Marushika Technology, a distributor of IT and telecom services, declared it is open for public subscription on Thursday, February 12, 2026.
The technology master is engaged in the distribution of Information Technology and Telecom Infrastructure Product. The spotlight in the Indian primary market again shifts to Marushika Technology IPO February 12, 2026 opening today to raise funds of ₹27 crore approximately.
Though the SME index view is volatile, some rewards can still be observed. This is why investors are pondering the big question, “Is Marushika Technology worth the risk, or should you wait for the dip?
What does Marushika Technology Do: Company Overview?
Before putting your money on the table, it is important to understand the company. Marushika Technology operates in the IT and Technology service sector.
1. Core Business:
Marushika Technology is engaged in the distribution of information technology and telecom infrastructure products.
2. Client Base:
The company focuses on B2B and B2G (Business to Government) models, thereby serving different client bases to include PSUs, government bodies, and corporate enterprises. Some of their clients include Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), etc.
3. USP:
The company stands out from hundreds of other IT SMEs. The company claims a competitive advantage through proprietary services, a strong regional presence, and a low-cost delivery model.
Important Marushika Technology IPO Details
Here are the quick details of Marushika Technologies:
Feature | Details |
IPO Opening Date | 12th February 2026, Thursday |
IPO Closing Date | 16th February 2026 |
Price Band | ₹111–₹117 |
Lot Size | 1200 shares |
Minimum Investment | ₹ 280,800 (2 lots) |
Listing at | NSE SME |
Face Value | ₹ 10 |
Financial Health Report of Marushika Technology
Marushika Technology is launching an IPO. The company is active in data centres and cybersecurity. These are the financials to observe:
1. Revenue Growth:
Marushika Technology has shown robust growth of revenue, rising to ₹85.25 crores in FY 25 from ₹60.66 crore in FY 24.

Source:MoneyControl
2. Profit After Tax (PAT):
The company reported a higher Profit After Tax (PAT), which doubled to ₹6.29 crores in FY 25 from ₹3.14 crores in FY 24.

Source:MoneyControl
3. Total Assets:
The company reports the total assets of ₹53.93 crore in FY 25 against ₹48.37 crore in FY 24.
4. Earning Per Share:
Marushika Technology's standalone earnings per share for 2025 is 9.70 which is way higher than 4.36 in 2024.
Key Factors to Watch in Marushika Technology
Understanding Marushika Technology for its strengths, weaknesses, and opportunities:
1. Strengths:
High-quality services across the industry and domain.
Stick to updated technology solutions like AI.
Have built a strong brand because of high customer deliverables.
There are low infrastructure overheads, which is why the IPO share pricing is low.
2. Weakness
Working capital requirements are quite high.
Business diversification becomes the basic need for the company to grow.
Significant dependence on the IT telecom infrastructure department.
3. Opportunities
High growth potential because of the rise in cybersecurity digital solutions.
Increase in Small and Medium Enterprises for the adoption of the digital solutions
The government focuses on digital and smart solutions.
4. Threats
Growing competition from the local players.
Change the government policies that can swipe away the complete market operations.
Sudden rise in the cybersecurity threats.
Conclusion
The IPO objective of Marushika Technology is to repay certain company borrowings, to cater to general corporate purposes, and to fund working capital requirements. Let us wait to check the GMP and subscription.
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FAQ
What is the issue size of the Marushika Technology Ltd IPO?
The minimum size of Marushika Technology Ltd's IPO is ₹26.97 crores.
What does it mean by “pre-apply” Marushika Technology Ltd?
It implies that you can apply 2 days before the subscription period starts.
What is the closing date of the Marushika Technology Ltd IPO?
The closing date of Marushika Technology IPO is February 16, 2026
What is the allotment date of the Marushika Technology Ltd IPO?
The allotment date of Marushika Technology Ltd IPO is February 17, 2026.

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