How to Check Merritronix IPO Allotment Status

Incorporated in October 1988, Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company specialising 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 electronic products, all to India's defence and aerospace standards. 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.

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's clients include those in defence, aerospace, electrical engineering, heavy industries, power, and utilities. As of March 31, 2026, the company had 57 employees in various departments.

Merritronix IPO is a book build issue of ₹70.03 crore, entirely comprising a fresh issue of 0.47 crore shares aggregating to ₹70.03 crore. The IPO opened on June 1, 2026, and closed on June 3, 2026. The allotment is expected on Thursday, June 4, 2026. The share price band was set at ₹141 to ₹149 per share.

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Steps to Check Merritronix IPO Allotment Status on Registrar Site

• Visit the Bigshare Services Pvt. Ltd.
• Select "Merritronix" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Merritronix IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Merritronix" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Merritronix IPO subscribed 315.35 times overall. Here is the category-wise breakdown as of 5:04:42 PM on June 3, 2026:

Merritronix IPO Subscription Status

• QIB Category (Ex Anchor): 224.91 times
• Non-Institutional Investors (NII): 476.59 times
• Individual Investors: 297.64 times

Merritronix IPO Share Price and Investment Details

The minimum investment required was ₹2,98,000 for 2 lots (2,000 shares) for individual investors. The issue raised ₹19.91 crore from anchor investors. The issue includes a reservation of up to 2,36,000 shares for the market maker, Giriraj Stock Broking Pvt. Ltd. The anchor investor lock-in period ends on July 4, 2026 for 50% of shares (30 days) and September 2, 2026 for the remaining shares (90 days). Given the overall subscription of 315.35 times with exceptional institutional interest at 224.91 times, robust NII participation at 476.59 times, and strong individual investor subscription at 297.64 times, the share price listing expectations remain highly positive.

Utilisation of IPO Proceeds

The proceeds will be utilised for capital expenditure towards purchase of machinery and equipment (₹21.36 crore), funding working capital requirements (₹21.95 crore), repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company (₹12.72 crore), and general corporate purposes.

Business Overview

Merritronix Limited is engaged in electronics systems design and manufacturing services, specialising in high-reliability, mission-critical products for defence, aerospace, and industrial electronics. The company largely operates in the B2B segment with its integrated manufacturing and design support electronic systems. The company marked growth in its top and bottom lines for the reported periods. Bumper profits from FY25 onwards raise eyebrows.

The company demonstrated strong financial performance with total income of ₹156.25 crore for FY2026 and a net worth of ₹52.52 crore as of March 31, 2026, with revenue growing 37% and PAT rising 86% year on year. The company benefits from three decades of operating legacy in mission-critical defence and aerospace electronics, an established track record in mission-critical programmes, strong capabilities in obsolescence management and lifecycle extension, modern SMT infrastructure and IPC-A-610 Class 3 assembly capability, a strong order book providing revenue visibility, and experienced promoters and senior management. However, investors should note the post-issue P/E ratio of 16.18 and Price to Book Value of 3.59.

Check the latest IPO allotment status to stay informed.