IPO Listed — 19 Feb 2026
Listing Price: ₹120
Marushika Technology SME IPO GMP History | Listing Price ₹120 & Kostak Rate
Marushika Technology SME IPO has been listed on February 19, 2026 at a listing price of ₹120, against the issue price of ₹117 — a gain of ₹3 (+2.56%). The GMP peaked at ₹2 on 18 February 2026 and reached a low of ₹0 on 19 February 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Marushika Technology SME IPO raised ₹26.97 Cr. Cr. through its IPO at a price band of ₹111 to ₹117 per share, with a lot size of 1200 shares. The IPO was open for subscription from 12 Feb 2026 to 16 Feb 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 19 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 18 Feb 2026 | ₹ 2 | 2% | ₹ 0 | ₹ 0 | |
| 17 Feb 2026 | ₹ 2 | 2% | ₹ 0 | ₹ 0 | |
| 16 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 14 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 13 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 12 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 11 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 10 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 09 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 07 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 06 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 05 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 04 Feb 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 |
Marushika Technology SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 12 Feb, 2026 |
| Close Date | 16 Feb, 2026 |
| Allotment Date | 17 Feb, 2026 |
| Refund Date | 18 Feb, 2026 |
| Credit to Demat | 18 Feb, 2026 |
| Listing Date | 19 Feb, 2026 |
Marushika Technology SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹117 |
| Actual Listing Price | ₹120 (+2.56%) |
| Listing Gain / Loss | +₹3 per share |
| Listing Date | 19 Feb, 2026 |
Is Marushika Technology SME IPO GMP Reliable?
Grey market premium for Marushika Technology SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Marushika Technology SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Marushika Technology SME IPO IPO Kostak Rate Explained
The Kostak rate for Marushika Technology SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Marushika Technology SME IPO
The company’s business model is centred around offering end-to-end technology solutions, including application development, system integration, and support services. It generates revenue through project-based assignments as well as long-term service contracts, ensuring recurring income. Marushika Technology emphasises quality delivery and client-centric approaches, which helps in building long-term relationships. Its scalable service model allows it to cater to both small and mid-sized enterprises while exploring opportunities in wider markets.
Frequently Asked Questions about Marushika Technology SME IPO
What is the GMP of Marushika Technology SME IPO?
The current Grey Market Premium (GMP) of Marushika Technology SME IPO is not yet started or active in the market.
What is the Kostak Price of Marushika Technology SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Marushika Technology SME IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What is the Subject to Sauda Price of Marushika Technology SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What was the actual listing price of Marushika Technology SME IPO?
Marushika Technology SME IPO listed on February 19, 2026 at ₹120, against the issue price of ₹117 — a gain of +2.56%.
How did the GMP of Marushika Technology SME IPO trend before listing?
The GMP of Marushika Technology SME IPO was falling in its final days before listing. The GMP peaked at ₹2 on 18 February 2026. View the day-wise table above for the complete GMP history.
Explore Marushika Technology SME IPO Further
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