SME
IPO ·
BSE SME
Merritronix Ltd
Listed
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 indu
Issue details
Price band
₹141 – ₹149
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,98,000
Issue size
₹70.03 Cr
Fresh issue
₹66.51 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
1 Jun 2026
Closes
3 Jun 2026
UPI mandate cut-off
5:00 PM on 3 Jun 2026
Allotment
4 Jun 2026
Refunds
5 Jun 2026
Shares in demat
5 Jun 2026
Listing
8 Jun 2026
Subscription and listing
Subscription
221.04x
Listing price
₹283.10
Registrar
Bigshare Services Pvt Ltd
Lead manager
GYR Capital Advisors
Subscription by category
Total
221.04x
Total applications
2,86,621
Anchor investors
Amount raised
₹19.91 Cr
Bid date
29 May 2026
50% lock-in ends
3 Jul 2026
Rest lock-in ends
1 Sep 2026
Listing day
Issue price
₹149
Open
₹283.10
High
₹297.25
Low
₹283.10
Day close
₹297.25
Listing gain at open
+90.00%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
22,28,000
47.40%
Anchor Investor Shares Offered
13,36,000
28.43%
QIB (Ex. Anchor) Shares Offered
8,92,000
18.98%
NII Shares Offered
6,72,000
14.30%
bNII > ₹10L
4,48,000
9.53%
sNII < ₹10L
2,24,000
4.77%
Retail Shares Offered
15,64,000
33.28%
Market Maker Shares Offered
2,36,000
5.02%
Total Shares Offered
47,00,000
100.00%
Finaccle’s quick read
Apply
FY26 income up 37%, PAT up 86%, ROE 46.03%, D/E 0.81, post-issue P/E 16.18x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
46.03%
ROCE
45.26%
Debt / equity
0.81
PAT margin
10.33%
P/E post issue
16.18
Market cap
₹260.52 Cr
Use of IPO money
Capital expenditure towards purchase of Machinery and equipment
₹21.36 Cr
Funding working capital requirements
₹21.95 Cr
Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company
₹12.72 Cr
General corporate purposes
₹7.91 Cr
Issue expenses
₹6.09 Cr
Strengths
✓
Revenue up 37% in FY26 to ₹156.25 Cr
✓
PAT up 86% in FY26 to ₹16.10 Cr
✓
PAT margin of 10.33%
✓
ROE of 46.03% and ROCE of 45.26%
✓
Moderate leverage: debt to equity 0.81
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.