Merritronix IPO
Electronics • ₹70.03 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹149
Lot Size
1000 shares
Issue Size
₹70.03 Cr
Open
01 Jun 2026
Close
03 Jun 2026
Subscription
288×
IPO Schedule
| Issue Open Date | 01 Jun 2026 |
| Issue Close Date | 03 Jun 2026 |
| Listing Date | 07 Jun 2026 |
About Merritronix
Merritronix is an Electronics Systems Design and Manufacturing (ESDM) company engaged in manufacturing high-reliability electronic assemblies and systems for sectors such as defence, aerospace, telecommunications, and industrial electronics. The company provides business-to-business (B2B) electronic manufacturing services, including component sourcing, printed circuit board (PCB) assembly, system integration, testing, box-build solutions, and delivery of finished electronic products. Its operations also include turnkey manufacturing, job work, obsolescence management for legacy electronic systems, and trading of electronic and electromechanical components. Merritronix uses Surface-Mount Technology (SMT) and Through-Hole Technology (THT) assembly processes and also undertakes box-build and system integration activities. As of March 31, 2026, the company had an installed manufacturing capacity of 1,785,000 production units per annum. Its registered office and manufacturing facility are located in Hyderabad, Telangana.
Company Details
Founders / Promoters
Mr Dovari Amarnath
Founded
1988
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Merritronix — IPOFins Verdict
QuantitativeDriven by QIB demand at 221.4x and elevated disclosed risk (7/10), Merritronix listed at a premium of 90.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company operates in the niche segment of high-reliability and mission-critical electronics manufacturing for defence and aerospace applications. Defence and aerospace applications contributed 97.8
- Merritronix claims to have experience in manufacturing electronic assemblies for missile systems, airborne radar systems, and digital video recording systems used in defence aircraft platforms. These
- The company claims to have capabilities in obsolescence management for legacy defence and aerospace electronic systems. Its services include reverse engineering, development of Form-Fit-Function (FFF)
- The company is EN 9100:2018 certified for manufacturing printed circuit board assemblies (PCBAs) for aerospace and defence applications. This certification is equivalent to AS 9100D and JISQ 9100:2016
- Merritronix claims to have modern SMT infrastructure that includes Panasonic NPM D3A and Juki 2060 high-speed SMT lines, along with Maker-Ray 3D Automated Optical Inspection (AOI) and X-ray inspection
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹149
Listing Price
₹283.1
Listing Gain/Loss
+90.00%
Listing Date
07 Jun 2026
Price Since Listing
Returns are measured against the ₹149 issue price.
Listing
₹283.1
+90.0%
1 Week
₹361.25
+142.4%
1 Month
₹380
+155.0%
Current
₹347
+132.9%
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Trade Merritronix on the secondary market
FAQ
What is the price band of Merritronix IPO?
The price band is ₹149 per share with a lot size of 1000 shares. Minimum investment: ₹1,49,000.
What does Merritronix do?
Merritronix is an Electronics Systems Design and Manufacturing (ESDM) company engaged in manufacturing high-reliability electronic assemblies and systems for sectors such as defence, aerospace, telecommunications, and industrial electronics. The company provides business-to-business (B2B) electronic manufacturing services, including component sourcing, printed circuit board (PCB) assembly, system integration, testing, box-build solutions, and delivery of finished electronic products. Its operations also include turnkey manufacturing, job work, obsolescence management for legacy electronic systems, and trading of electronic and electromechanical components. Merritronix uses Surface-Mount Technology (SMT) and Through-Hole Technology (THT) assembly processes and also undertakes box-build and system integration activities. As of March 31, 2026, the company had an installed manufacturing capacity of 1,785,000 production units per annum. Its registered office and manufacturing facility are located in Hyderabad, Telangana.
Should I apply for Merritronix IPO?
Merritronix listed at ₹283.1 (+90.0% premium to the ₹149 issue price) after 288.3x subscription. IPOFins Score 8/10: Driven by QIB demand at 221.4x and elevated disclosed risk (7/10), Merritronix listed at a premium of 90.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Merritronix?
Merritronix was founded by Mr Dovari Amarnath in 1988.