MARKET CLOSED
IPO
Merritronix IPO
smelistedRegistrar: BIGSHARE SERVICES PRIVATE LIMITED · Listing 2026-06-08
IPO Timeline
Today · 20 Oct 2026
Opens
01 Jun 2026
Closes
03 Jun 2026
Allotment
04 Jun 2026
Refund
05 Jun 2026
Demat
05 Jun 2026
Listing
08 Jun 2026
Price Band
₹141–149
GMP
₹78
52.35%
Lot Size
1000 Shares
Min ₹149,000
Subscription
0x
Issue Size
₹70 Cr
Open
2026-06-01
Close
2026-06-03
Listing
2026-06-08
About the company
GMP trend (Grey Market Premium by date)
Today₹78 (52.35%)
High₹93
Low₹45
Est. Listing₹227
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 03 Jun | ₹78 | ₹227 | -12 |
| 02 Jun | ₹90 | ₹239 | 0 |
| 01 Jun | ₹90 | ₹239 | +2 |
| 31 May | ₹88 | ₹237 | 0 |
| 30 May | ₹88 | ₹237 | +6 |
| 29 May | ₹82 | ₹231 | -8 |
| 28 May | ₹90 | ₹239 | -2 |
| 27 May | ₹92 | ₹241 | 0 |
Strengths
- Strong presence in defence, aerospace, telecom, and industrial electronics sector
- Revenue and profit growth has been strong in recent years
- EBITDA and profit margins are improving
- Healthy ROE and ROCE indicate efficient business performance
- Defence and aerospace certifications create entry barriers for competitors
- IPO funds will be used for expansion, machinery, working capital, and debt repayment
- Defence manufacturing theme currently has strong market interest
Risks
- SME IPOs are highly volatile and can face liquidity issues after listing
- High GMP increases speculation and listing-day risk
- Business may depend on a limited number of clients/orders
- Expansion execution risk if future demand slows down
- Debt level is moderate for a manufacturing company
- Valuation is reasonable but not very cheap
- Suitable mainly for aggressive investors and listing gain seekers
- Conservative investors should be cautious due to SME volatility
Financial performance (₹ Cr)
Subscription breakup (final, times)
Retail0x
QIB0x
NII0x
EMP0x
OTHER0x
Total0x
IPO Roadmap / Timeline
Current Status · as of 20 Oct 2026
Listed
Listed on 08 Jun 2026
IPO Opens
Completed01 Jun 2026Bidding starts for all investor categories
IPO Closes
Completed03 Jun 2026Last day to place your bid
Basis of Allotment
Completed04 Jun 2026Share allotment finalised
Refund Initiation
Completed05 Jun 2026Refunds credited for non-allottees
Credit to Demat
Completed05 Jun 2026Allotted shares credited to demat account
Listing on Exchange
Completed08 Jun 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
Lot Size
1000 shares
Price / Share (upper)
₹149
Min Investment (1 lot)
₹149,000
Price Band
₹141–149
Retail / Individual
1 lot only
Min lots
1
Min shares
1000
Min amount
₹149,000
Max amount
₹149,000
HNI
Min 2 lots
Min lots
2
Min shares
2000
Min amount
₹298,000
Max amount
₹298,000
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹149,000 | 1 | ₹149,000 | 1 lot only |
| HNI | 2 | 2000 | ₹298,000 | 2 | ₹298,000 | Min 2 lots |
Shares reserved per category & allotment probability
QIB
100% allotment
Reservation
50%
Amount
₹35 Cr
Shares offered
2,413,793
Shares bid
0
Subscribed
0.00x
NII
100% allotment
Reservation
15%
Amount
₹10.5 Cr
Shares offered
724,138
Shares bid
0
Subscribed
0.00x
Retail
100% allotment
Reservation
35%
Amount
₹24.5 Cr
Shares offered
1,689,655
Shares bid
0
Subscribed
0.00x
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,413,793 | 35 | 0 | 0.00x | 100% |
| NII | 15% | 724,138 | 10.5 | 0 | 0.00x | 100% |
| Retail | 35% | 1,689,655 | 24.5 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
