Merritronix Limited
ListedSMEElectronics / Electrical Equipment · BSE
Incorporated in October 1988, Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company focused on producing high-reliability, mission-critical electronic assemblies for sectors such as defence, aerospace, telecom, and industrial electronics. The company operates on a B2B model, offering end-to-end services including component sourcing, PCB assembly (SMT and THT), system integration, testing, and box-build solutions, all aligned with stringent defence and aerospace standards in India. As of December 31, 2025, it has an installed capacity of 7,65,000 SMT boards, 6,00,000 THT boards, and 4,20,000 units for product assembly, totaling 17,85,000 units annually. The company is certified under EN 9100:2018 (equivalent to AS 9100D and JISQ 9100:2016) along with ISO 9001:2015, ensuring high-quality manufacturing standards. It serves clients across defence, aerospace, heavy industries, power, and utilities, and as of January 31, 2026, had 56 employees across departments.
Price Band
₹141 – ₹149
Issue Size
₹470.00 L Cr
Lot Size
1000 shares
GMP
₹52
+34.9%
Est. Listing
₹201
at current GMP
Subscribed
315.44x
overall
Open
1 Jun 2026
Close
3 Jun 2026
Allotment
4 Jun 2026
Refund
5 Jun 2026
Demat Credit
6 Jun 2026
Listing
8 Jun 2026
Last updated 4 months ago
Overall Subscription
315.44x
Total Demand
QIB Multiplier
224.91x
Institutions & Funds
NII / HNI
476.94x
High Net-Worth
Retail (RII)
297.67x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 892,000 | 200,616,000 | 224.91x |
| NIB | 672,000 | 320,507,000 | 476.94x |
| HNIs(10L +) | 448,000 | 252,608,000 | 563.86x |
| HNIs (2-10L) | 224,000 | 67,899,000 | 303.12x |
| RETAIL | 1,564,000 | 465,558,000 | 297.67x |
| Total | 3,800,000 | 1,307,188,000 | 315.44x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 170 | 0.00x |
| NIB | — | 54,557 | 0.00x |
| RETAIL | 782 | 232,779 | 297.67x |
| EMPLOYEES | — | — | 0.00x |
| HNIs(10L +) | 149 | 33,399 | 224.15x |
| HNIs (2-10L) | 75 | 21,158 | 282.11x |
| Shareholder | — | — | 0.00x |
| Total Applications | 1,006 | 342,063 | 340.02x |
Day-Wise Subscription Progress
About Merritronix Limited Public Issue & Market Profile
Merritronix Limited is bringing an initial public offering (IPO) in the Electronics / Electrical Equipment sector with an aggregate issue size of ₹47,00,000 Crores. The shares are offered at a price band of ₹141 to ₹149 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2026-06-03, the basis of allotment is scheduled to be finalized on 2026-06-04. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is the issue size and price band for Merritronix Limited IPO?
The Merritronix Limited IPO aggregate issue size is ₹47,00,000 Crores with an equity price band set at ₹141 to ₹149 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,49,000.
How can I check Merritronix Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Merritronix Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2026-06-04.