Marushika Technology SME IPO Subscription
ListedUpdated 19 February 2026, 9:15 AM IST· NSE SME
Marushika Technology SME IPO subscription closed on 16 February 2026 at 18.01x overall by shares. QIB demand came in at 2.92x, NII at 41.35x, and retail at 16.51x. See Retail, SHNI, and BHNI allotment chances in the…
Marushika Technology SME IPO subscription closed on 16 February 2026 at 18.01x overall by shares. QIB demand came in at 2.92x, NII at 41.35x, and retail at 16.51x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 17 February 2026. Listing date on NSE and BSE is 19 February 2026.
Marushika Technology SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 12 Feb 2026 | 0.00x | 0.09x | 0.51x | 0.28x |
| Day 2 - 13 Feb 2026 | 0.00x | 0.95x | 1.13x | 0.77x |
| Day 3 - 16 Feb 2026 | 2.92x | 41.00x | 16.51x | 17.94x |
Marushika Technology SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Marushika Technology SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 16.51x | 1 in 17 |
| SHNI (Rs 2L to Rs 10L) | 21.68x | 1 in 22 |
| BHNI (above Rs 10L) | 19.18x | 1 in 19 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Marushika Technology SME IPO Allotment Status page from 17 February 2026 for your result.
Marushika Technology SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 117.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 5.10 Cr | Rs 14.90 Cr | 2.92x |
| FII | - | - | - |
| DFI | - | Rs 11.23 L | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 14.78 Cr | - |
| NII | Rs 3.88 Cr | Rs 160.22 Cr | 41.35x |
| bNII (above Rs 10L) | Rs 2.58 Cr | Rs 131.60 Cr | 50.94x |
| Corporate | - | Rs 4.94 Cr | - |
| Individual | - | Rs 125.08 Cr | - |
| Other | - | Rs 1.57 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 1.29 Cr | Rs 28.63 Cr | 22.16x |
| Corporate | - | Rs 37.91 L | - |
| Individual | - | Rs 26.90 Cr | - |
| Other | - | Rs 1.35 Cr | - |
| IND | Rs 9.01 Cr | Rs 148.82 Cr | 16.51x |
| Total | Rs 17.99 Cr | Rs 323.94 Cr | 18.01x |
Marushika Technology SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 363 | 10 | 0.03x |
| FII | - | - | - |
| DFI | - | 1 | - |
| Mutual Funds | - | - | - |
| Other | - | 9 | - |
| NII | 92 | 1,842 | 20.02x |
| bNII (above Rs 10L) | 61 | 1,170 | 19.18x |
| Corporate | - | 44 | - |
| Individual | - | 1,112 | - |
| Other | - | 14 | - |
| sNII (Rs 2L to Rs 10L) | 31 | 672 | 21.68x |
| Corporate | - | 9 | - |
| Individual | - | 631 | - |
| Other | - | 32 | - |
| IND | 321 | 5,300 | 16.51x |
| Total | 776 | 7,152 | 9.22x |
What Do These Subscription Numbers Mean?
18.01x overall by shares means bids covered about 18 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 2.92x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (20.02x by applications). Split: SHNI 21.68x, BHNI 19.18x by applications. SHNI and BHNI allotment is by lottery.
At 16.51x subscription by applications, about 1 in 17 retail applicants may get allotment (~6% chance per application). Retail allotment is also by lottery.
Marushika Technology SME IPO GMP After Subscription
GMP for Marushika Technology SME stands at Rs 2.00 today, giving an estimated listing price of Rs 119.00 per share.
A subscription of 18.01x combined with a GMP of 1.71% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Marushika Technology SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Marushika Technology SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 12 February 2026 |
| IPO Close Date | 16 February 2026 |
| Allotment Date | 17 February 2026 |
| Refund Initiation | 18 February 2026 |
| Share Credit to Demat | 18 February 2026 |
| Listing Date | 19 February 2026 |
| Minimum Investment | Rs 2,80,800.00 |
| Lot Size | 1200 shares |
About Marushika Technology SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Marushika Technology SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Marushika Technology SME Details
Issue size, price, financials, and company info
Marushika Technology SME GMP
Live grey market premium and listing estimate
Marushika Technology SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Marushika Technology SME Allotment
Allotment date, chances, and check by PAN
Marushika Technology SME Review
SWOT, strengths, risks, and IPO review
Marushika Technology SME FAQ
Common questions on dates, GMP, and allotment
Marushika Technology SME Registrar
Registrar website and how to check allotment
Marushika Technology SME Timeline
Open, close, allotment, and listing dates
Marushika Technology SME News
Updates, blogs, and latest IPO news
Marushika Technology SME IPO Subscription FAQs
What is Marushika Technology SME IPO subscription status today?
Marushika Technology SME IPO subscription closed on 16 February 2026 with overall subscription of 18.01x (by shares) as of 25 August 2026, 11:32 AM IST. QIB 2.92x, NII 20.02x, IND 16.51x.
What is the overall subscription of Marushika Technology SME IPO?
Marushika Technology SME IPO is subscribed 18.01x overall by shares at close on 16 February 2026. QIB 2.92x, NII 20.02x, and IND 16.51x.
What is Marushika Technology SME IPO QIB subscription?
Marushika Technology SME IPO QIB (Qualified Institutional Buyers) subscription is 2.92x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Marushika Technology SME IPO IND subscription?
Marushika Technology SME IPO IND subscription is 16.51x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Marushika Technology SME IPO NII, SHNI, and BHNI subscription?
Marushika Technology SME IPO NII subscription is 20.02x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 21.68x and BHNI (above Rs 10L) at 19.18x.
What are Marushika Technology SME IPO retail allotment chances?
At 16.51x subscription by applications, about 1 in 17 retail applicants may get allotment (~6% chance per application). Allotment is by lottery.
What are Marushika Technology SME IPO SHNI allotment chances?
At 21.68x subscription by applications, about 1 in 22 SHNI applicants may get allotment (~5% chance per application). Allotment is by lottery.
What are Marushika Technology SME IPO BHNI allotment chances?
At 19.18x subscription by applications, about 1 in 19 BHNI applicants may get allotment (~5% chance per application). Allotment is by lottery. Share subscription was 50.94x. Allotment chances use applications, not share volume.
When is Marushika Technology SME IPO allotment date?
Marushika Technology SME IPO allotment date is 17 February 2026. Check Marushika Technology SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Marushika Technology SME IPO subscription close?
Marushika Technology SME IPO subscription closed on 16 February 2026. No new applications are accepted after the close.
What is Marushika Technology SME IPO GMP today?
Marushika Technology SME IPO GMP is ₹2 today (+1.71% over issue price ₹117). See live GMP on the Marushika Technology SME IPO GMP Today page.
What is Marushika Technology SME IPO issue price and lot size?
Marushika Technology SME IPO issue price is ₹117 per share. Lot size is 1200 shares. Minimum investment is ₹2,80,800 per lot (minimum 2 lots for SME). Issue size: ₹25.61 Cr.
When is Marushika Technology SME IPO listing date?
Marushika Technology SME IPO listing date is 19 February 2026 on NSE and BSE. Allotment is on 17 February 2026.
How does subscription affect Marushika Technology SME IPO allotment?
In Marushika Technology SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 18.01x overall, competition is high.
For allotment results from 17 February 2026, visit the Marushika Technology SME IPO Allotment Status page. For listing day updates on 19 February 2026, download the IPOwiz App.
Sources
We match Marushika Technology SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.