Merritronix IPO Allotment Status: Check Latest GMP, Steps to Verify Status
The allotment status for Merritronix's ₹70.03 crore IPO is expected to be finalised today, June 4, 2026. Investors who participated in the issue will be able to check their allotment status through the websites of the BSE and the registrar, Bigshare Services Private Limited.
Following the allotment process, the company's shares are expected to be listed on the BSE SME platform on June 8, 2026.
Procedure to Check Merritronix IPO Allotment Status Online On BSE
- Click here to visit the application status page.
- In Issue Type, “Equity”.
- In Issue Name, select “Merritronix Limited”
- Enter your “Application No. or PAN No.”
- Enter the given Captcha correctly.
- Click “Submit”.
Procedure to Check Merritronix IPO Allotment Status on Bigshare Services (Registrar to the issue)
- Visit the Bigshare Services’ IPO allotment status page here.
- Click any of the three servers on the page.
- In Select Company, select “MERRITRONIX LIMITED”.
- Enter any of the following details.
- Application No./CAF No
- Beneficiary ID
- PAN Number
- Enter the captcha and click “Search”.
Merritronix IPO - Issue Details
Issue Type: Book Building IPO
Total Issue size: Agg. up to ₹70.03 crore
Fresh Issue: Up to 0.47 crore shares
Face Value: ₹10 per share
Price Band: ₹141 to ₹149 per share
Lot Size: 1,000 shares
Minimum Investment: ₹2,98,000 (2,000 shares)
Book Running Lead Managers: GYR Capital Advisors Private Limited.
Registrar: Bigshare Services Private Limited
Listing: BSE SME
Merritronix IPO Overall Subscription Status
|
Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
224.91 |
|
Non-Institutional Investors (NIIs) |
276.59 |
|
Individual Investors |
297.67 |
|
Total |
315.36x |
Merritronix IPO GMP
According to media reports, the Grey Market Premium (GMP) of Merritronix was ₹78 per share on the final day.
Utilisation of Merritronix IPO Proceeds
The Company will utilise the net proceeds from the Fresh Issue towards the following purposes:
- Capital expenditure towards purchase of machinery and equipment.
- Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company.
- General Corporate Purposes.
Check out newly listed IPOs on BSE and NSE.
Merritronix Limited Overview
Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) services provider focused on high-reliability electronic assemblies and systems for the defence, aerospace, telecommunications, and industrial sectors. Its offerings include PCB assembly, system integration, testing, box-build solutions, and turnkey electronics manufacturing.
With advanced Surface-Mount Technology (SMT) capabilities and an installed annual production capacity of over 20.9 lakh units, the company also provides obsolescence management, component sourcing, and engineering support for mission-critical electronic systems.
The company has delivered strong financial growth in recent years, with revenue from operations increasing from ₹113.6 crore in FY25 to ₹155.9 crore in FY26. During the same period, EBITDA margin improved from 13.31% to 17.4%, while profit after tax rose to ₹16.1 crore, reflecting improved scale, profitability, and operational efficiency.
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