Marushika Technology Limited is entering the public markets through SME IPO with an issue size of ₹26.97 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on NSE & SME.
The IPO subscription window opens on February 12, 2026 and will remain open until February 16, 2026. The company plans to list its shares on February 19, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Marushika Technology Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Marushika Technology Limited that investors generally review before applying.
IPO Details at a Glance
| Company Name | Marushika Technology Limited |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹111 – ₹117 Per Share |
| Lot Size | 1,200 Shares |
| Face Value | ₹10 Per Share |
| Exchange | NSE & SME |
IPO Documents
| DRHP |
|---|
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Marushika Technology Limited IPO Important Dates
The following table highlights the key dates for the Marushika Technology Limited IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 12 Feb 2026 |
|---|---|
| IPO Closing Date | 16 Feb 2026 |
| Allotment Finalization | 17 Feb 2026 |
| Initiation of Refunds | 18 Feb 2026 |
| Credit of Shares | 18 Feb 2026 |
| IPO Listing Date | 19 Feb 2026 |
Marushika Technology Limited IPO Size & Structure
| Total IPO Size | ₹26.97 Crore |
|---|---|
| Fresh Issue | ₹26.97 Crore |
Marushika Technology IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Marushika Technology IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹111 to ₹117 per share.
Investors can apply for the IPO with a minimum of 1200 shares. Applications must be made in multiples of 1200 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 8 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹117 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹117 | ₹280,800 |
| Retail (Max) | 2 | 2,400 | ₹117 | ₹280,800 |
| S-HNI (Min) | 3 | 3,600 | ₹117 | ₹421,200 |
| S-HNI (Max) | 7 | 8,400 | ₹117 | ₹982,800 |
| B-HNI | 8 | 9,600 | ₹117 | ₹1,123,200 |
Marushika Technology Limited IPO GMP (Grey Market Premium)
The latest Marushika Technology Limited IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Marushika Technology Limited IPO GMP is ₹0 (0.00%), compared to the IPO issue price of ₹117. Based on the current GMP, the expected listing price is around ₹117. The Lowest GMP was ₹0 on 14 Feb 2026, while the highest GMP reached ₹0 on 14 Feb 2026.
Marushika Technology Limited IPO is expected to be listed on the stock exchange on 19 Feb 2026. The IPO has been subscribed 0.8 times so far. The first reported GMP was ₹0 (0%), while the latest available GMP stands at ₹0 (0%).Marushika Technology Limited IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 14 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
| 13 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
| 12 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
| 11 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
| 10 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
| 09 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
| 07 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
| 06 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
| 05 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
| 04 Feb 2026 | ₹117 | ₹0 | 0% | ₹117 | ₹0 |
Marushika Technology Limited IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Marushika Technology Limited fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Marushika Technology Limited IPO.
Marushika Technology Limited IPO Subscription Status
Marushika Technology Limited IPO was subscribed 0.8 times overall on the final day of bidding (as of 13 Feb 2026).The subscription opened on 12 Feb 2026. The Retail portion was subscribed 1.15 times, while NII categories were subscribed 0.96 times.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 12 Feb 2026 | — | 0.07x | 0.54x | — | 0.27x |
| 13 Feb 2026 | — | 0.96x | 1.15x | — | 0.8x |
On Day-1, the Marushika Technology Limited IPO saw low participation from investors. Retail subscription remained limited at 0.54x, while NII interest was also weak, keeping overall subscription on the lower side.
Subscription for the Marushika Technology Limited IPO improved slightly on Day-2 due to marginal increase in retail bids. However, institutional participation continued to remain limited.
Marushika Technology Limited IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | — |
| Non-Institutional Investors (NII) | 0.96x |
| Retail Investors | 1.15x |
| Total | 0.8x |
Marushika Technology Limited IPO Allotment Status
The Marushika Technology Limited IPO allotment status has not been announced yet. It will be declared on 17 Feb 2026. Please check back in 1 days for the allotment results.
- 🗓 Allotment Date: 17 Feb 2026
- 📈 Listing Date: 19 Feb 2026
How to Check Marushika Technology Limited IPO Allotment Status Online?
