Marushika Technology Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹117
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,40,400
Issue Size
₹26.97 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.2%
QIB Quota
49.67%
NII Quota
15.13%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Marushika Technology Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
79.71%
Promoter Holding (Post-Issue)
58.19%
Issue Type
Book Building - SME
ISIN
INE0X7G01013
About the Company
We, Marushika Technology Limited, is engaged in the business of distribution of Information Technologies (IT) and Telecom Infrastructure products. We provide wide range of IT products and services to our clients in setting up their data centre's infrastructure, active networking, telecom system, advanced surveillance systems, data protection, cybersecurity and power management. We also offer installation, maintenance services and assisting clients in selecting the right type of IT infrastructure for their specific need. Additionally, Our Company offers a range of smart solution including smart access control, parking, lighting, and waste management.
Industry Overview
The IT industry plays a pivotal role in driving India's overall economic growth. The industry contributed 7.5% to India's GDP in FY 2023, up from 7.4% in FY 2022. The IT industry added an impressive 3.2 lakh new jobs in FY 2023, taking the total workforce to 5.72 million people. IT infrastructure services provide the foundation for India's digital transformation by building and managing data centers, networks, and cloud platforms. This ensures ubiquitous internet access, critical for connecting citizens, businesses, and government entities. Reliable and secure IT infrastructure facilitates the adoption of digital technologies like cloud computing, AI, and IoT across sectors like healthcare, education, banking, and agriculture.
Company History
Our Company was originally incorporated on July 03, 2010 as a Private Limited Company in the name and style of "Marushika Traders and Advisors Private Limited" vide Registration No. 205156 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Delhi. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on February 23, 2016, name of our company was changed from "Marushika Traders and Advisors Private Limited" to "Marushika Technology Advisors Private Limited" and a Fresh Certificate of Incorporation was issued on March 22, 2016 by the Registrar of Companies, Delhi. Further, pursuant to a special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on July 16, 2024, our Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of our Company was changed to "Marushika Technology Advisors Limited" and a Fresh Certificate of Incorporation consequent to Conversion was issued on August 29, 2024 by the Registrar of Companies, Central Processing Center. Further, pursuant to a special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on December 17, 2024 and consequently, the name of our company was changed to "Marushika Technology Advisors Limited" to "Marushika Technology Limited". As on the date of this Draft Red Herring Prospectus, The Corporate Identification Number of our Company is U62099DL2010PLC205156.
Products & Services
- Marushika Technology Limited is engaged in the business of distribution of Information Technologies (IT) and Telecom Infrastructure products.
Growth Strategy
- Leverage Technology to Grow Our Business
- Expanding and Strengthening OEM relationship for Future Growth
- Diversification of the products and service portfolio
- Increasing our presence and expand our network.
- Strategic use of third-party service provider.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering up to 23,05,200 equity shares of Rs. 10/- each ("equity shares") of Marushika Technology Limited ("MTL" or the "company" or the "issuer") for cash at a price of Rs. 117/- per equity share including a share premium of Rs. 107 per equity share (the "issue price") aggregating to Rs. 26.97 crores ("the issue"). The issue includes a reservation of upto 1,16,400 equity shares aggregating to Rs. 1.36 crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. net issue of upto 21,88,800 equity shares aggregating to Rs. 25.61 crores (the "net issue"). The public issue and net issue will constitute 27.00% and 25.64% respectively of the post-issue paid-up equity share capital of the company. Price Band:Rs. 117/- per equity share of face value of Rs. 10/- each. The floor price is 11.7 times the face value of the equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Good track record.
- Effective market anticipation.
- Cordial relations with our clients.
- Emerging segment in India.
- The company's revenue generation is significantly dependent on Government tendered projects and its associated entities including public sector undertakings and government organisations. If there are unfavorable changes in the policies of the government, it could result in closure, termination or renegotiation of our projects order, which would impact on its business and financial performance significantly.
- The company is dependents on a limited number of clients for a significant portion of its revenue. Any adverse changes in industry dynamics, client strategies, or the loss of a major client could significantly affect the company's business operations and financial performance.
- The Contracts in the company's order book may be adjusted, cancelled, or suspended by its clients at their discretion, and therefore the company's order book is not necessarily indicative of future revenues or earnings.
- Majority of its revenue is dependent on the products and services provided by the company under IT and Telecom Infrastructure (IT) Vertical, any decline in the demand for these services can affect our revenue and result of operations.
- The Company is dependent on various Original Equipment Manufacturers (OEMs) for the supply of products required for its projects, to act as a value-added distributor and is exposed to risks relating to fluctuations in their prices and shortage of Products.