Minimum Investment
₹149,000
Price Range
₹141 to ₹149
Lot Size
1000 shares
Issue Size
₹70 Cr
About the Company
Incorporated in October 1988, Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company specializing in high-reliability, mission-critical electronic assemblies for defence, aerospace, telecom, and industrial electronics.
Bookbuilding IPO
IPO Objectives
- Capital expenditure towards purchase of Machinery and equipment Funding working capital requirements
- Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company
- General corporate purposes
Important Dates
| Bid/Offer Opens On | 01-06-2026 |
| Bid/Offer Closes On | 03-06-2026 |
| Finalisation of Basis of Allotment | 04-06-2026 |
| Initiation of Refunds | 05-06-2026 |
| Credit of Shares to Demat | 05-06-2026 |
| IPO Listing Date | 08-06-2026 |
IPO Subscription Status
| Category | Offered Shares | Applied Shares | Times |
|---|---|---|---|
| QIB | 892,000 | 200,616,000 | 224.91x |
| NII | 672,000 | 320,507,000 | 476.94x |
| NII ( >10 lakh) | 448,000 | 252,608,000 | 563.86x |
| NII ( <10 lakh) | 224,000 | 67,899,000 | 303.12x |
| Retail | 1,564,000 | 465,558,000 | 297.67x |
| Total | 3,128,000 | 986,681,000 | 315.44x |
Grey Market Premium (GMP)
₹90.00
per share
Registrar
Bigshare Services Pvt.Ltd.
Lead Managers
- GYR Capital Advisors Pvt.Ltd.
Company Promoters
- Dovari Yesudas
- Dovari Amarnath
- Vanaja D
- Darsy Kethan Chandra and Dovari Thaman.\r\n
