Marushika Technology Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,087,200 (47%) | — | ₹1,272 Cr |
| NII (HNI) | — | 331,200 (14%) | — | ₹388 Cr |
| Retail | — | 770,400 (33%) | — | ₹901 Cr |
| Market Maker | — | 116,400 (5%) | — | ₹14 Cr |
| Σ Total | — | 2,305,200 (100%) | — | ₹26,971 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹140,400 |
| Retail (Max) | 13 | 15,600 | ₹1,825,200 |
| S-HNI (Min) | 14 | 16,800 | ₹1,965,600 |
| B-HNI (Min) | 67 | 80,400 | ₹9,406,800 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 49 | 86 | 61 |
| EBITDA | 6 | 10 | 6 |
| Profit After Tax | 3 | 6 | 3 |
| Net Worth | 19 | 15 | 8 |
| Total Assets | 63 | 54 | 48 |
| Reserves & Surplus | 12 | 9 | 8 |
| Total Borrowing | 19 | 21 | 20 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment and/ or pre-payment, in part or full, of certain borrowings availed by our Company – 5.00
- Funding of working capital requirement – 14.68
- General Corporate Purposes –
Company Overview
Marushika Technology Limited distributes IT and telecom infrastructure products. The company delivers wide range of IT products and services like set up data centers, networking, telecom systems, surveillance, cybersecurity, and power management. It also offers installation, maintenance, and guidance and provide smart solutions such as access control, parking, lighting, and waste management.
Business Verticals
- IT & Telecom Infra Solutions: Data Center IT Infrastructure, Server & Internet Protocol, Videowall Display Solutions, Powers Solutions, Active Networking, etc.
- Auto-Tech Solutions for Defence: Repairs and refurbishments, Reverse Engineering, Control Panel, etc.
- Smart Solutions
The company primarily follows Business to Business (B2B) business model and Business to Government (B2G) model, where services are offered to Government sector like Bharat Electronic Limited (BEL), Central Electronic Limited (CEL), Delhi Metro Rail Corporation (DMRC) and National Security Guard (NSG).
Over the years, the company has completed more than 150 projects and as on july 31, 2025, it has ongoing projects worth Rs 2,835.42 Lakhs.
Competitive Strengths
- Wide range and diversified IT solutions and offerings
- Established strong relationship with Original Equipment Manufacturer (OEMs)
- Experienced and Qualified management team
- Presence in multiple industry verticals with long-standing customer relationship
- Demonstrated track record of financial performance