Merritronix, a prominent player in the electronics systems design and manufacturing sector, has opened its initial public offering (IPO) for subscription today, June 1, 2025. The IPO, which aims to raise Rs 70 crore, will remain open until June 3, with shares expected to list on June 8.
The IPO is a book-built issue consisting entirely of a fresh issue of 47 lakh shares, with a price band set between Rs 141 and Rs 149 per share. Investors are required to bid for a minimum of 2,000 shares, translating to an investment of Rs 2.98 lakh at the upper price band. For small high-net-worth individuals (HNIs), the minimum investment stands at Rs 4.47 lakh.
Ahead of the IPO, Merritronix successfully raised Rs 19.91 crore from anchor investors by allotting 13.36 lakh shares. The company, incorporated in 1988, operates in the electronics systems design and manufacturing (ESDM) segment, focusing on high-reliability electronic assemblies for defence, aerospace, telecom, and industrial applications.
Merritronix holds the EN 9100:2018 certification, a globally recognized quality standard for aerospace and defence electronics manufacturing. As of December 2025, the company had an annual installed production capacity of 17.85 lakh units across various assembly operations.
The IPO proceeds are earmarked for business expansion and general corporate purposes. Despite the company's strong presence in the fast-growing defence and aerospace electronics segment, the flat grey market premium suggests a cautious investor sentiment.
Background
Merritronix's IPO comes at a time when the electronics manufacturing sector is witnessing significant growth, driven by increased demand in defence and aerospace applications. The company's established presence and quality certifications position it well for future expansion.
Looking ahead, investors will closely monitor the subscription levels and listing performance of Merritronix shares. The outcome of the IPO will provide insights into market confidence in the company's growth prospects and the broader electronics manufacturing sector.
