Merritronix Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,228,000 | — | ₹33 Cr |
| NII (HNI) | — | 672,000 | — | ₹10 Cr |
| Retail | — | 1,564,000 | — | ₹23 Cr |
| Market Maker | — | 236,000 | — | ₹4 Cr |
| Σ Total | — | 4,700,000 | — | ₹70 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹149,000 |
| Retail (Max) | 13 | 13,000 | ₹1,937,000 |
| S-HNI (Min) | 14 | 14,000 | ₹2,086,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,983,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 156 | 114 | 86 |
| EBITDA | 27 | 15 | 7 |
| Profit After Tax | 16 | 9 | 3 |
| Net Worth | 53 | 16 | 8 |
| Total Assets | 154 | 74 | 68 |
| Reserves & Surplus | 40 | 15 | 7 |
| Total Borrowing | 43 | 19 | 16 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Capital expenditure towards purchase of Machinery and equipment – 21.36
- Funding working capital requirements – 21.95
- Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company – 12.72
- General corporate purposes –
Company Overview
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 March 31st, 2026, the company had 57 employees in various departments.
Competitive Strength
- Three decades of Operating Legacy in Mission-Critical Defence and Aerospace Electronics.
- Established Track Record in Mission-Critical Defence and Aerospace programs.
- Strong Capabilities in Obsolescence Management and Lifecycle Extension.
- Modern SMT Infrastructure and IPC-A-610 Class 3 Assembly Capability.
- Strong Order Book providing revenue visibility.
- Experienced Promoters and Senior Management