M
Merritronix IPO Listing Price, Gain & Allotment
Listed
SME IPO
SME Platform
Listed 8 Jun 2026
· updated 5 months ago
Price band
₹149
GMP
+₹68
Est. listing price₹217
Est. listing gain45.64%
Issue size₹70.03 Cr
Merritronix IPO Details
Open DateMon, 1 Jun 2026
Close DateWed, 3 Jun 2026
Listing DateMon, 8 Jun 2026
Listing AtSME Platform
Price Band₹149 per share
Lot Size1,000 shares
Min. Investment₹2,98,000
Issue Size₹70.03 Cr
Merritronix IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Mon, 1 Jun
IPO Closes
Wed, 3 Jun
Basis of Allotment
Thu, 4 Jun
Tentative
Refunds Initiated
Fri, 5 Jun
Tentative
Shares Credited to Demat
Fri, 5 Jun
Tentative
Listing Date
Mon, 8 Jun
Merritronix IPO GMP Today
All IPO GMP
GMP today
+₹68
Est. listing price
₹217
Est. gain %
45.64%
Est. profit / lot
₹68,000
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
Merritronix IPO Listing Price & Gain
Issue price₹149
Listing price (BSE)₹283.1
Listing gain+90.00%
Listing-day close₹297.25 (+99.5%)
The last GMP before listing (₹68) pointed to about ₹217; the shares opened 44.4 points above that estimate. How accurate is GMP?
Merritronix IPO Allotment Status
The registrar for this IPO is Bigshare Services. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
Merritronix IPO Lot Size & Minimum Investment
At upper price band of ₹149| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,98,000 |
| Retail (Max) | 2 | 2,000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,47,000 |
| S-HNI (Max) | 6 | 6,000 | ₹8,94,000 |
| B-HNI (Min) | 7 | 7,000 | ₹10,43,000 |
Merritronix IPO analysis: what the numbers say
The ₹70.03 Cr issue is entirely a fresh issue, so all the money goes to the company.
Revenue rose from ₹86.01 Cr in FY24 to ₹156.25 Cr in FY26, a compound annual growth of 34.8%. Profit after tax grew from ₹3.05 Cr to ₹16.1 Cr. That is a net profit margin of 10.3% in FY26. Borrowings were 0.82 times net worth at the end of FY26.
Merritronix listed at ₹283.1 on 8 Jun 2026, +90.0% against the issue price of ₹149. The last GMP before listing had pointed to about ₹217, so it opened 44.4 points above the grey market estimate. It closed the first day at ₹297.25 (+99.5%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Merritronix IPO Issue Structure
Fresh issue ₹67 Cr (100%)
Offer for sale — (0%)
Face value₹10 / share
Market cap (post issue)—
Promoter holding (pre)85.17%
Promoter holding (post)—
- Book running lead managers
- GYR Capital Advisors Pvt. Ltd.
Objects of the Merritronix IPO
- Capital expenditure towards the purchase of Machinery and equipment. ~ Rs. 21.36 Cr.
- Funding working capital requirements. ~ Rs. 21.95 Cr.
- Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company. ~ Rs. 12.72 Cr.
- General Corporate Purposes.
Merritronix IPO Strengths & Risks
Strengths
- Three decades of Operating Legacy in Mission-Critical Defence and Aerospace Electronics.
- Established Track Record in Mission-Critical Defence and Aerospace programs.
- Strong Capabilities in Obsolescence Management and Lifecycle Extension.
- Modern SMT Infrastructure and IPC-A-610 Class 3 Assembly Capability.
- Strong Order Book providing revenue visibility.
Risks
- Lower Brand Recognition in Commercial Markets.
- High Capital Requirement.
- Competition from Global Players
- Rapid Technology Change.
Merritronix Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 86.01 | 114.04 | 156.25 |
| Profit after tax | 3.05 | 8.66 | 16.1 |
| Net worth | 7.58 | 16.23 | 52.52 |
| Total assets | 68.44 | 74.18 | 154.4 |
| Total borrowings | 15.82 | 18.57 | 43.2 |
| PAT margin | 3.55% | 7.59% | 10.3% |
Merritronix Key Performance Indicators (KPIs)
ROE46.03%
ROCE45.26%
RoNW30.66%
About Merritronix IPO
Merritronix is an SME IPO worth ₹70.03 crore with a price band of ₹149 per share. The issue opens on 1 June 2026 and closes on 3 June 2026. Shares are expected to list on 8 June 2026 on SME Platform.
Merritronix IPO under the SME IPO category is a bookbuild issue of Rs. 70.03 Cr by Merritronix Limited and is an Electronics Systems Design and Manufacturing (ESDM) organization that focuses on high-reliability, mission-critical electronic assemblies for defense, aerospace, telecom, and industrial electronics.
Component sourcing, PCB assembly, system integration, testing, box construction, and delivery of completed electronics are among the B2B services it provides. goods, all in accordance with Indian aerospace and defense requirements.
Merritronix IPO: FAQs
What was the listing price of Merritronix IPO?
Merritronix listed at ₹283.1 on 8 Jun 2026, +90.0% against the issue price of ₹149. The last GMP before listing had pointed to about ₹217, so it opened 44.4 points above the grey market estimate. It closed the first day at ₹297.25 (+99.5%).
What is the price band of Merritronix IPO?
The Merritronix IPO price band is ₹149 per share and the issue size is ₹70.03 crore.
What is the lot size and minimum investment for Merritronix IPO?
One lot of Merritronix IPO has 1,000 shares. The minimum application for retail investors is 2 lots (2,000 shares), which costs ₹2,98,000 at the upper price band.
When does Merritronix IPO open and close?
Merritronix IPO opens for subscription on Monday, 1 June 2026 and closes on Wednesday, 3 June 2026. Bids are accepted until 5 PM on the closing day.
What is the Merritronix IPO allotment date?
The basis of allotment for Merritronix IPO is expected to have been finalised on Thursday, 4 June 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check Merritronix IPO allotment status?
Visit the website of the registrar, Bigshare Services, select Merritronix IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is Merritronix IPO listing date?
Merritronix shares listed on SME Platform on Monday, 8 June 2026 at ₹283.1 per share.
Is Merritronix a mainboard or SME IPO?
Merritronix is an SME IPO, listing on the SME Platform platform. Individual investors must apply for at least two lots in SME IPOs.
Last updated 28 Sep 2026, 11:56 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.