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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹26.97 Cr |
| Reserved for Market Maker | ₹1.36 Cr |
| Net Issue Size | ₹26.97 Cr |
| Fresh Issue | ₹25.61 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹111.00-117.00 per share |
| NSE Code | MARUSHIKA |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | NEXGEN Financial Solutions Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
Marushika Technology Limited is engaged in the distribution and implementation of IT and telecom infrastructure products. The company offers a broad portfolio of IT solutions and services, including data center setup, networking, telecom systems, surveillance solutions, cybersecurity, and power management. In addition to supply and installation, it provides maintenance, consultancy, and smart technology solutions such as access control systems, smart parking, intelligent lighting, and waste management solutions.
Business Verticals
Marushika Technology Limited primarily operates under Business-to-Business (B2B) and Business-to-Government (B2G) models. The company serves several government and public sector organizations, including Bharat Electronics Limited (BEL), Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), and the National Security Guard (NSG).
Over the years, the company has successfully executed more than 150 projects. As of July 31, 2025, it had ongoing projects valued at approximately ₹2,835.42 lakhs.
Competitive Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in part or full, of certain borrowings availed by Company | 5.00 |
| 2 | Funding of Working Capital Requirement | 14.68 |
| 3 | General Corporate Purposes | 3.29 |
| 4 | Issue Expenses | 4.00 |
| Total | 26.97 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 62.68 | 53.94 | 48.37 |
| Total Income | 48.71 | 85.63 | 60.83 |
| Profit After Tax | 3.14 | 6.29 | 3.14 |
| EBITDA | 5.64 | 10.47 | 5.67 |
| NET Worth | 18.51 | 15.37 | 8.45 |
| Reserves and Surplus | 12.28 | 9.14 | 7.58 |
| Total Borrowing | 18.92 | 21.37 | 19.64 |
| Amount in ₹ Crore | |||
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 18.52% | 52.77% |
| ROCE | 13.89% | 26.88% |
| Debt / Equity | 1.02% | 1.39% |
| RoNW | 18.52% | 52.77% |
| PAT Margin | 6.45% | 7.37% |
| EBITDA Margin | 11.59% | 12.28% |
| Price to Book Value | 3.94 | 4.74 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.09 | 7.35 |
| P/E (x) | 11.6 | 15.91 |
| Promoter Holding | 79.71% | 58.19% |
| Market Cap | ₹99.88 Cr. | |
