Marushika Technology IPO: GMP Jumps as Allotment Status Finalized

New Delhi, February 17, 2026: The initial public offering (IPO) of Marushika Technology Limited has successfully concluded its bidding phase, and investors are now eagerly shifting their focus toward the allotment process. With the subscription window closed on February 16, 2026, the company is set to finalize the share allocation today, February 17, 2026.

Amid high anticipation, the Grey Market Premium (GMP) has shown a positive uptick, suggesting a steady debut on the stock exchanges.

Marushika Technology IPO: Subscription Highlights

The ₹26.97 crore SME IPO received a robust response from the investing community. The issue was entirely a fresh sale of 23.05 lakh equity shares, with no offer-for-sale (OFS) component.

• Overall Subscription: The issue was booked 17.94 times.
• Retail Category: Subscribed 16.51 times, showing strong interest from individual investors.
• Non-Institutional Investors (NII): Led the pack with a subscription of 41.00 times.
• Qualified Institutional Buyers (QIB): Booked 2.92 times.

The price band for the IPO was fixed at ₹111 to ₹117 per share, with a minimum lot size of 1,200 shares.

GMP Jumps: What It Means for Investors

The Grey Market Premium (GMP) for Marushika Technology has recently moved from a flat start to approximately ₹2 per share. While this represents a modest premium of around 1.71%, it indicates that the shares are trading in the unofficial market at an estimated price of ₹119.

Investors should note that while GMP provides a glimpse into market sentiment, it is not an official indicator of the listing price, which will be determined by demand-supply dynamics on the listing day.

How to Check Marushika Technology IPO Allotment Status

Investors who applied for the IPO can check their allotment status online through the official registrar or the NSE website. The registrar for this issue is Skyline Financial Services Private Ltd.

Option 1: Via the Registrar’s Website (Skyline Financial)

1. Visit the Skyline Financial Services IPO Status page.
2. Select “Marushika Technology” from the drop-down list of companies.
3. Enter your PAN Number, Application Number, or DP/Client ID.
4. Click on the “Search” or “Submit” button to view your status.

Option 2: Via the NSE Website

1. Go to the NSE IPO Allotment Status page.
2. Select “Equity” under the Issue Type.
3. Choose “Marushika” from the Issue Name dropdown.
4. Enter your Application Number and PAN.
5. Click “Submit”.

Key Dates to Remember

For those who have applied, here is the timeline for the upcoming events:

• Allotment Finalization: February 17, 2026
• Initiation of Refunds: February 18, 2026
• Credit of Shares to Demat: February 18, 2026
• Listing Date (NSE SME): February 19, 2026

About Marushika Technology Limited

Established in 2010, Marushika Technology is a prominent distributor and service provider of IT and telecom infrastructure products. The company operates primarily in the B2B and B2G (Government) sectors, serving prestigious clients like the Delhi Metro Rail Corporation (DMRC) and the National Security Guard (NSG).

The funds raised through this IPO are earmarked for the repayment of existing debt, meeting working capital requirements, and supporting general corporate purposes. With a focus on high-growth segments like Auto-Tech for Defense and smart infrastructure, the company aims to leverage its public listing to scale its operations further.