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MARUSHIKA · NSE · IT & Telecom Infrastructure
Marushika Technology IPO listed on 16 Feb 2026 on NSE at ₹120.00, a gain of 2.56% over the issue price of ₹117.00. The IPO was subscribed 18.01x overall.
Marushika Technology IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 09 Feb 2026 |
| IPO Close Date | 11 Feb 2026 |
| Basis of Allotment | 12 Feb 2026 |
| Initiation of Refunds | 13 Feb 2026 |
| Credit of Shares to Demat | 13 Feb 2026 |
| Listing Date | 16 Feb 2026 |
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
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)
Offer for Sale
[.]
Issue Type
book building
Open Date
09 Feb
Close Date
11 Feb
Allotment
12 Feb
Listing
16 Feb
Last updated: 7 months 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 |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 17 Feb 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 |
Showing the latest subscription snapshot.
View full subscription historyMs. Monicca Agarwaal, Mr. Jai Prakash Pandey and Ms. Sonika Aggarwal are the company promoters.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹280,800 |
| Retail (Max) | 2 | 2,400 | ₹280,800 |
| 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 |
|---|---|---|
| Total Revenue | 60.83 | 85.63 |
| Profit After Tax (PAT) | 3.14 | 6.29 |
| EBITDA | 6.15 | 10.77 |
| Total Assets | 48.37 | 53.94 |
| Net Worth | 8.45 | 15.37 |
| Reserves & Surplus | 7.58 | 9.14 |
| Total Borrowing | 19.64 | 21.37 |
Revenue & Profit Trend
The basis of allotment for Marushika Technology IPO was finalised on 12 Feb 2026. You can check your allotment status using your PAN number or application number on the Skyline Financial Services Pvt.Ltd. portal or BSE.
The Marushika Technology IPO is expected to open in Feb 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 16 Feb 2026.
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