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₹117 - 117
Marushika Technology Ltd
TradingIPOSME
₹117 - 117
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.
Lot1,200Min Invest₹2,80,800Face Value₹10Issue Size₹27 CrFresh Issue₹27 CrListing Price₹120CMP₹118
Timeline
12 Feb
Bidding opens
16 Feb
Bidding closes
17 Feb
Allotment
18 Feb
Refund & demat credit
19 Feb
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹27 Cr0.23 Cr shares
Fresh Issue₹27 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 49.67% · NII 15.13% · RETAIL 35.2%
Application Sizes
Retail₹2,80,8001-1 lots
sNII₹2,80,800from 2 lots
bNII₹11,23,200from 8 lots
Managers & Registrar
Lead ManagerNexgen Financial Solution Private Limited
RegistrarSkyline Financial Services Pvt
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group79.71%58.19%Public20.29%41.81%
Objects of the Issue
- Repayment and/ or pre-payment, in part or full, of certain borrowings availed by the Company
- Funding the Working Capital requirement
- General Corporate Purposes
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 61 | 85 | 116 |
| Operating ProfitCr | 6 | 11 | 16 |
| OPM% | 10.1 | 12.6 | 13.7 |
| PBTCr | 4 | 8 | 13 |
| PATCr | 3 | 6 | 9 |
| EPS | 6 | 9 | 14 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 1 | 6 | 9 |
| ReservesCr | 8 | 9 | 39 |
| BorrowingsCr | 20 | 21 | 7 |
| Total AssetsCr | 48 | 54 | 87 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | -6 | 0 | 2 |
| Investing Cash FlowCr | 0 | -2 | -6 |
| Financing Cash FlowCr | 9 | 0 | 6 |
| Net Cash FlowCr | 3 | -2 | 1 |
Strengths & Risks
Strengths · as stated in the DRHP
- Good track record.
- Effective market anticipation.
- Cordial relations with our clients.
- Emerging segment in India.
Strategies · as stated in the DRHP
- 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.
Risks · as stated in the DRHP
- 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.
- The company's business will suffer if we fail to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and the industries on which the company focus.