M
Merritronix Ltd.
LISTED
SME
GMP-
Subscription293.31×Overall
Min. Investment₹1,41,0001 lot × 1000 shares
IPO Details
Issue Size₹2,412.43 Cr
Price Band₹141 – ₹149Per equity share
Lot Size1000 SharesMin 1 lot (Retail)
Face Value₹10 / sharePaid-up equity
Total Shares16.19 CrOffered to public
Market Cap₹0.00 CrAt upper price band
QIB Quota3.86%Qualified Inst. Buyers
Retail Quota6.76%Non-inst. investors
IPO Timeline
Issue Opens1 Jun 2026
IPO subscription begins
Issue Closes3 Jun 2026
Last day to apply
Basis of Allotment4 Jun 2026
Allotment finalization
Listing Date8 Jun 2026
Trading begins on BSE & NSE
About & Business
- Background
- Industry
- Promoters
Our Company was incorporated on October 14, 1988 as “Merritronix Private Limited”, a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Andhra Pradesh. Subsequently, a Certificate of Registration of Regional Director order, dated October 05, 2021 was issued by the Registrar of Companies, Hyderabad pursuant to the shifting of the Registered Office of the Company from the “State of Andhra Pradesh” to the “State of Telangana”, under the provisions of the Companies Act, 2013. Thereafter, our Company was converted into a public limited company pursuant to a resolution passed by our Shareholders at an Extraordinary General Meeting held on January 06, 2025, and consequently the name of our Company was changed to “Merritronix LTD.”. A Fresh Certificate of Incorporation dated February 07, 2025 was issued by the Registrar of Companies, Central Registration Centre upon such conversion.
Major Events & Milestones
1988
Incorporation of Private Limited Company in the name of M/s. Merritronix Private Limited.
1993
Merritronix shifted its focus to the telecom industry, supplying telecommunication cable jointing kits for India’s landline network expansion.
2006
Merritronix expanded into the defence and aerospace sectors.
2008
Merritronix 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.
2009
Merritronix became an approved supplier for Bharat Electronics Limited.
2012
Merritronix 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.
2017
Gained recognition for handling intricate, highdensity PCB assemblies.
2020
Despite 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.
2022
Merritronix 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.
2025
Change 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.
Objectives of the Issue
- 01Capital expenditure towards purchase of Machinery and equipment
- 02Funding working capital requirements
- 03Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company
- 04General corporate purposes
Agencies & Documents
Book Running Lead Managers (BRLMs)
- GYR Capital Advisors Pvt. Ltd.
- GYR CAPITAL ADVISORS PRIVATE LIMITED
Registrar to the Issue
Bigshare Services Pvt. Ltd.62638200
IPO CalculatorListed
Price Band141 – 149Cut-off: ₹149 per share
Closes3 Jun 20265:00 PM IST
Select Lots
1
Shares1000 shares
Price per share₹149 (cut-off)
Total Investment₹1,49,000
Subscription Status
293.31× Overall| Category | Subscribed | Shares Offered |
|---|---|---|
| Qualified Institutional Buyers | 224.91× | 8,92,000 |
| Non Institutional Investors | 352.98× | 9,08,000 |
| Retail Individual Investors | 297.67× | 15,64,000 |
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