Merritronix IPO Opens 1 June; Defence Electronics Firm Targets To Raise ₹70 Crore

Electronics systems design and manufacturing services company Merritronix Ltd will open its initial public offering (IPO) on 1 June, becoming the first public issue to hit the primary market in June.

The Hyderabad-based company plans to raise ₹70.03 crore through a fresh issue of 47 lakh equity shares, with no offer-for-sale component in the IPO.

The company has fixed the IPO price band at ₹141 to ₹149 per share, taking its implied valuation to around ₹260.5 crore. The one-day anchor investor portion will open on 29 May, while the public issue will close on 3 June.

Key IPO Details

Here are key details of Merritronix IPO:

What Does Merritronix Do?

Merritronix operates in the business-to-business electronics manufacturing services segment. The company provides component sourcing, printed circuit board assembly, system integration, testing, and box-build solutions for electronic products used in aerospace and defence applications.

The company intends to use ₹21.36 crore from the IPO proceeds towards the purchase of machinery and equipment. Another ₹21.95 crore will go towards working capital requirements, while ₹12.7 crore has been earmarked for repayment of borrowings. The remaining amount will be used for general corporate purposes.

The company competes with listed players such as Centum Electronics Limited and Vinyas Innovative Technologies Limited in the electronics manufacturing space.

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Can Strong Financial Growth Drive Investor Interest?

Merritronix reported a strong jump in earnings for FY26, helped by higher revenue and improved profitability. The company posted a net profit of ₹16.1 crore for the financial year, up 86% from ₹8.7 crore in the previous year.

Revenue during the year increased 37.3% to ₹155.9 crore compared to ₹113.6 crore in FY25.

The company’s presence in aerospace and defence electronics manufacturing could attract investor attention at a time when defence-linked businesses continue to remain in focus in the broader market. The absence of an offer-for-sale component may also be seen positively, as the entire proceeds of the issue will go directly to the company.

Sources:

Moneycontrol

Chittorgarh

DRHP