Marushika Technology Ltd.
MARUSHIKASME
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Overview
Marushika Technology Limited is a distributor of Information Technology (IT) and Telecom Infrastructure products. The company provides a wide range of products and services, including setting up data center infrastructure, active networking, telecom systems, advanced surveillance systems, data protection, cybersecurity, and power management. It also offers installation and maintenance services. Additionally, Marushika Technology has expanded its offerings to include smart solutions such as access control, parking, lighting, and waste management, as well as Auto-tech solutions for the Defence sector, which involve maintenance, refurbishment, and reverse engineering of military vehicles.
Opening Date
Feb 12, 2026
Closing Date
Feb 16, 2026
Listing Date
Feb 19, 2026
IPO Type
SME
IPO Status
Closed
Issue Size
26.97 Cr
Fresh Issue
26.97 Cr
Offer for Sale
0 Cr
Price Band
₹111 - ₹117
Lot Size
1200
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
Our Company intends to utilize the Net Proceeds for the following objects:
- •
Repayment and/or pre-payment, in part or full, of certain secured and unsecured borrowings availed by the company from various banks and financial institutions, aiming to reduce outstanding indebtedness and lower interest costs.
- •
Funding the working capital requirements to support future growth, fulfill existing and upcoming orders, bid for new projects, and manage trade receivables and payables.
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To meet general corporate purposes, which may include strategic initiatives, strengthening the marketing network, brand-building exercises, and meeting operational exigencies.
Key Performance Indicator
P/E Ratio
11.6
EPS
10.09
ROE
18.52%
ROCE
13.89%
RONW
18.52%
Debt to Equity Ratio
—
PAT Margin
6.45%
EBITDA Margin
11.59%
P/B
3.94
SWOT Analysis
Strengths
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Offers a wide and diversified range of IT solutions and services across multiple verticals.
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Maintains established and strong relationships with various Original Equipment Manufacturers (OEMs).
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Led by an experienced and qualified management team with deep industry expertise.
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Established brand reputation and long-standing relationships with customers across various industries.
Weaknesses
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High reliance on a limited number of major clients, posing risks to business continuity.
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Heavy dependency on the IT & Telecom Infrastructure solutions segment for a majority of revenue.
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The business is highly working capital intensive due to its project-based execution model.
Opportunities
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Significant growth potential in service segments like infrastructure and transportation.
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Growing demand for cloud services, cybersecurity, and digital transformation solutions offers avenues for expansion.
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Increasing adoption of IT infrastructure by small and medium enterprises (SMEs) is creating a new customer base.
Threats
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Increased competition from both large established players and smaller local firms.
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The rapid pace of technological change requires constant adaptation and investment.
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Potential changes in government policies and project models could impact business.
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Increasing cybersecurity threats and data breaches pose risks to operations and reputation.
Subscription Rate
Frequently Asked Questions about Marushika Technology Ltd.
Marushika Technology Limited is a distributor of Information Technology (IT) and Telecom Infrastructure products. The company provides a wide range of products and services, including setting up data center infrastructure, active networking, telecom systems, advanced surveillance systems, data protection, cybersecurity, and power management. It also offers installation and maintenance services. Additionally, Marushika Technology has expanded its offerings to include smart solutions such as access control, parking, lighting, and waste management, as well as Auto-tech solutions for the Defence sector, which involve maintenance, refurbishment, and reverse engineering of military vehicles.
The Marushika Technology Ltd. IPO is scheduled to open for subscription on Feb 12, 2026 and close on Feb 16, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Marushika Technology Ltd. IPO is ₹111 to ₹117. Investors can place bids within this range once the issue opens.
The minimum lot size for the Marushika Technology Ltd. IPO is 1200 shares. The minimum investment amount ₹1,40,400.
The total issue size of the Marushika Technology Ltd. IPO is approximately ₹26.97. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Marushika Technology Ltd. IPO has been subscribed 0.77 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Marushika Technology Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Marushika Technology Ltd. are expected to list on stock exchanges on Feb 19, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Marushika Technology Ltd. IPO are proposed to be used for Our Company intends to utilize the Net Proceeds for the following objects:, Repayment and/or pre-payment, in part or full, of certain secured and unsecured borrowings availed by the company from various banks and financial institutions, aiming to reduce outstanding indebtedness and lower interest costs., Funding the working capital requirements to support future growth, fulfill existing and upcoming orders, bid for new projects, and manage trade receivables and payables., To meet general corporate purposes, which may include strategic initiatives, strengthening the marketing network, brand-building exercises, and meeting operational exigencies.
Before applying for the Marushika Technology Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
