The Marushika Technology IPO is seeing steady traction from investors. On Day 2, the issue was booked 71%, reflecting growing interest in this IT and telecom infrastructure solutions provider.
In a market where selective participation matters, the Marushika Technology IPO has managed to attract attention early. Retail investors have already responded firmly, while other segments are gradually building momentum.
Here’s a clean breakdown of what’s happening.
Market Performance: Marushika Technology IPO Subscription Update
The Marushika Technology IPO subscription status stood at 71% on Day 2.
At 15:34 IST on the second bidding day, the company received bids for:
- 10,86,000 shares
- Against 15,37,200 shares on offer
Segment-wise subscription:
- Retail Category – Subscribed 1.02 times
- NII (Non-Institutional Investors) – Subscribed 92%
- QIB (Qualified Institutional Buyers) – No bids yet
For comparison, the Marushika Technology IPO was booked 28% on Day 1. The jump from 28% to 71% shows improved participation within 24 hours.
The IPO opened on February 12 and will close on February 16
Marushika Technology IPO Price Band and Lot Size
The company has fixed the price band at ₹111 to ₹117 per equity share.
Each share carries a face value of ₹10.
Minimum investment details:
- Minimum lot size: 1,200 equity shares
- Bids can be made in multiples of 1,200 shares
This means retail investors must apply for at least 1,200 shares in the Marushika Technology IPO.
IPO Size and Fund Utilisation
The Marushika Technology IPO aims to raise ₹26.97 crore.
Key issue details:
- Total Issue Size: ₹26.97 crore
- Total Shares Offered: 23.05 lakh equity shares
- Entire issue consists of fresh shares
There is no offer-for-sale component. The proceeds from the IPO will flow straight into the company’s coffers.
Planned utilisation of IPO proceeds:
- ₹5 crore – Repayment of debt
- ₹14.68 crore – Working capital requirements
- Remaining amount – General corporate purposes
The clear allocation of funds shows a focus on strengthening the balance sheet and supporting operational needs.
Company Profile: What Marushika Technology Does?
Marushika Technology Limited is headquartered in Noida.
The company operates in the distribution of IT and telecommunications infrastructure products and solutions. Its client base includes both enterprise and government customers.
Its offerings include:
- Data center setup
- Networking solutions
- Telecom systems
- Surveillance systems
- Cybersecurity solutions
- Power management systems
Beyond product distribution, the company also provides:
- Installation services
- Maintenance services
- Technical consulting
It also delivers advanced technology solutions such as:
- Access control systems
- Smart parking systems
- Lighting systems
- Waste management services
This broad portfolio positions Marushika as a solutions-driven IT infrastructure player.
Business Model: B2B and B2G Focus
Marushika Technology mainly operates under:
- Business-to-Business (B2B)
- Business-to-Government (B2G)
Its client base includes public sector and institutional organisations.
Key government clients include:
- Bharat Electronics Limited
- Central Electronics Limited
- Delhi Metro Rail Corporation
- National Security Guard
Through these engagements, the company supports infrastructure and digital transformation projects across sectors.
Its presence in government contracts gives it exposure to institutional-scale projects.
IPO Management Details
- Lead Manager: Nexgen Financial Solution
- Registrar: Skyline Financial Services Pvt. Ltd.
- Market Maker: Nikunj Stock Brokers Ltd.
These entities are handling the public offering process for the Marushika Technology IPO.
What the Subscription Trend Indicates?
The Marushika Technology IPO saw a measured start on Day 1 with 28% booking. By Day 2, the issue moved to 71%.
Retail demand has crossed 1 time subscription. NII interest is close to full subscription. Institutional participation is awaited.
The transition from Day 1 to Day 2 suggests increased visibility and participation as the issue progresses toward closure on February 16.
Marushika Technology IPO – Quick Snapshot
IPO Open Date | February 12 |
IPO Close Date | February 16 |
Price Band | ₹111 – ₹117 |
Lot Size | 1,200 shares |
Issue Size | ₹26.97 crore |
Shares Offered | 23.05 lakh |
Subscription Day 1 | 28% |
Subscription Day 2 | 71% |
Retail Subscription | 1.02x |
NII Subscription | 92% |
QIB Subscription | Yet to receive bids |
Summary: Marushika Technology IPO Gains Steady Traction
The Marushika Technology IPO has seen gradual acceleration in demand. Subscription improved from 28% on Day 1 to 71% on Day 2. Retail investors have fully booked their portion, while NII interest is nearing full subscription.
With a total issue size of ₹26.97 crore, entirely consisting of fresh shares, the company plans to deploy the proceeds toward debt repayment, working capital, and general corporate needs.
Operating in the IT and telecom infrastructure distribution space, and working with clients like Bharat Electronics Limited and Delhi Metro Rail Corporation, Marushika Technology positions itself as a B2B and B2G service provider supporting infrastructure and digital projects.
As bidding continues until February 16, participation levels in remaining categories will determine the final subscription outcome of the Marushika Technology IPO.
Source: Livemint
Easy & quick
Leave A Comment?