| IPO Date | June 1, 2026 to June 3, 2026 |
| Listing Date | June 8, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 141 to ₹ 149 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | 4700000 (Aggregating up to 70 ) |
| Fresh Issue | 4464000 (Aggregating up to 67 ) |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12784854 |
| Share holding post issue | 17484854 |
| Market Maker portion |
Merritronix IPO opens on June 1, 2026, and closes on June 3, 2026.
| IPO Open Date | June 1, 2026 |
| IPO Close Date | June 3, 2026 |
| Basis of Allotment | June 4, 2026 |
| Initiation of Refunds | June 5, 2026 |
| Credit of Shares to Demat | June 5, 2026 |
| Listing Date | June 8, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | Rs.298,000 |
| Retail (Max) | 2 | 2,000 | Rs.298,000 |
| S-HNI (Min) | 3 | 3,000 | Rs.447,000 |
| S-HNI (Max) | 6 | 6,000 | Rs.894,000 |
| B-HNI (Min) | 7 | 7,000 | Rs.1,043,000 |
| HNI (Min) |
| Share Holding Pre Issue | 12784854 |
| Share Holding Post Issue | 17484854 |
Merritronix IPO comprises a total issue size of 47,00,000 shares. The net offer to the public is 44,64,000 shares, after excluding 2,36,000 shares allotted on a firm basis. Of the Net offer 22,28,000 (49.91%) are allocated to QIB, 6,72,000 (15.05%) allocated to NII 15,64,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1336000 |
28.43 |
| Market Maker Shares Offered | 236000 |
5.02 |
| Other Shares Offered | |
|
| QIB Shares Offered | 2228000 49.91 |
47.40 |
| NII (HNI) Shares Offered | 672000 15.05 |
14.30 |
| bNII > ₹10L | 448000 |
9.53 |
| sNII < ₹10L | 224000 |
4.77 |
| Retail Shares Offered | 1564000 35.04 |
33.28 |
| Employee Shares Offered | |
|
| Total Shares Offered | 4700000 100.00 |
| Bid Date | 2026-05-29 |
| Shares Offered | 1336000 |
| Anchor Portion Size (In Cr.) | 19.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 3, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 1, 2026 |
Incorporated in October 1988, Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company specializing in high-reliability, mission-critical electronic assemblies for defence, aerospace, telecom, and industrial electronics.
It offers B2B services, including component sourcing, PCB assembly, system integration, testing, box-building, and delivery of finished electronics. products, all to India's defense and aerospace standards.
As of December 31, 2025, the company's manufacturing facility has an installed capacity of 7,65,000 boards for SMT assembly, 6,00,000 boards for Through-Hole Technology (THT) assembly, and 4,20,000 units for product assembly/box build, aggregating to a total installed capacity of 17,85,000 production units per annum.
The Company received EN 9100:2018 certification for manufacturing PCBAs for aerospace and defence, equivalent to AS 9100D, JISQ 9100:2016, and includes ISO 9001:2015 standards.
The company's clients include those in defence, aerospace, electrical engineering, heavy industries, power, and utilities.
As of March 31st, 2026, the company had 57 employees in various departments.
Competitive Strength
| KPI | Values |
|---|---|
| ROE | 46.03 |
| ROCE | 45.26 |
| Debt/Equity | 0.81 |
| RoNW | 30.66 |
| P/BV | 3.59 |
| PAT Margin (%) | 10.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.60 | 9.21 |
| P/E (x) | 11.83 | 16.18 |
Dovari Yesudas, Dovari Amarnath, Vanaja D, Darsy Kethan Chandra and Dovari Thaman
Merritronix Ltd. Address C-22, Electronic Complex Kushaiguda Hyderabad, Telangana, 500062
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