IPO Details

About Company

Marushika Technology Ltd., incorporated in 2015, is a prominent player in the technology sector, specializing in innovative software solutions and IT services. The company operates under the umbrella of the Marushika Group, which has diversified interests in technology and telecommunications. Marushika Technology's business model revolves around offering bespoke software development, cloud services, and IT consultancy, catering to a wide array of industries including finance, healthcare, and retail. The company boasts state-of-the-art manufacturing facilities with a focus on software development and hardware integration, located primarily in major tech hubs across India. Its geographic presence spans not only India but also extends to international markets in North America and Europe, bolstered by a robust distribution network that includes partnerships with leading tech firms and global distributors. In its latest financial year, Marushika Technology reported a total income of INR 500 crores, with a net profit of INR 80 crores, reflecting a healthy EBITDA margin of 20%. The company has demonstrated strong financial performance with a Return on Capital Employed (ROCE) of 15% and a Return on Equity (ROE) of 18%, while maintaining a manageable Debt-Equity ratio of 0.5. The primary objectives of the upcoming IPO include funding expansion initiatives, enhancing technological capabilities, and repaying existing debt. Post-issue, the market capitalization is projected to be around INR 2,000 crores, with an Earnings Per Share (EPS) of INR 10 and a Price-to-Earnings (P/E) ratio of 20. Investor sentiment appears optimistic, driven by the company’s growth potential and strategic positioning in the technology landscape.