Merritronix IPO
Merritronix IPO Details
-
Open Date
01 Jun 2026
-
Close Date
03 Jun 2026
- IPO Price Range
₹ 141 to ₹149
- IPO Size
₹ 70.03 Cr
Merritronix IPO Timeline
Merritronix IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 01-Jun-2026 | 0.00 | 21.63 | 22.62 | 15.96 |
| 02-Jun-2026 | 3.09 | 107.11 | 89.25 | 68.52 |
| 03-Jun-2026 | 224.91 | 476.59 | 297.67 | 315.36 |
Last Updated: 03 June 2026 7:50 PM by 5paisa
Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company engaged in producing high-reliability, mission-critical electronic assemblies for defence, aerospace, telecom, and industrial sectors. The company provides end-to-end B2B services including component sourcing, PCB assembly, system integration, testing, box-build solutions, and delivery of finished electronic products. With a total installed capacity of 17,85,000 units annually and EN 9100:2018 certification, Merritronix serves clients across defence, aerospace, power, utilities, and heavy industries.
Established in: 1988
Managing Director: Mr. Dovari Amarnath.
Peers:
Centum Electronics Limited
Vinyas Innovative Technologies Limited
Merritronix Objectives
1. Capital expenditure on machinery and equipment worth ₹21.36 crore.
2. Funding working capital requirements amounting to ₹21.95 crore.
3. Repayment or prepayment of borrowings totaling ₹12.72 crore.
4. Allocation of funds towards general corporate purposes.
Merritronix IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹70.03 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹70.03 Cr |
Merritronix IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 2,82,000 |
| Retail (Max) | 2 | 2,000 | 2,98,000 |
| S - HNI (Min) | 3 | 3,000 | 4,23,000 |
| S - HNI (Max) | 6 | 6,000 | 8,94,000 |
| B - HNI (Min) | 7 | 7,000 | 9,87,000 |
Merritronix IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 224.91 | 8,92,000 | 20,06,16,000 | 2,989.18 |
| Non-Institutional Buyers | 476.59 | 6,72,000 | 32,02,71,000 | 4,772.04 |
| BNII | 563.33 | 2,12,000 | 25,23,72,000 | 3,760.34 |
| SNII | 303.12 | 2,24,000 | 6,78,99,000 | 1,011.70 |
| Individual Investors (IND category bidding for 2 Lots) | 297.67 | 15,64,000 | 46,55,58,000 | 6,936.81 |
| Total** | 315.36 | 31,28,000 | 98,64,45,000 | 14,698.03 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 85.70 | 113.56 | 155.90 |
| EBITDA | 6.73 | 15.18 | 27.22 |
| PAT | 3.05 | 8.66 | 16.10 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 55.84 | 67.68 | 122.73 |
| Share Capital | 1.45 | 1.45 | 12.78 |
| Total Liabilities | 68.44 | 74.18 | 154.40 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 4.53 | -6.64 | -23.38 |
| Net Cash Generated From / (used in) Investing Activities | -2.23 | 4.48 | -2.59 |
| Net Cash Generated From / (used in) Financing Activities | 0.27 | 0.74 | 41.15 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 2.58 | -1.42 | 15.18 |
Strengths
1. Strong presence in defence and aerospace electronics.
2. Certified manufacturing meeting global aerospace quality standards.
3. Diverse client base across multiple industrial sectors.
4. High installed production capacity supports scalable operations.
Weaknesses
1. Heavy dependence on defence and government contracts.
2. Operations may require continuous technology and equipment upgrades.
3. Limited consumer-facing presence reduces brand market visibility.
4. High compliance costs impact operational profit margins.
Opportunities
1. Rising domestic defence manufacturing boosts business opportunities.
2. Increasing aerospace demand supports long-term revenue growth.
3. Government incentives encourage indigenous electronics manufacturing expansion.
4. Export opportunities emerging in global defence supply chains.
Threats
1. Intense competition from established global ESDM manufacturers.
2. Supply chain disruptions may affect component availability.
3. Rapid technological changes require constant capability enhancements.
4. Policy changes could delay defence procurement decisions.
1. Strong positioning within India’s growing defence manufacturing sector.
2. Certified aerospace manufacturing capabilities enhance industry credibility.
3. Diversified industrial clientele supports stable revenue generation.
4. Expanding production capacity enables future business scalability.
Merritronix Limited operates in India’s rapidly expanding electronics manufacturing and defence ecosystem, benefiting from increasing localisation initiatives and rising defence expenditure. The company’s focus on mission-critical electronic assemblies positions it well within high-growth aerospace, telecom, and industrial segments. Growing government support for domestic ESDM manufacturing, coupled with opportunities in global supply chains, could strengthen future demand. Its certified manufacturing capabilities, diversified industrial clientele, and scalable production infrastructure provide a solid foundation for sustained long-term growth.
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FAQs
Merritronix IPO opens from June 2, 2026 to June 3, 2026.
The size of Merritronix IPO is ₹70.03 Cr.
The price band of Merritronix IPO is fixed at ₹141 to ₹149 per share.
To apply for Merritronix IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Merritronix. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Merritronix IPO is of 2,000 shares and the investment required is ₹2,82,000.
The share allotment date of Merritronix IPO is June 4,2026
The Merritronix IPO will likely be listed on June 8, 2026.
GYR Capital Advisors Pvt.Ltd is the book running lead managers for Merritronix IPO.
Merritronix IPO plans to utilise the raised capital from the IPO for:
1. Capital expenditure on machinery and equipment worth ₹21.36 crore.
2. Funding working capital requirements amounting to ₹21.95 crore.
3. Repayment or prepayment of borrowings totaling ₹12.72 crore.
4. Allocation of funds towards general corporate purposes.