Marushika Technology Plans IPO of 22.47 Lakh Shares to Fuel Growth and Debt Reduction

New Delhi, September 8: Marushika Technology Limited has announced that it plans to launch an IPO to raise capital through a 100% fresh issue of 22,47,000 equity shares. The issue will not include any offer for sale component, and the company has proposed to list its shares on NSE Emerge. Post-issue equity shares will increase to 84,78,568, from the pre-issue number of 62,31,568. The price band, issue size, and other details about the IPO have not been disclosed in the stock market filing.

Financial Snapshot: Marushika Technology

For the financial year ended March 2025, Marushika reported a strong financial performance. Revenue from operations stood at ₹8,524.87 lakh, while Profit After Tax (PAT) was ₹644.21 lakh. Earnings Per Share (EPS) stood at ₹9.70. The company’s net worth reached ₹1,523.67 lakh, and total borrowings were ₹2,137.30 lakh. As of July 31, 2025, Marushika had an unexecuted order book of ₹2,835.42 lakh. Additionally, it reported a GST-related dispute of ₹141.88 lakh and bank guarantees worth ₹499.95 lakh.

Usage of IPO Funds

The company aims to utilise ₹589.00 lakh for repayment of borrowings, ₹1800.00 lakh for working capital funding and the balance amount for general corporate purposes. The amount earmarked for general corporate purposes, as well as the total fund proceeds, is not disclosed in the DRHP (Draft Red Herring Prospectus).

Company Overview and Business Model

Marushika Technology operates as a distributor and solutions provider in IT and telecom infrastructure. It offers data centers, active networking, surveillance, cybersecurity, power management, and smart city solutions. The company also provides auto-tech solutions for Defence and offers installation and maintenance services. The company was incorporated on July 3, 2010, and is headquartered in New Delhi, India.

REF: https://nsearchives.nseindia.com/emerge/corporates/content/Registration_06092025192253_DRHP_Marushika_Final.pdf

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