How to Check Marushika Technology IPO Allotment Status

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 include 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.), and 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. As of September 30, 2025, Marushika Technology had total assets of ₹62.68 crore.

The Marushika Technology IPO came with a total issue size of ₹26.97 crore, comprising entirely a fresh issue of ₹26.97 crore. The IPO opened on February 12, 2026, and closed on February 16, 2026. The allotment is expected on Tuesday, February 17, 2026. The share price band was set at ₹111 to ₹117 per share.

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Steps to Check Marushika Technology IPO Allotment Status on Registrar Site

• Visit the Skyline Financial Services Pvt. Ltd.
• Select "Marushika Technology" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Marushika Technology IPO Allotment Status on BSE

• Navigate to the NSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Marushika Technology" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Marushika Technology IPO received solid investor interest, being subscribed 17.93 times overall. Here is the category-wise breakdown as of 5:00:01 PM on February 16, 2026:

Marushika Technology IPO Subscription Status

QIB Category (Ex Anchor): 2.92 times
Non-Institutional Investors (NII): 41.00 times
Retail Investors: 16.51 times

Marushika Technology IPO Share Price and Investment Details

The minimum investment required was ₹2,80,800 for 2 lots (2,400 shares). The issue raised ₹7.62 crore from anchor investors. Given the solid subscription of 17.93 times with modest institutional interest at 2.92 times, strong NII participation at 41.00 times, and solid retail subscription at 16.51 times, the share price is expected to list with premium.

Utilisation of IPO Proceeds

The proceeds will be utilized for repayment and/ or pre-payment, in part or full, of certain borrowings availed by the Company (₹5.00 crore), funding of working capital requirement (₹14.68 crore), and general corporate purposes.

Business Overview

Marushika Technology Limited is engaged in the business of distribution of IT and Telecom Infra products and related services. It posted growth in its top and bottom lines for the reported periods.

The company demonstrated financial performance with growth in revenue and profitability over the reported periods. It maintains financial metrics with a 52.77% ROE and a debt-equity ratio of 1.39.

The company benefits from 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, and demonstrated track record of financial performance. However, investors should note the post-issue P/E ratio of 15.91 and Price to Book Value of 4.74.