Merritronix SME IPO Subscription Status
Merritronix SME IPO closed on 3 June 2026 with an overall subscription of 315.44x based on shares applied. QIB demand came in at 224.91x, NII at 476.94x, and retail at 297.67x.
Allotment will be finalised on 4 June 2026. The stock is scheduled to list on NSE and BSE on 8 June 2026.
Issue Price
Rs 149.00
GMP Today
Rs 68.00 (+45.64%)
Overall Subscription
315.44x
Issue Size
₹70.03 Cr
Allotment Date
4 Jun 2026
Listing Date
8 Jun 2026
Merritronix SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 149.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 13.29 Cr | Rs 2,989.18 Cr | 224.91x |
| FII | - | Rs 566.59 Cr | - |
| DFI | - | Rs 438.89 Cr | - |
| Mutual Funds | - | Rs 25.99 Cr | - |
| Other | - | Rs 1,957.71 Cr | - |
| NII | Rs 10.01 Cr | Rs 4,775.55 Cr | 476.94x |
| bNII (above Rs 10L) | Rs 6.68 Cr | Rs 3,763.86 Cr | 563.86x |
| Corporate | - | Rs 51.45 Cr | - |
| Individual | - | Rs 3,673.36 Cr | - |
| Other | - | Rs 39.05 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 3.34 Cr | Rs 1,011.70 Cr | 303.12x |
| Corporate | - | Rs 6.87 Cr | - |
| Individual | - | Rs 988.39 Cr | - |
| Other | - | Rs 16.43 Cr | - |
| IND | Rs 23.30 Cr | Rs 6,936.81 Cr | 297.67x |
| Fixed price | - | Rs 6,936.81 Cr | - |
| Total | Rs 46.61 Cr | Rs 14,701.55 Cr | 315.44x |
Merritronix SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 892 | 170 | 0.19x |
| FII | - | 41 | - |
| DFI | - | 13 | - |
| Mutual Funds | - | 2 | - |
| Other | - | 114 | - |
| NII | 224 | 54,557 | 243.56x |
| bNII (above Rs 10L) | 149 | 33,399 | 224.15x |
| Corporate | - | 426 | - |
| Individual | - | 32,623 | - |
| Other | - | 350 | - |
| sNII (Rs 2L to Rs 10L) | 75 | 21,158 | 282.11x |
| Corporate | - | 145 | - |
| Individual | - | 20,668 | - |
| Other | - | 345 | - |
| IND | 782 | 2,32,779 | 297.67x |
| Fixed price | - | 2,32,779 | - |
| Total | 1,898 | 2,87,506 | 151.48x |
What Do These Subscription Numbers Mean?
A subscription of 315.44x by shares means the IPO received bids for 315 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 224.91x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 224.91x, it reflects serious institutional conviction.
NII at 243.56x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 224.15x and sNII at 282.11x by applications. Share subscription was 476.94x. Allotment uses application count, not share volume.
At 297.67x subscription by applications, approximately 1 in 298 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Merritronix SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 297.67x.
- •Allotment odds: about 1 in 298 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 282.11x.
- •Allotment odds: about 1 in 282 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 303.12x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 224.15x.
- •Allotment odds: about 1 in 224 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 563.86x. Allotment uses application count, not share volume.
Check the Merritronix SME IPO Allotment Status page from 4 June 2026 for your allotment result.
Merritronix SME IPO GMP After Subscription
GMP for Merritronix SME stands at Rs 68.00 today, giving an estimated listing price of Rs 217.00 per share.
The GMP has moved up from Rs 45.00 on 20 May 2026 to Rs 75.00 on 4 Jun 2026.
A subscription of 315.44x combined with a GMP of 45.64% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Merritronix SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Merritronix SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 1 Jun 2026 | 0.00x | 21.63x | 22.62x | 15.96x |
| Day 2 - 2 Jun 2026 | 3.09x | 107.11x | 89.25x | 68.52x |
| Day 3 - 3 Jun 2026 | 224.91x | 476.59x | 297.67x | 315.36x |
Merritronix SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 1 June 2026 |
| IPO Close Date | 3 June 2026 |
| Allotment Date | 4 June 2026 |
| Refund Initiation | 5 June 2026 |
| Share Credit to Demat | 5 June 2026 |
| Listing Date | 8 June 2026 |
| Minimum Investment | Rs 2,98,000.00 |
| Lot Size | 1000 shares |
About Merritronix SME
Merritronix Limited, established in 1988, is an Electronic Systems Design and Manufacturing (ESDM) enterprise specializing in high-reliability, mission-critical electronic assemblies. The company operates entirely in the B2B segment, providing end-to-end solutions that encompass component sourcing, printed circuit board assembly (PCBA), system integration, functional testing, and full box-build product deployment. Merritronix caters to demanding sectors including defence, aerospace, telecommunications, and industrial electronics, operating from an EN 9100:2018 certified facility in Hyderabad, Telangana, with an aggregate installed capacity of 17.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Merritronix SME IPO Subscription FAQs
What is Merritronix SME IPO subscription status today?
Merritronix SME IPO subscription closed on 3 June 2026 with overall subscription of 315.44x (by shares) as of 17 July 2026, 3:17 AM IST. QIB 224.91x, NII 243.56x, IND 297.67x.
What is the overall subscription of Merritronix SME IPO?
Merritronix SME IPO is subscribed 315.44x overall by shares at close on 3 June 2026. QIB 224.91x, NII 243.56x, and IND 297.67x.
What is Merritronix SME IPO QIB subscription?
Merritronix SME IPO QIB (Qualified Institutional Buyers) subscription is 224.91x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Merritronix SME IPO IND subscription?
Merritronix SME IPO IND subscription is 297.67x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Merritronix SME IPO NII subscription?
Merritronix SME IPO NII (Non-Institutional Investors) subscription is 243.56x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Merritronix SME IPO for retail?
At 297.67x subscription by applications, approximately 1 in 298 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Merritronix SME IPO allotment date?
Merritronix SME IPO allotment date is 4 June 2026. Check Merritronix SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Merritronix SME IPO subscription close?
Merritronix SME IPO subscription closed on 3 June 2026. No new applications are accepted after the close.
What is Merritronix SME IPO GMP today?
Merritronix SME IPO GMP is ₹68 today (+45.64% over issue price ₹149). See live GMP on the Merritronix SME IPO GMP Today page.
What is Merritronix SME IPO issue price and lot size?
Merritronix SME IPO issue price is ₹149 per share. Lot size is 1000 shares. Minimum investment is ₹2,98,000 per lot (minimum 2 lots for SME). Issue size: ₹70.03 Cr.
When is Merritronix SME IPO listing date?
Merritronix SME IPO listing date is 8 June 2026 on NSE and BSE. Allotment is on 4 June 2026.
How does subscription affect Merritronix SME IPO allotment?
Allotment odds in Merritronix SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 243.56x by applications means roughly 1 in 244 for minimum-lot bids; bNII at 224.15x (~1 in 224). At 315.44x overall, competition is very high.
For allotment results from 4 June 2026, visit the Merritronix SME IPO Allotment Status page. For listing day updates on 8 June 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.