Merritronix IPO Description – Merritronix operates as an Electronics Systems Design and Manufacturing (ESDM) player, focusing on high-reliability and mission-critical electronic systems for defence, aerospace, telecommunications, and industrial applications. It follows a B2B model, offering end-to-end electronic manufacturing services including component sourcing, PCB assembly, system integration, testing, and box-build solutions, aligned with stringent quality requirements of India’s strategic sectors.
A key strength lies in its Surface-Mount Technology (SMT) capabilities, enabling assembly of advanced components such as BGA and micro-BGA used in high-performance and miniaturised systems. As of December 2025, the company has an installed capacity of 17.85 lakh units annually, including 7.65 lakh SMT boards, 6 lakh THT boards, and 4.2 lakh box-build units, indicating a scalable manufacturing base. The business model spans job work, turnkey manufacturing (build-to-print), obsolescence management, and component trading. The company has strategically moved up the value chain—from basic manufacturing to high-margin turnkey and lifecycle support solutions—particularly catering to defence and aerospace clients. As of 31 Jnuary 2026, the company employs a staff of 56.
Promoters of Merritronix – Dovari Yesudas, Dovari Amarnath, Vanaja D, Darsy Kethan Chandra, and Dovari Thaman
Merritronix IPO Details
| Merritronix IPO Dates | Coming soon |
| Merritronix Issue Price | Coming soon |
| Fresh Issue | 47,00,000 shares |
| Offer For Sale | Nil |
| Total IPO Size | 47,00,000 shares |
| Minimum Bid | Coming soon |
| Lot Size | Coming soon |
| Pre-issue Shares | 1,27,84,854 shares |
| Face Value | INR 10 per share |
| Listing On | BSE SME |
Merritronix IPO Category Allocation
Merritronix Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 53.17 | 85.70 | 113.56 | 55.95 |
| Expenses | 52.89 | 81.72 | 101.64 | 50.57 |
| Net Income | 0.42 | 3.05 | 8.66 | 3.81 |
| Margin (%) | 0.79 | 3.56 | 7.63 | 6.81 |
Merritronix Offer News
Merritronix Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.38 | 2.80 | 7.95 |
| PE Ratio | – | – | – |
| Price/Book Ratio | – | – | – |
| Price/Sales Ratio | – | – | – |
| Current Ratio | 1.17 | 1.11 | 1.35 |
| RONW (%) | 9.26 | 40.27 | 53.34 |
| NAV | 4.71 | 7.51 | 15.46 |
| ROCE (%) | 12.25 | 43.13 | 66.21 |
| EBITDA (%) | 3.35 | 7.82 | 13.31 |
| Debt/Equity | 2.63 | 1.93 | 1.10 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Merritronix IPO Anchor Investors
Merritronix raises () from anchor investors. Merritronix Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Merritronix Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Capital expenditure towards the purchase of Machinery and equipment – INR 21.36 crore
- Funding working capital requirements – INR 21.95 crore
- Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the company – INR 11 crore
Merritronix IPO GMP Today
Merritronix IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.
Merritronix IPO Allotment Status
You can check Merritronix IPO allotment status on Bigshare Services’ website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Merritronix IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| IPO Listing Date | Coming soon |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Merritronix Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: [email protected]
Website: www.gyrcapitaladvisors.com
Merritronix Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2 6th Floor, Pinnacle Business Park,
Mahakali Caves Rd, next to Ahura Centre,
Andheri East, Mumbai-400093
Tel: 022-62638200
E-mail: [email protected]
Website: www.bigshareonline.com
MERRITRONIX LIMITED
C-22, Electronic Complex, Kushaiguda,
Hyderabad, Telangana, India, 500062
Phone: +91 8297912056
E-mail: [email protected]
Website: www.merritronix.com
IPO Resources
What is the Merritronix offer size?
Merritronix offer size is INR NA crores.
What is the Merritronix offer price band?
Merritronix public offer price is INR NA per share.
What is the lot size of the Merritronix IPO?
Merritronix offer lot size is NA shares.
What is the Merritronix IPO GMP today?
Merritronix IPO GMP today is INR NA per share.
What is the Merritronix IPO Subject to Sauda rate today?
Merritronix Subject to Sauda rate today is INR NA per application.
