Merritronix Ltd. IPO
IPO Timeline
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1 Jun 2026Bidding Starts
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3 Jun 2026Bidding Ends
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4 Jun 2026Allotment Finalization
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8 Jun 2026Listing
About Merritronix Ltd.
We are an Electronics Systems Design and Manufacturing services ("ESDM") company specializing in high-reliability, missioncritical electronic assemblies and systems for defence, aerospace, telecommunications, Rapid Prototyping for design houses OEMs, Engineering services Companies and specialized industrial electronics. We are primarily engaged in business-to-business ("B2B") electronic manufacturing services, encompassing component sourcing, printed circuit board ("PCB") assembly, system integration, testing, box-build solutions and delivery of finished electronic products — executed to the quality standards required by India's strategic defence and aerospace programmes.
This integrated manufacturing and design support capability enables us to serve industries that require reliable and performanceoriented electronic systems. A key part of our manufacturing process is Surface-Mount Technology (“SMT”), which involves assembling electronic components directly onto the surface of printed circuit boards (PCBs) using automated placement systems and controlled reflow processes. Our SMT capabilities include the assembly of advanced packaging technologies such as Ball Grid Array (BGA) and micro-BGA components, commonly used in high-performance and miniaturized electronic systems. Our manufacturing facility as on March 31, 2026 has an installed capacity of 10,75,000 boards for SMT assembly, 6,00,000 boards for Through-Hole Technology (THT) assembly, and 4,20,000 units for product assembly/box build, aggregating to a total installed capacity of 17,85,000 production units per annum.
Merritronix Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 13,36,000 (28.43%) |
| Market Makers | 2,36,000 (5.02%) |
| Non Institutional Investors | 6,72,000 (14.3%) |
| Qualified Institutional Buyers (QIBs) | 8,92,000 (18.98%) |
| Retail Individual Investors (RIIs) | 15,64,000 (33.28%) |
Merritronix Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2026 | 156.25 Cr | 16.10 Cr | 40.34 Cr |
| 31 Mar 2025 | 114.04 Cr | 8.66 Cr | 15.39 Cr |
| 31 Mar 2024 | 86.01 Cr | 3.05 Cr | 6.73 Cr |
Merritronix Ltd. Background
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1988Incorporation of Private Limited Company in the name of M/s. Merritronix Private Limited.
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1993Merritronix shifted its focus to the telecom industry, supplying telecommunication cable jointing kits for India’s landline network expansion.
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2006Merritronix expanded into the defence and aerospace sectors.
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2008Merritronix transitioned towards turnkey manufacturing, offering end-to-end solutions from component sourcing to final product assembly, testing, and logistics.
Merritronix expanded exports to European markets, securing contracts by meeting stringent quality standards and cost expectations.
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2009Merritronix became an approved supplier for Bharat Electronics Limited.
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2012Merritronix has undertaken a strategic diversification into turnkey electronics solutions, wherein the Company undertakes responsibility for the procurement of components, assembly, integration, and final testing of electronic products.
The Company has also qualified as an approved supplier to Hindustan Aeronautics Limited (HAL).
Further, Merritronix is engaged in the production and supply of mission-critical electronic systems and components intended for defence applications, in accordance with applicable regulatory and quality standards.
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2017Gained recognition for handling intricate, highdensity PCB assemblies.
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2020Despite pandemic disruptions, Merritronix continued operations by delivering critical electronics to Honeywell Aerospace, strengthening relationships with defence and avionics clients, and initiating discussions for NADCAP Certification for aerospace projects.
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2022Merritronix further expanded into:
• Electronics Component Supply & Obsolescence Management.
• Becoming a registered vendor for CERN through TIFR.
The company also began developing custom semiconductor solutions for defence applications, including drop-in replacements for obsolete Xilinx CPLDs and Airflow Sensors.
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2025Change in name from “Merritronix Private Limited” to “Merritronix LTD.” pursuant to conversion of our Company from Private Limited to Public Limited Company.
The Company obtained membership with the Global Electronics Association, reflecting its commitment to global standards and collaboration in the electronics industry.
1. Capital expenditure towards purchase of Machinery and equipment
2. Funding working capital requirements
3. Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company
4. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 149.00 | - |
| Open | ₹ 283.10 | - |
| Low | ₹ 283.10 | - |
| High | ₹ 297.25 | - |
| Last Trade | ₹ 297.25 | - |
1. Mr. Dovari Amarnath
2. Mr. Dovari Yesudas
3. Mr. Darsy Kethan Chandra
4. Mr. Dovari Thaman
5. Ms. Vanaja. D
The Electronics System Design & Manufacturing (ESDM) industry includes electronic hardware products and components relating to information technology (IT), office automation, telecom, consumer electronics, aviation, aerospace, defence, solar photovoltaic, nano-electronics and medical ... Read more
Phone no:8297912056
FAQs
When does Merritronix Ltd. IPO opens and closes?
Merritronix Ltd. IPO opens from 1st June to 3rd June 2026.What is the size of Merritronix Ltd. IPO?
The size of the Merritronix Ltd. IPO is ₹70.03 Cr.What is the price range of Merritronix Ltd. IPO?
The price range of Merritronix Ltd. IPO is at ₹141 to ₹149 per share.What is the minimum investment and lot size required for the Merritronix Ltd. IPO?
The minimum investment required is ₹1,49,000 and minimum lot size is 1000 shares.When is Merritronix Ltd. IPO listing date?
The Merritronix Ltd. IPO will be listed on 8th June 2026.What is the objective of Merritronix Ltd. IPO?
1. Capital expenditure towards purchase of Machinery and equipment2. Funding working capital requirements
3. Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company
4. General corporate purposes
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