Merritronix Limited logo

Merritronix Limited

MRTXListed

SME IPO · BSE

Price Band

₹141 – ₹149

Lot Size

1000 shares

Issue Size

₹70 Cr

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About Merritronix Limited

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.

Issue Details
IPO Open Date1 Jun 2026
IPO Close Date3 Jun 2026
Basis of Allotment4 Jun 2026
Refunds Initiation5 Jun 2026
Listing Date8 Jun 2026
Face Value
Fresh Issue
Offer for Sale
Minimum Investment (Retail)₹1,49,000
Registrar
Lead Managers
IPO Timeline
Issue open date1 Jun 2026
Issue close date3 Jun 2026
UPI mandate deadline3 Jun 2026
Allotment finalization4 Jun 2026
Refund initiation5 Jun 2026
Share credit5 Jun 2026
Listing date8 Jun 2026
Mandate end date18 Jun 2026
Lock-in end date for anchor investors (50%)3 Jul 2026
Lock-in end date for anchor investors (remaining)1 Sept 2026
Strengths
  • 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.
Risks
  • 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.
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