Marushika Technology SME IPO Subscription Status
Marushika Technology SME IPO closed on 16 February 2026 with an overall subscription of 18.01x based on shares applied. QIB demand came in at 2.92x, NII at 41.35x, and retail at 16.51x.
Allotment will be finalised on 17 February 2026. The stock is scheduled to list on NSE and BSE on 19 February 2026.
Issue Price
Rs 117.00
GMP Today
Rs 2.00 (+1.71%)
Overall Subscription
18.01x
Issue Size
₹25.61 Cr
Allotment Date
17 Feb 2026
Listing Date
19 Feb 2026
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?
A subscription of 18.01x by shares means the IPO received bids for 18 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 2.92x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 2.92x, it reflects serious institutional conviction.
NII at 20.02x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 19.18x and sNII at 21.68x by applications. Share subscription was 41.35x. Allotment uses application count, not share volume.
At 16.51x subscription by applications, approximately 1 in 17 retail applicants can expect an allotment (~6% per application). Retail allotment is done by lottery when oversubscribed.
Marushika Technology SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 16.51x.
- •Allotment odds: about 1 in 17 (~6% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 21.68x.
- •Allotment odds: about 1 in 22 for a minimum-lot application (~5% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 19.18x.
- •Allotment odds: about 1 in 19 for a minimum-lot application (~5% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 50.94x. Allotment uses application count, not share volume.
Check the Marushika Technology SME IPO Allotment Status page from 17 February 2026 for your allotment result.
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 Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Marushika Technology SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Marushika Technology SME IPO Allotment Status
Check allotment result on allotment date
Marushika Technology SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
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 27 June 2026, 3:17 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. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Marushika Technology SME IPO NII subscription?
Marushika Technology SME IPO NII (Non-Institutional Investors) subscription is 20.02x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Marushika Technology SME IPO for retail?
At 16.51x subscription by applications, approximately 1 in 17 retail applicants can expect an allotment (~6% per application). Allotment is done by lottery.
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?
Allotment odds in Marushika Technology SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 20.02x by applications means roughly 1 in 20 for minimum-lot bids; bNII at 19.18x (~1 in 19). 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.