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.