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Electronics Firm Merritronix IPO: Subscription Demand Soars, GMP +88
2 Jun
Summary
- Merritronix IPO runs from June 1 to June 3, priced at ₹141-149.
- The company secured ₹19.91 crore from anchor investors prior to opening.
- Current Grey Market Premium (GMP) of +88 suggests a strong market debut.
The Merritronix initial public offering (IPO) commenced on June 1 and is set to conclude on June 3, with a price band of ₹141 to ₹149 per equity share. Prior to its opening, the company managed to secure ₹19.91 crore from anchor investors by allotting 13.36 lakh shares.
Merritronix specializes in the Electronics Systems Design and Manufacturing (ESDM) sector, focusing on high-reliability electronic assemblies for defence, aerospace, and industrial electronics. The company operates on a B2B model, offering end-to-end manufacturing services.
Current grey market activity indicates a strong outlook for Merritronix's market debut, with a Grey Market Premium (GMP) of +88 observed over the last 13 sessions. This premium signifies investor willingness to pay above the issue price.
Bids for the IPO have exceeded expectations, with over 1.22 crore shares subscribed against 31.28 lakh shares offered as of June 2, 2026. The company plans to use the funds raised for business expansion and general corporate purposes.
