Merritronix IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 86.01 | 114.04 | 156.25 |
| Expense | 81.72 | 101.64 | 133.23 |
| Profit (PAT) | 3.05 | 8.66 | 16.10 |
| Total Assets | 68.44 | 74.18 | 154.40 |
Promoters: Dovari Yesudas, Dovari Amarnath, Vanaja D, Darsy Kethan Chandra and Dovari Thaman
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,27,84,854 | 85.17% |
Strengths & Risks
- Heavily oversubscribed — 293.2x overall (so far).
- Strong institutional (QIB) demand — 224.9x.
- Revenue grew 37% in the latest reported year.
- Solid profit margin — 10.3%.
- Strong return on equity — 46%.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Merritronix Limited, incorporated in October 1988, is an Electronics Systems Design and Manufacturing (ESDM) company that focuses on producing high-reliability and mission-critical electronic assemblies for sectors such as defence, aerospace, telecom, and industrial electronics. The company provides B2B services, including sourcing of components, PCB assembly, system integration, testing, box building, and delivery of fully finished electronic products, all in compliance with India’s defence and aerospace standards. As of December 31, 2025, its manufacturing facility has a total installed capacity of 17,85,000 units per year, which includes 7,65,000 boards for SMT assembly, 6,00,000 boards for Through-Hole Technology (THT) assembly, and 4,20,000 units for product assembly and box-build operations aggregating to a total installed capacity of 17,85,000 production units per annum.
| Purpose | Amount (Cr) |
|---|---|
| Capital expenditure towards purchase of Machinery and equipment | 21.36 |
| Funding working capital requirements | 21.95 |
| Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company | 12.72 |
| General corporate purposes | - |
Resources & Documents
Merritronix Ltd., C-22, Electronic Complex, Kushaiguda, Hyderabad, Telangana, 500062
Merritronix has set a price band of Rs 141–Rs 149 per share for an issue size of Rs 70 crore. The stock listed with a 90.00% gain versus its issue price on June 08, 2026.
Merritronix Limited, incorporated in October 1988, is an Electronics Systems Design and Manufacturing (ESDM) company that focuses on producing high-reliability and mission-critical electronic assemblies for sectors such as defence, aerospace, telecom, and industrial electronics. The company provides B2B services, including sourcing of components, PCB assembly, system integration, testing, box building, and delivery of fully finished electronic products, all in compliance with India’s defence and aerospace standards.
The issue is promoted by Dovari Yesudas, Dovari Amarnath, Vanaja D, Darsy Kethan Chandra and Dovari Thaman with GYR Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Capital expenditure towards purchase of Machinery and equipment (Rs 21 crore) and Funding working capital requirements (Rs 22 crore).
Grey market is quoting a premium of +Rs 61 (+40.9% over issue price), down Rs 27 from the previous session. Final subscription data records overall subscription at 293.22x, retail at 297.50x, QIB at 224.91x, NII at 352.97x.
On fundamentals, the company is posting revenue growth of 37.0%, a profit margin of 10.3%, return on equity of 46.0% in its most recent reported period. Listed peers in this segment include Vinyas Innovative Technologies Limited (P/E 62.85x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Merritronix IPO GMP — What It Means
The latest grey market premium for Merritronix IPO is ₹61 (+40.9%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Merritronix it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Merritronix GMP history and trend, or learn how grey market premium works and how reliable it is.
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