Minimum Investment
About Company
Company Name: Merritronix Limited
Industry / Sector: Electronics Systems Design and Manufacturing (ESDM) / Defence & Aerospace Electronics
Founded Year: 1988
Promoters: Dovari Yesudas, Dovari Amarnath, Vanaja D, Darsy Kethan Chandra, Dovari Thaman
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 electronic products to India's defence and aerospace standards.
IPO Basic Details
| Company Name | Merritronix Limited |
| IPO Type | SME IPO |
| Price Band | ₹141 – ₹149 |
| Lot Size | 1000 |
| Total Issue Size | ₹70.03 Cr (47,00,000 shares) |
IPO Strengths & Risks
Strengths
- Three decades of operating legacy in mission-critical defence and aerospace electronics
- Established track record in defence and aerospace programs
- Strong capabilities in obsolescence management and lifecycle extension
- Modern SMT infrastructure and IPC-A-610 Class 3 assembly capability
- Strong order book providing revenue visibility
- Experienced promoters and senior management
Risks
- Dependence on defence and aerospace sector orders
- High competition in electronics manufacturing
- Raw material price volatility and supply chain risks
IPO Important Dates
| IPO Open Date | 01 Jun 2026 |
| IPO Close Date | 03 Jun 2026 |
| Basis of Allotment | 04 Jun 2026 |
| Refund Initiation | 05 Jun 2026 |
| Demat Credit Date | 05 Jun 2026 |
| Listing Date | 08 Jun 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance amount
Investor Reservation
| QIB Quota | 49.91% (of net offer) |
| Retail Quota | 35.04% |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 2000 | ₹2,98,000 |
| Retail Maximum | - | - | - |
| S-HNI Minimum | 3 lots | 3000 | ₹4,47,000 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 7 lots | 7000 | ₹10,43,000 |
Key Performance Indicators (KPI)
| ROE | 46.03% (Mar 31, 2026) |
| ROCE | 45.26% (Mar 31, 2026) |
| RoNW | - |
| PAT Margin | 10.33% (Mar 31, 2026) |
| EBITDA Margin | 17.42% (Mar 31, 2026) |
| EPS | - |
| NAV per share | - |
| Debt to Equity | 0.81 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 154.40 Cr | 156.25 Cr | 16.10 Cr | 27.22 Cr | 52.52 Cr | 43.20 Cr |
| 31 Mar 2025 | 74.18 Cr | 114.04 Cr | 8.66 Cr | 15.18 Cr | 16.23 Cr | 18.57 Cr |
| 31 Mar 2024 | 68.44 Cr | 86.01 Cr | 3.05 Cr | 6.73 Cr | 7.58 Cr | 15.82 Cr |
Grey Market Premium
| GMP Price | N/A (pre-listing) |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | May 2026 |
| Estimated Listing Price | N/A |
IPO Subscription Data
| Total Subscription | Pending (IPO opens 01 Jun 2026) |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: https://ipo.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: C-22, Electronic Complex, Kushaiguda, Hyderabad, Telangana 500062
Website: https://www.merritronix.com/
Email: cs@merritronix.com
Phone: +91 8297912056
IPO Documents
Frequently Asked Questions (FAQ)
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