Marushika Technology shares to list today. Check GMP ahead of NSE SME debut

Marushika Technology Shares to List Today: Check GMP Ahead of NSE SME Debut

Marushika Technology is poised to make its debut on the NSE SME platform today, February 19. The company’s initial public offering (IPO) was priced at Rs 117 per share, and ahead of its listing, the grey market premium (GMP) is currently around 2%. This premium suggests a modest expected listing gain for investors.

Key Details about Marushika Technology’s IPO

– IPO Price: Rs 117 per share (upper end of the price band)
– Total Issue Size: Rs 26.97 crore
– GMP Indication: Expected listing price around Rs 119-120, subject to market volatility
– Subscription Period: February 12 to February 16
– Allotment Date: February 17

Investor Participation and Structure

Marushika’s IPO included:
– Anchor Investor Contributions: Rs 7.62 crore raised prior to the issue
– Shares Available: 23.05 lakh shares total
– Institutional Buyers: 47.16% reserved
– Non-Institutional Investors: 14.37% reserved
– Retail Investors: 33.42% reserved
– Minimum Lot Size: 1,200 shares (retail investors needed to bid for at least 2,400 shares, requiring an investment of Rs 2.80 lakh)

Company Overview and Market Position

Marushika Technology operates within the IT and telecom infrastructure sector, specializing in:
– Service Areas: Data centers, networking, cybersecurity, surveillance systems, and power management solutions
– Defence Projects: Engaging in repair, refurbishment, and reverse engineering services
– Business Models: B2B and B2G, with clients including:
– Bharat Electronics Limited (BEL)
– Central Electronics Limited (CEL)
– Delhi Metro Rail Corporation (DMRC)
– National Security Guard (NSG)

Financial Performance and Future Outlook

As of July 31, 2025, the company has ongoing projects valued at Rs 28.35 crore and has completed over 150 projects across various sectors. Financial highlights include:
– Total Income in FY25: Rs 85.63 crore (up from Rs 60.83 crore in FY24)
– Profit After Tax (PAT) in FY25: Rs 6.29 crore (compared to Rs 3.14 crore the previous year)
– First Half FY26 Revenue: Rs 48.71 crore with a PAT of Rs 3.14 crore

The proceeds from the IPO are earmarked for:
– Repayment or prepayment of borrowings amounting to Rs 5 crore
– Funding working capital requirements of Rs 14.68 crore
– General corporate purposes

In conclusion, Marushika Technology’s shares are set to debut on the NSE SME platform today, presenting an opportunity for investors to engage with a company that has shown robust growth and a promising future in the IT and telecom infrastructure sector. Keep an eye on the market as the listing unfolds.