Merritronix shares to list currently. GMP hints at staunch SME debut

Synopsis

Merritronix shares debuted with a 90% top class on the BSE SME platform, listing at Rs 283 against a topic price of Rs 149. The Rs 70 crore IPO saw overwhelming investor response, subscribed 315.36 instances overall. The firm, working in the defence and aerospace ESDM section, reported staunch monetary narrate, contributing to its stellar market debut.

Shares of Merritronix made a stellar market debut on Monday, listing at Rs 283 on the BSE SME platform, a top class of practically 90% over the disaster price of Rs 149 per piece.

The Rs 70 crore IPO used to be launch for subscription between June 1 and June 3. The disaster comprised an fully unique disaster of 47 lakh shares, with the firm raising capital basically for capability growth, working capital requirements and debt reimbursement.

Investor response used to be exceptionally staunch. The IPO used to be subscribed 315.36 instances overall, with the non-institutional investor category leading the inquire of at 476.59 instances, whereas the retail piece used to be subscribed 297.67 instances and the licensed institutional purchaser section attracted bids price 224.91 instances the shares on provide.

Before the final public disaster, the firm had raised practically Rs 19.9 crore from anchor traders.

Merritronix operates in the electronics systems originate and manufacturing (ESDM) section, specializing in high-reliability and mission-severe electronic merchandise frail across defence, aerospace and industrial applications.

The firm gives integrated manufacturing and originate abet services and products and largely caters to alternate-to-alternate possibilities. Its presence in defence and aerospace electronics has attracted investor attention amid rising coverage abet for domestic manufacturing and indigenisation of severe electronic systems.

Financial performance has furthermore supported investor interest. For FY26, the firm reported a 37% rise in revenue to Rs 156.3 crore, whereas profit after tax jumped 86% to Rs 16.1 crore. EBITDA increased to Rs 27.2 crore from Rs 15.2 crore a year earlier.

(Disclaimer: Suggestions, suggestions, views and opinions given by the consultants are their to find. These assemble no longer signify the views of The Financial Occasions)

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