Merritronix Limited
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₹52(34.90%)
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Following its successful public offering, Merritronix Limited's made its market debut on Jun 08, 2026 and is now actively traded on the BSEplatform. The IPO mobilized 47,00,000 Shares in total capital, including 47,00,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹141 to ₹149 and minimum investment lots of 1000 shares. Investor participation during the subscription window from Jun 01, 2026 to Jun 03, 2026 demonstrated market confidence in the company's prospects.
The allotment process concluded on Jun 04, 2026, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in October 1988, Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company focused on producing high-reliability, mission-critical electronic assemblies for sectors such as defence, aerospace, telecom, and industrial electronics. The company operates on a B2B model, offering end-to-end services including component sourcing, PCB assembly (SMT and THT), system integration, testing, and box-build solutions, all aligned with stringent defence and aerospace standards in India. As of December 31, 2025, it has an installed capacity of 7,65,000 SMT boards, 6,00,000 THT boards, and 4,20,000 units for product assembly, totaling 17,85,000 units annually. The company is certified under EN 9100:2018 (equivalent to AS 9100D and JISQ 9100:2016) along with ISO 9001:2015, ensuring high-quality manufacturing standards. It serves clients across defence, aerospace, heavy industries, power, and utilities, and as of January 31, 2026, had 56 employees across departments.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Defence & Aerospace Presence: Over three decades of experience in manufacturing mission-critical electronic systems for defence, aerospace, power, and industrial sectors.
- Proven Project Execution: Strong track record in delivering complex defence projects and advanced electronic systems.
- Expertise in Obsolescence Management: Capabilities in reverse engineering, component replacement, and lifecycle extension help support legacy systems.
- Limited Brand Recognition Risk: Operating mainly as a B2B ESDM service provider without a consumer-facing brand may limit pricing power and expansion opportunities.
- Operational & Quality Control Risk: Any failure in quality standards or manufacturing processes may affect product reliability and customer confidence.
- Customer Concentration Risk: Dependence on specialised defence and industrial customers may impact revenue if orders decline or projects are delayed.
- Dovari Yesudas
- Dovari Amarnath
- Vanaja D
- Darsy Kethan Chandra
- Dovari Thaman
Merritronix Limited
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