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GMP is an informal figure from outside SEBI's framework. Not investment advice.
Merritronix listed at +90.0% against its issue price of ₹149. The book is 315.36 times subscribed overall. The grey market premium is +₹68 (+45.6%), which is an informal figure and not a quoted price. Our call is Apply, on 89% of our checks.
3 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.