Merritronix Ltd.
SMEIssue details
Price band
₹141 - ₹149
Lot size
1,000 shares
Issue size
₹70 Cr
Min. investment
₹1,49,000
Registrar
Bigshare Services
Grey market premium
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IPO Timeline
Open
1 Jun
Close
3 Jun
Allotment
4 Jun
Listing
8 Jun
- Refunds & demat credit
- 5 Jun 2026
- Mandate end
- 18 Jun 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,000shares 1 lot · ₹1,49,000 | 1,000shares 1 lot · ₹1,49,000 |
| HNI | 2,000shares 2 lots · ₹2,98,000 | No limit funds permitting |
Based on the upper price band of ₹149 and a lot of 1,000 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹67 Cr
44,64,000 shares
Shares pre-issue
1,27,84,854
Shares post-issue
1,74,84,854
Reservation
- QIB
- 22,28,000
- NII
- 6,72,000
- Retail
- 15,64,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 12.6 | 9.21 |
| P/E | 11.83 | 16.18 |
| Market cap | ₹190.49 Cr. | ₹519.74 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 46.03% |
| ROCE | 45.26% |
| Debt/Equity | 0.81 |
| RoNW | 30.66% |
| PAT Margin | 10.33% |
| EBITDA Margin | 17.42% |
| NAV | 41.56 |
| Price to Book Value | 3.59 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 156.25 | 114.04 | 86.01 |
| Profit after tax | 16.1 | 8.66 | 3.05 |
| EBITDA | 27.22 | 15.18 | 6.73 |
| Net worth | 52.52 | 16.23 | 7.58 |
| Assets | 154.4 | 74.18 | 68.44 |
| Reserves & surplus | 40.34 | 15.39 | 6.73 |
| Total borrowing | 43.2 | 18.57 | 15.82 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Capital expenditure towards purchase of Machinery and equipment₹21.36 Cr
- 2.Funding working capital requirements₹21.95 Cr
- 3.Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company₹12.72 Cr
- 4.General corporate purposes₹7.91 Cr
- 5.Issue expenses₹6.09 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
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Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.