· SME · BSE
Price Band
₹141–149
Lot Size
1000 shares
Issue Size
₹70 Cr
Min. Investment
₹1,49,000
Indicative, updates through the day
Cap price plus current GMP: ₹149 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Merritronix IPO is an SME issue that listed on BSE on 8 June 2026. The issue price band is fixed at ₹141–₹149 per equity share with a minimum market lot size of 1000 shares, bringing the total issue size to ₹70 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,49,000.
No meaningful grey market premium is actively quoted for Merritronix IPO at this stage. For an SME issue at this point in the timeline, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
The minimum investment for retail investors is one lot of 1000 shares (approx. ₹1,49,000 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is Bigshare Services Pvt. Ltd., with the basis of allotment finalised on 4 June 2026 and listing completed on 8 June 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹149
Listed At
₹283.1
Current Price
₹297.25
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.
Merritronix IPO raises ₹19.91 crore from anchor investors. Merritronix IPO Anchor bid date is May 29, 2026.
| 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% |
| 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 |
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
₹190Cr.
| 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 |
Merritronix Ltd. Address
Bigshare Services Pvt. Ltd.