Merritronix’s IPO got a very strong response on its first day. Approximately 15x investors apply for IPO, so the grey market premium jumped and hit ₹88. This showed that investors are confident about the company. The IPO was for a small and medium enterprise (SME) and the price band was between ₹141 and ₹149.
Merritronix IPO details and pricing
Merritronix IPO launched at a price band of ₹141 to ₹149 per share. The face value of each share was ₹10. The company planned to raise about ₹70 crore by selling new shares. Before the public IPO started, the company also got around ₹19.91 crore from anchor investors, which are big institutional investors. This shows that large investors trusted the company even before normal people could apply.
| IPO Price Band | ₹141 – ₹149 per share |
| Lot Size | 1,000 shares (1 lot) |
| Minimum Investment | ₹1,41,000 – ₹1,49,000 |
| Issue Size | ₹70.03 crore (entirely fresh issue) |
| IPO Open Date | 1 June 2026 |
| IPO Close Date | 3 June 2026 |
| Listing Date & Exchange | 8 June 2026 on BSE SME |
Merritronix subscription performance
On the first day, the IPO received 14.84x applications, showing massive interest. On the first day, Non-Institutional Investor subscribed 16.01x times, and Retail Individual Investor subscribed over 22.62x times.
Merritronix Grey market premium GMP
The grey market premium of Merritronix shows a massive jump on day one. Today, the gray market shows a jump of ₹88 to ₹90 extra per share above the IPO price. market estimates pointed to a possible listing price at around ₹230 per share as per GMP calculations.
The high subscription and a high grey market premium show that people are so excited about this IPO in the short term. But note that GMP rates are non-regulated and SME IPOs can be riskier than larger company IPOs. Before you apply, check the company’s business and understand the risks of SME stocks.
Article authored by Abhishek Rodi. Views are his own.
This article is for informational and educational purposes only. It does not constitute financial, investment, or professional advice.