% and PAT by over 100% between FY24 and FY25. By utilizing IPO proceeds to reduce debt and fund working capital, the company aims to take on larger government and private infrastructure projects. Their expansion into Defence auto-tech and high-end surveillance is expected to be the primary driver for future scaling.
Standalone · ₹ in Crores
| Particulars | FY 2024 | FY 2025 Latest |
|---|---|---|
| Total Revenue | 60.83 |
85.63
↑ 40.8%
|
| Profit After Tax (PAT) | 3.14 |
6.29
↑ 100.3%
|
| EBITDA | 6.15 |
10.77
↑ 75.1%
|
| Total Assets | 48.37 |
53.94
↑ 11.5%
|
| Net Worth | 8.45 |
15.37
↑ 81.9%
|
| Reserves & Surplus | 7.58 |
9.14
↑ 20.6%
|
| Total Borrowing | 19.64 |
21.37
↑ 8.8%
|
Revenue & Profit Trend
The Marushika Technology IPO is expected to open in February, 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Marushika Technology IPO is ₹111.00 - ₹117.00 per share.
As per market sources, Marushika Technology IPO GMP is currently ₹2.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Marushika Technology IPO stands at 18.01x overall.
The listing date for Marushika Technology IPO is February 16, 2026.
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