IPO Update: Merritronix IPO Surges +90% on BSE; Horizon Reclaim Closes Today | 16 Jun 2026, 10:00 AM IST
Key Highlights
Horizon Reclaim IPO closes for subscription today on NSE/BSE. Merritronix Ltd. delivered a strong 90% listing gain, while five new IPOs are expected this week.
Welcome to ThePip.in’s Update for Tuesday, 16 June 2026. Today marks the final day for investors to subscribe to Horizon Reclaim (India) Ltd.’s initial public offering. The primary market has also seen a flurry of activity with several recent listings, including Merritronix Ltd. delivering a significant gain for investors. Looking ahead, the pipeline remains active with multiple new issues set to open later this week, offering diverse opportunities across various sectors.
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Horizon Reclaim (India) Ltd., operating in the industrial sector, is currently open for subscription, with today, 16 June 2026, being the last day to apply. The issue price is set at ₹103 per share, with a minimum investment of ₹103 for one share. Investors interested in participating in this IPO should ensure their applications are submitted by the end of the day.
| Company | Issue Price | Subscription Window | |
|---|---|---|---|
| Horizon Reclaim (India) Ltd. | ₹103 per share | ₹103 (1 share) | 2026-06-12 → 2026-06-16 |
Recent Listings
The past week has been dynamic for newly listed companies on both and , showcasing a mixed bag of performances on their debut. This reflects the varying investor sentiment and market reception for different sectors and company fundamentals. Here’s a detailed look at how recent IPOs have fared:
| Company | Issue Price | Listing Price | Gain/Loss % | Per-lot Gain/Loss |
|---|---|---|---|---|
| Hexagon Nutrition Ltd. | ₹45 | ₹48 | +6.67% | ₹3 |
| Genxai Analytics Ltd. | ₹116 | — | — | — |
| Vahh Chemicals Ltd. | ₹60 | ₹70 | +16.67% | ₹10 |
| UHM Vacation Ltd. | ₹166 | ₹132.8 | −20.00% | −₹33.2 |
| CMR Green Technologies Ltd. | ₹192 | ₹275.4 | +43.44% | ₹83.4 |
| Merritronix Ltd. | ₹149 | ₹283.1 | +90.00% | ₹134.1 |
| Aureate Tradde Ltd. | ₹70 | ₹70 | +0.00% | ₹0 |
| SMR Jewels Ltd. | ₹128 | ₹102.95 | −19.57% | −₹25.05 |
| Rajnandini Fashion India Ltd. | ₹63 | ₹63 | +0.00% | ₹0 |
| Yaashvi Jewellers Ltd. | ₹83 | ₹83 | +0.00% | ₹0 |
Merritronix Ltd. stood out with a remarkable +90.00% gain on its listing day, translating to a substantial ₹134.1 per-lot gain for investors. CMR Green Technologies Ltd. also delivered a strong performance, listing at a +43.44% premium. On the other hand, UHM Vacation Ltd. and SMR Jewels Ltd. saw their shares list at a discount, with losses of −20.00% and −19.57% respectively, highlighting the inherent risks in IPO investments. Genxai Analytics Ltd. listed on 12 June 2026; however, its listing price and performance details are not available at this time.
Upcoming IPOs
The primary market is set to welcome five new issues opening for subscription later this week, starting from 17 June 2026. These upcoming IPOs offer a range of investment opportunities across diverse sectors, from pharmaceuticals and manufacturing to engineering services and consumer goods, catering to varied investor interests. The minimum investment amounts for these issues range from ₹23 to ₹321 per share, making them accessible to a broad base of retail investors.
| Company | Issue Price | Min. Investment | Expected Dates |
|---|---|---|---|
| Avience Biomedicals Ltd. | ₹208 per share | ₹208 (1 share) | 2026-06-18 → 2026-06-22 |
| Liotech Industries Ltd. | ₹321 per share | ₹321 (1 share) | 2026-06-17 → 2026-06-19 |
| Leapfrog Engineering Services Ltd. | ₹23 per share | ₹23 (1 share) | 2026-06-17 → 2026-06-19 |
| Diksha Polymers Ltd. | ₹112 per share | ₹112 (1 share) | 2026-06-17 → 2026-06-19 |
| Clay Craft India Ltd. | ₹203 per share | ₹203 (1 share) | 2026-06-17 → 2026-06-19 |
These five companies are poised to enter the market, providing investors with new avenues to explore. As always, potential investors are encouraged to conduct thorough due diligence and review the offer documents, including the red herring prospectus, before making any investment decisions. Understanding the company’s business model, financials, and risk factors is crucial.
The IPO pipeline remains robust, with one issue closing today and five new issues expected to open in the coming days, indicating continued and healthy activity in the Indian primary market. Stay tuned for more updates on these and other upcoming listings.