Merritronix's initial public offering (IPO) opens for subscription today, June 1, and will remain available until June 3. The company has set a price band of ₹141-149 per share, with a minimum bid requirement of 2,000 shares, amounting to an investment of ₹2.98 lakh at the upper limit. The IPO aims to raise ₹70 crore through a fresh issue of 47 lakh shares. Prior to the opening, Merritronix secured ₹19.91 crore from anchor investors by allotting 13.36 lakh shares. The grey market premium (GMP) currently stands at 0%, indicating a muted start and cautious investor sentiment. Merritronix, established in 1988, specializes in electronics systems design and manufacturing, particularly for high-reliability applications in defence and aerospace sectors. The company holds EN 9100:2018 certification, ensuring compliance with stringent industry standards. The proceeds from the IPO will be utilized for business expansion and general corporate needs. Shares are expected to list on June 8.