Merritronix Ltd. is a 36-year-old electronics manufacturing company specialising in defence and aerospace applications. The company is hitting the capital markets with a 100% fresh issue IPO of up to 47 lakh equity shares on BSE SME, aiming to raise ₹70.03 Cr at a price band of ₹141–₹149 per share (lot size: minimum 2,000 shares and in multiples of 1,000 equity shares thereafter). The IPO proceeds are proposed to be utilised primarily towards machinery capex, working capital requirements, and repayment of debt.
The anchor investor date is May 29, 2026, and the issue will be open for public subscription from June 01 to June 03, 2026. The company is backed by Madhu Kela through Founders Collective Fund, which holds a 3.61% stake in Merritronix Ltd.
Incorporated in 1988 and headquartered in Hyderabad, Telangana, Merritronix operates from the Electronic Complex, Kushaiguda, offering end-to-end ESDM services – PCB design, SMT/THT assembly, component sourcing, testing, and logistics – with a sharp focus on mission-critical defence and aerospace applications.
