Merritronix IPO allotment: How to check status online on Bigshare Services, BSE; listing date, time here

Merritronix IPO: The basis of allotment of Merritronix is expected to be finalised on Thursday, June 4. The bid finalisation details will be out on the websites of Bigshare Services and BSE.

The initial share sale was subscribed a whopping 293.31 times, as it got bids for 98,66,81,000 shares compared to 33,64,000 shares on offer, according to the BSE data.

The qualified institutional buyers (QIBs) portion was subscribed 224.91 times, while the non-institutional investors booked their part 352.98 times. The quota for individual investors was subscribed 297.67 times.

The ₹70.03 crore IPO, with a price band of ₹141 to ₹149 per share, was a fresh issue of 47 lakh shares. There was no offer for sale component.

The net proceeds from the issue will be used for the following objectives:

• Capital expenditure for the purchase of equipment and machinery
• Working capital needs
• Debt repayment
• Corporate general purposes

Merritronix is an electronics systems design and manufacturing (ESDM) company, specialising in providing high-reliability and mission-critical electronic assemblies and systems.

Merritronix IPO allotment date and time

How to check Merritronix IPO allotment status online on Bigshare Services

• Visit this link: www.bigshareonline.com/ipo_Allotment.html
• Select any one server from the three available
• Choose 'Merritronix Ltd' from the IPO names
• Mention either your PAN, application number or beneficiary ID
• Complete the 'captcha' verification
• Press the ‘Search’ button

Steps to check Merritronix IPO allotment status online on BSE

• Visit BSE's IPO status portal: https://bseindia.com/investors/appli_check.aspx.
• The issue type should be kept as ‘Equity’
• Select ‘Merritronix Ltd’ from the 'Issue Name' dropdown
• Fill in either your PAN or IPO application number
• Click on the ‘Search’ button

Merritronix IPO listing date and time

Merritronix shares will be listed on the SME platform of BSE on June 8.

Merritronix IPO GMP

According to investorgain.com and media reports, the unlisted shares of Merritronix Ltd were trading at ₹229 per share, reflecting a grey market premium of 53.69% over the upper price band of ₹149.