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  5. Merritronix IPO subscribed 49 times so far on Day 2; check price band, lot size and key dates

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Merritronix IPO subscribed 49 times so far on Day 2; check price band, lot size and key dates

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox
By Kamal Joshi

2 min read | Updated on June 02, 2026, 15:20 IST

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SUMMARY

Merritronix IPO: The initial share sale, with a price band of ₹141 to ₹149 per share, is only a fresh issuance of 47 lakh shares aggregating to ₹70.03 crore.

Merritronix specialises in providing high-reliability and mission-critical electronic assemblies and systems. | Image: Shutterstock

Merritronix specialises in providing high-reliability and mission-critical electronic assemblies and systems. | Image: Shutterstock

Merritronix IPO: The initial public offering of electronics systems design and manufacturing services company Merritronix has been subscribed 49.09 times so far on the second day of bidding on Tuesday, June 2.

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It has secured bids for 16,51,46,000 shares as against 33,64,000 shares on offer, according to the BSE data until 3:15 pm.

The part reserved for qualified institutional buyers was subscribed 2.89 times, while the non-institutional investors' portion was booked 56.11 times. The quota for individual investors was subscribed 71.37 times.

The initial share sale, with a price band of ₹141 to ₹149 per share, is only a fresh issuance of 47 lakh shares aggregating to ₹70.03 crore.

The money raised will be used for capital expenditure towards the purchase of machinery and equipment, working capital needs, debt repayment and corporate general purposes.

A lot consists of 1,000 shares. The least investment for an individual investor is 2,000 shares.

Merritronix IPO: Allotment and listing date

EventDate
Subscription periodJune 1 to June 3
Basis of allotmentJune 4
Initiation of RefundsJune 5
Credit of Shares to DematJune 5
Listing dateJune 8

GYR Capital Advisors is the issue's book-running lead manager, while Bigshare Services is the registrar.

The company's shares will be listed on the SME platform of the BSE.

Prior to the IPO, the company had raised ₹19.91 crore from anchor investors, including HDFC Bank, Small Industries Development Bank, Meru Investment Fund PCC-Cell I and Sanshi Fund-I, among others.

Merritronix is an electronics systems design and manufacturing services company, specialising in electronic assemblies and systems for aerospace, defence, telecommunications, engineering services companies, rapid prototyping for design houses, OEMs and specialised industrial electronics.

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Merritronix IPO GMP

According to investorgain.com and media reports, Merritronix's unlisted shares were trading at ₹239 per share, reflecting a grey market premium (GMP) of 60.40% over the upper price band of ₹149.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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