Merritronix IPO
Open SmeCurrent GMP
₹68 (+45.64%)
Price Band
₹ 141 – 149
Lot Size
1000
Issue Size
₹70 Cr
Minimum Investment
₹298000 (2000 Shares)
Listing Date
08 June 2026
Subscription
315.44x
About the Company
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.
Promoters
- Dovari Yesudas
- Dovari Amarnath
- Vanaja D
- Darsy Kethan Chandra
- Dovari Thaman
Promoters Holding
Holding Pre Issue
85.17%
Holding Post Issue
0.00%
Objects of the Issue
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
Address / Contact Info
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
IPO Timeline (Tentative)
IPO Open Date
Monday, 01 June 2026
IPO Close Date
Wednesday, 03 June 2026
Basis of Allotment
Thursday, 04 June 2026
Initiation of Refunds
Friday, 05 June 2026
Credit of Shares to Demat
Friday, 05 June 2026
Listing Date
Monday, 08 June 2026 — NSE & BSE
Important Dates
Open Date
01 June 2026
Close Date
03 June 2026
Basis Of Allotment
04 June 2026
Listing Date
08 June 2026
Financial Performance (₹ 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 |
EPS Pre
12.60%
EPS Post
9.21%
P/E Pre
11.83
P/E (Post Issue)
16.18x
Company Financial Information
KPI Information (₹ in Crores)
| 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 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 10.33 | 7.63 | 3.56 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 892000 | 28.52 | 0 |
| Non-Institutional | 672000 | 21.48 | 0 |
| BNII | 448000 | 14.32 | 0 |
| SNII | 224000 | 7.16 | 0 |
| Retail Investors | 1564000 | 50 | 0 |
| Total | 3128000 | 100 | 0 |
Subscription Status ( Wed, 03 Jun 26 01:36 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 892000 | 200616000 | 224.91x |
| Non-Institutional | 672000 | 320507000 | 476.94x |
| BNII | 448000 | 252608000 | 563.86x |
| SNII | 224000 | 67899000 | 303.12x |
| Retail Investors | 1564000 | 465558000 | 297.67x |
| Total | 3128000 | 986681000 | 315.44x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Merritronix Ltd | 10 | 0.00 | 13.92 | 13.92 | 30.66 | 41.56 |
| Centum Electronics Ltd | 10 | 0.00 | 0.00 | 0.00 | -15.09 | 233.36 |
| Vinyas Innovative Technologies Ltd | 10 | 62.85 | 15.43 | 15.43 | 13.22 | 116.77 |
Lot Size & Investment Details
| 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 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Merritronix IPO is a Book-building IPO worth ₹70 crores. The price band is ₹141 to 149 per share. The IPO opens on Mon, Jun 1, 2026 and closes on Wed, Jun 3, 2026. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Merritronix IPO opens on Mon, Jun 1, 2026 and closes on Wed, Jun 3, 2026
Merritronix IPO Price Band is ₹141 to 149.
Merritronix IPO lot size is 1000, and the minimum amount required for application is ₹298000.
The minimum investment for Merritronix IPO is approximately ₹298000 based on the upper price band.
To apply for the Merritronix IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Jun 3, 2026. After submission, funds are blocked until the basis of allotment of Merritronix IPO is finalised.
Merritronix IPO issue size is ₹70 crores.
Merritronix IPO allotment date is Sat, Jun 27, 2026.
The registrar for Merritronix IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Merritronix IPO through their official website or helpline.
The Merritronix IPO GMP (Grey Market Premium) is ₹68 as of Mon, Jun 8, 2026. Based on the upper price band of ₹149 per share, the estimated Merritronix IPO listing price is ₹217, indicating a potential listing gain of approximately 31% over the issue price.