Sanjay Bambhaniya · May 31, 2026

Merritronix SME IPO Details 2026

Q: What is the Merritronix Limited IPO?

Merritronix Limited operates as an Electronics Systems Design and Manufacturing company in India. The team provides comprehensive electronic assembly services specifically for B2B clients in high-reliability sectors. Merritronix IPO, an ESDM company, is launching its SME IPO on the BSE SME exchange. The IPO size is ₹ 70.03 Cr. The price band is ₹149.

Q: How much money does the company want to raise through this IPO?

The company aims to raise a total of 70.03 crore rupees from the public market. This entire public offer consists of fresh shares without any offer for sale component.

Q: When is Merritronix Limited IPO allotment?

Merritronix IPO allotment date is 4th June 2026, and refund dates are 5th June 2026. Merritronix IPO listing is expected to be on 8th June 2026.

Q: What are the main financial purposes of this public issue?

The management will use the net cash proceeds to buy new machinery and equipment. The remaining funds will support working capital needs and clear some existing corporate borrowings.

Q: How to Apply for Merritronix IPO?

You check the detailed steps for various IPO application methods here.

SME Book Build Listed

Heavy Electrical Equipment

BSE SME

Price Band

₹141 - ₹149

Issue Size

₹70.03 Cr

Lot Size

1,000 shares

Min. Investment

₹1,49,000

Live GMP ₹62

41.61% Est. Listing: ₹211

SIP Calc Compare

IPO Timeline

DRHP FILED March 26, 2026

OPEN June 1, 2026

CLOSE June 3, 2026

ALLOTMENT June 4, 2026

LISTING June 8, 2026

IPO DETAILS REVIEW GMP SUBSCRIPTION ALLOTMENT STATUS

Merritronix

Company overview & key insights

The Merritronix SME IPO size is ₹70.03 crore, including a fresh issue of ₹70.03 crore and an offer for sale of ₹– crore. It is a Book Building issue. The IPO issue opens on June 1, 2026 and closes on June 3, 2026. The share allotment is expected on June 4, 2026, and the listing date is June 8, 2026. Merritronix Limited is based in Hyderabad, Telangana and operates in the Engineering sector. It filed its DRHP on 26th March 2026 and will list its shares on BSE SME. Bigshare Services Pvt.Ltd. is the registrar, while GYR Capital Advisors Pvt.Ltd. serves as the merchant banker for the offer.

IPO Highlights

Key details & important dates

IPO Details

Total Issues ₹70.03 Cr

Fresh Issue ₹70.03 Cr

Offer for Sale -

IPO Price Band ₹141 - ₹149

Face Value ₹10 per share

Lot Size 1,000 shares

Listed On BSE SME

IPO Dates

DRHP Filed March 26, 2026

Issue Open June 1, 2026

Issue Close June 3, 2026

Allotment Date June 4, 2026

Refunds Initiation June 5, 2026

Credit of Shares June 5, 2026

Listing Date June 8, 2026

IPO Issue Structure

Reservation & Lot Size Details

The company has reserved shares for various investor categories. The Retail Shares reservation is 35.04% (15,64,000 shares), and QIB has 47.40% (22,28,000). Further, the minimum lot size is 1,000 shares. The anchor investor reservation is 28.43% (13,36,000 shares), and the market maker reservation is 5.02% (2,36,000 shares).

IPO Reservation

QIB 22,28,000 (49.91%)

Anchor Investor 13,36,000 (28.43%)

QIB (Ex. Anchor) 8,92,000 (18.98%)

NII (HNI) 6,72,000 (15.05%)

bNII > ₹10L 4,48,000 (9.53%)

sNII < ₹10L 2,24,000 (4.77%)

Retail 15,64,000 (35.04%)

Employee 2,36,000 (5.02%)

Shareholder 47,00,000 (100.00%)

IPO Lot Size

Retail (Min)

2 | 2000 Shares

₹2,98,000

Small Investor Quota

Retail (Max)

2 | 2000 Shares

₹2,98,000

Retail Investment Limit

S-HNI (Min)

3 | 3000 Shares

₹4,47,000

Small HNI (₹2L – ₹10L)

S-HNI (Max)

6 | 6000 Shares

₹8,94,000

Small HNI (Up to ₹10 L)

B-HNI (Min)

7 | 8000 Shares

₹10,43,000

Big HNI (Above ₹10L)

Zerodha Apply Now Upstox Apply Now Angel One Apply Now

IPO Documents & GMP

Prospectus & Grey Market Premium

On 26th March 2026 the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.

DRHP Document Draft Red Herring Prospectus

IPO GMP

Live

The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares.

