Merritronix IPO
Merritronix IPO
Overview
Merritronix IPO is a book build issue of ₹70.03 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹70.03 crore. Merritronix IPO opens for subscription on Jun 1, 2026 and closes on Jun 3, 2026. The allotment for the Merritronix IPO is expected to be finalized on Jun 4, 2026. Merritronix IPO will list on the BSE SME with a tentative listing date fixed as Jun 8, 2026. Merritronix IPO is set issue price band at ₹141 to ₹149 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,98,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,47,000. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.
Total Shares
47,00,000
Issue Size
₹70 Cr
Price Band
₹141 – ₹149
Lot Size
1000 shares
Min. Investment
₹2,98,000
Max. Investment
₹2,98,000
Open Date
01 May, 2026
Close Date
03 Jun, 2026
Allotment
04 Jun, 2026
Listing
08 Jun, 2026
Max. Investment
₹2,98,000
Announced
01 May, 2026
Opening Date
01 May, 2026
Closing Date
03 Jun, 2026
Basis of Allotment
04 Jun, 2026
Initiation of Refunds
05 Jun, 2026
Credit of Shares
05 Jun, 2026
Listing Date
08 Jun, 2026
Live GMP
Est. Listing: ₹194
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About Merritronix IPO
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
Merritronix IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.8% increase in shares
Merritronix IPO Financial Health
Merritronix IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,98,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,47,000 |
| S-HNI (Max) | 7 | 7000 | ₹10,43,000 |
| B-HNI (Min) | 8 | 8000 | ₹11,92,000 |
(All values in CR)
Merritronix IPO Valuations
| Metric | Value |
|---|---|
| ROE | 46.03 |
| ROCE | 45.26 |
| Debt/Equity | 0.81 |
| RoNW | 30.66 |
| PAT Margin | 10.33 |
| EBITDA Margin | 17.42 |
| Price to Book Value | 3.59 |
(All values in CR)
Merritronix IPO Strength & Risk
Merritronix IPO – Strength
- Strong presence in defence, aerospace, telecom, and industrial electronics sectors
- Specializes in high-reliability and mission-critical electronic assemblies
- End-to-end ESDM services including PCB assembly, system integration, testing, and box-build solutions
- Approved vendor for defence and aerospace-related entities
- EN 9100:2018 certification strengthens credibility in aerospace and defence manufacturing
- Strong revenue and profit growth in recent years
- Improving EBITDA and PAT margins indicate operational efficiency
- In-house manufacturing capabilities with scalable production capacity
- Experienced promoters and technically skilled management team
- IPO proceeds aimed at machinery expansion, working capital, and debt reduction
- Beneficiary of India’s growing defence manufacturing and electronics sector push
Merritronix IPO – Risk
- SME IPO carries high volatility and low liquidity risk
- Heavy dependence on defence and industrial sector clients
- Customer concentration may impact revenue stability
- Business depends on winning competitive tenders and contracts
- Lack of long-term customer commitments can affect order visibility
- Any delay or cancellation of orders may hurt profitability
- Dependence on imported electronic components and semiconductor supply chains
- Rising raw material costs can pressure margins
- Strict quality compliance requirements increase operational risk
- Limited brand recognition due to B2B-focused business model
- High working capital requirements may affect cash flows during slowdowns
Merritronix IPO GMP
Merritronix SME IPO last GMP is ₹45, last updated May 21st 2026 09:01 AM. With the price band of 149.00, Merritronix SME IPO's estimated listing price is ₹194 (cap price + today's GMP).The expected percentage gain/loss per share is 30.20%. >> Merritronix SME IPO Retail Subject to Sauda: ₹34200
Last updated 21 May, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 21 May, 2026 | 194 | ₹45 | - | ₹194 (30.20%) | 45000 | 21 May, 2026 |
| 20 May, 2026 | 194 | ₹45 | - | ₹194 (30.20%) | 45000 | 20 May, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Merritronix IPO
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Find Merritronix IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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