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Marushika Technology IPO

Technology (IT Services) - Listed on 19 February 2026

+2.6% listing gain
Issue Price (Upper)
Rs 117
Listing Price
Rs 120
Closing Price (NSE)
Rs 114
Total Subscription
18.01x

Marushika Technology IPO listing summary

Marushika Technology (Technology (IT Services)) closed its IPO window in 2026 and listed on NSE and BSE on 19 February 2026 at an upper band issue price of Rs 117, opening at Rs 120 for a listing gain of +2.6% and closing day one at Rs 114 (-2.6% on closing basis). The IPO was subscribed 18.01x overall - QIB 2.92x, HNI/NII 41.35x, Retail 16.51x. The total issue size was Rs 26.97 Cr (Fresh Issue Rs 26.97 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+2.56%
Listing Gain (Close)
-2.56%
Day Change After Listing
-5.00%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB2.92x
HNI / NII41.35x
Retail16.51x
Overall18.01x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.27x
Day 218.01x
Day 3 (Final)18.01x

Marushika Technology IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1--
Day 2--
Day 3--
Day 4--
Day 5--

Issue & financials

Issue SizeRs 26.97 Cr
Fresh IssueRs 26.97 Cr
OFSRs 0 Cr
IPO PE11.46
Peer / Sector PE30.00
PE vs Sector Ratio0.38
Latest EBITDA (Cr)12.28
Debt / Equity1.39

Market context at listing

How the broader market moved around the Marushika Technology IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.89%
Nifty 1W Return-1.37%
Nifty 1M Return+0.88%
Nifty during IPO window-0.48%

Marushika Technology IPO - FAQs

What was the listing gain of Marushika Technology IPO?

Marushika Technology IPO listed at +2.6% versus the upper issue price of Rs 117 on 19 February 2026.

How many times was Marushika Technology IPO subscribed?

Marushika Technology IPO was subscribed 18.01x overall. QIB portion was subscribed 2.92x, HNI / NII 41.35x and Retail 16.51x.

What was the IPO GMP for Marushika Technology?

Day-by-day IPO GMP data for Marushika Technology is listed in the table above.

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