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Shellz India Ltd₹+13·Tonbo Imaging India Ltd₹+495·Zetwerk Manufacturing Business Ltd₹+11·Bonfiglioli Transmissions Ltd₹+138·Sahajanand Medical Technologies Ltd₹+42·Ravita Engineering Services Ltd₹+3·Fusion CX Ltd₹+20·Jio Platforms Ltd₹+222·Paras Healthcare Ltd₹+90·HD Fire Protect Ltd₹+80·Vaibhav Vyapaar Ltd₹0·R.K.Fashion Accessories Ltd₹0·Vishal Nirmiti Ltd₹+8·Nityas Gems & Jewellery Ltd₹+1·Paramount Syntex Ltd₹0·Acme India Industries Ltd₹+47·TNA Solutions Ltd₹+10·Dove Soft Ltd₹0·Omara Ventures India Ltd₹0·Shellz India Ltd₹+13·Tonbo Imaging India Ltd₹+495·Zetwerk Manufacturing Business Ltd₹+11·Bonfiglioli Transmissions Ltd₹+138·Sahajanand Medical Technologies Ltd₹+42·Ravita Engineering Services Ltd₹+3·Fusion CX Ltd₹+20·Jio Platforms Ltd₹+222·Paras Healthcare Ltd₹+90·HD Fire Protect Ltd₹+80·Vaibhav Vyapaar Ltd₹0·R.K.Fashion Accessories Ltd₹0·Vishal Nirmiti Ltd₹+8·Nityas Gems & Jewellery Ltd₹+1·Paramount Syntex Ltd₹0·Acme India Industries Ltd₹+47·TNA Solutions Ltd₹+10·Dove Soft Ltd₹0·Omara Ventures India Ltd₹0·
Merritronix Ltd
CLOSED
BSE SME
Bookbuilding IPO
Fresh capital only
Merritronix IPO GMP
GREY MARKET
PREMIUM
₹
+ 91
+61% expected return
EST. LISTING
PRICE
₹240
Issue Price: ₹
149
Issue Price
₹149
Face Value
₹10
Lot Size
1,000 shares
Open Date
01 Jun 2026
Close Date
03 Jun 2026
Allotment
04 Jun 2026
Listing Date
08 Jun 2026
Exchange
BSE SME
Merritronix IPO Details: Price, Dates & Financials
The Merritronix IPO GMP strength score is 5.6 out of 10, which the dashboard rates as Moderate. The Merritronix IPO valuation is tagged Good. The Merritronix IPO is subscribed 221.04 times overall so far. Amounts are calculated at the upper price band of ₹149.
IPO Analytics Dashboard
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Merritronix IPO GMP Insights
Valuation
Good
Merritronix IPO GMP Strength Score
6
/ 10
Moderate
0–3 Weak
3–6 Moderate
6–8 Good
8–10 Strong
Merritronix IPO Category-wise Subscription
Shares offered, bid & amount
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 90.97 | 2,228,000 | 202,683,000 |
| NII / HNI | 477.18 | 672,000 | 320,665,000 |
| Retail (RII) | 296.28 | 1,564,000 | 463,386,000 |
| Market Maker | — | 236,000 | — |
| Total | 221.04 | 4,464,000 | 986,734,000 |
* Amount calculated at upper price band (₹149) · ** Total includes all investor categories
Merritronix IPO Application Sizing
Minimum investment by category
Retail Investors ?
Min. Lots
2
Shares / Lot
2,000
Min. Investment
₹298,000
HNI Investors ?
Min. Lots
3
Min. Shares
3,000
Min. Investment
₹447,000
Merritronix IPO Valuation — EPS & P/E
Pre & post-issue metrics
Pre-Issue EPS ?
₹ 13
Post-Issue EPS ?
₹ 9
Pre-Issue P/E ?
12 x
Post-Issue P/E ?
16 x
Merritronix IPO Timeline & Key Dates
- 1 Initiation of Refund 05 Jun 2026
- 2 Credit of Shares to Demat 08 Jun 2026
Investor Interpretation
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹13 compares to post-issue EPS of ₹9 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
Merritronix IPO Subscription FAQs
Merritronix IPO is subscribed 221.04x overall (Retail 296.28x, QIB 90.97x, NII/HNI 477.18x).
The retail (RII) portion of Merritronix IPO is subscribed 296.28x.
Merritronix IPO — QIB 90.97x, NII/HNI 477.18x.
In Merritronix IPO, retail investors can apply for a minimum of 2 lot(s) (₹₹298,000); HNI/sNII minimum 3 lots (₹₹447,000).
Shares offered by category — QIB 2,228,000 shares, Retail 1,564,000 shares.
Merritronix IPO valuation — pre-issue EPS ₹12.60, post-issue EPS ₹9.21, pre-issue P/E 11.83, post-issue P/E 16.18.
Subscription is shares bid for divided by shares offered in that category. If 10 lakh shares are offered and 50 lakh are bid for, the category is subscribed 5 times. Final numbers are confirmed after the bidding closes.
The NII category covers investors applying for shares outside the retail investor category, while HNI commonly refers to high-value investors within the NII category. Understanding the Merritronix IPO's NII and HNI subscription levels helps investors assess demand for the Merritronix IPO and overall investor interest.
GMP and IPO data are unofficial and for information only — not investment advice. Read the full disclaimer.