One of the notable SME offerings in the Indian primary market in early 2026 is the Marushika Technology IPO. With its SME listing and small issue size, this IPO offers investors looking to gain exposure to a technology-related company with room to grow an easy way to get started.

Marushika Technology Company Overview

Founded in 2010, Marushika Technology Limited mainly works in the telecom and IT infrastructure sector. The business provides a wide range of goods and services, such as:

• Hardware for telecom and IT infrastructure

• Solutions for data centers

• Equipment for networking

• Systems of active communication

• Systems for electronic surveillance

• Intelligent solutions for government and business use

Marushika Technology serves both business clients and government organisations, with projects delivered across sectors requiring advanced technology integrations. The firm has gradually expanded its footprint and completed numerous infrastructure projects over the years.

IPO Details

Here’s a quick look at the key IPO parameters:

Investors applying should be prepared to block funds based on the minimum lot requirement, with the total application amount varying as per the number of lots applied.

Issue Structure & Allocation

The IPO for Marushika Technologies is set up to accept a wide range of investors:

• Qualified Institutional Buyers (QIBs) will receive 50% of the total.

• 15% goes to HNIs, or non-institutional investors.

• 35% to Individual Retail Investors

The issue is appropriate for a variety of investor types, ranging from smaller retail participants to larger institutional commitments, thanks to this allocation mix.

Financial Snapshot (Pre-IPO)

The company has demonstrated consistent revenue growth and increasing profitability in recent years, even though the precise audited figures may differ slightly with annual updates. During the fiscal year preceding the initial public offering:

• Revenue has increased annually.

• As a result of operational scaling, profit after taxes has increased.

• Return ratios and earnings per share show growing equity returns.

This performance and the company's emphasis on technology contribute to its appeal to possible investors.

How to Apply

Investors can apply for the IPO through multiple channels:

• ASBA via Net Banking: Blocked amount through your bank account.

• UPI-based Application: Supported through many broker platforms.

• Broker Trading App: Many broking platforms allow direct bidding within the IPO module.

Ensure that your Demat account and bank account are linked and active before applying.

Reasons to Consider the IPO

1. Exposure to the SME tech sector: This could be attractive to investors looking to get a head start in smaller tech companies.

2. Small issue size: It is accessible due to the comparatively lower capital needed in comparison to major IPOs.

3. Diversified clientele: Revenue stability is added by catering to both business and government segments.

4. Growth trajectory: Long-term growth narratives are supported by consistent financial improvements.

Risks to Keep in Mind

• SME IPOs can be more volatile compared to mainboard listings.

• Limited historical trading data means pricing on listing could fluctuate.

• Sector competition and technology adoption cycles can affect performance.

Investors should align their risk tolerance and investment horizon before applying.

Conclusion

The Marushika Technology IPO represents an opportunity to participate in an SME offering focused on IT infrastructure and technological solutions. With a clear listing timeline, a reasonable price range, and a balanced share allocation, it offers both retail and institutional investors a chance to share in the company’s future growth. As with all IPOs, careful research and assessment of your financial goals are crucial before applying.

Open Demat Account and Begin Your Investment Journey!

Open Demat Account and Begin Your Investment Journey!

Open Demat Account and Begin Your Investment Journey!