Merritronix Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Merritronix Ltd IPO

We are an Electronics Systems Design and Manufacturing services (ESDM) company specializing in high-reliability, missioncritical electronic assemblies and systems for defence, aerospace, telecommunications, Rapid Prototyping for design houses OEMs, Engineering services Companies and specialized industrial electronics. We are primarily engaged in business-to-business (B2B) electronic manufacturing services, encompassing component sourcing, printed circuit board (PCB) assembly, system integratio n, testing, box-build solutions and delivery of finished electronic products executed to the quality standards required by India's strategic defence and aerospace programmes.

Merritronix Ltd IPO Details

Total Shares Offered

₹ 47,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 15,64,000

Pre Issue Promoters Holding

₹ 1,08,89,400

Exchange

BSE

Issue size

₹ 70.03 Cr

IPO Open Date

Jun 1, 2026

Close Date

Jun 3, 2026

Lot Size

2000

Min Investment

₹ 2,82,000

Issue Type

Book Building - SME

Listing Date

Jun 8, 2026

Merritronix Ltd IPO Dates

Jun 1, 2026

Opening date

Jun 3, 2026

Closing date

Jun 4, 2026

Basis of Allotment

Jun 5, 2026

Initiation of Refunds

Jun 5, 2026

Credit of Shares

Jun 8, 2026

Listing date

Details

Sector	Type
Sector	Electronics - Components
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	90.04x	2228000	200616000
NII	476.94x	672000	320507000
Retail	297.67x	1564000	465558000
Employee	0x	0	0
Total	209.93x	4700000	986681000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

90.04x

476.94x

297.67x

209.93x

2228000

672000

1564000

4700000

200616000

320507000

465558000

986681000

Merritronix Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	23.49	12.79	4.70
EBITDA	23.96	13.18	5.11
PAT	16.10	8.66	3.05
Total Assets	148.71	70.31	59.87
Share Capital	12.78	1.45	1.45
Total Borrowings	54.81	22.55	21.93
Operating Activities (Net Cash)	16.57	9.05	3.46
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	54.81	22.55	21.93
Net Cashflow	25.70	2.42	3.91

About Merritronix Ltd

Our Company was incorporated on the 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 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.

Peer Comparison:

Centum Electronics Limited
Vinyas Innovative Technologies Limited

Merritronix Ltd Key Points

Strengths

Experienced Promoters having deep domain knowledge to scale up the business.

In house manufacturing capabilities.

Management team with an established track record.

Established track record of successfully completed orders.

Efficient operational team.

Risk

The company business model as a B2B Electronics Systems Design and Manufacturing services (ESDM) provider with limited brand recognition may restrict its pricing power, customer diversification and growth prospects.

The company may not qualify for or win bids to further expand its business in future, which may has an adverse effect on the company business, financial condition, results of operations and prospects

The company typically does not obtain long-term commitments from its customers and they may cancel or change their production requirements. Such cancellations or changes may adversely affect the company financial condition, cash flows and results of operations.

Strategy

Enhance Production Capacity and Operational Efficiency to Strengthen Competitiveness.

Invest in Research and Development to Develop Complete Systems.

Improving margins through direct PSU engagement and value-added capabilities.

Business Diversification

Expand Our Business and Geographical Footprint.

How To Apply for Merritronix Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Merritronix Ltd IPO?

Merritronix Ltd's IPO offers shares for up to 70.03 It begins on Jun 1, 2026 and ends on Jun 3, 2026.

What is the price of the Merritronix Ltd IPO?

The price of Merritronix Ltd IPO ranges between ₹141 to ₹149 per share.

What are the open and close dates for the Merritronix Ltd IPO?

The Merritronix Ltd IPO opens on Jun 1, 2026 and closes on Jun 3, 2026.

When will the Merritronix Ltd IPO be allotted?

The allotment for the Merritronix Ltd IPO will be finalised on Jun 4, 2026. The shares will be listed on BSE and NSE on Jun 8, 2026.

What is the minimum lot size required for Merritronix Ltd IPO?

The minimum lot size for Merritronix Ltd IPO is 2000 shares, priced between ₹141 to ₹149 per share.

What is the GMP of Merritronix Ltd IPO?

The GMP (Grey Market Premium) of Merritronix Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Merritronix Ltd IPO?

To check the allotment status of Merritronix Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Merritronix Ltd IPO getting listed?

The Merritronix Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 1, 2026, and closes on Jun 3, 2026. The allotment is finalised on Jun 4, 2026.

How do you apply for the Merritronix Ltd IPO?

To apply for the Merritronix Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.