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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Merritronix Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹149
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,49,000
Issue Size
₹70.03 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.04%
QIB Quota
49.91%
NII Quota
15.05%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
85.17%
Promoter Holding (Post-Issue)
62.28%
Issue Type
Book Building - SME
ISIN
INE1RQS01010
We are an Electronics Systems Design and Manufacturing services ("ESDM") company specializing in high-reliability, missioncritical electronic assemblies and systems for defence, aerospace, telecommunications, Rapid Prototyping for design houses OEMs, Engineering services Companies and specialized industrial electronics. We are primarily engaged in business-to-business ("B2B") electronic manufacturing services, encompassing component sourcing, printed circuit board ("PCB") assembly, system integratio n, testing, box-build solutions and delivery of finished electronic products executed to the quality standards required by India's strategic defence and aerospace programmes.
Our Company was incorporated on the October 14, 1988 as "Merritronix Private Limited", a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Andhra Pradesh. Subsequently, a Certificate of Registration of Regional Director order, dated October 05, 2021 was issued by the Registrar of Companies pursuant to the shifting of the Registered Office of the Company from the "State of Andhra Pradesh" to the "State of Telangana", under the provisions of the Companies Act, 2013. Thereafter, our Company was converted into a public limited company pursuant to a resolution passed by our Shareholders at an Extraordinary General Meeting held on January 06, 2025, and consequently the name of our Company was changed to "Merritronix LTD.". A Fresh Certificate of Incorporation dated February 07, 2025 was issued by the Registrar of Companies, Central Registration Centre upon such conversion.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 47,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Merritronix Ltd (the "Company" or "Merritronix" or "Issuer") at an issue price of Rs. 149 per equity share (including a share premium of Rs. 139 per equity share) for cash, aggregating Rs. 70.03 Crores ("Public Issue") out of which 2,36,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 149 per equity share for cash, aggregating Rs. 3.52 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 44,64,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 149 per equity share for cash, aggregating Rs. 66.51 Crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.88% and 25.53% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 149/- per equity share of face value Rs. 10/- each. The floor price is 14.9 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.