Merritronix Limited SME IPO: Price, GMP, Dates & Review

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Merritronix Limited IPO
ME
Merritronix Limited IPO
Electronics Systems Design & Manufacturing · Defence & Aerospace · Hyderabad Plant · AS9100D Certified
📋 SME IPO Fresh Issue BSE SME
₹149
Upper Price
₹70.03 Cr
Issue Size
Jun 8, 2026
Listing Date
₹260.52 Cr
Market Cap
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Monday, 1 June 2026
Bidding starts — apply before close
🔒
IPO Closes
Wednesday, 3 June 2026
Last day to bid — closes at 5:00 PM IST
📊
Thursday, 4 June 2026
Allotment finalised by registrar
🔄
Friday, 5 June 2026
Unallotted funds returned; shares credited to demat
🏷️
Monday, 8 June 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date1 June 2026 (Mon)
IPO Close Date3 June 2026 (Wed)
Listing Date8 June 2026 (Mon)
Face Value₹10 per share
Price Band₹141 to ₹149
Issue Price (Upper Band)₹149 per share
Issue TypeBook Build — Fresh Issue
Lot Size1,000 shares
Total Issue Size47,00,000 shares (₹70.03 Cr)
Fresh Issue47,00,000 shares (₹70.03 Cr)
Market Maker Shares2,36,000 shares
Pre-Issue Shares1,27,84,854
Post-Issue Shares1,74,84,854
Promoter Holding (Pre)85.17%
Lead ManagerGYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹149
Investor TypeLotsSharesAmount
Retail — Minimum & Maximum22,000₹2,98,000
S-HNI (sNII) — Min33,000₹4,47,000
S-HNI (sNII) — Max66,00,000₹8,94,000
B-HNI (bNII) — Min77,000₹10,43,000
⚠️ SME IPO Note: Minimum application for retail is 2 lots (2,000 shares = ₹2,98,000). Retail maximum limit is also 2 lots. Lot size is 1,000 shares; bids must be in multiples thereof.
👥 Investor Reservation
Total 47,00,000 shares
49.91%
QIB Portion
22,28,000 shares
35.04%
Retail (RII)
15,64,000 shares
15.05%
NII / HNI
6,72,000 shares
💡 Market Maker: Giriraj Stock Broking Pvt.Ltd. has been allocated 2,36,000 shares (5.02% of issue) to ensure liquidity post-listing.
📊 Live Subscription Status
Bidding Live

The Merritronix IPO is subscribed 4.98 times on June 1, 2026 12:09:42 PM (Day 1).

CategoryShares OfferedShares Bid ForSubscription (x)
QIB (Ex Anchor)8,92,00000.00x
NII / HNI6,72,00043,70,0006.50x
Retail Investors15,64,0001,12,06,0007.16x
Total Public31,28,0001,55,76,0004.98x

Total Applications: 6,580 · Market Maker portion excluded from NII.

📈 Company Financials
Restated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets154.4074.1868.44
Total Income156.25114.0486.01
PAT16.108.663.05
EBITDA27.2215.186.73
Net Worth52.5216.237.58
Total Borrowing43.2018.5715.82
Income Growth
FY 2024–25₹114.04 Cr
FY 2025–26₹156.25 Cr
🎯 Key Performance Indicators
46.03%
ROE
FY 2025–26
45.26%
ROCE
FY 2025–26
10.33%
PAT Margin
FY 2025–26
0.81
Debt/Equity
FY 2025–26
30.66%
RoNW
FY 2025–26
17.42%
EBITDA Margin
FY 2025–26
3.59x
Price/Book
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹12.60
FY26 earnings / pre-issue shares
P/E: 11.83x
Post-IPO EPS
₹9.21
FY26 earnings / post-issue shares
P/E: 16.18x
Price to Book Value
3.59x
At upper price band (FY26 book)
Market Cap (Post-IPO)
₹260.52 Cr
At upper price band ₹149
ℹ️ Pre-IPO EPS (₹12.60) based on pre-issue shareholding (1,27,84,854) and FY26 earnings. Post-IPO EPS (₹9.21) based on post-issue shareholding (1,74,84,854) and FY26 earnings.
🎯 Objects of the Issue
Net proceeds utilisation
1
Capital expenditure towards purchase of Machinery and equipment
₹21.36 Cr
2
Funding working capital requirements
₹21.95 Cr
3
Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company
₹12.72 Cr
4
General corporate purposes
₹4.01 Cr
Total Net Proceeds Target ₹56.04 Cr
🏢 About Merritronix Limited
Est. 1988 · Hyderabad, Telangana · Electronics Manufacturing Services

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 conforming to India’s defence and aerospace standards. Operating from its base in Hyderabad, the firm works under recognized industry benchmarks like the EN 9100:2018 validation protocol.

Competitive Strengths
✅Three decades of operating legacy in mission-critical defence and aerospace electronics
📍Established track record in strategic national defence and aerospace program applications
📋Modern SMT infrastructure, obsolescence management, and IPC-A-610 Class 3 assembly capabilities
👨‍💼Strong order book providing transparent revenue visibility backed by experienced promoters
Company Promoters
DY
Dovari Yesudas
Promoter, Merritronix Limited
DA
Dovari Amarnath
Promoter, Merritronix Limited
📅 Key Dates
IPO Opens1 June 2026
IPO Closes3 June 2026
Allotment4 June 2026
Refund & Share Credit5 June 2026
Listing Day8 June 2026
💡 Quick Summary
Price Band₹141 – ₹149
Issue Price₹149 / share
Lot Size1,000 shares
Min. Investment (Retail)₹2,98,000 (2 lots)
Issue Size₹70.03 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Bigshare Services Pvt.Ltd.
📞 +91-22-6263 8200
[email protected]
Lead Manager
GYR Capital Advisors Pvt.Ltd.
Market Maker
Giriraj Stock Broking Pvt.Ltd.
📍 Registered Address
Merritronix Ltd.
C-22, Electronic Complex, Kushaiguda,
Hyderabad, Telangana — 500062
📞 +91 8297912056
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Merritronix IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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