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MRTX · BSE · Electronics Systems Design and Manufacturing (ESDM)
Merritronix IPO listed on 08 Jun 2026 on BSE at ₹283.10, a gain of 90.00% over the issue price of ₹149.00. The IPO was subscribed 315.36x overall.
Merritronix IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 01 Jun 2026 |
| IPO Close Date | 03 Jun 2026 |
| Basis of Allotment | 04 Jun 2026 |
| Initiation of Refunds | 05 Jun 2026 |
| Credit of Shares to Demat | 05 Jun 2026 |
| Listing Date | 08 Jun 2026 |
Listing day gain
+90%
Listed at ₹283.1 (issue ₹149)
Issue
₹149
Listing
₹283.1
Current
₹297.25
+99.5% vs issue
Day range
₹283.1 – ₹297.25
Issue Size
4,700,000 shares
(aggregating up to ₹70.00 Cr)
Issue Price
₹141 – ₹149
Face Value
₹10/share
Market Lot
1,000 shares
Retail Min Investment
₹298,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
4,464,000 shares
(aggregating up to ₹67 Cr)
Offer for Sale
[.]
Reserved for Market Maker
236,000 shares
(aggregating up to ₹4.00 Cr)
Issue Type
book building
Open Date
01 Jun
Close Date
03 Jun
Allotment
04 Jun
Listing
08 Jun
Last updated: 3 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 07 Jun 2026 Latest | ₹149 | ₹63 | ₹212 | ₹63 |
42.28%
|
12:10 PM |
| 06 Jun 2026 | ₹149 | ₹63 | ₹212 | ₹63 |
42.28%
|
1:27 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 03 Jun 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 224.91x | - |
| NII | 476.59x | - |
| bNII (bids above ₹10L) | 563.33x | - |
| sNII (bids below ₹10L) | 303.12x | - |
| Individual Investors | 297.67x | - |
| Total | 315.36x | - |
Showing the latest subscription snapshot.
View full subscription historyDovari Yesudas, Dovari Amarnath, Vanaja D, Darsy Kethan Chandra and Dovari Thaman are the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹298,000 |
| Retail (Max) | 2 | 2,000 | ₹298,000 |
| S-HNI (Min) | 3 | 3,000 | ₹447,000 |
| S-HNI (Max) | 6 | 6,000 | ₹894,000 |
| B-HNI (Min) | 7 | 7,000 | ₹1,043,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,228,000 (47.41%) |
|
•
Anchor Investor Shares Offered
|
1,336,000 (28.43%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
892,000 (18.98%) |
| NII (HNI) Shares Offered | 672,000 (14.30%) |
|
•
bNII > ₹10L
|
448,000 (9.53%) |
|
•
sNII < ₹10L
|
224,000 (4.77%) |
| Individual Investors Shares Offered | 1,564,000 (33.28%) |
| Market Maker Shares Offered | 236,000 (5.01%) |
| Total Shares Offered | 4,700,000 (100.00%) |
Merritronix has been quietly doing its thing in Hyderabad since 1988. It started out doing PCB assembly on a job-work basis basically, other companies would bring work and Merritronix would assemble it. Nothing glamorous, but it built a solid technical foundation.
The real pivot came in 1994 when it entered the telecom segment with cable jointing kits. From there, it gradually expanded into some fairly demanding sectors defence, avionics, power, and automotive. These aren't industries that tolerate sloppy suppliers, so the fact that Merritronix kept winning work there says something.
Around 2007, the business model shifted. Instead of just assembling parts for others, the company started taking on full turnkey projects clients hand over a design, Merritronix delivers a finished product. A year later, it started exporting to Europe, going head-to-head with Chinese manufacturers on price and quality. For a 25-person operation out of Kushaiguda, that's a notable achievement.
Its product mix today spans broadband devices, single board computers, IP set-top boxes, mobile terminals, and telecom jointing kits. Dovari Amarnath heads the company as Managing Director, and promoters hold the entire stake no outside investors, no stock market listing.
Small outfit, but a fairly serious one.
Standalone · ₹ in Crores
| Particulars | FY 2024 | FY 2025 |
|---|---|---|
| Total Revenue | 86.01 | 114.04 |
| Profit After Tax (PAT) | 3.05 | 8.66 |
| EBITDA | 6.73 | 15.18 |
| Total Assets | 68.44 | 74.18 |
| Net Worth | 7.58 | 16.23 |
| Reserves & Surplus | 6.73 | 15.39 |
| Total Borrowing | 15.82 | 18.57 |
Revenue & Profit Trend
The basis of allotment for Merritronix IPO was finalised on 04 Jun 2026. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The Merritronix IPO is expected to open in Jun 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Merritronix IPO is ₹141.00 - ₹149.00 per share.
As per market sources, Merritronix IPO GMP is currently ₹63.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Merritronix IPO stands at 315.36x overall.
The listing date for Merritronix IPO is 08 Jun 2026.
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