Marushika Technology IPO

Marushika Technology IPO is a book-building IPO of ₹26.97 crores, which is entirely a fresh issue of 0.23 crore shares. The price band for this IPO is set at ₹111 to ₹117 per share and the lot size for an application is 1,200, while the minimum amount of investment required by an individual investor (retail investor) is ₹2,80,800 (2,400 shares). The opening date of subscription for this IPO is from Feb 12, 2026, to Feb 16, 2026, on the listed platforms of the Indian stock exchange, i.e., NSE SME, with a tentative listing date fixed as Feb 19, 2026.

Company Background

Marushika Technology Ltd., incorporated in 2010, is a vast provider of IT and telecom infrastructure, specializing in data centers, cybersecurity, and smart city solutions. The company operates primarily through B2B and B2G models, serving high-profile government entities like BEL, DMRC, and the NSG. Further, the traditional IT offers specialized auto-tech refurbishments for the defense sector of India. In 2025, this company had done over 150 projects and had an ongoing order book worth ₹28.35 Cr. Marushika leverages its strong OEM (Original Equipment Manufacturer) relationships and diversified service portfolio.

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