Merritronix IPO
Electronics Manufacturing & Defence ESDM - Listed on 08 June 2026
Merritronix IPO listing summary
Merritronix (Electronics Manufacturing & Defence ESDM) closed its IPO window in 2026 and listed on NSE and BSE on 08 June 2026 at an upper band issue price of Rs 149, opening at Rs 283.1 for a listing gain of +90.0% and closing day one at Rs 297.5 (+99.7% on closing basis). The IPO was subscribed 315.42x overall - QIB 224.91x, HNI/NII 476.94x, Retail 297.64x. The total issue size was Rs 70.03 Cr (Fresh Issue Rs 70.03 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Merritronix IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 80 | +53.69% |
| Day 2 | Rs 85 | +58.39% |
| Day 3 | Rs 90 | +60.40% |
| Day 4 | Rs 40 | +26.85% |
| Day 5 | Rs 43 | +28.86% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Merritronix IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Merritronix IPO - FAQs
What was the listing gain of Merritronix IPO?
Merritronix IPO listed at +90.0% versus the upper issue price of Rs 149 on 08 June 2026.
How many times was Merritronix IPO subscribed?
Merritronix IPO was subscribed 315.42x overall. QIB portion was subscribed 224.91x, HNI / NII 476.94x and Retail 297.64x.
What was the IPO GMP for Merritronix?
IPO GMP started at Rs 80 on Day 1 and moved to Rs 43 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.