IPO Update: Merritronix Lists at +90% as Two IPOs Close Today on NSE/BSE | 23 Jun 2026, 10:00 AM IST
By Sivam
Four IPOs are currently open for subscription, with two concluding today, June 23, 2026. Merritronix Ltd. saw a significant listing gain of +90.00% last week.
As Tuesday, June 23, 2026, unfolds, the Indian primary market remains active with several opportunities for investors. Today marks the final day of subscription for two ongoing IPOs, while three new issues begin their bidding period. The market also saw notable listing performances last week, with some significant gains and a few declines.
Open for Subscription
As of Tuesday, June 23, 2026, the primary market presents a dynamic landscape with several IPOs currently accepting bids. Today marks the final day for investors to participate in the public offerings of Turtlemint Fintech Solutions Ltd. and Anubhav Plast Ltd. Simultaneously, three new IPOs — Waterways Leisure Tourism Ltd., Advit Jewels Ltd., and Shreedhar Spinners Ltd. — commence their subscription periods, running until June 25, 2026. Investors should note that Avience Biomedicals Ltd. and Riyaasat Lifestyle Ltd. concluded their bidding yesterday, June 22, 2026.
| Company | Issue Price | Min. Investment | Subscription Window |
|---|---|---|---|
| Turtlemint Fintech Solutions Ltd. | ₹152 per share | ₹152 | 2026-06-19 → 2026-06-23 |
| Anubhav Plast Ltd. | ₹80 per share | ₹80 | 2026-06-19 → 2026-06-23 |
| Waterways Leisure Tourism Ltd. | ₹808 per share | ₹808 | 2026-06-23 → 2026-06-25 |
| Advit Jewels Ltd. | ₹138 per share | ₹138 | 2026-06-23 → 2026-06-25 |
| Shreedhar Spinners Ltd | ₹53 per share | ₹53 | 2026-06-23 → 2026-06-25 |
Recent Listings
The last seven days have been eventful for investors tracking IPO listings, showcasing a broad spectrum of market responses. Merritronix Ltd. delivered an exceptional performance, nearly doubling its issue price, setting a high benchmark for recent debuts. Other companies like Horizon Reclaim and Susan Electricals also posted impressive gains, indicating strong investor confidence in certain sectors. However, not all listings yielded positive returns, with UHM Vacation Ltd. experiencing a notable decline from its issue price. Several other companies also made their market entry, with their initial trading performance now visible for analysis.
| Company | Issue Price | Listing Price | Gain/Loss (%) | Per-lot Gain/Loss |
|---|---|---|---|---|
| Horizon Reclaim (India) Ltd. | ₹103 | ₹151 | +46.60% | +₹48 |
| Susan Electricals India Ltd. | ₹127 | ₹186 | +46.46% | +₹59 |
| Utkal Speciality Industries India Ltd. | ₹66 | N/A | N/A | N/A |
| Genxai Analytics Ltd. | ₹116 | N/A | N/A | N/A |
| Hexagon Nutrition Ltd. | ₹45 | ₹48 | +6.67% | +₹3 |
| 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 |
Upcoming IPOs
Beyond the current and recently listed issues, the IPO pipeline continues to build, offering a glimpse into future investment avenues. Two more companies are set to launch their public offerings later this week, expanding the choices available to retail and institutional investors. These upcoming issues will provide additional opportunities for market participants to evaluate potential growth stories and diversify their portfolios.
| Company | Issue Price | Min. Investment | Expected Dates |
|---|---|---|---|
| CSM Technologies Ltd. | ₹113 per share | ₹113 | 2026-06-24 → 2026-06-29 |
| Dhanwel Hybrid Seeds Ltd. | ₹99 per share | ₹99 | 2026-06-24 → 2026-06-29 |
The Indian primary market continues to offer a diverse range of opportunities, with several issues currently open, recent listings showing varied performance, and a robust pipeline of upcoming IPOs. Investors are encouraged to review the details of each offering to align with their investment strategies.