Merritronix
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 01 to Jun 03 2026
Price Band
₹141 - 149
Current GMP
₹283.1 (+90%)
Subscription
315.36 times
IPO Details
| IPO Date | 1 to 3 Jun, 2026 |
| Listing Date | Mon, Jun 8, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹141 to ₹149 |
| Issue Price | ₹149 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 47,00,000 shares (agg. up to ₹ 70 Cr) |
| Reserved for Market Maker | 2,36,000 shares (agg. up to ₹ 4 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 44,64,000 shares (agg. up to ₹ 67 Cr) |
| Net Offered to Public | 44,64,000 shares (agg. up to ₹ 67 Cr) |
| Share Holding Pre Issue | 1,27,84,854 shares |
| Share Holding Post Issue | 1,74,84,854 shares |
| BSE Script Code / | 544773 / |
| ISIN | INE1RQS01010 |
IPO Date
1 to 3 Jun, 2026
Listing Date
Mon, Jun 8, 2026
Face Value
₹ 10 per share
Price Band
₹141 to ₹149
Issue Price
₹149 per share
Lot Size
1,000 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
47,00,000 shares (agg. up to ₹ 70 Cr)
Reserved for Market Maker
2,36,000 shares (agg. up to ₹ 4 Cr) Giriraj Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)
44,64,000 shares (agg. up to ₹ 67 Cr)
Net Offered to Public
44,64,000 shares (agg. up to ₹ 67 Cr)
Share Holding Pre Issue
1,27,84,854 shares
Share Holding Post Issue
1,74,84,854 shares
BSE Script Code /
544773 /
ISIN
INE1RQS01010
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 224.91 |
| NII*** | 476.59 |
| bNII (> ₹10L) | 563.33 |
| sNII (< ₹10L) | 303.12 |
| Individual Investors | 297.67 |
| Total ** | 315.36 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
224.91
NII***
476.59
bNII (> ₹10L)
563.33
sNII (< ₹10L)
303.12
Individual Investors
297.67
Total **
315.36
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Jun 1 (Day 1) | 0.00 | 21.63 | 49.49 | 18.05 | 22.62 | 15.96 |
| Jun 2 (Day 2) | 3.09 | 107.11 | 122.00 | 77.33 | 89.25 | 68.52 |
| Jun 3 (Day 3) | 224.91 | 476.59 | 563.33 | 303.12 | 297.67 | 315.36 |
DayJun 1
(Day 1)
QIB (Ex Anchor)0.00
NII*21.63
NII (> ₹10L)49.49
NII (< ₹10L)18.05
Individual Investors22.62
Total15.96
DayJun 2
(Day 2)
QIB (Ex Anchor)3.09
NII*107.11
NII (> ₹10L)122.00
NII (< ₹10L)77.33
Individual Investors89.25
Total68.52
DayJun 3
(Day 3)
QIB (Ex Anchor)224.91
NII*476.59
NII (> ₹10L)563.33
NII (< ₹10L)303.12
Individual Investors297.67
Total315.36
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-06-2026 | 149.00 | 68(45.64%) | 217 |
| 07-06-2026 | 149.00 | 68(45.64%) | 217 |
| 06-06-2026 | 149.00 | 63(42.28%) | 212 |
| 05-06-2026 | 149.00 | 73(48.99%) | 222 |
| 04-06-2026 | 149.00 | 69(46.31%) | 218 |
| 03-06-2026 | 149.00 | 80(53.69%) | 229 |
| 02-06-2026 | 149.00 | 90(60.40%) | 239 |
| 01-06-2026 | 149.00 | 90(60.40%) | 239 |
| 31-05-2026 | 149.00 | 88(59.06%) | 237 |
| 30-05-2026 | 149.00 | 88(59.06%) | 237 |
| 29-05-2026 | 149.00 | 82(55.03%) | 231 |
| 28-05-2026 | 149.00 | 90(60.40%) | 239 |
| 27-05-2026 | 149.00 | 92(61.74%) | 241 |
| 26-05-2026 | 149.00 | 87(58.39%) | 236 |
| 25-05-2026 | 149.00 | 90(60.40%) | 239 |
| 24-05-2026 | 149.00 | 93(62.42%) | 242 |
| 23-05-2026 | 149.00 | 93(62.42%) | 242 |
| 22-05-2026 | 149.00 | 85(57.05%) | 234 |
| 21-05-2026 | 149.00 | 78(52.35%) | 227 |
| 20-05-2026 | 149.00 | 45(30.20%) | 194 |
Date08-06-2026
Price149.00
GMP68(45.64%)
Estimate List Price217
Date07-06-2026
Price149.00
GMP68(45.64%)
Estimate List Price217
Date06-06-2026
Price149.00
GMP63(42.28%)
Estimate List Price212
Date05-06-2026
Price149.00
GMP73(48.99%)
Estimate List Price222
Date04-06-2026
Price149.00
GMP69(46.31%)
Estimate List Price218
Date03-06-2026
Price149.00
GMP80(53.69%)
Estimate List Price229
Date02-06-2026
Price149.00
GMP90(60.40%)
Estimate List Price239
Date01-06-2026
Price149.00
GMP90(60.40%)
Estimate List Price239
Date31-05-2026
Price149.00
