Marushika Technology Limited
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Marushika Technology Limited's successfully transitioned to public market status with its listing on NSE on Feb 19, 2026. The IPO mobilized 23,05,200 Shares in cumulative capital, including 23,05,200 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹111 to ₹117, with minimum investment lots of 1200 shares. subscription activity between Feb 12, 2026 and Feb 16, 2026 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Feb 17, 2026, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Marushika Technology Limited is engaged in the distribution of IT and telecom infrastructure products, offering end-to-end solutions including data centers, networking, telecom systems, surveillance, cybersecurity, power management, and smart solutions such as access control, parking, lighting, and waste management, along with installation and maintenance services. The company operates across IT & telecom infrastructure, auto-tech solutions for defence, and smart infrastructure verticals, and primarily follows a B2B and B2G model, serving government and PSU clients such as BEL, CEL, DMRC, and NSG. It has completed over 150 projects to date, and as of July 31, 2025, had an ongoing project order book of ₹2,835.42 lakh.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong OEM Relationships: Authorized reseller ties with leading OEMs enable delivery of advanced and secure IT solutions.
- Experienced Management Team: Promoters with decades of experience in IT, telecom infrastructure, and finance ensure strong execution.
- Diversified Solution Portfolio: Offers a wide range of IT, smart, and defence technology solutions across industries.
- Dependence on Government Projects: Heavy reliance on government and PSU tenders makes revenue sensitive to policy changes.
- Customer Concentration Risk: Dependence on a few key clients may lead to revenue volatility.
- Order Book Uncertainty: Orders may be delayed, modified, or cancelled, affecting revenue visibility.
- Ms. Monicca Agarwaal
- Mr. Jai Prakash Pandey
- Ms. Sonika Aggarwal
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