Merritronix IPO Details
The Merritronix IPO is a book build issue with a total issue size of ₹70 cr, comprising of fresh issue of 4464000 equity shares. Merritronix IPO opened for subscription on Jun 01, 2026 and closed on Jun 03, 2026. Merritronix IPO is set price band at ₹141 to ₹149 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹298,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jun 04, 2026, and listed on both the NSE and BSE on Jun 08, 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar. GYR Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Merritronix IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 141 – 149
- Lot Size
- 1000
- Issue Size
- ₹70 Cr
- Minimum Investment
- ₹298000 (2000 Shares)
- Listing Date
- 08 June 2026
Current GMP
₹68 (+45.64%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- GYR Capital Advisors Private Limited
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 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.
The Merritronix IPO opens on Mon, Jun 1, 2026 and closes on Wed, Jun 3, 2026
Merritronix IPO Price Band is ₹141 to 149 per share.
Merritronix IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹298000 based on the upper price band
The minimum investment for Merritronix IPO is ₹298000, based on one lot of 1000 shares at the upper price band of ₹149 per share.
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.
Merritronix IPO issue size is ₹70 crores.
Merritronix IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.