Marushika Technology IPO
The Marushika Technology IPO was a ₹26.97 crore SME issue (fresh issue only), open for bidding from 12 Feb to 16 February 2026 at a price band of ₹111 to ₹117. The final issue price was ₹117. Investors bid for 2,76,87,600 shares through 7,152 applications. Shares listed on NSE SME on 19 February 2026 at ₹120.00, 2.6% above the issue price, and closed the first day at ₹114.00.
- Listing gain at open
- +2.6%₹120.00 vs ₹117
- Issue price
- ₹117Band ₹111 to ₹117
- Lot size
- 1,200 sharesMinimum ₹2,80,800
- Issue size
- ₹26.97 crore
- Subscribed
- Not available
- Listed
- 19 Feb 2026NSE SME
Price and lots
Marushika Technology IPO details
NSE issue details| Bidding dates | 12 Feb 2026 to 16 Feb 2026 |
| Listing date | 19 February 2026 |
| Price band | ₹111 to ₹117 |
| Final issue price | ₹117 |
| Face value | ₹10 per share |
| Lot size | 1,200 shares, minimum 2 lots for individuals |
| Minimum investment | ₹2,80,800 (2,400 shares, our calculation) |
| Issue size | ₹26.97 crore (our calculation from the NSE issue details) |
| Type of issue | 100 % Book Building, Fresh issue only |
| Listed on | NSE SME |
| NSE symbol | MARUSHIKA |
| ISIN | INE0X7G01013 |
| Lead managers | NEXGEN Financial Solutions Private Limited |
| Registrar | Skyline Financial Services Private Limited |
Subscription and listing
Marushika Technology IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details| Category | Shares bid | Applications |
|---|---|---|
| QIBs | 12,73,200 | 10 |
| Non-institutional | 1,36,94,400 | 1,842 |
| Individual investors | 1,27,20,000 | 5,300 |
| Total | 2,76,87,600 | 7,152 |
For this SME issue NSE publishes shares bid and applications by category, not times subscribed.
Listing day
Our calculation: gains vs issue price| NSE | |
|---|---|
| Open | ₹120.00 |
| High | ₹123.00 |
| Low | ₹114.00 |
| Close | ₹114.00 |
| Gain at open | +2.6% |
| Gain at close | −2.6% |
| Shares traded | 10,10,400 |
Latest: closed at ₹123.10 on NSE on 6 November 2026, +5.2% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Marushika Technology IPO compares
Our calculation: 2026 SME IPOs on IPO24by7Among 78 SME IPOs of 2026 on our tracker, its listing gain of 2.6% at open ranks 33rd of 75. By issue size it ranks 67th. The median listing-day gain at open for SME IPOs this year is +1.0%. See all 2026 IPOs with listing gains or the IPO calendar for February 2026.
Other SME IPOs listed in February 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| Manilam Industries India | 27 Feb 2026 | ₹69 | - | −20.0% |
| Biopol Chemicals | 13 Feb 2026 | ₹108 | - | +2.8% |
| Brandman Retail | 11 Feb 2026 | ₹176 | - | +4.0% |
| Grover Jewells | 11 Feb 2026 | ₹88 | - | +9.1% |
| C K K Retail Mart | 6 Feb 2026 | ₹163 | - | 0.0% |
Allotment
Marushika Technology IPO allotment status
- Open the registrar's pageSkyline Financial Services Private Limited is the registrar. Open its allotment page.
- Select Marushika Technology LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Marushika Technology IPO FAQs
What was the Marushika Technology IPO price band?
The price band was ₹111 to ₹117 per share and the final issue price was ₹117. The face value is ₹10 per share.
What was the Marushika Technology IPO lot size?
One lot was 1,200 shares. Individual investors had to apply for at least 2 lots, so the minimum was ₹2,80,800.
What was the Marushika Technology IPO listing price?
It opened at ₹120.00 on NSE SME on 19 February 2026, a gain of 2.6% over the issue price of ₹117 (our calculation). It closed the day at ₹114.00.
How do I check Marushika Technology IPO allotment status?
Skyline Financial Services Private Limited is the registrar. Select Marushika Technology Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Marushika Technology IPO a fresh issue or an offer for sale?
Fresh issue only, as stated in the NSE issue details.
Who were the lead managers of the Marushika Technology IPO?
NEXGEN Financial Solutions Private Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.