Marushika Technology IPO Subscribed 17.94 times on Day 3

Marushika Technology IPO witnessed strong demand on its final day of bidding, with the issue being subscribed 17.94 times as of 16 February 2026. The NII segment led the response with 41.00x subscription, followed by Retail investors at 16.51x and QIB (Ex-Anchor) at 2.92x.

The bookbuilding issue, aggregating up to ₹26.97 crore, is priced in the range of ₹111 to ₹117 per share and is slated for listing on the NSE SME platform.

Category-wise IPO Subscription Status Day 3

• QIB (Ex-Anchor): 2.92x
• NII: 41.00x
• bNII (> ₹10 lakh): 50.69x
• sNII (< ₹10 lakh): 21.92x
• Individual Investors (Retail): 16.51x
• Total: 17.94x

In terms of applications, the issue received 7,152 total applications on 16 February 2026.

Previous Day’s Subscription Summary

On Day 1 (12 February 2026), the issue was subscribed 0.28 times. Retail was at 0.51x, NII at 0.09x and QIB (Ex-Anchor) at 0.00x.

On Day 2 (13 February 2026), the overall subscription stood at 0.77 times. Retail was at 1.13x, NII at 0.95x and QIB (Ex-Anchor) remained at 0.00x.

Compared with Day 2, total subscription increased to 17.94 times on Day 3. All investor categories recorded higher subscription levels than the previous day.

Brief Overview of the Marushika Technology IPO

The total issue size is 23,05,200 shares aggregating up to ₹26.97 crore. The IPO is entirely a fresh issue.

The price band is set at ₹111 to ₹117 per share, with a lot size of 1,200 shares. The issue opened on 12 February 2026 and closed today, 16 February 2026.

Marushika Technology IPO was subscribed 17.94 times on 16 February 2026, the final day of bidding. NII led with 41.00x subscription, followed by Retail at 16.47x and QIB (Ex-Anchor) at 2.92x.