Comparison between Gulf Lloyds IPO and Merritronix IPO.
Gulf Lloyds IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Merritronix IPO is a SME Bookbuilding proposed to list at BSE SME.
| Gulf Lloyds IPO | Merritronix IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Interactive Financial Services Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Prabhat Financial Services Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Gulf Lloyds IPO is up to ₹17.28 Cr whereas the issue size of the Merritronix IPO is up to ₹66.51 Cr. The final issue price of Gulf Lloyds IPO is ₹100.00 per share and of Merritronix IPO is ₹149.00 per share.
| Gulf Lloyds IPO | Merritronix IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹141.00 per share | |
| Issue Price (Upper) | ₹149.00 per share | |
| Issue Price (Final) | ₹100.00 per share | ₹149.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 17,28,000 shares | 44,64,000 shares |
| Fresh Issue Size (Amount) | up to ₹17.28 Cr | up to ₹66.51 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 17,28,000 shares | 44,64,000 shares |
| Issue Size Total (Amount) | up to ₹17.28 Cr | up to ₹66.51 Cr |
Gulf Lloyds IPO opens on Jul 20, 2026, while Merritronix IPO opens on Jun 01, 2026. The closing date of Gulf Lloyds IPO and Merritronix IPO is Jul 22, 2026, and Jun 03, 2026, respectively.
| Gulf Lloyds IPO | Merritronix IPO | |
|---|---|---|
| Anchor Bid Date | May 29, 2026 | |
| Issue Open | Jul 20, 2026 | Jun 01, 2026 |
| Issue Close | Jul 22, 2026 | Jun 03, 2026 |
| Basis Of Allotment (Tentative) | Jul 23, 2026 | Jun 04, 2026 |
| Initiation of Refunds (Tentative) | Jul 24, 2026 | Jun 05, 2026 |
| Credit of Share (Tentative) | Jul 24, 2026 | Jun 05, 2026 |
| Listing date (Tentative) | Jul 27, 2026 | Jun 08, 2026 |
| Anchor Lockin End date 1 | Jul 03, 2026 | |
| Anchor Lockin End date 2 | Sep 01, 2026 |
Gulf Lloyds IPO P/E ratio is 11.41, as compared to Merritronix IPO P/E ratio of 11.83.
| Gulf Lloyds IPO | Merritronix IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Merritronix Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 86% between the financial year ending with March 31, 2026 and March 31, 2025.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.94% | 85.17% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.92% | 62.28% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.41 | 11.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹67.29 Cr. | ₹260.52 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 37.49 | 46.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.88 | 45.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.15 | 0.81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.76 | ₹12.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 31.92 | 30.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gulf Lloyds IPO Retail Individual Investors (RII) are offered 8,64,000 shares while in Merritronix IPO retail investors are offered 8,64,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Gulf Lloyds IPO and 8,92,000 shares in Merritronix IPO.
| Gulf Lloyds IPO | Merritronix IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 13,36,000 shares |
| Market Maker Reservation | 91,200 shares | 2,36,000 shares |
| QIB | 0 shares | 8,92,000 shares |
| NII | 8,64,000 shares | 6,72,000 shares |
| RII | 8,64,000 shares | 15,64,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 17,28,000 shares | 44,64,000 shares |
Gulf Lloyds IPO subscribed 10.85x in total, whereas Merritronix IPO subscribed 220.98x.
| Gulf Lloyds IPO | Merritronix IPO | |
|---|---|---|
| QIB (times) | 224.91x | |
| NII (times) | 2.86x | 476.59x |
| Big NII (times) | 563.33x | |
| Small NII (times) | 303.12x | |
| RII (times) | 18.83x | 297.67x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 10.85x | 220.98x |
