Date: June 3, 2026
The ₹70.03 crore Merritronix IPO will close for subscription on June 3. The SME issue has witnessed strong investor demand, with overall subscription reaching 63.78 times by the end of Day 2.
The retail investor portion was subscribed 89.25 times, while the Non-Institutional Investor (NII) category received 79.53 times subscription. Qualified Institutional Buyers (QIBs) subscribed their quota 3.09 times.
The public issue consists entirely of a fresh issue of 47 lakh equity shares with no Offer for Sale (OFS) component. The company has fixed the price band at ₹141-149 per share.
Proceeds from the IPO will be utilized for purchasing equipment and machinery, meeting working capital requirements, repaying debt, and supporting general corporate purposes.
Investors are required to apply for a minimum of two lots, equivalent to 2,000 shares, while the lot size has been fixed at 1,000 shares.
Founded in 1988, Merritronix operates in the Electronics Systems Design and Manufacturing (ESDM) sector and specializes in high-reliability and mission-critical electronic assemblies and systems.
The basis of allotment is expected to be finalized on June 4, while listing on the BSE SME platform is scheduled for June 8.
