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The Economic Times
The Economic Times
Business
Akash Podishetti

Stellar debut! Merritronix shares list at 90% premium on BSE SME platform

Shares of Merritronix made a stellar market debut on Monday, listing at Rs 283 on the BSE SME platform, a premium of nearly 90% over the issue price of Rs 149 per share.

The Rs 70 crore IPO was open for subscription between June 1 and June 3. The issue comprised an entirely fresh issue of 47 lakh shares, with the company raising capital primarily for capacity expansion, working capital requirements and debt repayment.

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