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The Merritronix IPO will open for subscription on June 1, 2026, and close on June 3, 2026. It is a Book Built Issue through which the company plans to raise approximately ₹70.03 crore. The IPO consists entirely of a fresh issue worth ₹70.03 crore, while the offer for sale (OFS) portion details are yet to be announced. The face value of each equity share is ₹10.
The price band for the Merritronix IPO has been fixed at ₹141 to ₹149 per share. The issue allocation is reserved as 50% for Qualified Institutional Buyers (QIBs), 15% for High Net-worth Individuals (HNIs), and 35% for retail investors.
The shares of Merritronix are proposed to be listed on the BSE SME platform on June 8, 2026. The IPO allotment is expected to be finalized on June 4, 2026.
On the financial front, the company has shown strong growth performance. Merritronix reported revenue of ₹156.25 crore in FY2026 compared to ₹114.04 crore in FY2025. Net profit also increased significantly to ₹16.10 crore in FY2026 from ₹8.66 crore in FY2025.
Considering the company’s improving financial performance and profit growth, the IPO appears suitable for investors with a long-term investment perspective.
About Merritronix IPO
Merritronix Limited, incorporated in October 1988, is an Electronics Systems Design and Manufacturing (ESDM) company engaged in manufacturing high-reliability and mission-critical electronic assemblies. The company primarily caters to industries such as defence, aerospace, telecommunications, and industrial electronics.
Merritronix offers end-to-end B2B electronic manufacturing solutions, including component sourcing, PCB assembly, system integration, testing, box-build services, and delivery of fully assembled electronic products. Its operations are aligned with stringent quality and compliance standards required in India’s defence and aerospace sectors.
As of December 31, 2025, the company operates a manufacturing facility with a total installed production capacity of 17,85,000 units per annum. This capacity includes 7,65,000 units for Surface Mount Technology (SMT) assembly, 6,00,000 units for Through-Hole Technology (THT) assembly, and 4,20,000 units dedicated to product assembly and box-build operations.
Merritronix IPO Valuation – FY2026
Check Merritronix IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 46.03% |
| ROCE: | 45.26% |
| EBITDA Margin: | 17.42% |
| PAT Margin: | 10.33% |
| Debt to equity ratio: | 0.81 |
| Earning Per Share (EPS): | ₹13.92 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.66% |
| Net Asset Value (NAV): | ₹41.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Centum Electronics Limited | NA | NA | 15.09 | 233.36 | 968.57 Cr. |
| Vinyas Innovative Technologies Limited | 15.43 | 62.85 | 13.22 | 116.77 | 400.15 Cr. |
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Pvt.Ltd.