🔴 LIVE UPDATE – 06 Feb 2026:
No material change has been observed in the Marushika IPO grey market activity as of now. Grey market indications remain largely unchanged, with limited fresh participation and no significant pricing movement reported in the unofficial market.
Last updated: 06 Feb 2026 | 09:30 IST
🧠 PositionalCalls Institutional View:
Grey market data continues to remain thin and early-stage. At this point, there is no strong capital flow signal emerging from unofficial market activity. Early GMP trends in SME IPOs are often volatile and liquidity-driven, making it premature to draw directional conclusions based solely on current grey market behavior.
📊 Market Signal:
Grey market activity remains muted; institutional interest signals not yet visible.
👀 What to Watch Next:
Key trigger: First 1–2 days of official subscription data after bidding opens
Risk factor: Sudden GMP spikes driven by low-liquidity speculation rather than fundamental demand
Institutional indicator: QIB participation trend once book-building begins
Marushika IPO GMP Today
IPO Snapshot
| Company Name | Marushika |
| Symbol | MARUSHIKA |
| Issue Period | 09-Feb-2026 to 11-Feb-2026 |
| UPI Mandate Cut-off | 11-Feb-2026 up to 5:00 PM |
| Issue Size | Fresh issue of up to 23,05,200 equity shares (including market maker portion of 1,16,400 equity shares) |
| Issue Type | 100% Book Building |
| Price Band | Rs.111 – Rs.117 per equity share |
| Lot Size | 1,200 equity shares |
| Face Value | Rs.10 per share |
| Tick Size | Re.1 |
| IPO Market Timings | 10:00 AM to 5:00 PM (Issue closure day bidding up to 4:00 PM) |
| Book Running Lead Manager | Nexgen Financial Solutions Private Limited |
| Sponsor Bank | Axis Bank Limited |
| Registrar | Skyline Financial Services Private Limited |
| Investor Categories | FI, IC, MF, FII, OTH, CO, IND, NOH |
| UPI Applicable Category | IND (up to Rs.5 lakh) |
GMP Overview
Marushika IPO Grey Market Premium (GMP) is not disclosed.
Grey market premium refers to unofficial transactions that occur outside the stock exchange mechanism prior to listing. Such transactions are informal in nature, unregulated, and do not reflect any assured listing price or post-listing performance.
Neither the issuer nor the book running lead manager nor the stock exchanges provide or validate GMP data. Accordingly, GMP should be interpreted strictly as anecdotal market chatter rather than an investment signal.
Marushika IPO Subscription Status:
Subscription data for the Marushika IPO will be released by the stock exchange on a category-wise basis during the bidding window and after issue closure.
As of now, official subscription figures are not disclosed.
Subscription levels across institutional, non-institutional, and retail categories often influence secondary market perception, though they do not guarantee listing outcomes.
Marushika IPO Listing Outlook:
The listing performance of the Marushika IPO will depend on several variables, including overall market sentiment, subscription depth, investor mix, and liquidity conditions prevailing at the time of listing.
In the absence of official GMP data and live subscription figures, no directional inference regarding listing gains or losses can be drawn at this stage.
Market outcomes for book-built issues can vary significantly even among issues with similar structural features.
Marushika IPO Details: Business Overview
Marushika’s detailed business model, operational segments, geographic presence, customer concentration, and competitive positioning are described in the Draft Red Herring Prospectus (DRHP) and subsequent regulatory filings.
Based on the information currently available in the public domain, granular details regarding revenue drivers, sector exposure, and long-term strategy are not disclosed.
Investors typically rely on DRHP and RHP disclosures to assess scalability, industry dynamics, and the sustainability of operations.
Marushika IPO GMP Today: Financial Overview
Audited financial information such as revenue growth, profitability trends, margins, cash flows, and balance sheet strength are key components of IPO evaluation.
However, specific financial figures for Marushika, including historical income statements and net worth details, are currently Not disclosed in the available summary information.
Complete financial disclosures are generally accessed through statutory filings and offer documents filed with the stock exchanges.
Valuation View
IPO valuation is typically assessed relative to earnings, net asset value, return ratios, and peer group comparisons within the same industry.
Given the absence of disclosed financial metrics and peer benchmarking data, valuation interpretation for Marushika IPO remains constrained at this stage.
Investors often wait for full financial disclosures to evaluate whether the offer pricing aligns with underlying fundamentals.
Key Risks
- Limited publicly available financial and operational disclosures
- Market volatility during the IPO and listing period
- Liquidity risks typically associated with smaller and mid-sized issues
- Information asymmetry between different investor categories
Marushika IPO GMP Today: Investor Suitability
This IPO may be relevant for investors who are familiar with primary market mechanisms, book-building processes, and regulatory disclosures.
It may not be suitable for investors seeking high visibility financial histories, predictable listing outcomes, or short-term price certainty.
Marushika IPO Price Band: Institutional Verdict
Marushika IPO represents a standard book-built public issue structured in accordance with prevailing regulatory norms.
Institutional assessment remains limited at this stage due to the unavailability of detailed financial and operational disclosures in the public summary.
Market participants generally await comprehensive DRHP/RHP analysis before forming informed views.
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Disclaimer
This content is published for informational and educational purposes only. It does not constitute investment advice, recommendation, or solicitation to buy, sell, or apply for any securities.
All information is based on publicly available exchange disclosures. Grey Market Premium, where mentioned, is unofficial and unregulated.
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