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The Economic Times

Business

Akash Podishetti

Merritronix IPO opens for subscription today: Check GMP, price band and other details

The IPO of Merritronix will open for subscription on Monday, with grey market signals indicating a muted start for the SME issue. According to market trackers, the IPO was commanding a grey market premium (GMP) of 0% ahead of opening, indicating that the shares were trading around the upper end of the issue price in the unofficial market.

The BSE SME issue will remain open for subscription from June 1 to June 3. The allotment is expected to be finalized on June 4, while the shares are scheduled to list on June 8. The IPO is a book-built issue aggregating Rs 70 crore and consists entirely of a fresh issue of 47 lakh shares.

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