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Explore the Day 1 subscription performance of Merritronix Ltd. IPO, including investor participation, price band details, important dates, issue structure, and the process to apply through ASBA or UPI.
The Merritronix Ltd. IPO opened for subscription on June 1, 2026, marking the company's entry into the SME public market. The company has launched a book-built public issue aimed at raising funds for capital expenditure, working capital requirements, debt repayment, and general corporate purposes.
The IPO is valued at ₹70.03 Crores and is being offered in a price band of ₹141 to ₹149 per share. The issue will remain open for subscription until June 3, 2026.
The Merritronix Ltd. IPO received a strong response from retail and non-institutional investors on its opening day. Investor participation was driven primarily by the retail segment, while institutional participation remained absent during the initial phase.
On the first day of bidding, the Merritronix Ltd. IPO was subscribed 12.12× overall.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
18.97× |
Non-Institutional Investors (NII) |
12.23× |
Total |
12.12× |
The retail investor category emerged as the strongest contributor on Day 1, crossing 13× subscription. Non-institutional investors also showed significant participation, helping the issue achieve strong overall demand on its opening day.
On the second day of bidding, the Merritronix Ltd. IPO witnessed a significant increase in investor participation across retail and non-institutional categories. The IPO was subscribed 49.09× overall, reflecting strong demand for the issue.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
2.89× |
Retail Individual Investors (RII) |
71.37× |
Non-Institutional Investors (NII) |
56.11× |
Total |
49.09× |
The retail investor segment emerged as the strongest contributor on Day 2, crossing 50× subscription. Non-institutional investors also showed robust participation with nearly 56× subscription, while QIB participation remained limited. The sharp rise in overall subscription compared to Day 1 indicates strong investor interest as the IPO progressed through its bidding period.
On the final day of bidding, the Merritronix Ltd. IPO continued to attract strong investor interest across all the categories. The IPO closed with an overall subscription of 254.97×, reflecting healthy demand throughout the subscription period.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
174.04× |
Retail Individual Investors (RII) |
264.45× |
Non-Institutional Investors (NII) |
318.16× |
Total |
254.97× |
The non-institutional investor category remained the strongest contributor on the final day, recording a subscription of more than 300×. Retail investors also showed robust participation with over 200× subscription. While QIB participation remained slightly lower, the strong response from retail and NII investors helped the IPO close with substantial overall demand.
The price band for the Merritronix Ltd. IPO has been fixed between ₹141 and ₹149 per share. Investors can bid for a minimum of 1 lot comprising 1,000 shares and in multiples thereof.
At the upper end of the price band, an application for one lot amounts to ₹1,49,000. Applications in higher investor categories require proportionately higher investment amounts based on the number of lots applied for.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Minimum) |
1 |
1,000 |
₹1,49,000 |
S-HNI (Minimum) |
2 |
2,000 |
₹2,98,000 |
The issue structure follows the standard SME lot-based application framework.
For detailed insights about the company, issue particulars, and the latest updates, visit the Merritronix IPO on Bajaj Markets.
The following timeline highlights the key milestones associated with the IPO process:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
June 1, 2026 |
Issue opens for subscription |
IPO Close Date |
June 3, 2026 |
Final day to submit bids |
Basis of Allotment |
June 4, 2026 |
Finalisation of allotment |
Refund Initiation |
June 5, 2026 |
Refunds for unallotted investors |
Credit of Shares to Demat |
June 5, 2026 |
Shares credited to successful applicants |
Listing Date |
June 8, 2026 |
Shares proposed to list on BSE SME |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Merritronix Ltd. IPO through ASBA-enabled bank accounts or via UPI-supported broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Merritronix Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Merritronix Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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Posted on Apr 10, 2026
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