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Marushika Technology (NSE SME) Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹120.00 | +₹3.00 | +2.56% |
Marushika Technology (NSE SME) Subscription
Last updated on 16-Feb-2026 17:00:12
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 435600 | 1273200 | 2.92 |
| HNIs | 331200 | 13578000 | 41 |
| bHNI | 219600 | 11131200 | 50.69 |
| sHNI | 111600 | 2446800 | 21.92 |
| Individual | 770400 | 12720000 | 16.51 |
| Total | 1537200 | 27571200 | 17.94 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 61 | 1170 | 19.18 |
| HNIs (3-10L) | 31 | 672 | 21.68 |
| Individual | 321 | 5300 | 16.51 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 5.1 | 14.9 | 2.92 |
| FII | - | 0 | - |
| FI | - | 0.11 | - |
| IC | - | 0 | - |
| MF | - | 0 | - |
| OTH | - | 14.78 | - |
| HNIs | 3.88 | 157.5 | 40.64 |
| bHNI | 2.57 | 130.24 | 50.69 |
| sHNI | 1.31 | 28.63 | 21.92 |
| Individual | 9.01 | 148.82 | 16.51 |
| Total | 17.99 | 321.22 | 17.86 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.5 | @8% ₹0.5 | @9% ₹0.6 | @10% ₹0.7 | @11% ₹0.7 | @12% ₹0.8 |
Marushika Technology (NSE SME) Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| bHNI | 8 | 9600 | 1123200 | 61 |
Marushika Technology (NSE SME) Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 651600 | 28.27% |
| QIB | 435600 | 18.9% |
| HNI | 331200 | 14.37% |
| INDIVIDUAL | 770400 | 33.42% |
| Market Maker | 116400 | 5.05% |
| Total | 2305200 | 100% |
Marushika Technology (NSE SME) About
IPO Details
| Total Issue Size | 23,05,200 shares (aggregating up to ₹26.97 Cr) |
| Fresh Issue | 23,05,200 shares (aggregating up to ₹26.97 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 62,31,568 shares |
| Share Holding Post Issue | 85,36,768 shares |
| Reserved for Market Maker | 1,16,400 shares (aggregating up to ₹1.36 Cr) |
| Market Maker | Nikunj Stock Brokers Ltd. |
Key Performance Indicators (KPI)
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROE | 18.52% | 52.77% | 25.63% | 11.16% |
| ROCE | 13.89% | 26.88% | 18.63% | 9.92% |
| EPS (BASIC) | 5.04 | 10.21 | 5.50 | 0.74 |
| P/E Pre IPO | 11.60 | |||
| P/E Post IPO | 15.91 |
Company Financial (In ₹Crore)
| Period Ended | Sep-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| 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 |
Peer Comparison (Valuation)
| Company Name | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Marushika Technology Ltd. | 11.60 | 117.00 | 10.00 |
| Vertexplus Technolgies Ltd. | -24.59 | 91.00 | 10.00 |
| Synoptics Technologies Ltd. | 12.47 | 50.00 | 10.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Marushika Technology Ltd. | 29.71 | 18.52 | 5.04 |
| Vertexplus Technolgies Ltd. | 40.21 | 8.8 | -3.7 |
| Synoptics Technologies Ltd. | 86.38 | 4.76 | 4.01 |
About Company
Marushika Technology Limited is engaged in the distribution and implementation of IT and telecom infrastructure products. The Company provides an integrated range of IT products and value-added services, including data center setup, networking solutions, telecom systems, surveillance, cybersecurity, and power management solutions. It also offers installation, maintenance, technical support, and advisory services.
In addition, the Company delivers smart technology solutions such as access control systems, smart parking, intelligent lighting, and waste management solutions.
Business Verticals
IT & Telecom Infrastructure Solutions
Includes data center IT infrastructure, servers and IP systems, videowall display solutions, power solutions, and active networking services.
Auto-Tech Solutions for Defence
Covers repair and refurbishment services, reverse engineering, and control panel solutions for defence applications.
Smart Solutions
Provides integrated smart infrastructure solutions for security, mobility, and urban management.
Business Model & Key Clients
The Company operates primarily under Business-to-Business (B2B) and Business-to-Government (B2G) models. It caters to government and public sector clients such as Bharat Electronics Limited (BEL), Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), and the National Security Guard (NSG).
Strength
Strong OEM Relationships: Authorized reseller partnerships with leading OEMs enable delivery of advanced and secure IT solutions.
Experienced Management Team: Promoters bring decades of experience in IT, telecom infrastructure, and finance, ensuring strong execution.
Diversified Solution Portfolio: Wide range of IT, smart, and defence technology solutions serving multiple industries.
Weakness
High Dependence on Government Projects: A significant portion of revenue comes from government and PSU tenders; any adverse policy changes or contract renegotiations may impact performance.
Customer Concentration Risk: Dependence on a limited number of clients exposes the company to revenue volatility if key clients are lost or reduce orders.
Order Book Uncertainty: Contracts in the order book may be modified, delayed, or cancelled at clients’ discretion, making future revenues uncertain.
Marushika Technology (NSE SME) Latest Announcements
| Date | Subject | Attachment Text |
|---|
Marushika Technology (NSE SME) Financial Results
Marushika Technology (NSE SME) Lead Manager(s)
Marushika Technology (NSE SME) Address
Shop No. 5 Acharya Niketan,
Mayur Vihar,
East Delhi, New Delhi, 110091
Phone: 0120-4290383
E-Mail: Info@marushika.in
Website: http://www.marushika.in/