Marushika Technology Limited is an emerging provider of excellence-driven solutions in Information Technology infrastructure, specializing in data centers and cybersecurity solutions, has announced the opening of its Initial Public Offering on February 12, 2026, with a proposed issue size of ₹26.97 Crore, and the shares are proposed to be listed on the NSE Emerge Platform.
Equity Share Allocation

• QIB - Not more than 10,87,200 Equity Shares
  
• NII - Not less than 3,31,200 Equity Shares
  
• RII - Not less than 7,70,400 Equity Shares
  
• Market Maker - 1,16,400 Equity Shares
• The net proceeds from the IPO will be utilized towards Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company, Funding Working Capital Requirements and General Corporate Purposes.
  
• The issue will open for public subscription on Thursday, February 12, 2026 and close on Monday, February 16, 2026.
  
• Nexgen Financial Solution Private Limited is acting as the Book Running Lead Manager to the issue, and Skyline Financial Services Private Limited is the Registrar to the issue.
• Fresh Issue Size - 23,05,200 Equity Shares of ₹ 10 each
• Issue Size - ₹ 26.97 Crore
  
• Issue Price - ₹ 111 - ₹ 117 Per Share
  
• Lot Size - 1,200 Equity Shares

Ms. Monicca Agarwaal, Managing Director of Marushika Technology Limited said:
"The opening of our IPO marks an important milestone in Marushika Technology Limited's growth journey. Over the last 15+ years, we have built strong capabilities across IT & telecom infrastructure, data centre solutions, cybersecurity, smart technologies, and defence auto-tech, with a primary focus on serving government, PSU, and institutional clients.
Our business has evolved alongside India's digital and infrastructure transformation, enabling us to execute complex, mission-critical projects with a strong emphasis on quality, reliability, and timely delivery. We have consistently expanded our solution portfolio, strengthened our OEM partnerships, and deepened relationships with key customers across sectors such as defence, railways, urban infrastructure, and public safety.
The proceeds from the issue will help us strengthen our balance sheet, support working capital requirements, and position the Company for the next phase of growth. With increasing digital transformation, cybersecurity needs, and government-led infrastructure initiatives, we believe Marushika is well placed to capitalize on emerging opportunities while continuing to deliver reliable and technology-driven solutions to our clients."

Mr. Sanjeev Gupta, Co-Founder & Managing Director of Nexgen Financial Solution Private Limited said,
"As we step into the IPO journey with Marushika Technology Limited, we see a company that is well positioned to benefit from India's accelerating digital transformation, increasing investments in data centres, rising cybersecurity requirements, and government-led smart infrastructure initiatives.
Marushika Technology has built a diversified business model with capabilities spanning IT & telecom infrastructure, smart solutions, and defence auto-tech, supported by strong execution capabilities and long-standing relationships with government and PSU clients.

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