Merritronix
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Merritronix IPO Market Lot
- 06 Merritronix IPO Details
- 07 Merritronix IPO Reservation
- 08 Merritronix IPO Anchor Investors
- 09 Merritronix IPO Dates
- 10 Promoters and Holding Pattern
- 11 Objects of the Issue & Utilisation of Proceeds
- 12 About Merritronix IPO
- 13 About Merritronix IPO
- 14 Merritronix IPO Company Financial Report
- 15 Merritronix IPO Valuation – FY2026
- 16 Peer Group Comparison
- 17 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 02 Jun 2026 | ₹90.00 | +₹90.00 | 60.40% |
| 29 May 2026 | ₹0.00 | - | 0.00% |
| 25 May 2026 | ₹0.00 | - | 0.00% |
Merritronix IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹298,000 |
| Retail Maximum | 2 | 2,000 | ₹298,000 |
| S-HNI Minimum | 3 | 3,000 | ₹447,000 |
| S-HNI Maximum | 6 | 6,000 | ₹894,000 |
| B-HNI Minimum | 7 | 7,000 | ₹1,043,000 |
Merritronix IPO DETAILS
| Particulars | Details |
|---|---|
| IPO Open Date | June 1, 2026 |
| IPO Close Date | June 3, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹141 to ₹149 Per Share |
| Issue Size | Approx ₹70.03 Crores, 47,00,000 Equity Shares |
| Fresh Issue | Approx ₹70.03 Crores, 47,00,000 Equity Shares |
| Offer for Sale | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Merritronix 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
| Particulars | Details |
|---|---|
| Anchor Bidding Date | [.] 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date (50% Shares - 30 Days) | 2026 |
| Lock-in Period End Date (50% Shares - 90 Days) | 2026 |
Merritronix IPO DATES
The Merritronix IPO opens on June 1, 2026 and closes on June 3, 2026. The basis of allotment is expected to be finalized on June 4, 2026, while the shares are scheduled to be listed on the BSE SME platform on June 8, 2026.
| Event | Date |
|---|---|
| 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 – 5:00 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 | Amount (₹ Crores) |
|---|---|
| Capital Expenditure Towards Purchase of Machinery and Equipment | ₹21.36 |
| Funding Working Capital Requirements | ₹21.95 |
| Repayment / Prepayment, in Full or Part, of All or Certain Outstanding Borrowings Availed by the Company | ₹12.72 |
| General Corporate Purposes | ₹- |
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 India’s 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.
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 India’s 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 ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹86.01 | ₹81.72 | ₹3.05 | ₹68.44 |
| 2025 | ₹114.04 | ₹101.64 | ₹8.66 | ₹74.18 |
| 2026 | ₹156.25 | ₹133.23 | ₹16.10 | ₹154.40 |
Merritronix IPO Valuation – FY2026
Check Merritronix IPO valuation details including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and other important financial performance indicators.
| 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) | ₹13.92 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 30.66% |
| Net Asset Value (NAV) | ₹41.56 |
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.