Track live GMP Today

Financial Performance (₹ in Cr)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Income	155.9	114	85.69	53.17
Profit After Tax	16.1	8.65	3.05	0.41
EBITDA	27.21	15.18	6.72	1.79
Net Worth	52.52	16.84	8.18	5.13
Assets	154.4	74.18	68.44	43.78
Total Debt	43.2	18.56	15.81	13.47

Key Performance Indicator

Particulars	31-Mar-26	FY25	FY24	FY23
EBITDA Margin (%)	17.45	13.37	8	3.37
PAT Margin (%)	10.33	7.62	4	0.77
EPS (₹)	13.92	7.95	3	0.38
ROE (%)	30.65	51.37	37	7.99
ROCE (%)	10.33	66.21	43	12.25
ROA (%)	10.43	11.66	4	0.94
Debt to Equity (x)	0.82	1.1	2	2.63

IPO Financial Snapshot

Objectives & Key Metrics

IPO Objectives

Capital expenditure towards purchase of Machinery and equipment ₹21.36 Cr.

Funding working capital requirements of the Company ₹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 ₹0.00 Cr.

Total Fund Requirement ₹56.03 Cr.

IPO Key Metrics

Pre IPO EPS

12.60

Earnings Per Share

Post IPO EPS

9.21

Earnings Per Share

Pre IPO P/E

11.83

Price to Earnings

Post IPO P/E

16.18

Price to Earnings

Market Capitalization ₹260.52 Cr.

Listing Day Trading
BSE SME

Final Issue Price ₹149

Open ₹283.10

Low ₹283.10

High ₹297.25

Last Trade

₹297.25

▲ +99.5%

Check IPO Performance

Quick Links

IPO GMP

Live

Live Subscription Compare Brokers All Brokers

Pro

IPO Calendar Top Performers Upcoming IPOs IPO News List of All Articles…

Calculators

IPO Return

New

SWP Listing Grain View All Calculators →

Merritronix Limited Company Details

Company Profile · Overview

Merritronix Limited started its business in 1988. The company operates in the Engineering sector. It manufactures high-reliability, mission-critical electronic assemblies for the defense, aerospace, telecom, and industrial electronics market. Its main office is in Hyderabad. It serves defense, aerospace, electrical engineering, heavy industries, power, and utilities customers every year. The firm employs 57 workers in various departments. Its leadership team has 30 years of industry experience. The company holds several quality certificates for its operations EN 9100:2018 certification equivalent to AS 9100D, JISQ 9100:2016, and ISO 9001:2015 standards.

Main Offerings

Component sourcing services

PCB assembly solutions

System integration support

Testing and box-building

Key Strengths

Three decades operating legacy

Modern infrastructure setup available

Strong order book present

Company Address: C-22, Electronic Complex, Kushaiguda, Hyderabad, Telangana, 500062. +91 8297912056 | cs@merritronix.com

Intermediaries

Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

Lead Manager

GYR Capital Advisors Pvt.Ltd.

Market Maker

Giriraj Stock Broking Pvt.Ltd.

RESERVATION 2,36,000 shares (agg. up to ₹4 Cr)

Frequently Asked Questions

5 FAQs

What is the Merritronix Limited IPO?

Merritronix Limited operates as an Electronics Systems Design and Manufacturing company in India. The team provides comprehensive electronic assembly services specifically for B2B clients in high-reliability sectors. Merritronix IPO, an ESDM company, is launching its SME IPO on the BSE SME exchange. The IPO size is ₹ 70.03 Cr. The price band is ₹149.

How much money does the company want to raise through this IPO?

The company aims to raise a total of 70.03 crore rupees from the public market. This entire public offer consists of fresh shares without any offer for sale component.

When is Merritronix Limited IPO allotment?

Merritronix IPO allotment date is 4th June 2026, and refund dates are 5th June 2026. Merritronix IPO listing is expected to be on 8th June 2026.

What are the main financial purposes of this public issue?

The management will use the net cash proceeds to buy new machinery and equipment. The remaining funds will support working capital needs and clear some existing corporate borrowings.

How to Apply for Merritronix IPO?

You check the detailed steps for various IPO application methods here.

Sanjay Bambhaniya

Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.

Discussion & Feedback

0 Comments

No comments yet. Be the first to share your thoughts!

Merritronix SME IPO Details 2026

Merritronix

IPO Highlights

IPO Details

IPO Dates

IPO Issue Structure

IPO Reservation

IPO Lot Size

IPO Documents & GMP

IPO GMP

Financial Performance (₹ in Cr)

Key Performance Indicator

IPO Financial Snapshot

IPO Objectives

IPO Key Metrics

Listing Day TradingBSE SME

Quick Links

Calculators

Merritronix Limited Company Details

Main Offerings

Key Strengths

Frequently Asked Questions

In the Spotlight

Media Feature

Listing Day Trading
BSE SME