Marushika Technology SME IPO
Marushika Technology IPO — date, price band, lot size & details 2026
Marushika Technology listed on 19 Feb 2026 at ₹120, 2.6% above the ₹117 issue price.
Marushika Technology is to launch its initial public offering (IPO), offering investors a chance to participate in its growth story. The company operates in the technology sector, focusing on innovative solutions and digital services. With a strong business model and plans for expansion, Marushika aims to use the IPO proceeds for scaling operations, investing in research, and strengthening its market presence. This IPO could attract both retail and institutional investors looking for long-term growth.
Stock price
Marushika Technology is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 3 October.
- Open 12 Feb 2026
- Close 16 Feb 2026
- Allotment 17 Feb 2026
- Refund/credit 18 Feb 2026
- Listing 19 Feb 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 16 Feb, 2026 |
|---|---|
| Price Band | ₹111 – ₹117 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹26.97 Cr. Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE SME |
| Registrar | Skyline Financial Services Private Limited |
| Min Investment | ₹ 2,80,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹117 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,80,800 |
| Retail (max) | 2 | 2,400 | ₹2,80,800 |
| HNI (min) | 3 | 3,600 | ₹4,21,200 |
Three years of numbers
All figures in ₹ crore, as reported in the Marushika Technology offer document.
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 62.68 | 53.94 | 48.37 |
| Total Income | 48.71 | 85.63 | 60.83 |
| Profit After Tax | 3.14 | 6.29 | 3.14 |
| EBITDA | 5.64 | 10.47 | 5.67 |
| NET Worth | 18.51 | 15.37 | 8.45 |
| Reserves and Surplus | 12.28 | 9.14 | 7.58 |
| Total Borrowing | 18.92 | 21.37 | 19.64 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Marushika Technology RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Marushika Technology IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹7.35 |
| P/E Ratio (x) | 15.91 |
| Market Cap at Offer Price (₹ Cr) | ₹49.98 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹117 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹23.89 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
0120-4290383
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
NEXGEN FINANCIAL SOLUTIONS PRIVATE LIMITED
6 issues handledBest listing: Defrail Technologies (+28.4%). Weakest: Manilam Industries (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Marushika Technology?
The current Grey Market Premium is ₹0.
What is the Marushika Technology IPO price band?
₹111 to ₹117, on a face value of ₹10.
When is the allotment?
The basis of allotment is 17 February 2026, with listing on 19 February 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Skyline Financial Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
