Marushika Technology IPO GMP today is Rs 3. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
MARUSHIKATECHNOLOGY
Marushika Technology IPO GMP, Subscription & Allotment Status Today
Marushika Technology is a SME IPO with a price band of Rs 111.00 to Rs 117.00 that listed on 19 Feb 2026 at a listing gain of +2.56%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹111.00 - ₹117.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 16 Feb 2026
- Listing Date
- 19 Feb 2026
Current GMP Status
₹3
+2.56% vs upper band
Est. Listing Gain
+2.56%
Last Trend
18 Feb 2026
Listing Price
₹120.00
Retail Entry
₹2,80,800
IPO Details
Complete IPO information
| Current GMP | ₹3 |
|---|---|
| Estimated Listing Gain | +2.56% |
| Price Band | ₹111.00 - ₹117.00 |
| Issue Price | Approx ₹117.00 Crores |
| Listing Price | ₹120.00 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 19 Feb 2026 |
| Minimum Investment | ₹2,80,800 |
Head-to-head
Compare Marushika Technology IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Marushika Technology is priced at ₹117 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,80,800 to participate in this SME issue.
The latest recorded Grey Market Premium for Marushika Technology stands at ₹3, implying an estimated listing gain of around 2.56% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
12 Feb 2026
✓
Bidding Closes
16 Feb 2026
✓
Allotment
TBA
✓
Listing
19 Feb 2026
Grey Market Premium
Daily GMP status
Trend chart builds up as more daily GMP snapshots are recorded.
| Date | GMP | Change | Gain |
|---|---|---|---|
| 18 Feb 2026 | ₹2.00 | - | 1.71% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,80,800 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,80,800 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹4,21,200 |
| S-HNI Maximum | 7 Lot | 8,400 | ₹9,82,800 |
| B-HNI Minimum | 8 Lot | 9,600 | ₹11,23,200 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Marushika Technology IPO – Details
| Particular | Details |
|---|---|
| IPO Open Date | February 12, 2026 |
| IPO Close Date | February 16, 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹111 to ₹117 Per Share |
| Issue Size | Approx ₹26.97 Crores |
| Fresh Issue | Approx ₹26.97 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
Analysis
Marushika Technology IPO – Market Lot Details
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,80,800 |
| Retail Maximum | 2 | 2,400 | ₹2,80,800 |
| S-HNI Minimum | 3 | 3,600 | ₹4,21,200 |
| S-HNI Maximum | 7 | 8,400 | ₹9,82,800 |
| B-HNI Minimum | 8 | 9,600 | ₹11,23,200 |
Analysis
Marushika Technology IPO – Reservation Details
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investors | 6,51,600 | 28.27% |
| QIB (Excluding Anchor) | 4,35,600 | 18.90% |
| NII (HNI) | 3,31,200 | 14.37% |
| Retail | 7,70,400 | 33.42% |
Analysis
Marushika Technology IPO – Anchor Investors
| Particular | Details |
|---|---|
| Anchor Bidding Date | February 11, 2026 |
| Shares Offered | 6,51,600 Shares |
| Anchor Size | – Cr. |
| Lock-in Period (50% – 30 Days) | March, 2026 |
| Lock-in Period (50% – 90 Days) | May, 2026 |
Analysis
Marushika Technology IPO – Important Dates
| Event | Date |
|---|---|
| IPO Open Date | February 12, 2026 |
| IPO Close Date | February 16, 2026 |
| Basis of Allotment | February 17, 2026 |
| Refunds | February 18, 2026 |
| Credit to Demat Account | February 18, 2026 |
| IPO Listing Date | February 19, 2026 |
| IPO Bidding Cut-off Time | February 16, 2026 – 5 PM |
Analysis
Marushika Technology IPO – Promoters & Holding Pattern
| Particular | Details |
|---|---|
| Promoters | Ms. Monicca Agarwaal, Mr. Jai Prakash Pandey, Ms. Sonika Aggarwal |
| Promoter Holding (Pre Issue) | 62,31,568 Shares (79.71%) |
| Promoter Holding (Post Issue) | 84,78,568 Shares (–) |
Analysis
Marushika Technology IPO – Objects of the Issue
| Purpose | Amount (₹ Crores) |
|---|---|
| Repayment and / or pre-payment, in part or full, of certain borrowings | ₹5.89 |
| Funding of working capital requirement | ₹18.00 |
| General Corporate Purpose | – |
Analysis
About Marushika Technology IPO
Marushika Technology Limited, founded on July 03, 2010, is one of the growing companies that offers IT and telecom infrastructure products. The firm provides a wide range of IT products and services such as data center setup, networking, telecom systems, surveillance, cybersecurity, and power management.
From installation, maintenance, to guidance of services, everything is done by the company. Moreover, the firm also offers Auto-tech solutions for the Defence sector, where they provide maintenance, refurbishment, and reverse engineering of military vehicles. The firm runs its business on a B2B and B2G model. Bharat Electronics Limited (BEL), Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), and National Security Guard (NSG) are among the major government clients of Marushika Technology.
Analysis
Marushika Technology IPO – Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2024 | 60.83 | 56.77 | 3.14 | 48.37 |
| 2025 | 85.63 | 77.17 | 6.29 | 53.94 |
| Sep 2025 | 48.71 | 44.54 | 3.14 | 62.68 |
Analysis
Marushika Technology IPO – Valuation (FY2025)
| KPI | Values |
|---|---|
| ROE | – % |
| ROCE | 26.88% |
| EBITDA Margin | 12.63% |
| PAT Margin | 7.37% |
| Debt to Equity Ratio | 1.39 |
| Earning Per Share (EPS) | ₹9.70 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 55.94% |
| Net Asset Value (NAV) | ₹24.45 |
Analysis
Marushika Technology IPO – Peer Group Comparison
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Vertexplus Technologies Limited | 1.56 | 70.00 | 3.56% | 44.75 | 0.86 |
| Synoptics Technologies Limited | 4.76 | 16.39 | 5.96% | 82.34 | 4.04 |
Analysis
IPO Lead Managers aka Merchant Bankers
- Nexgen Capitals Ltd.
FAQ
Marushika Technology IPO FAQs
Marushika Technology IPO price band is Rs 111.00 to Rs 117.00. Check the latest issue price, lot size and GMP together before applying.
Marushika Technology IPO open date is 12 Feb 2026, close date is 16 Feb 2026, and listing date is 19 Feb 2026.
Marushika Technology IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,80,800.
Marushika Technology is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Marushika Technology IPO subscription status currently shows Subscription data is currently awaited.
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