Mumbai, June 8 -- The scrip was listed at Rs 283.10, a 90% premium the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 297.25 and a low of Rs 283.10. About 25.67 lakh shares of the company changed hands at the counter.

Merritronix's IPO was subscribed 293.31 times. The issue opened for bidding on 1 June 2026 and it closed on 3 June 2026. The price band of the IPO was fixed between Rs 141 to Rs 149 per share.

The IPO comprised 47,00,000 equity shares. The company intends to utilise the net proceeds for capital expenditure towards purchase of machinery and equipment, funding working capital requirements, repayment/ prepayment, in full or part, o...