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( As on 21/05/2026 07:00)

Merritronix announces launch of initial public offering

Merritronix Ltd. has announced public offering of 4700000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 139.00 per share. The gross proceeds of the issue are expected to be Rs 7,003.00 lakhs.

The company's initial public offer (IPO) will open on 01 June 2026 and is expected to close on 03 June 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 141.00-149.00 per share.

The IPO includes a fresh Issue of 4700000 Equity Shares of the Company at an price of Rs 149.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Merritronix Ltd. anticipates using the proceeds of the issue for .

GYR Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.