Merritronix IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
Founded in October 1988, Merritronix Limited is an Electronics System Design and Manufacturing (ESDM) company engaged in the production of high-reliability and mission-critical electronic assemblies catering to the defence, aerospace, telecom, and industrial electronics sectors.The company provides…
Open Date
Mon, 01 Jun 2026
Close Date
Wed, 03 Jun 2026
Price Band
₹ 141 – 149
Lot Size
1000
Issue Size
₹ 70.00 Cr
Minimum Investment
₹ 298,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Merritronix IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹70 Crore, comprising a fresh issue of 44.64 Lakh equity shares aggregating to ₹67.00 Crore.
The Merritronix IPO remained open for subscription from June 01, 2026, to June 03, 2026. The basis of allotment was finalized on June 04, 2026, and the company's shares were listed on BSE SME Platform on June 08, 2026.
The company had fixed the price band at ₹141 to ₹149 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹298,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Merritronix Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Merritronix IPO Timeline (Tentative)
- IPO Open Date
- Mon, 01 Jun 26
- IPO Close Date
- Wed, 03 Jun 26
- Basis of Allotment
- Thu, 04 Jun 26
- Initiation of Refunds
- Fri, 05 Jun 26
- Credit of Shares to Demat
- Fri, 05 Jun 26
- Listing Date
- Mon, 08 Jun 26 — NSE & BSE
Open Date
01 June 2026
Close Date
03 June 2026
Basis Of Allotment
04 June 2026
Listing Date
08 June 2026
IPO Subscription
Check Live Subscription →The Merritronix IPO has received bids for 98,66,81,000 shares against 31,28,000 shares offered, resulting in an overall subscription of 315.44x. the NII category is subscribed 476.94x, Retail Investors 297.67x, and QIBs 224.91x. Within the NII category, BNII is subscribed 563.86x, while SNII is subscribed 303.12x.
QIB
224.91x
NII
476.94x
BNII
563.86x
SNII
303.12x
RII
297.67x
Total
315.44x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 15,64,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,92,000 shares (28.52%), while Non-Institutional Investors (NIIs) receive 6,72,000 shares (21.48%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 892,000 | 28.52% |
| Non-Institutional | 672,000 | 21.48% |
| BNII | 448,000 | 14.32% |
| SNII | 224,000 | 7.16% |
| Retail Investors | 1,564,000 | 50% |
| Total | 3,128,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 154.4 | 74.18 | 68.44 |
| Revenue | 156.25 | 114.04 | 86.01 |
| Profit After Tax | 16.1 | 8.66 | 3.05 |
| Net Worth | 52.52 | 16.23 | 7.58 |
| Reserve & Surplus | 40.34 | 15.39 | 6.73 |
| Total Borrowings | 43.2 | 18.57 | 15.82 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Merritronix Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 46.03 | 69.21 | 45.82 |
| ROCE % | 45.26 | 66.21 | 43.13 |
| Debt / Equity | 0.81 | 1.1 | 1.93 |
| RoNW % | 30.66 | 53.34 | 40.27 |
| Pat Margin % | 10.33 | 7.63 | 3.56 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Merritronix Ltd | 10 | 0 | 13.92 | 13.92 | 30.66 | 41.56 |
| Centum Electronics Ltd | 10 | 0 | 0 | 0 | -15.09 | 233.36 |
| Vinyas Innovative Technologies Ltd | 10 | 62.85 | 15.43 | 15.43 | 13.22 | 116.77 |
About Merritronix Limited
Founded in October 1988, Merritronix Limited is an Electronics System Design and Manufacturing (ESDM) company engaged in the production of high-reliability and mission-critical electronic assemblies catering to the defence, aerospace, telecom, and industrial electronics sectors.
The company provides comprehensive B2B electronic manufacturing services, including component sourcing, PCB assembly, system integration, testing, box-build assembly, and delivery of fully integrated electronic products, in compliance with Indian defence and aerospace quality standards.
