Company Overview
Marushika Technology Ltd distributes IT and telecom infrastructure products. They deliver wide range of IT products and services like set up data centers, networking, telecom systems, surveillance, cybersecurity, and power management. They also offer installation, maintenance, and guidance and provide smart solutions such as access control, parking, lighting, and waste management.
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IPO Details
| Detail | Information |
|---|---|
| Issue Open Date | February 12, 2026 |
| Issue Close Date | February 16, 2026 |
| Listing Date | February 19, 2026 on NSE SME |
| Price Band | ₹111 to ₹117 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares (min 2 lots = 2,400 shares) |
| Minimum Amount for Retail | ₹2,80,800 (at upper price) |
| Total Size | 23,05,200 shares (₹27 Cr approx.) |
| Fresh Issue | 100% fresh issue |
| Offer For Sale | None |
| Market Maker | 1,16,400 shares (Nikunj Stock Brokers Ltd) |
Retail max 2 lots (₹2,80,800), S-NII min 3 lots, B-NII min 8 lots.
REGISTRAR: Not specified in results; check DRHP or Chittorgarh
Use of IPO Money
Company overview indicates funds for business growth (typical for SME fresh issue: working capital, expansion). Specific uses not detailed in snippets; refer to DRHP for exact allocation like machinery, working capital, or debt repayment.
Key Financials and Growth
Detailed financials not available in search snippets. Typical SME growth pattern expected; check DRHP for revenue, PAT, EBITDA, net worth, borrowings tables. Recent subscription low (0.37x as of Feb 13).
Strengths
- Diverse IT/telecom/smart solutions portfolio.
- Services include installation/maintenance for repeat business.
- Fresh issue for growth.
- NSE SME listing.
Key Concerns and Risks
- Low subscription (0.37x early).
- SME low liquidity post-listing.
- Dependency on IT sector demand.
- Competition from larger distributors.
- Short track record typical for SME.