Marushika Technology Limited IPO
ListedSME
17.94×
Subscribed
Price band
₹111 – ₹117
Open – close
12 Feb 2026
to 16 Feb 2026
Listing
19 Feb 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. No offer document for this issue has been published yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens12 Feb 2026
- Closes16 Feb 2026
- Listing19 Feb 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB2.92x
Non-institutionalNII / HNI41.00x
Big NIIabove ₹10L50.69x
Small NII₹2L – ₹10L21.92x
Retail individualRII16.51x
7,152 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 16 Feb 2026.
Chance of allotment
Retail16.51× subscribed
~1 in 16.5
Retail is 16.51× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 16.5 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII41.00× subscribed
~1 in 41
HNI is 41× subscribed. This category is allotted proportionately, so a bid receives roughly 1/41 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹111 – ₹117
Listing atSME platform
Company & valuation
ISININE0X7G01013
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+0.0%
Listed up
3 of 8
Best
+90.0%
SpectraA Technology
Worst
-1.0%
Injecto Polymers
SpectraA Technologysame segment
304.1× sub+90.0%
Kheria Autocompsame segment
2.5× sub+3.9%
Shakti Polytarpsame segment
11.9× sub-0.2%
Vama Wovenfabsame segment
2.5× sub+0.0%
Century Businesssame segment
57.9× sub+0.0%
Injecto Polymerssame segment
1.2× sub-1.0%
Om Galaxysame segment
2.1× sub+0.2%
Raksan Transformerssame segment
47.4× sub+0.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Common questions
How many times is the Marushika Technology Limited IPO subscribed?
Marushika Technology Limited is subscribed 17.94× overall (QIB 2.92×, NII 41.00×, retail 16.51×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Marushika Technology Limited IPO?
The retail portion is subscribed 16.51×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 17. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.