NSE List Price : ₹120.00

subscription

Category	Times
QIBs	2.92x
HNIs	41.35x
Retail	16.51x
Total : 18.01x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹280,800
Retail Maximum	2	2,400	₹280,800
S-HNI Minimum	3	3,600	₹421,200
S-HNI Maximum	7	8,400	₹982,800
B-HNI Minimum	8	9,600	₹1,123,200

About the Company

Marushika Technology Limited, established on July 03, 2010, is a fast-growing company engaged in providing IT and telecom infrastructure solutions. The company offers a comprehensive portfolio of products and services, including data center implementation, networking solutions, telecom systems, surveillance, cybersecurity, and power management.

Marushika handles the entire service lifecycle, covering installation, maintenance, and technical advisory support. In addition, the company delivers auto-tech solutions for the Defence sector, offering services such as maintenance, refurbishment, and reverse engineering of military vehicles.

The company operates primarily on a B2B and B2G business model and serves several prominent government organizations, including Bharat Electronics Limited (BEL), Central Electronics Limited (CEL), Delhi Metro Rail Corporation (DMRC), and the National Security Guard (NSG).

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹60.83	₹56.77	₹3.14	₹48.37
2025	₹85.63	₹77.17	₹6.29	₹53.94
Sep 2025	₹48.71	₹44.54	₹3.14	₹62.68

Company Promoter

Ms. Monicca Agarwaal

Mr. Jai Prakash Pandey

Ms. Sonika Aggarwal

Know before investing

• • Strengths

  Robust OEM Partnerships: Authorized reseller alliances with reputed OEMs allow the company to provide advanced, reliable, and secure IT solutions.

  Seasoned Management Team: The promoters possess extensive experience across IT, telecom infrastructure, and finance, supporting effective leadership and operational execution.

• • Risks

  Client Concentration Risk: Reliance on few clients may cause revenue volatility if key customers reduce or stop orders.

  Order Book Risk: Orders may be delayed, changed, or cancelled, creating uncertainty in future revenues.

Objects of the Issue & Utilisation of proceeds

Repayment and/ or pre-payment, in part or full, of certain borrowings availed by our Company.

Funding of working capital requirement.

General Corporate Purpose.

Company  Address

Marushika Technology Ltd.
Shop No. 5 Acharya Niketan,
Mayur Vihar,
East Delhi, New Delhi, 110091
Phone: 0120-4290383
Email: Info@marushika.in
Website: http://www.marushika.in/

IPO Registrar

Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

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