Marushika Technology IPO is a book-built issue IPO, aiming to raise ₹26.97 crore. It comprises a fresh issue of 23.05 lakh equity shares aggregating to ₹26.97 crore. The bidding window was open from February 12, 2026, to February 16, 2026, with the IPO allotment to be finalised on February 17, 2026. Marushika Technology is scheduled to list on NSE SME on February 19, 2026.
The IPO was priced at ₹111–₹117 per share with a lot size of 1,200 shares. The public issue received bids for 2,75,71,200 shares against 15,37,200 shares available, resulting in an overall subscription of 17.94 times. NIIs led the response, subscribing 41.00 times their quota, followed by retail investors at 16.51 times.
Marushika Technology's ₹26.97 crore IPO, priced at ₹111–₹117 per share, was subscribed 17.94 times overall. The IPO is a fresh issue of 23.05 lakh equity shares aggregating to ₹26.97 crore.
Bidding took place from February 12 to February 16, 2026, with the Marushika Technology IPO allotment status on February 17, 2026. Retail investors subscribed 16.51 times and NIIs 41.00 times and listing is expected on February 19, 2026.
The table below breaks down the Marushika Technology share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,16,400 (5.05%) |
| QIB Shares Offered | 10,87,200 (47.16%) |
| − Anchor Investor Shares Offered | 6,51,600 (28.27%) |
| − QIB (Ex. Anchor) Shares Offered | 4,35,600 (18.90%) |
| NII (HNI) Shares Offered | 3,31,200 (14.37%) |
| − bNII > ₹10L | 2,19,600 (9.53%) |
| − sNII < ₹10L | 1,11,600 (4.84%) |
| Retail Shares Offered | 7,70,400 (33.42%) |
| Total Shares Offered | 23,05,200 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 2.92 |
| Non-Institutional Investors (NII) | 41 |
| Retail Individual Investors (RII) | 16.51 |
| Total | 17.94 |
Note: The subscription details are as of February 16, 2026
Marushika Technology Limited is engaged in the distribution of IT and telecom infrastructure products. The company delivers a wide range of IT products and services, including data centre IT infrastructure, server and internet protocol solutions, videowall display solutions, power solutions, and active networking systems. It also provides installation, maintenance, and guidance services along with smart solutions such as access control, parking, lighting, and waste management systems.
The company operates primarily under a Business to Business (B2B) and Business to Government (B2G) model, offering services to government sector organisations such as Bharat Electronics Limited, Central Electronics Limited, Delhi Metro Rail Corporation, and the National Security Guard.
Marushika Technology also operates in the Auto-Tech Solutions for Defence segment, providing repairs and refurbishments, reverse engineering, and control panel solutions. Over the years, the company has completed more than 150 projects across its operational verticals.
As of July 31, 2025, the company had ongoing projects worth ₹2,835.42 lakh. Its competitive strengths include diversified IT solutions, established relationships with Original Equipment Manufacturers, an experienced management team, and a demonstrated track record of financial performance.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 16, 2026, 6:27 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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