Merritronix
· SME · BSE
Price Band
₹141–149
Lot Size
1000 shares
Issue Size
₹70 Cr
Min. Investment
₹1,49,000
Grey Market Premium
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Estimated listing price: ₹149
Subscription Status
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About Merritronix
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.
Issue Objectives
- 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 the Company
- General corporate purposes
- Issue expenses
Anchor Investors
Merritronix IPO raises ₹19.91 crore from anchor investors. Merritronix IPO Anchor bid date is May 29, 2026.
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 22,28,000 | 49.91% |
| − Anchor Investor | 13,36,000 | 0% |
| − QIB (Ex. Anchor) | 8,92,000 | 0% |
| NII (HNI) | 6,72,000 | 15.05% |
| − bNII > ₹10L | 4,48,000 | 0% |
| − sNII < ₹10L | 2,24,000 | 0% |
| Retail | 15,64,000 | 35.04% |
| Market Maker | 2,36,000 | 0% |
- QIB49.9%
- − Anchor Investor0.0%
- − QIB (Ex. Anchor)0.0%
- NII (HNI)15.0%
- − bNII > ₹10L0.0%
- − sNII < ₹10L0.0%
- Retail35.0%
- Market Maker0.0%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,98,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,47,000 |
| S-HNI (Max) | 6 | 6000 | ₹8,94,000 |
| B-HNI (Min) | 7 | 7000 | ₹10,43,000 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
12.60
EPS (Post IPO)
9.21
ROE
30.66%
P/E (Pre IPO)
11.83
P/E (Post IPO)
16.18
Price / Book
3.59
Market Cap
₹260.52 Cr.
Peers Comparison
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Adisoft Technologies Ltd. | 12.82 | ₹74.10 Cr | |
| Highness Microelectronics Ltd. | 16.7 | ₹21.67 Cr | |
| Tipco Engineering India Ltd. | 8.73 | ₹60.55 Cr | |
| Gabion Technologies India Ltd. | 12.18 | ₹29.16 Cr | |
| Admach Systems Ltd. | 19.56 | ₹42.60 Cr | |
| Apollo Techno Industries Ltd. | 9.43 | ₹47.96 Cr |
Contact Details
Merritronix Ltd. Address
- +91 8297912056
- cs@merritronix.com
- https://www.merritronix.com/
Registrar Contact Details
Bigshare Services Pvt. Ltd.
- +91 22 6263 8200
- ipo@bigshareonline.com
- https://bigshareonline.com
- Office No. S6-2, 6th Floor, Pinnacle Business Park, Andheri East, Mumbai – 400093
Frequently Asked Questions
Key Dates
- Open Date
- 01 Jun 2026
- Close Date
- 03 Jun 2026
- Listing Date
- 08 Jun 2026
Issue Details
- Registrar
- Bigshare Services
- Lead Manager(s)
- Exchange
- BSE