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Merritronix Ltd.

SME
ListedListed on 8 Jun 2026+90.0%

Price Range

₹141–149

Issue Size

₹ 50 Cr

Lot Size

2000 Shares

Min. Investment

₹ 2,82,000

Financial Summary

(in crores)
ParticularsFY 2025-26FY 2024-25
Operating Revenue15,589.5611,356.38
Other Income35.2747.62
Total Income15,624.8311,404
Total Expenses12,867.519,842.35
Profit Before Tax2,301.991,239.65
Total Profit1,610.3865.95

Subscription Details

293.31xTotal
Subscription
Retail
297.67x
NII - Small
0.00x
NII - Big
0.00x
QIB
224.91x
Employees
0.00x

IPO Timeline

IPO Offer Start

1 Jun 2026

IPO Offer Ends

3 Jun 2026

Listing Date

8 Jun 2026

Use of Proceeds

#PurposeAmount (₹ Cr)
1Capital expenditure towards purchase of Machinery and equipment213.643
2Funding working capital requirements 219.521
3Repayment/ prepayment, in full or part, of all or certain outstanding 110

Promoters

Dovari YesudasDovari AmarnathVanaja DDarsy Kethan ChandraDovari Thaman

Promoter Shareholding

Pre-IPO

85.17%

Promoter stake

Post-IPO

62.27%

Promoter stake

Offered to Public

33,64,000

shares

Post Share Capital

1,08,89,400

shares

About the Company

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 integration, testing, box-build solutions and delivery of finished electronic products — executed to the quality standards required by India's strategic defence and aerospace programmes. This integrated manufacturing and design support capability enables us to serve industries that require reliable and performanceoriented electronic systems. A key part of our manufacturing process is Surface-Mount Technology (“SMT”), which involves assembling electronic components directly onto the surface of printed circuit boards (PCBs) using automated placement systems and controlled reflow processes. Our SMT capabilities include the assembly of advanced packaging technologies such as Ball Grid Array (BGA) and micro-BGA components, commonly used in high-performance and miniaturized electronic systems. Our manufacturing facility as on December 31, 2025 has an installed capacity of 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/box build, aggregating to a total installed capacity of 17,85,000 production units per annum.

Use of Proceeds

1.Capital expenditure towards purchase of Machinery and equipment2.Funding working capital requirements 3.Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company 4.General corporate purposes