Marushika Technology IPO allotment: How to check status online on Skyline Financial Services, NSE; listing date, time revealed

Marushika Technology IPO allotment: The basis of allotment of Marushika Technology IPO is likely to be finalised on Tuesday, February 17. The details will be available on the websites of the NSE and registrar Skyline Financial Services.

The ₹26.97 crore initial share sale was solely a fresh issuance of 23,05,200 shares. There was no offer for sale (OFS) component.

With a price range of ₹111 to ₹117 per share, a lot consisted of 1,200 shares. The minimum investment for an individual investor was 2,400 shares.

The objectives of the issue include debt clearance, funding working capital needs and general corporate purposes.

In its red herring prospectus, the firm said, "Our company believes that listing will enhance our company's corporate image, brand name and create a public market for its equity shares in India."

Marushika Technology is a distributor of information technology and telecom infrastructure products. It is engaged in providing various IT products and services to its clients in setting up their infrastructure for data centres, telecom systems, cybersecurity, active networking, data protection, advanced surveillance systems and power management. It also offers installation and maintenance services and helps clients in selecting the right type of IT infrastructure for their specific needs.

Marushika Technology follows a business-to-business model and a business-to-government model and has offered services to state-run firms like Bharat Electronic Limited (BEL), Delhi Metro Rail Corporation (DMRC), Central Electronic Limited (CEL) and National Security Guard (NSG).

Marushika Technology IPO allotment date and time

Marushika Technology IPO allotment is expected to be finalised on Tuesday, February 17, by late evening.

Marushika Technology IPO allotment status online on NSE; check steps

• Go to NSE's allotment status portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select the ‘Equity & SME IPO bid details’ option
• Choose 'MARUSHIKA' from the 'Select Symbol' list
• Fill in your application number and PAN details
• Hit the 'Submit' button

How to check Marushika Technology IPO allotment status online on Skyline Financial Services

• Head to the registrar's official website: http://skylinerta.com/display_ipo_rightissue_allotment.php
• Pick 'Marushika Technology Ltd' from the IPO names
• Identify yourself using a CAF number or PAN or DPID/Client ID/Folio Number
• Press the ‘Search’ button

Marushika Technology IPO GMP