IPO Update: Merritronix Lists +90% on BSE; Six Issues Open Today | 18 Jun 2026, 10:00 AM IST
By Sivam
Six IPOs are currently open for subscription on NSE and BSE, with windows closing soon for some. Merritronix Ltd. saw a significant +90.00% listing gain.
The Indian primary market continues its busy pace this Thursday, June 18, 2026, offering investors a range of opportunities. Currently, six initial public offerings (IPOs) are open for subscription across both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). This update provides a comprehensive overview of these ongoing issues, recent listing performances, and upcoming IPOs to help investors navigate the market.
Recent Listings Show Varied Performance
The past week has seen several companies make their debut on the bourses, with listing performances offering a mixed bag of results. Merritronix Ltd. led the gains with a substantial premium, while a few others faced discounts. Investors closely watch these initial performances as an indicator of market sentiment.
| Company | Issue Price | Listing Price | Gain/Loss % | Per-Lot Gain/Loss |
|---|---|---|---|---|
| Merritronix Ltd. | ₹149 | ₹283.1 | +90.00% | ₹134.1 |
| CMR Green Technologies Ltd. | ₹192 | ₹275.4 | +43.44% | ₹83.4 |
| Vahh Chemicals Ltd. | ₹60 | ₹70 | +16.67% | ₹10 |
| Hexagon Nutrition Ltd. | ₹45 | ₹48 | +6.67% | ₹3 |
| Aureate Tradde Ltd. | ₹70 | ₹70 | +0.00% | ₹0 |
| Rajnandini Fashion India Ltd. | ₹63 | ₹63 | +0.00% | ₹0 |
| SMR Jewels Ltd. | ₹128 | ₹102.95 | −19.57% | ₹25.05 |
| UHM Vacation Ltd. | ₹166 | ₹132.8 | −20.00% | ₹33.2 |
| Utkal Speciality Industries India Ltd. | ₹66 | Not Available | Not Available | Not Available |
| Genxai Analytics Ltd. | ₹116 | Not Available | Not Available | Not Available |
Merritronix Ltd. delivered an impressive listing gain of +90.00% on June 8, turning an investment of ₹149 per share into ₹283.1. Similarly, CMR Green Technologies Ltd. saw a solid +43.44% gain. However, UHM Vacation Ltd. and SMR Jewels Ltd. listed at discounts of −20.00% and −19.57% respectively, indicating that not all debuts guarantee positive returns. Listing data for Utkal Speciality Industries India Ltd. and Genxai Analytics Ltd. is yet to be fully disclosed.
Six IPOs Currently Open for Subscription
Investors have a busy window this week with six IPOs currently accepting bids. Two new issues, Riyaasat Lifestyle Ltd. and Avience Biomedicals Ltd., opened today, June 18, and will remain open until June 22. Four other issues, including Liotech Industries Ltd. and Clay Craft India Ltd., are in their final days of subscription, closing on June 19.
| Company | Issue Price | Min. Investment | Subscription Window |
|---|---|---|---|
| Riyaasat Lifestyle Ltd. | ₹108 | ₹108 | 2026-06-18 → 2026-06-22 |
| Avience Biomedicals Ltd. | ₹208 | ₹208 | 2026-06-18 → 2026-06-22 |
| Liotech Industries Ltd. | ₹321 | ₹321 | 2026-06-17 → 2026-06-19 |
| Leapfrog Engineering Services Ltd. | ₹23 | ₹23 | 2026-06-17 → 2026-06-19 |
| Diksha Polymers Ltd. | ₹112 | ₹112 | 2026-06-17 → 2026-06-19 |
| Clay Craft India Ltd. | ₹203 | ₹203 | 2026-06-17 → 2026-06-19 |
These issues represent diverse sectors, from lifestyle products and biomedicals to industrial and engineering services. The minimum investment for these IPOs, based on a lot size of one share, ranges from ₹23 for Leapfrog Engineering Services Ltd. to ₹321 for Liotech Industries Ltd. Investors should review the offer documents for detailed information before making any decisions.
Upcoming IPOs in the Pipeline
Looking ahead, the primary market anticipates five new IPOs expected to open for subscription in the coming days. These upcoming issues offer further opportunities for investors seeking to participate in new listings.
| Company | Issue Price | Min. Investment | Expected Dates |
|---|---|---|---|
| Anubhav Plast Ltd. | ₹80 | ₹80 | 2026-06-19 → 2026-06-23 |
| Turtlemint Fintech Solutions Ltd. | ₹152 | ₹152 | 2026-06-19 → 2026-06-23 |
| Shreedhar Spinners Ltd | ₹53 | ₹53 | 2026-06-23 → 2026-06-25 |
| Advit Jewels Ltd. | ₹138 | ₹138 | 2026-06-23 → 2026-06-25 |
| Dhanwel Hybrid Seeds Ltd. | ₹99 | ₹99 | 2026-06-24 → 2026-06-29 |
Anubhav Plast Ltd. and Turtlemint Fintech Solutions Ltd. are expected to kick off their subscription periods tomorrow, June 19. Further issues from Shreedhar Spinners Ltd., Advit Jewels Ltd., and Dhanwel Hybrid Seeds Ltd. are slated for next week. Each of these upcoming IPOs presents a new avenue for investors to consider.
The Indian IPO market remains vibrant, with a steady flow of new issues and recent listings providing a dynamic environment. Investors are encouraged to conduct thorough due diligence and consult financial advisors to understand the risks and opportunities associated with these primary market offerings.