Merritronix IPO
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Merritronix IPO details
Schedule of Merritronix
| Issue open date | 01 Jun 2026 |
| Issue close date | 03 Jun 2026 |
| UPI mandate deadline | 03 Jun 2026 (5 PM) |
| Allotment finalization | 04 Jun 2026 |
| Refund initiation | 05 Jun 2026 |
| Share credit | 05 Jun 2026 |
| Listing date | 08 Jun 2026 |
| Mandate end date | 18 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 03 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 01 Sep 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Merritronix
Merritronix Ltd. is an Electronics Systems Design and Manufacturing (ESDM) company that provides high-reliability electronic assemblies and systems mainly for the defence, aerospace, telecommunications and specialised industrial electronics sectors. The company operates as a business-to-business (B2B) manufacturer and offers services such as component sourcing, printed circuit board (PCB) assembly, system integration, testing, box-build solutions and delivery of finished electronic products. Its manufacturing capabilities include Surface-Mount Technology (SMT), Through-Hole Technology (THT) assembly and product integration for mission-critical applications. Merritronix also earns revenue from turnkey manufacturing, job work services, obsolescence management and trading sales. Over the years, the company has expanded from telecom component supply into defence and aerospace electronics manufacturing, while also developing capabilities in lifecycle support and obsolete component management for legacy electronic systems.
Financials of Merritronix
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 70.03 |
| Fresh Issue – Proceeds go to the company | 70.03 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of machinery and equipment | 21.36 (30.50%) |
| Working capital requirements | 21.95 (31.34%) |
| Repayment/prepayment of borrowings | 12.72 (18.16%) |
| General corporate purposes | 14 (20%) |
Strengths
- Merritronix specialises in high-reliability electronics for defence, aerospace, and industrial applications.
- The company offers end-to-end services including PCB assembly, system integration, testing, and box-build solutions.
- It has expertise in obsolescence management for legacy electronic systems and components.
- Merritronix is an approved vendor for key defence and aerospace public sector entities.
- The company has EN 9100:2018 certification for aerospace and defence electronics manufacturing.
Risks
- The company depends heavily on a concentrated customer base in the defence and industrial sectors.
- It operates mainly as a B2B manufacturer with limited brand recognition.
- Any delay or cancellation of customer orders could affect revenue and profitability.
- The business faces pricing pressure due to competitive bidding in the EMS industry.
- Dependence on imported semiconductor chips may expose the company to supply chain risks.