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Merritronix Ltd

Merritronix Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹149
₹149
GMP (Grey Market)
+₹91
+61.07%
Est. Listing Price
₹240
Based on GMP
Min. Investment
₹149,000
1 lot × 1000 shares
Subscribed
221.04x
Over-subscribed
IPO Details
Open Date
01 Jun 2026
Close Date
03 Jun 2026
Allotment
04 Jun 2026
Listing Date
08 Jun 2026
Exchange
BSE SME
Price Band
₹149
Listing Price
See chart
Allotment Status
Price Band
₹149
Per share
Face Value
₹10 per share
 
Lot Size
1,000 Shares
per lot
Issue Size
47,00,000 shares (agg. up to ₹70 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹149,000
1 lot
Pre-IPO Holding
1,27,84,854 shares
Promoters
Post-IPO Holding
1,74,84,854 shares
Promoters
P/E (Pre)
11.83x
 
P/E (Post)
16.18x
 
EPS (Pre)
₹12.60
 
EPS (Post)
₹9.21
 
UPI Deadline
5:00 PM on 03 Jun 2026
Mandate
GMP
+₹91
+61.07% est.
Anchor AllotmentSun, 31 May 2026
Basis of AllotmentThu, 04 Jun 2026
Refund InitiationFri, 05 Jun 2026
Demat CreditMon, 08 Jun 2026
Listing DayMon, 08 Jun 2026
UPI Mandate Deadline5:00 PM on 03 Jun 2026
Sale TypeFresh capital only
Net Offer to Public44,64,000 shares (agg. up to ₹67 Cr)
Market Maker Quota2,36,000 shares (agg. up to ₹4 Cr)
Fresh Issue Shares44,64,000 shares (agg. up to ₹67 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Merritronix Ltd IPO subscribed 221.04 times overall. Retail: 296.28x. QIB: 90.97x. NII: 477.18x. By 03 Jun 2026.
QIB
90.97x
Over
NII/HNI
477.18x
Over
Retail
296.28x
Over
Total
221.04x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
236,000
₹3.52
QIB
Over 90.97x
2,228,000
₹33.20
NII / HNI
Over 477.18x
672,000
₹10.01
Retail
Over 296.28x
1,564,000
₹23.30
Total 221.04x
4,464,000
100% ₹66.51
IPO Shares Offered
Merritronix Ltd IPO total issue size: ₹66.51 Cr. Retail: ₹23.30 Cr. QIB: ₹33.20 Cr. NII: ₹10.01 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 2,228,000 ₹33.20
49.91%
Market Maker 236,000 ₹3.52
5.29%
NII 672,000 ₹10.01
15.05%
Retail 1,564,000 ₹23.30
35.04%
Total 4,464,000 ₹66.51
100.00%
* Based on upper price band ₹149 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) 672,000 1,564,000 2,236,000
Allotment price (₹) 149 149 149 149 149 149 149 149
No. of applications
No. of shares applied
Amount collected (₹Cr) ₹23.30 ₹23.30
Times subscribed 90.97x 477.18x 296.28x 221.04x
Shares allotted 672,000 1,564,000 2,236,000
No. of allottees
* Upper price band ₹149 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
1,000
Shares per Lot
Issue Price
₹149.00
Upper Band
Min Investment
₹149,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)22,000₹298,000
Retail (Max — 13 Lots)1313,000₹1,937,000
S-HNI (Min — 14 Lots)1414,000₹2,086,000
B-HNI (Min — 68 Lots)6868,000₹10,132,000
* Issue Price ₹149 × Lot Size 1,000 shares
IPO Schedule
Anchor
31 May 2026
✓ Done
IPO Open
01 Jun 2026
✓ Done
IPO Close
03 Jun 2026
✓ Done
Allotment
04 Jun 2026
✓ Done
Refunds
05 Jun 2026
✓ Done
Demat Credit
08 Jun 2026
✓ Done
Listing Day
08 Jun 2026
✓ Done
Merritronix Ltd — Live Price LIVE
₹149.00
INR · BSE
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Issue ₹149.00 GMP: +₹91 Live Price
About Merritronix Ltd
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.As of December 31, 2025, the company's manufacturing facility has an installed capacity of 7,65,000 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.The Company received EN 9100:2018 certification for manufacturing PCBAs for aerospace and defence, equivalent to AS 9100D, JISQ 9100:2016, and includes ISO 9001:2015 standards.The company's clients include those in defence, aerospace, electrical engineering, heavy industries, power, and utilities.As of March 31st, 2026, the company had 57 employees in various departments.Competitive StrengthThree decades of Operating Legacy in Mission-Critical Defence and Aerospace Electronics.Established Track Record in Mission-Critical 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
Objects of the Issue
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 the Company
4
General corporate purposes
Merritronix Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹86.0
31 Mar 2024
₹114.0
31 Mar 2025
₹156.3
31 Mar 2026
Profit After Tax (PAT)
₹3.1
31 Mar 2024
₹8.7
31 Mar 2025
₹16.1
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 156.25 114.04 86.01
EBITDA 27.22 15.18 6.73
Profit After Tax (PAT) 16.10 8.66 3.05
Net Worth 52.52 16.23 7.58
Total Assets 154.40 74.18 68.44
Reserves & Surplus 40.34 15.39 6.73
Borrowings 43.20 18.57 15.82
EBITDA Margin (%) 17.42
PAT Margin (%) 10.33
P/BV Ratio
3.59
RoE
46.03
RoCE
45.26
RoNW
30.66
PAT Margin
10.33
EBITDA Margin
17.42
Debt/Equity
0.81
Issue Structure & Shareholding
Total Shares Offered47,00,000
Net Offer to Public44,64,000 shares (agg. up to ₹67 Cr)
Reserved for Market Maker2,36,000 shares (agg. up to ₹4 Cr)
Pre-Issue Promoter Holding1,27,84,854 shares
Post-Issue Promoter Holding1,74,84,854 shares
P/BV Ratio3.59
RoE46.03
RoCE45.26
Debt / Equity0.81
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
GYR Capital Advisors Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Merritronix Ltd IPO subscribed?

Merritronix Ltd IPO is subscribed 221.04 times by Jun 03, 2026. Retail: 296.28x. QIB: 90.97x. NII: 477.18x.

Investor CategorySubscription
Qualified Institutional (QIB)90.97x
Non Institutional (NII/HNI)477.18x
Retail Individual296.28x
Total Subscription221.04x
What is Merritronix Ltd IPO retail subscription status?

The Merritronix Ltd IPO retail category is subscribed 296.28 times as of 03 Jun 2026. The retail portion is oversubscribed.

How to subscribe Merritronix Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 01 Jun 2026 and closes 03 Jun 2026. Min investment: ₹149,000 (1 lot = 1,000 shares). UPI mandate: 5:00 PM on 03 Jun 2026.

How many times Merritronix Ltd IPO subscribed?

The Merritronix Ltd IPO subscribed 221.04x overall. QIB: 90.97x, NII: 477.18x, Retail: 296.28x. Applications: from NSE/BSE.

How to check Merritronix Ltd IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Jun 2026. Refunds: on 05 Jun 2026.

When Merritronix Ltd IPO will be listed?

The Merritronix Ltd IPO listing date is 08 Jun 2026, Monday. Listed on: BSE SME. Issue price: ₹149. Estimated listing: ₹240. GMP: +₹91.

When Merritronix Ltd IPO close?

The Merritronix Ltd IPO closes on 03 Jun 2026, Wednesday. UPI mandate: 5:00 PM on 03 Jun 2026. Allotment: 04 Jun 2026. Listing: 08 Jun 2026.