GMP IPO Watch
Merritronix IPO 2026: Electronics and EMS Company Plans Expansion Amid India's Manufacturing Boom
Merritronix IPO has attracted investor attention as the electronics manufacturing company ...
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M
SME IPO
LISTED
NSE, BSE
MERRITRONIX
Merritronix IPO
Merritronix IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹134.1
+90.0%
Est. Listing: ₹283.10
Price Band
₹141 - ₹149
Per equity share
Lot Size
1000 Shares
Min Invest: ₹2,98,000
Issue Size
₹149 Cr
Total Public Offering
Issue Dates
31 May 2026 – 2 June 2026
Bidding period
Subscription
15.96x
Total overall demand
Merritronix IPO Details
Key facts at a glance| IPO Open Date | 31 May 2026 | IPO Close Date | 2 June 2026 |
|---|---|---|---|
| Basis of Allotment | TBA | Listing Date | 7 June 2026 |
| Price Band | ₹141 - ₹149 per share | Face Value | ₹10 per share |
| Market Lot Size | 1000 Shares | Min Investment (Retail) | ₹2,98,000 |
| Total Issue Size | ₹149 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
Merritronix IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 31 May 2026 | Confirmed |
| IPO Close Date | 2 June 2026 | Confirmed |
| Basis of Allotment | TBA | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 7 June 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Merritronix IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,000 Shares | ₹2,98,000 |
| Retail (Max) | 2 Lots | 2,000 Shares | ₹2,98,000 |
| S-HNI (Min) | 3 Lots | 3,000 Shares | ₹4,47,000 |
| S-HNI (Max) | 6 Lots | 6,000 Shares | ₹8,94,000 |
| B-HNI (Min) | 7 Lots | 7,000 Shares | ₹10,43,000 |
Merritronix IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹134.1 +90.0%
Estimated Listing Price
₹283.10
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 2 Jun 2026 | ₹90 | ₹239.00 | +60.40% |
| 29 May 2026 | ₹0 | ₹149.00 | +0.00% |
| 25 May 2026 | ₹0 | ₹149.00 | +0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Merritronix IPO Subscription Status
Demand breakdown by investor category
Retail
22.62x
QIB
0.00x
NII / HNI
—
Total
15.96x
About Merritronix
Merritronix IPO Reservation & Share Quotas
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | 13,36,000 Shares | 28.43% |
| QIB (Ex. Anchor) | 8,92,000 Shares | 18.98% |
| NII Shares Offered | 6,72,000 Shares | 14.30% |
| Retail Shares Offered | 15,64,000 Shares | 33.28% |
Merritronix IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | [.] 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date (50% Shares - 30 Days) | 2026 |
| Lock-in Period End Date (50% Shares - 90 Days) | 2026 |
Merritronix IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 01 Jun 2026 |
| IPO Close Date | 03 Jun 2026 |
| Basis of Allotment | - |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 08 Jun 2026 |
Note: The timeline for Merritronix IPO is tentative and subject to change.
Merritronix Promoters and Shareholding Pattern
The promoters of the company are Dovari Yesudas, Dovari Amarnath, Vanaja D, Darsy Kethan Chandra, and Dovari Thaman.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,27,84,854 | 85.17% |
| Promoter Holding Post Issue | 1,74,84,854 | -% |
Merritronix Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
About Merritronix IPO
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.
Merritronix Company Financial Report
To Be Updated Soon
Merritronix Company Valuation & Key Performance Indicators
To Be Updated Soon
Merritronix Peer Group Comparison
To Be Updated Soon
Merritronix Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Centum Electronics Limited | NA | NA | 15.09% | 233.36 | ₹968.57 Cr. |
| Vinyas Innovative Technologies Limited | 15.43 | 62.85 | 13.22% | 116.77 | ₹400.15 Cr. |
Merritronix Lead Managers & Merchant Bankers
- GYR Capital Advisors Pvt.Ltd.
Merritronix IPO FAQs
Merritronix IPO opens for subscription on 31 May 2026 and closes on 2 June 2026.
The price band for Merritronix IPO is set at ₹141.00 to ₹149.00 per share.
The minimum market lot size is 1000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,000 Shares (₹2,98,000).
The latest Grey Market Premium (GMP) for Merritronix IPO is ₹134.10. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Merritronix IPO is tentatively scheduled for TBA, and shares are expected to list on the stock exchanges on 7 June 2026.
The registrar details will be confirmed in the official prospectus.
Merritronix IPO Analysis & Articles