Merritronix IPO
Merritronix IPO
Overview
Merritronix IPO is a book build issue of ₹70.03 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹70.03 crore. Merritronix IPO opens for subscription on Jun 1, 2026 and closes on Jun 3, 2026. The allotment for the Merritronix IPO is expected to be finalized on Jun 4, 2026. Merritronix IPO will list on the BSE SME with a tentative listing date fixed as Jun 8, 2026. Merritronix IPO is set issue price band at ₹141 to ₹149 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,98,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,47,000. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.
Total Shares
47,00,000
Issue Size
₹70 Cr
Price Band
₹141 – ₹149
Lot Size
1000 shares
Min. Investment
₹2,98,000
Max. Investment
₹2,98,000
Open Date
01 Jun, 2026
Close Date
03 Jun, 2026
Allotment
04 Jun, 2026
Listing
08 Jun, 2026
Max. Investment
₹2,98,000
Announced
01 Jun, 2026
Opening Date
01 Jun, 2026
Closing Date
03 Jun, 2026
Basis of Allotment
04 Jun, 2026
Initiation of Refunds
05 Jun, 2026
Credit of Shares
05 Jun, 2026
Listing Date
08 Jun, 2026
Live GMP
Est. Listing: ₹236
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About Merritronix IPO
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
Merritronix IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.8% increase in shares
Merritronix IPO Financial Health
Merritronix IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,98,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,47,000 |
| S-HNI (Max) | 6 | 6000 | ₹8,94,000 |
| B-HNI (Min) | 7 | 7000 | ₹10,43,000 |
(All values in CR)
Merritronix IPO Valuations
| Metric | Value |
|---|---|
| ROE | 46.03 |
| ROCE | 45.26 |
| Debt/Equity | 0.81 |
| RoNW | 30.66 |
| PAT Margin | 10.33 |
| EBITDA Margin | 17.42 |
| Price to Book Value | 3.59 |
(All values in CR)
Merritronix IPO Strength & Risk
Merritronix IPO – Strength
- Strong presence in defence, aerospace, telecom, and industrial electronics sector
- Revenue and profit growth has been strong in recent years
- EBITDA and profit margins are improving
- Healthy ROE and ROCE indicate efficient business performance
- Defence and aerospace certifications create entry barriers for competitors
- IPO funds will be used for expansion, machinery, working capital, and debt repayment
- Defence manufacturing theme currently has strong market interest
Merritronix IPO – Risk
- SME IPOs are highly volatile and can face liquidity issues after listing
- High GMP increases speculation and listing-day risk
- Business may depend on a limited number of clients/orders
- Expansion execution risk if future demand slows down
- Debt level is moderate for a manufacturing company
- Valuation is reasonable but not very cheap
- Suitable mainly for aggressive investors and listing gain seekers
- Conservative investors should be cautious due to SME volatility
Merritronix IPO GMP
Merritronix SME IPO last GMP is ₹87, last updated May 27th 2026 09:01 AM. With the price band of 149.00, Merritronix SME IPO's estimated listing price is ₹236 (cap price + today's GMP).The expected percentage gain/loss per share is 58.39%. >> Merritronix SME IPO Retail Subject to Sauda: ₹66100 The lowest GMP is ₹45.00, while the highest GMP is ₹93.00.
Last updated 27 May, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 27 May, 2026 | 149 | ₹87 | - | ₹236 (58.39%) | 87000 | 27 May, 2026 |
| 26 May, 2026 | 149 | ₹87▼ | - | ₹236 (58.39%) | 87000 | 26 May, 2026 |
| 25 May, 2026 | 149 | ₹90▼ | - | ₹239 (60.40%) | 90000 | 25 May, 2026 |
| 24 May, 2026 | 149 | ₹93 | - | ₹242 (62.42%) | 93000 | 24 May, 2026 |
| 23 May, 2026 | 149 | ₹93▲ | - | ₹242 (62.42%) | 93000 | 23 May, 2026 |
| 22 May, 2026 | 149 | ₹85▲ | - | ₹234 (57.05%) | 85000 | 22 May, 2026 |
| 21 May, 2026 | 149 | ₹78▲ | - | ₹227 (52.35%) | 78000 | 21 May, 2026 |
| 20 May, 2026 | 149 | ₹45 | - | ₹194 (30.20%) | 45000 | 20 May, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Merritronix IPO
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Find Merritronix IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Your funds will be blocked in your account until the IPO allotment process is completed.