Merritronix IPO
Price band
₹141 – ₹149
Lot size
1000 shares
Min investment
₹1,49,000
Issue size
₹70.03 Cr
IPO schedule
| Open date | 1 Jun 2026 |
| Close date | 3 Jun 2026 |
| UPI mandate cut-off | 3 Jun 2026 |
| Allotment finalisation | 4 Jun 2026 |
| Refund initiation | 5 Jun 2026 |
| Shares credited to demat | 5 Jun 2026 |
| Listing date | 8 Jun 2026 |
| Mandate end date | 18 Jun 2026 |
| Anchor lock-in (50%) | 3 Jul 2026 |
| Anchor lock-in (remaining) | 1 Sept 2026 |
Issue size
Grey Market Premium (GMP)
GMP is an unofficial, unregulated indicator and not a reliable predictor of listing price. Source: IPO Watch.
About Merritronix
Merritronix Ltd. is an Electronics Systems Design and Manufacturing (ESDM) company that provides high-reliability electronic assemblies and systems mainly for the defence, aerospace, telecommunications and specialised industrial electronics sectors. The company operates as a business-to-business (B2B) manufacturer and offers services such as component sourcing, printed circuit board (PCB) assembly, system integration, testing, box-build solutions and delivery of finished electronic products. Its manufacturing capabilities include Surface-Mount Technology (SMT), Through-Hole Technology (THT) assembly and product integration for mission-critical applications. Merritronix also earns revenue from turnkey manufacturing, job work services, obsolescence management and trading sales. Over the years, the company has expanded from telecom component supply into defence and aerospace electronics manufacturing, while also developing capabilities in lifecycle support and obsolete component management for legacy electronic systems.
Strengths
- Merritronix specialises in high-reliability electronics for defence, aerospace, and industrial applications.
- The company offers end-to-end services including PCB assembly, system integration, testing, and box-build solutions.
- It has expertise in obsolescence management for legacy electronic systems and components.
- Merritronix is an approved vendor for key defence and aerospace public sector entities.
- The company has EN 9100:2018 certification for aerospace and defence electronics manufacturing.
Risks
- The company depends heavily on a concentrated customer base in the defence and industrial sectors.
- It operates mainly as a B2B manufacturer with limited brand recognition.
- Any delay or cancellation of customer orders could affect revenue and profitability.
- The business faces pricing pressure due to competitive bidding in the EMS industry.
- Dependence on imported semiconductor chips may expose the company to supply chain risks.
Use of proceeds
| Repayment of borrowings | ₹12.72 (18.16%) Cr |
| General corporate purposes | ₹14 (20%) Cr |
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.