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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Prepayment and Repayment of Certain Borrowings
Funding the partial or full repayment of outstanding debt facilities to optimize finance costs.
Funding Working Capital Requirements
Meeting incremental working capital demands to support business expansion and project deployment.
(₹ in Crore)
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Marushika Technology Limited, incorporated in July 2010 as Marushika Traders and Advisors Private Limited, is an IT and telecom infrastructure solutions provider headquartered in New Delhi. The company acts as a value-added distributor and integration partner, specializing in data center management, active networking, cybersecurity, surveillance systems, and power backup solutions. Over the years, the company has scaled its operational capabilities to serve both business-to-business (B2B) and business-to-government (B2G) clients. Its client portfolio includes prominent government and public sector entities such as Bharat Electronics Limited (BEL), Delhi Metro Rail Corporation (DMRC), and the National Security Guard (NSG), alongside enterprise customers across diverse industries. In addition to IT and telecom infrastructure, Marushika Technology has expanded into specialized auto-tech services for the defense sector, including the maintenance, overhaul, and refurbishment of military vehicles. The company's growth strategy centers on expanding its technical service offerings, deepening long-term public sector partnerships, and capitalizing on growing infrastructure modernization demand across India.
Marushika Technology allocated 6,51,600 equity shares to anchor investors at Rs 117 per share, raising Rs 7.62 crore.
Source: RHP • Analysis provided for informational purposes
Last Updated: 18 September 2026, 4:19 PM
Comprehensive IT & Telecom Infrastructure Suite
Offers end-to-end solutions covering data center setup, active networking, cybersecurity, surveillance, and power management for enterprise and government clients.
Established B2B and B2G Relationships
Maintains strong long-term working relationships with key public sector entities and defense organizations such as BEL and DMRC.
Consistent Financial Growth
Demonstrates robust revenue expansion and improving margin profiles over consecutive financial years leading to the public listing.
Working Capital Intensity
Operations require significant capital deployment for project execution, inventory, and extended trade receivables from institutional clients.
Client Concentration Risk
A substantial portion of total revenue is derived from a limited set of government and large enterprise contracts.
Marushika Technology Limited
Plot No 8, 1st Floor, Local Shopping Centre, A-Block, Preet Vihar, Delhi - 110092
View on Maps →Skyline Financial Services Private Limited
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