Merritronix SME IPO Details, Financials, Valuation & Peers
Explore Merritronix SME IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company established in October 1988, specializing in high-reliability, mission-critical electronic assemblies. The company provides B2B services including component sourcing, PCB assembly, system integration, testing, box-building, and delivery of finished electronics products. Merritronix serves clients in the defence, aerospace, telecom, and industrial electronics sectors, adhering to India's defence and aerospace standards.
Key highlights include:
- Three decades of operating legacy in mission-critical defence and aerospace electronics.
- An established track record in mission-critical defence and aerospace programs.
- Strong capabilities in obsolescence management and lifecycle extension.
- Modern SMT infrastructure with IPC-A-610 Class 3 assembly capability.
- EN 9100:2018 certification for aerospace and defence PCBAs, equivalent to AS 9100D, JISQ 9100:2016, and including ISO 9001:2015 standards.
Objects of the Issue
- Capital expenditure towards purchase of Machinery and equipment
- Funding working capital requirements
- Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company
- General corporate purposes
- Total
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 01 Jun - 03 Jun 2026 |
| IPO Price Band | ₹141 - ₹149 per share |
| Fresh Issue | ₹66.51 crore |
| Offer For Sale | NIL |
| Total IPO Size | ₹70.03 crore |
| Face Value | ₹10 |
| Listing On | BSE SME |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 01 Jun 2026 |
| IPO Closing Date | 03 Jun 2026 |
| Basis Of Allotment | 04 Jun 2026 |
| Refunds | 05 Jun 2026 |
| Demat Transfer | 05 Jun 2026 |
| IPO Listing Date | 08 Jun 2026 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|
| Assets | 68.44 | 74.18 | 154.40 |
| Total Income | 86.01 | 114.04 | 156.25 |
| Profit After Tax | 3.05 | 8.66 | 16.10 |
| EBITDA | 6.73 | 15.18 | 27.22 |
| NET Worth | 7.58 | 16.23 | 52.52 |
| Reserves and Surplus | 6.73 | 15.39 | 40.34 |
| Total Borrowing | 15.82 | 18.57 | 43.20 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| Merritronix Ltd. | 10.70 | 13.92 | 30.66% | 41.56 |
| Vinyas Innovative Technologies Limited | 62.85 | 15.43 | 13.22% | 116.77 |
| Centum Electronics Ltd | -15.09% | 233.36 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | 22,28,000 |
| Non-Institutional Investor (NII/HNI) | 6,72,000 |
| Retail Individual Investor (RII) | 15,64,000 |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 224.91 |
| Non-Institutional Investor (NII/HNI) | 476.59 |
| Retail Individual Investor (RII) | 297.67 |
| Total | 315.36 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Lead Managers
- 1GYR Capital Advisors Pvt.Ltd.
Company Address
Merritronix Ltd.C-22, Electronic Complex
Kushaiguda
Hyderabad, – 500062https://www.merritronix.com/+91 8297912056cs@merritronix.com
FAQs
- What is the issue size of the Merritronix SME IPO?The Merritronix SME IPO has an issue size of ₹70.03 crore. This includes a fresh issue of ₹66.51 crore and an offer for sale (OFS) of NIL.
- What is the price band of the Merritronix IPO?The price band for the Merritronix IPO is ₹141 - ₹149 per share.
- What are the bidding dates for the Merritronix IPO?The Merritronix IPO will open for bidding on 01 Jun 2026 and close on 03 Jun 2026.
- What is the allotment date for the Merritronix IPO?The allotment date for the Merritronix IPO is 04 Jun 2026.
- What is the minimum lot size and investment required for the Merritronix IPO?The minimum lot size for the Merritronix IPO is 1000 shares and the minimum investment required is ₹1,49,000.
- What is the listing date for the Merritronix IPO?The listing date for the Merritronix IPO is 08 Jun 2026.
- What is the Merritronix IPO grey market premium?The grey market premium (GMP) for the Merritronix IPO is currently at ₹74, with an expected listing gain of approximately 49.66%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.