As of December 31, 2025, Merritronix Limited operated manufacturing facilities with an annual installed production capacity of:
- 7,65,000 boards for Surface Mount Technology (SMT) assembly
- 6,00,000 boards for Through-Hole Technology (THT) assembly
- 4,20,000 units for product assembly and box-build services
This aggregates to a total installed manufacturing capacity of 17,85,000 production units per annum.
The company has received EN 9100:2018 certification for manufacturing Printed Circuit Board Assemblies (PCBAs) for aerospace and defence applications. This certification is equivalent to AS 9100D and JISQ 9100:2016 standards and also incorporates ISO 9001:2015 quality management requirements.
Merritronix Limited serves clients across diverse sectors, including defence, aerospace, electrical engineering, heavy industries, power, and utilities.
As of March 31, 2026, the company employed 57 personnel across various operational and functional departments.
Merritronix IPO Promoters
- Dovari Yesudas
- Dovari Amarnath
- Vanaja D
- Darsy Kethan Chandra
- Dovari Thaman
Promoters Holding
Holding Pre Issue
85.17%
Holding Post Issue
0.00%
Merritronix IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital expenditure towards purchase of Machinery and equipment
- Funding working capital requirements
- Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company
- General corporate purposes
Merritronix Limited Address / Contact Details
Merritronix Ltd. Address
C-22, Electronic Complex
Kushaiguda
Hyderabad, Telangana, 500062
Telephone: +91 8297912056;
E-mail: cs@merritronix.com
Website:https://www.merritronix.com/
IPO Snapshot
Merritronix IPO Lot Size
The Merritronix IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,98,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,98,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 298,000.00 |
| Retail (Max) | 2 | 2,000 | 298,000.00 |
| S-HNI (Min) | 3 | 3,000 | 447,000.00 |
| S-HNI (Max) | 6 | 6,000 | 894,000.00 |
| B-HNI (Min) | 7 | 7,000 | 1,043,000.00 |
Issue Reservation
- QIB — 28.52%
- NII — 21.48%
- RII — 50%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Merritronix IPO?
Merritronix IPO is a Book-building IPO with a total issue size of ₹70 crore. The Merritronix IPO price band is ₹141 to 149 per share. The Merritronix IPO subscription opens on Mon, Jun 1, 2026, and closes on Wed, Jun 3, 2026. The Merritronix IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Merritronix IPO.
When will the Merritronix IPO open for subscription?
The Merritronix IPO opens on Mon, Jun 1, 2026 and closes on Wed, Jun 3, 2026
What is Merritronix IPO Price Band?
Merritronix IPO Price Band is ₹141 to 149 per share.
What is Merritronix IPO Lot Size?
Merritronix IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹298000 based on the upper price band
What is the minimum investment for Merritronix IPO?
The minimum investment for Merritronix IPO is ₹298000, based on one lot of 1000 shares at the upper price band of ₹149 per share.
How to apply for Merritronix IPO?
Investors can apply for the Merritronix IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jun 3, 2026. The application amount remains blocked until the Merritronix IPO allotment is finalized.
What is Merritronix IPO Issue Size?
Merritronix IPO issue size is ₹70 crores.
What is the Merritronix IPO Allotment Date?
Merritronix IPO allotment date is Thu, Jun 4, 2026.
Who is the Merritronix IPO Registrar?
The registrar for Merritronix IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Merritronix IPO allotment status, refund processing, and other IPO-related information.
What is the Merritronix IPO GMP?
The Merritronix IPO GMP (Grey Market Premium) is ₹45 as of Wed, May 20, 2026. Based on the upper price band of ₹149 per share, the estimated Merritronix IPO listing price is ₹194, indicating a potential listing gain of approximately 30.20% over the issue price.
Who is the Merritronix IPO Lead Manager?
The book-running lead managers (BRLMs) for the Merritronix IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Merritronix IPO Red Herring Prospectus (RHP).