Investors can check the Marushika Technology Limited IPO allotment status online through Skyline Financial Services Private Limited and NSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
Skyline Financial Services
to know more about the IPO registrar.
Check on Skyline Financial Services Private Limited (IPO Registrar)
- Visit → Skyline Financial Services Private Limited
- Select Marushika Technology Limited
- Enter DPID/Client ID OR Application Number OR Pan of Investor
- Click Search to view allotment status
Check on NSE (National Stock Exchange) Website
- Go to → NSE Website
- Select Equity & SME IPO Bid Details.
- Choose Marushika Technology Limited IPO.
- Enter your PAN & Application Number.
- Click on Submit button.
The National Stock Exchange (NSE) provides an online facility to check the Marushika Technology Limited IPO allotment status.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Marushika Technology Limited IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
IPO Financial Summary
- Total Assets changed by 11.52% in FY 2024-2025.
- Total Revenue changed by 40.77% in FY 2024-2025.
- Profit After Tax changed by 100.32% in FY 2024-2025.
- Reserves & Surplus changed by 20.58% in FY 2024-2025.
- Total Borrowings changed by 8.81% in FY 2024-2025.
| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total Assets (₹ Cr) | 53.94 | 48.37 |
| Total Revenue (₹ Cr) | 85.63 | 60.83 |
| Profit After Tax (₹ Cr) | 6.29 | 3.14 |
| Reserves & Surplus (₹ Cr) | 9.14 | 7.58 |
| Total Borrowings (₹ Cr) | 21.37 | 19.64 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹39.36 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Repayment and/ or pre-payment, in part or full, of certain borrowings availed by our Company | 5.00 | 12.70% |
| 2 | Funding of working capital requirement | 14.68 | 37.30% |
| 3 | Total | 19.68 | 50.00% |
| Total | 39.36 | 100% | |
Marushika Technology IPO Promoter Holding
| Promoter(s) | Ms. Monicca Agarwaal, Mr. Jai Prakash Pandey and Ms. Sonika Aggarwal |
|---|---|
| Pre-Issue Holding | 79.71% |
Marushika Technology Limited IPO FAQs
The Marushika Technology Limited IPO is a SME Bookbuilding IPO with a total issue size of ₹26.97 crore. The issue consists of a fresh issue of ₹26.97 crore.
The IPO will open for subscription on Thu, 12 Feb 2026 and will close on Mon, 16 Feb 2026.
The shares are being offered at a price band of ₹111 to ₹117 per equity share.
Investors can apply for the IPO with a minimum lot size of 1,200 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹280,800.
The shares of Marushika Technology Limited are expected to be listed on NSE & SME on Thu, 19 Feb 2026.
The Grey Market Premium (GMP) of Marushika Technology Limited IPO is ₹0.
The Marushika Technology Limited IPO was subscribed 0.8 times on the final day of subscription.
The retail portion is subscribed 1.15 times as of 13 Feb 2026.
the NII portion is subscribed 0.96 times .
The IPO registrar of Marushika Technology Limited is Skyline Financial Services Private Limited. Skyline is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Tue, 17 Feb 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Tue, 17 Feb 2026 on the registrar or exchange website.
Shares are expected to be credited by Wed, 18 Feb 2026.
Refunds for unsuccessful applicants will be initiated on Wed, 18 Feb 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Listing details for Marushika Technology Limited are not available.
The latest share price of Marushika Technology Limited is currently not available.
Recent price movement data for Marushika Technology Limited is currently not available.
Disclaimer: The content published on this website is for informational and educational purposes only and must not be treated as financial, trading or investment advice. Share Market related articles, IPO details, GMP values, subscription data, listing estimates, allotment status and related information reflect market sentiment and public data and may be inaccurate or outdated. Nothing on this website constitutes an offer or recommendation to buy or sell any securities. We are not SEBI registered financial advisors. Investors must consult a qualified SEBI registered financial advisor before making any investment decisions. Any investment made based on the information provided here is entirely at the reader’s own risk. The author and the team at TheFinancialTalks.com shall not be responsible or liable for any financial loss. Investors must conduct thorough due diligence and seek professional financial advice before making any investment decisions.