Technology (IT Services) - Listed on 19 February 2026
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.
Technology (IT Services)
Marushika Technology operates in the Technology (IT Services) space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Marushika Technology issue was offered at an upper price of Rs 117 and raised approximately Rs 26.97 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
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.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | - |
| Day 2 | - | - |
| Day 3 | - | - |
| Day 4 | - | - |
| Day 5 | - | - |
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.
Marushika Technology IPO listed at +2.6% versus the upper issue price of Rs 117 on 19 February 2026.
Marushika Technology IPO was subscribed 18.01x overall. QIB portion was subscribed 2.92x, HNI / NII 41.35x and Retail 16.51x.
Day-by-day IPO GMP data for Marushika Technology is listed in the table above.