Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Merritronix Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on March 26, 2026 to raise funds through Initial Public Offer (IPO).
Merritronix Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.47 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Merritronix IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 47,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 47,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,27,84,854 shares |
| Share Holding Post Issue | 1,74,84,854 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Mar 26, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
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 January 31st, 2026, the company had 56 employees in various departments.
Competitive Strength
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 89.57 | 74.18 | 68.44 | 43.79 |
| Total Income | 56.03 | 114.04 | 86.01 | 53.46 |
| Profit After Tax | 3.81 | 8.66 | 3.05 | 0.42 |
| EBITDA | 8.00 | 15.18 | 6.73 | 1.79 |
| NET Worth | 29.35 | 16.23 | 7.58 | 4.52 |
| Reserves and Surplus | 18.20 | 15.39 | 6.73 | 3.68 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards purchase of Machinery and equipment | 21.36 |
| 2 | Funding working capital requirements | 21.95 |
| 3 | Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company | 11.00 |
| 4 | General corporate purposes | |
| Total | 54.32 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 69.21% |
| ROCE | 66.21% |
| Debt/Equity | 1.10 |
| RoNW | 53.34% |
| PAT Margin | 7.63% |
| EBITDA Margin | 13.31% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 85.17% |
Lead Manager Reports
Merritronix IPO is a SME IPO of 47,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Merritronix IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Merritronix IPO using UPI as a payment gateway. Zerodha customers can apply in Merritronix IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Merritronix IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Merritronix IPO dates are not announced. Please check back again after some time.
Merritronix IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Merritronix IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Merritronix IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Merritronix IPO allotment status.
The Merritronix IPO listing date is not yet announced. The tentative date of listing is .
