Merritronix IPO subscribed 199 times so far on Day 3: Check allotment date and steps

Merritronix IPO: The initial public offering of Merritronix has been subscribed 199.42 times so far on the final day of bidding on Wednesday, June 3.

It secured bids for 67,08,55,000 shares compared to 33,64,000 shares on offer, according to the BSE data until 2:04 pm.

Qualified institutional buyers (QIBs) subscribed their portion 84.89 times, while the non-institutional investors' quota was booked 262.21 times. The part for individual investors was subscribed 228.29 times.

The ₹70.03 crore initial share sale is solely a fresh issue of 47 lakh shares, with no offer for sale component. The price band has been fixed at ₹141 to ₹149 per share.

The proceeds from the issue will be utilised for capital expenditure requirements for the purchase of equipment and machinery, working capital requirements, debt clearance and general corporate purposes.

A lot size for an application is 1,000 shares. The minimum investment for an individual investor is two lots or 2,000 shares.

Merritronix Limited, incorporated in 1988, is an ESDM (Electronics Systems Design and Manufacturing) company that specialises in offering high-reliability and mission-critical electronic assemblies and systems.

Merritronix IPO: Allotment and listing date

The basis of allotment of Merritronix IPO is expected to be finalised on June 4, while listing on the BSE SME platform will occur on June 8.

How to check Merritronix IPO allotment status on Bigshare Services

• Go to this page: www.bigshareonline.com/ipo_Allotment.html
• From three servers, select any one
• Click on 'Merritronix Ltd' from the list
• Enter any of these— Application number, beneficiary ID, or PAN
• Complete the 'captcha' verification
• Click the ‘Search’ button

Steps to check Merritronix IPO allotment status on BSE

• Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx.
• Issue type should be kept as ‘Equity’
• From the ‘Issue Name’ dropdown menu, select ‘Merritronix Ltd’
• Add either your PAN or IPO application number
• Press the ‘Search’ button

Merritronix IPO GMP

According to investorgain.com and media reports, the unlisted shares of Merritronix were trading at ₹239 per share, reflecting a grey market premium of 60.40% over the upper price band of ₹149.