Merritronix IPO Day 2 Subscription Status: Issue Subscribed 33.35 Times
By HDFC SKY | Published at: Jun 2, 2026 12:37 PM IST
Merritronix IPO was subscribed 33.35 times by Day 2, led by strong demand from NII and retail investors, while the QIB portion remained under-subscribed.
Mumbai, June 2: Merritronix Limited’s initial public offering (IPO), valued at ₹70.03 crore, continued to attract strong investor participation on the second day of bidding. The book-built issue opened for subscription on June 1, 2026, and is scheduled to close on June 3, 2026.
The IPO comprises a fresh issue of 47 lakh equity shares aggregating to ₹70.03 crore. The company has fixed the price band at ₹141 to ₹149 per share, with investors required to apply for a minimum lot of 1,000 shares.
Merritronix IPO Day 2 Subscription Status
As of 12:04 PM on June 2, 2026 (Day 2), the Merritronix IPO was subscribed 33.35 times overall.
Category-wise Merritronix IPO Subscription Status
| Category | Subscription (x) |
| QIB (Ex Anchor) | 0.31 |
| NII/HNI | 46.39 |
| bNII (> ₹10 lakh) | 105.32 |
| sNII (< ₹10 lakh) | 39.48 |
| Retail Individual Investors | 46.59 |
| Total | 33.35 |
The issue received bids for 10,43,16,000 shares against 31,28,000 shares on offer in the net issue portion as of the stated timestamp.
Merritronix IPO Day-wise Subscription Summary
| Day | QIB (Ex Anchor) | NII/HNI | Retail | Total |
| Day 1 (June 1) | 0.00x | 21.63x | 22.62x | 15.96x |
| Day 2 (June 2, 12:04 PM) | 0.31x | 46.39x | 46.59x | 33.35x |
Investor demand strengthened on the second day of bidding, with the retail and NII segments recording substantial increases compared with Day 1 subscription levels.
Merritronix IPO Timeline
| Event | Date |
| IPO Open Date | June 1, 2026 |
| IPO Close Date | June 3, 2026 |
| Basis of Allotment | June 4, 2026 |
| Initiation of Refunds | June 5, 2026 |
| Credit of Shares | June 5, 2026 |
| Listing Date | June 8, 2026 |
Brief Overview Of The IPO
| Particulars | Details |
| Issue Size | ₹70.03 crore |
| Issue Type | Bookbuilding IPO |
| Fresh Issue | 47,00,000 shares |
| Price Band | ₹141 to ₹149 per share |
| Issue Price | ₹149 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
| Listing Exchange | BSE SME |
| Issue Period | June 1 to June 3, 2026 |
| Registrar | Bigshare Services Pvt. Ltd. |
| Book Running Lead Manager | GYR Capital Advisors Pvt. Ltd. |
Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company serving sectors including defence, aerospace, telecom and industrial electronics. The company provides services such as component sourcing, PCB assembly, system integration, testing, box-building and delivery of finished electronic products.
Source:
- https://www.bseindia.com/markets/publicissues/displayipo?id=4597&type=IPO&idtype=1&status=L&IPONo=7740&startdt=01%2F06%2F2026
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