Merritronix
Symbol: MRTX | Industry: Fabricated Plastic & Rubber
Grey Market Premium (GMP)
GMP ACTIVE+₹0.00
Updated: Recent₹149.00
Based on Max Price: ₹149.00+0.00%
Projections onlyIPO Quick Highlights
IPO Timeline
- IPO Opens 01 Jun 2026
- IPO Closes 03 Jun 2026
- Allotment Date 04 Jun 2026
- Listing Date 08 Jun 2026
About the Company
Merritronix LTD. is an electronics systems design and manufacturing services (ESDM) company. The Company specializes in high-reliability, mission critical electronic assemblies and systems for defense, aerospace, telecommunications, rapid prototyping for design houses, OEMs, engineering services companies and specialized industrial electronics. It is primarily engaged in business-to-business (B2B) electronic manufacturing services, encompassing component sourcing, printed circuit board (PCB) assembly, system integration, testing, box-build solutions and delivery of finished electronic products. Its product segments include turnkey manufacturing/ build-to-print, obsolescence engineering management, trading sales and job work. It also undertakes box-build and system integration activities, comprising assembly and integration of electronic modules and sub systems into fully functional end products. It also manages mechanical enclosure fabrication and related processes.
Promoters & Key Management
| Rank | Officer Name | Designation | Age | Since |
|---|---|---|---|---|
| #1 | Kethan Chandra Darsy | Chief Financial Officer, Director (Promoter) | 27 | 2025 |
| #2 | Seetharaman Karishma | Company Secretary | 26 | 2025 |
Financial Performance
Values in ₹ Crores| Key Metric | FY 2023 | FY 2024 | FY 2025 | FY 2026 | Trend |
|---|---|---|---|---|---|
| Total Revenue | 53.17 | 85.70 | 113.56 | 155.90 | Growth |
| Profit After Tax (PAT) | 0.42 | 3.05 | 8.66 | 16.10 | Growth |
| Operating Margin (%) | 7.56% | 10.11% | 16.55% | 19.58% | Up |
| Total Assets | 43.79 | 68.44 | 74.18 | 154.40 | - |
| Net Worth | 5.13 | 8.18 | 16.84 | 53.13 | - |
| Borrowings (Debt) | 13.48 | 15.82 | 18.57 | 43.20 | - |
| Debt to Equity Ratio | 2.63 | 1.93 | 1.10 | 0.81 | - |
IPO Valuation
IPO Lot Size Details
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 Lot | 1 Shares | ₹149.00 |
| Retail (Maximum) | 1342 Lots | 1342 Shares | ₹199,958.00 |
| Small HNI (sNII - Min) | 1343 Lots | 1343 Shares | ₹200,107.00 |
| Small HNI (sNII - Max) | 6711 Lots | 6711 Shares | ₹999,939.00 |
| Big HNI (bNII - Min) | 6712 Lots | 6712 Shares | ₹1,000,088.00 |
