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Marushika Technology Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.117.00
Issue Size:
Rs.26.97 Cr
Lot Size:
1200 shares
Open Date:
February 12
Marushika Technology Ltd. IPO Overview
Bidding Dates
February 12 - February 16
Min Investment
₹140,400
Price Range
₹117.00
Issue Size
₹26.97 Cr
IPO DRHP Doc
Not Available
Company Overview
Marushika Technology Limited distributes IT and telecom infrastructure products, offering services like data center setup, networking, telecom systems, surveillance, cybersecurity, and power management. The company operates primarily on a B2B and B2G model, serving clients such as Bharat Electronic Limited, Central Electronic Limited, Delhi Metro Rail Corporation, and National Security Guard. It has completed over 150 projects and has ongoing projects valued at Rs 2,835.42 Lakhs as of July 31, 2025.
IPO Timeline
Timeline information will be updated when available.
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 28.34% | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 21.55% | Oversubscribed |
| RII (Retail Individual Investors) | 50.12% | Oversubscribed |
| Total Subscription | Undersubscribed |
Last updated: Percentage of shares offered
Current GMP:
Rs.2
Est. Listing:
Rs.119
Est. Gain:
+1.7%
Star Rating:
★★★★★(1/5)
Financial Information
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Risks
Potential challenges and risk factors
- High dependence on government and government-backed projects for revenue.
- Revenue concentration among a limited number of customers.
- Heavy reliance on OEMs for product supply and pricing stability.
- Geographic concentration with a major share of revenue from Delhi and Uttar Pradesh.
- Working capital–intensive business model impacting cash flows.
IPO Details
IPO Reservation
Share Reservation Distribution
QIB
1,087,200 shares (47.16%)
Retail
770,400 shares (33.42%)
Anchor Investors
651,600 shares (28.27%)
QIB (Ex-Anchor)
435,600 shares (18.9%)
HNI (NII)
331,200 shares (14.37%)
bNII (>₹10L)
219,600 shares (9.53%)
Market Maker
116,400 shares (5.05%)
sNII (<₹10L)
111,600 shares (4.84%)
IPO Subscription Status
Key Dates
Open Date:February 12
Close Date:February 16
Listing Date:February 19
