Marushika Tech IPO Debuts at Premium, Ends Day with Loss Amid Market Turmoil

• Marushika Tech IPO shares listed on NSE SME at ₹120, a 2.56% premium over the ₹117 issue price.
• The stock initially climbed to ₹123 but closed at ₹114 due to profit-booking and market volatility, resulting in a 2.56% loss for IPO investors.
• The ₹27 crore IPO was oversubscribed 17.94 times, with strong interest from NIIs (41x) and retail investors (16.51x).
• Funds from the IPO will be used for debt reduction (₹5 crore), working capital (₹14.68 crore), and general corporate purposes.
• Marushika Tech, an IT and telecom infra products distributor, reported a 100.32% increase in net profit to ₹6.29 crore and a 40.77% rise in total income to ₹85.63 crore in FY2025.