Merritronix IPO Subscribed 315.35 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 4th June 2026 - 09:49 am
Merritronix Limited's initial public offering (IPO) closed its three-day subscription window with exceptional investor interest, reaching 315.35 times overall subscription by 5:04 PM on Day 3 (June 3, 2026). The ₹70.03 crore book-build issue, priced at ₹141 to ₹149 per share, received bids for 98,64,00,000 shares against 31,28,000 shares on offer, with total applications reaching 2,88,809.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Merritronix IPO
| Date | QIB | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1(June 1) | 0.00 | 21.63 | 22.62 | 15.96 |
| Day 2 (June 2) | 3.09 | 107.11 | 89.25 | 68.52 |
| Day 2 (June 3) | 224.91 | 476.59 | 297.64 | 315.35 |
Here are the subscription details for Merritronix IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 13,36,000 | 13,36,000 | 19.91 |
| Market Maker | 1.00 | 2,36,000 | 2,36,000 | 3.52 |
| QIB | 224.91 | 8,92,000 | 20,06,16,000 | 2,989.18 |
| NII | 476.59 | 6,72,000 | 32,02,68,000 | 4,771.99 |
| Individual Investors | 297.64 | 15,64,000 | 46,55,16,000 | 6,936.19 |
| Total | 315.35 | 31,28,000 | 98,64,00,000 | 14,697.36 |
Key Highlights – Day 3
- Overall subscription surged to 315.35 times on the final day, from Day 2's 68.52 times, driven by a sharp last-day surge across all investor categories.
- Non-institutional investors led with exceptional demand at 476.59 times, surging from Day 2's 107.11 times, with bNII at 563.33 times and sNII at 303.11 times, reflecting extraordinary HNI appetite for this defence and aerospace electronics SME IPO.
- Qualified institutional buyers (ex-anchor) surged to 224.91 times from Day 2's 3.09 times, indicating heavy institutional interest concentrated on the closing day.
- Individual investors recorded strong participation at 297.64 times, surging from Day 2's 89.25 times.
Key Highlights – Day 2
- Overall subscription reached 68.52 times, surging from Day 1's 15.96 times.
- Non-institutional investors surged to 107.11 times from Day 1's 21.63 times, with bNII at 122.00 times and sNII at 77.33 times.
- Individual investors improved to 89.25 times from Day 1's 22.62 times.
- Qualified institutional buyers (ex-anchor) crossed full subscription at 3.09 times, entering the issue on Day 2 after showing no participation on Day 1.
Key Highlights - Day 1
- Overall subscription reached 15.96 times on Day 1 (June 1, 2026), reflecting strong initial investor interest in this defence and aerospace electronics SME IPO.
- Individual investors led opening participation at 22.62 times on Day 1.
- Non-institutional investors recorded strong demand at 21.63 times, with bNII at 49.49 times and sNII at 18.05 times on Day 1.
- Qualified institutional buyers (ex-anchor) showed no participation on Day 1.
- Anchor investors fully subscribed their allocation of ₹19.91 crores on May 29, 2026.
About Merritronix Limited
Incorporated in October 1988, Merritronix Limited is an Electronics Systems Design and Manufacturing company specialising in high-reliability, mission-critical electronic assemblies for defence, aerospace, telecom, and industrial electronics. The company offers component sourcing, PCB assembly, system integration, testing, box-building, and delivery of finished electronics on a B2B basis, and holds EN 9100:2018 certification for aerospace and defence manufacturing.
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