Merritronix IPO Details
| IPO Open Date | June 1, 2026 |
| IPO Close Date | June 3, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹141 to ā¹149 Per Share |
| Issue Size | Approx ā¹70.03 Crores, 47,00,000 Equity Shares |
| Fresh Issue | Approx ā¹70.03 Crores, 47,00,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Merritronix IPO Review & Key Points
- Review: May Apply
Merritronix IPO Market Lot
The Merritronix IPO minimum market lot is 2,000 shares with ā¹2,98,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ā¹2,98,000 |
| Retail Maximum | 2 | 2,000 | ā¹2,98,000 |
| S-HNI Minimum | 3 | 3,000 | ā¹4,47,000 |
| S-HNI Maximum | 6 | 6,000 | ā¹8,94,000 |
| B-HNI Minimum | 7 | 7,000 | ā¹10,43,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 13,36,000 Shares | 28.43% |
| QIB (Ex. Anchor) | 8,92,000 Shares | 18.98% |
| NII Shares Offered | 6,72,000 Shares | 14.30% |
| Retail Shares Offered | 15,64,000 Shares | 33.28% |
Merritronix IPO Anchor Investors
| Anchor Bidding Date | May 26, 2026 |
| Anchor Investors List | |
| Shares Offered | 13,36,000 Shares |
| Anchor Size | 19.91 Cr. |
| lock-in period end date 50% shares (30 Days) | July 4, 2026 |
| lock-in period end date 50% shares (90 Days) | Sep 2, 2026 |
Merritronix IPO Dates
The Merritronix IPO date is June 1 and the close date is June 3. The Merritronix IPO allotment will be finalized on June 4 and the IPO listing on June 8.
| IPO Open Date: | June 1, 2026 |
| IPO Close Date: | June 3, 2026 |
| Basis of Allotment: | June 4, 2026 |
| Refunds: | June 5, 2026 |
| Credit to Demat Account: | June 5, 2026 |
| IPO Listing Date: | June 8, 2026 |
| IPO Bidding Cut-off Time: | June 3, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Dovari Yesudas, Dovari Amarnath, Vanaja D, Darsy Kethan Chandra and Dovari Thaman.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,27,84,854 | 85.17% |
| Promoter Holding Post Issue | 1,74,84,854 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Capital expenditure towards purchase of Machinery and equipment | ā¹21.36 |
| Funding working capital requirements | ā¹21.95 |
| Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company | ā¹12.72 |
| General corporate purposes | ā¹- |
About Merritronix IPO
Merritronix Limited, incorporated in October 1988, is an Electronics Systems Design and Manufacturing (ESDM) company that focuses on producing high-reliability and mission-critical electronic assemblies for sectors such as defence, aerospace, telecom, and industrial electronics.
The company provides B2B services, including sourcing of components, PCB assembly, system integration, testing, box building, and delivery of fully finished electronic products, all in compliance with Indiaās defence and aerospace standards.
As of December 31, 2025, its manufacturing facility has a total installed capacity of 17,85,000 units per year, which includes 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 and box-build operations aggregating to a total installed capacity of 17,85,000 production units per annum.
Merritronix IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ā¹86.01 | ā¹81.72 | ā¹3.05 | ā¹68.44 |
| 2025 | ā¹114.04 | ā¹101.64 | ā¹8.66 | ā¹74.18 |
| 2026 | ā¹156.25 | ā¹133.23 | ā¹16.10 | ā¹154.40 |
Merritronix IPO Valuation – FY2026
Check Merritronix IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 46.03% |
| ROCE: | 45.26% |
| EBITDA Margin: | 17.42% |
| PAT Margin: | 10.33% |
| Debt to equity ratio: | 0.81 |
| Earning Per Share (EPS): | ā¹13.92 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.66% |
| Net Asset Value (NAV): | ā¹41.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Centum Electronics Limited | NA | NA | 15.09 | 233.36 | 968.57 Cr. |
| Vinyas Innovative Technologies Limited | 15.43 | 62.85 | 13.22 | 116.77 | 400.15 Cr. |
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Pvt.Ltd.
Company Address
Merritronix Ltd.
C-22, Electronic Complex
Kushaiguda
Hyderabad, Telangana, 500062
Phone: +91 8297912056
Email: [email protected]
Website: https://www.merritronix.com/
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
Merritronix IPO FAQs
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Note: The Merritronix IPO price band and date are officially announced. The (Merritronix IPO grey market premium) will be added to the IPO GMP page as it will start).
4 Responses
I am so interested this ipo
I want to maximum this shares i invest it…
Is there any lock in period for retail individual investors.
I am agry
Hi Ajay,
Please share your concern.