
Merritronix Limited
MRTXListedSME IPO · BSE
Price Band
₹141 – ₹149
Lot Size
1000 shares
Issue Size
₹70 Cr
GMP (Grey Market Premium)
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Merritronix Ltd. is an Electronics Systems Design and Manufacturing (ESDM) company that provides high-reliability electronic assemblies and systems mainly for the defence, aerospace, telecommunications and specialised industrial electronics sectors. The company operates as a business-to-business (B2B) manufacturer and offers services such as component sourcing, printed circuit board (PCB) assembly, system integration, testing, box-build solutions and delivery of finished electronic products. Its manufacturing capabilities include Surface-Mount Technology (SMT), Through-Hole Technology (THT) assembly and product integration for mission-critical applications. Merritronix also earns revenue from turnkey manufacturing, job work services, obsolescence management and trading sales. Over the years, the company has expanded from telecom component supply into defence and aerospace electronics manufacturing, while also developing capabilities in lifecycle support and obsolete component management for legacy electronic systems.
| IPO Open Date | 1 Jun 2026 |
| IPO Close Date | 3 Jun 2026 |
| Basis of Allotment | 4 Jun 2026 |
| Refunds Initiation | 5 Jun 2026 |
| Listing Date | 8 Jun 2026 |
| Face Value | — |
| Fresh Issue | — |
| Offer for Sale | — |
| Minimum Investment (Retail) | ₹1,49,000 |
| Registrar | — |
| Lead Managers | — |
| Issue open date | 1 Jun 2026 |
| Issue close date | 3 Jun 2026 |
| UPI mandate deadline | 3 Jun 2026 |
| Allotment finalization | 4 Jun 2026 |
| Refund initiation | 5 Jun 2026 |
| Share credit | 5 Jun 2026 |
| Listing date | 8 Jun 2026 |
| Mandate end date | 18 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 3 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 1 Sept 2026 |
- Merritronix specialises in high-reliability electronics for defence, aerospace, and industrial applications.
- The company offers end-to-end services including PCB assembly, system integration, testing, and box-build solutions.
- It has expertise in obsolescence management for legacy electronic systems and components.
- Merritronix is an approved vendor for key defence and aerospace public sector entities.
- The company has EN 9100:2018 certification for aerospace and defence electronics manufacturing.
- The company depends heavily on a concentrated customer base in the defence and industrial sectors.
- It operates mainly as a B2B manufacturer with limited brand recognition.
- Any delay or cancellation of customer orders could affect revenue and profitability.
- The business faces pricing pressure due to competitive bidding in the EMS industry.
- Dependence on imported semiconductor chips may expose the company to supply chain risks.
