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Merritronix IPO IPO

SME1 Jun 20263 Jun 2026
Open
1 Jun 2026
Close
3 Jun 2026
3
Allotment
Listing
Mon, Jun 8, 2026
Price Band
₹141 to ₹149
Issue Size
47,00,000 shares (agg. up to ₹70 Cr)
Lot Size
1,000 Shares
Listing Date
Mon, Jun 8, 2026
Latest GMP
₹68
Est. Gain
45.64%
✦ AI Insight

GMP Trend

08-06-202668Est. ₹217+45.64%
07-06-202668Est. ₹217+45.64%
06-06-202663Est. ₹212+42.28%

Live Subscription

CategorySubscription (times)
Total221.04x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets154.4074.1868.44
Total Income156.25114.0486.01
Profit After Tax16.108.663.05
EBITDA27.2215.186.73
NET Worth52.5216.237.58
Reserves and Surplus40.3415.396.73
Total Borrowing43.2018.5715.82
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Adisoft Technologies Ltd.SME₹74.10 Cr₹17212.82₹215.25+25.15%₹186.55 (-3.74%)
Highness Microelectronics Ltd.SME₹21.67 Cr₹12016.7₹129.75+8.12%₹189.90 (+0.21%)
Tipco Engineering India Ltd.SME₹60.55 Cr₹898.73₹84.79-4.73%₹195.05 (+4.98%)
Gabion Technologies India Ltd.SME₹29.16 Cr₹8112.18₹93.41+15.32%₹86.90 (-1.63%)
Admach Systems Ltd.SME₹42.60 Cr₹23919.56₹200.75-16.00%₹375.50 (+4.99%)
Apollo Techno Industries Ltd.SME₹47.96 Cr₹1309.43₹151.95+16.88%₹81.00 (-0.25%)
HRS Aluglaze Ltd.SME₹50.92 Cr₹9626.07₹132.30+37.81%₹245.00 (-1.35%)
Purple Wave Infocom Ltd.SME₹31.45 Cr₹1269.33₹130.50+3.57%₹117.50 (+0.13%)
Shining Tools Ltd.SME₹17.10 Cr₹11416.18₹98.80-13.33%₹74.61 (-4.98%)
True Colors Ltd.SME₹127.96 Cr₹19114.66₹183.05-4.16%₹149.60 (-1.12%)
L.T.Elevator Ltd.SME₹39.37 Cr₹7812.31₹142.90+83.21%₹252.30 (+4.99%)
Airfloa Rail Technology Ltd.SME₹91.10 Cr₹1409.57₹279.30+99.50%₹348.00 (-2.04%)
Taurian MPS Ltd.SME₹42.53 Cr₹17111.29₹220.50+28.95%₹357.25 (+2.14%)
Cryogenic OGS Ltd.SME₹17.77 Cr₹478.06₹93.76+99.49%₹302.00 (+1.34%)
Patil Automation Ltd.SME₹69.61 Cr₹12016.43₹162.75+35.62%₹191.25 (+0.63%)
Omnitech Engineering Ltd.Mainboard₹583.00 Cr₹22754.47₹204.93-9.72%₹570.75 (+1.52%)
Epack Prefab Technologies Ltd.Mainboard₹504.00 Cr₹20429.49₹190.66-6.54%₹249.31 (-3.19%)
Aditya Infotech Ltd.Mainboard₹1,300.00 Cr₹67521.09₹1,082.65+60.39%₹3,800.00 (+1.91%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Capital expenditure towards purchase of Machinery and equipment21.36
2Funding working capital requirements21.95
3Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company12.72
4General corporate purposes7.91
5Issue expenses6.09
Total70.03

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 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

Contact Details

Merritronix Ltd. AddressC-22, Electronic ComplexKushaigudaHyderabad, Telangana, 500062+91 8297912056cs@merritronix.comVisit Website