ListedSMEIT - SoftwareMARUSHIKA

Marushika Technology IPO

Marushika Technology IPO is an SME IPO raising ₹27 Cr at ₹111 – ₹117 a share. It listed on 19 Feb 2026 at ₹120, +2.6% against its issue price of ₹117, and trades at ₹120 today (+2.6% since issue). It was subscribed 18× in total.

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₹117

Issue price

₹120

Price now

+2.6%

Since issue price

19 Feb 2026

Listed on

18×Subscribed (final) · all exchanges

17.9 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹111 – ₹117

Cut-off price₹117

Issue size₹27 Cr

Shares per lot1200

Minimum application₹1,40,400

Minimum quantity2400

Face value₹10

Listing exchangesNSE

ISININE0X7G01013

Bidding hours10:00 – 17:00 IST

Bidding window12 Feb 2026 – 16 Feb 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.