GMP88(59.06%)
Estimate List Price237
Date30-05-2026
Price149.00
GMP88(59.06%)
Estimate List Price237
Date29-05-2026
Price149.00
GMP82(55.03%)
Estimate List Price231
Date28-05-2026
Price149.00
GMP90(60.40%)
Estimate List Price239
Date27-05-2026
Price149.00
GMP92(61.74%)
Estimate List Price241
Date26-05-2026
Price149.00
GMP87(58.39%)
Estimate List Price236
Date25-05-2026
Price149.00
GMP90(60.40%)
Estimate List Price239
Date24-05-2026
Price149.00
GMP93(62.42%)
Estimate List Price242
Date23-05-2026
Price149.00
GMP93(62.42%)
Estimate List Price242
Date22-05-2026
Price149.00
GMP85(57.05%)
Estimate List Price234
Date21-05-2026
Price149.00
GMP78(52.35%)
Estimate List Price227
Date20-05-2026
Price149.00
GMP45(30.20%)
Estimate List Price194
IPO Important Dates
| IPO Open | Mon, Jun 1, 2026 |
| IPO Close | Wed, Jun 3, 2026 |
| Allotment | Thu, Jun 4, 2026 |
| Refund | Fri, Jun 5, 2026 |
| Credit of Shares | Fri, Jun 5, 2026 |
| Listing | Mon, Jun 8, 2026 |
IPO Open
Mon, Jun 1, 2026
IPO Close
Wed, Jun 3, 2026
Allotment
Thu, Jun 4, 2026
Refund
Fri, Jun 5, 2026
Credit of Shares
Fri, Jun 5, 2026
Listing
Mon, Jun 8, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,000 | ₹2,98,000 |
| Individual investors (IND) (Max) | 2 | 2,000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,47,000 |
| S-HNI (Max) | 6 | 6,000 | ₹8,94,000 |
| B-HNI (Min) | 7 | 7,000 | ₹10,43,000 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares2,000
Amount₹2,98,000
ApplicationIndividual investors (IND) (Max)
Lots2
Shares2,000
Amount₹2,98,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹4,47,000
ApplicationS-HNI (Max)
Lots6
Shares6,000
Amount₹8,94,000
ApplicationB-HNI (Min)
Lots7
Shares7,000
Amount₹10,43,000
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 154.40 | 74.18 | 68.44 |
| Total Income | 156.25 | 114.04 | 86.01 |
| Profit After Tax | 16.10 | 8.66 | 3.05 |
| EBITDA | 27.22 | 15.18 | 6.73 |
| NET Worth | 52.52 | 16.23 | 7.58 |
| Reserves and Surplus | 40.34 | 15.39 | 6.73 |
| Total Borrowing | 43.20 | 18.57 | 15.82 |
Period EndedAssets
31 Mar 2026154.40
31 Mar 202574.18
31 Mar 202468.44
Period EndedTotal Income
31 Mar 2026156.25
31 Mar 2025114.04
31 Mar 202486.01
Period EndedProfit After Tax
31 Mar 202616.10
31 Mar 20258.66
31 Mar 20243.05
Period EndedEBITDA
31 Mar 202627.22
31 Mar 202515.18
31 Mar 20246.73
Period EndedNET Worth
31 Mar 202652.52
31 Mar 202516.23
31 Mar 20247.58
Period EndedReserves and Surplus
31 Mar 202640.34
31 Mar 202515.39
31 Mar 20246.73
Period EndedTotal Borrowing
31 Mar 202643.20
31 Mar 202518.57
31 Mar 202415.82
Key Performance Indicator
| 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 |
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
IPO Reservation
| QIB Shares Offered | 22,28,000 |
| − Anchor Investor Shares Offered | 13,36,000 |
| − QIB (Ex. Anchor) Shares Offered | 8,92,000 |
| NII (HNI) Shares Offered | 6,72,000 |
| − bNII > ₹10L | 4,48,000 |
| − sNII < ₹10L | 2,24,000 |
| Retail Shares Offered | 15,64,000 |
| Market Maker Shares Offered | 2,36,000 |
| Total Shares Offered | 47,00,000 |
QIB Shares Offered
22,28,000
− Anchor Investor Shares Offered
13,36,000
− QIB (Ex. Anchor) Shares Offered
8,92,000
NII (HNI) Shares Offered
6,72,000
− bNII > ₹10L
4,48,000
− sNII < ₹10L
2,24,000
Retail Shares Offered
15,64,000
Market Maker Shares Offered
2,36,000
Total Shares Offered
47,00,000
Information about company
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
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Capital expenditure towards purchase of Machinery and equipment
2: Funding working capital requirements
3: Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company
4: General corporate purposes
: Total
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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