Incorporated in October 1988, Merritronix Limited is engaged in Electronics Systems Design and Manufacturing (ESDM) with a focus on high-reliability and mission-critical electronic assemblies. The company caters to industries such as defence, aerospace, telecom, industrial electronics, electrical engineering, heavy industries, power, and utilities.
The company provides end-to-end B2B electronics manufacturing services including component sourcing, PCB assembly, system integration, testing, box-build assembly, and delivery of finished electronic products as per Indian defence and aerospace standards.
Merritronix Limited has received EN 9100:2018 certification for manufacturing PCBAs for aerospace and defence applications. The certification is equivalent to globally recognized AS 9100D, JISQ 9100:2016, and also includes ISO 9001:2015 standards.
As of December 31, 2025, the company’s manufacturing facility had a total installed capacity of 17,85,000 production units annually, including:
As of March 31, 2026, the company had 57 employees across various departments.
Merritronix IPO is a Book Built Issue aggregating up to ₹70.03 crore. The issue consists entirely of a fresh issue of 47,00,000 equity shares. The IPO will open for subscription on June 1, 2026 and close on June 3, 2026. Merritronix Limited is proposed to be listed on the BSE SME platform on June 8, 2026.
The company operates in the Electronics Systems Design and Manufacturing (ESDM) segment and specializes in high-reliability, mission-critical electronic assemblies catering to defence, aerospace, telecom, and industrial electronics industries.
| IPO Date | June 1, 2026 to June 3, 2026 |
|---|---|
| Listing Date | June 8, 2026 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹141 to ₹149 per share |
| Lot Size | 1,000 Shares |
| Issue Type | Book Built Issue IPO |
| Listing Platform | BSE SME |
| Total Issue Size | 47,00,000 shares aggregating up to ₹70.03 crore |
| Fresh Issue | 47,00,000 shares aggregating up to ₹70.03 crore |
| Market Maker Portion | 2,36,000 shares aggregating up to ₹4 crore |
| Net Issue to Public | 44,64,000 shares aggregating up to ₹67 crore |
| Pre-Issue Shareholding | 1,27,84,854 shares |
| Post-Issue Shareholding | 1,74,84,854 shares |
| Market Capitalization (Pre-IPO) | ₹260.52 crore |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | GYR Capital Advisors Pvt. Ltd. |
| Market Maker | Giriraj Stock Broking Pvt. Ltd. |
| IPO Opening Date | Monday, June 1, 2026 |
|---|---|
| IPO Closing Date | Wednesday, June 3, 2026 |
| Basis of Allotment | Thursday, June 4, 2026 |
| Initiation of Refunds | Friday, June 5, 2026 |
| Credit of Shares to Demat | Friday, June 5, 2026 |
| Listing Date | Monday, June 8, 2026 |
| Application Category | Lots | Shares | Amount (At Upper Price Band) |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 Shares | ₹2,98,000 |
| HNI Minimum | 3 | 3,000 Shares | ₹4,47,000 |
Refer to RHP for detailed Information.
The company proposes to utilize the net proceeds from the IPO towards the following objectives:
Registrar: Bigshare Services Pvt.Ltd.
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Merritronix IPO is a BSE SME Book Built Issue through which the company plans to raise approximately ₹70.03 crore via fresh issue of equity shares.
Merritronix IPO will open for subscription on June 1, 2026 and close on June 3, 2026.
The price band of Merritronix IPO is fixed at ₹141 to ₹149 per share.
The minimum lot size for Merritronix IPO is 1,000 shares.
Retail investors need to apply for a minimum of 2 lots comprising 2,000 shares amounting to ₹2,98,000 at the upper price band.
Merritronix IPO is proposed to be listed on the BSE SME platform.
Merritronix Limited is an Electronics Systems Design and Manufacturing (ESDM) company engaged in manufacturing mission-critical electronic assemblies for defence, aerospace, telecom, and industrial applications.
Bigshare Services Pvt. Ltd. is the registrar of the Merritronix IPO.
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Name of the Company has changed from Networth Stock Broking Limited to Monarch Networth Capital Limited upon Certification of Incorporation received from Registrar of Companies, Mumbai vide certificate dated 13th October, 2015.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
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Monarch Networth Capital IFSC Private Limited (Wholly owned subsidiary of Monarch Networth Capital Limited) is a Registered Fund Management Entity (Retail) having Registration No: IFSCA/FME/III/2025-26/169. Monarch India Growth Fund will be an open-ended Restricted Scheme (Non-Retail) construed as a Category III AIF under the IFSCA (Fund Management) Regulations, 2025. Monarch AIF is a Category III AIF having SEBI Registration No. IN/AIF3/20-21/0787. This material is for informational purposes only and is not intended as an offer or solicitation or investment advice to buy or sell securities. Investments are subject to market risks. The offering is made only through official scheme documents to eligible investors under GIFT IFSC regulations. Investors should read all documents carefully and consult their advisors before investing.
Mechanism for addressing grievances and information about SCORES.
Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
(As per LODR Regulations and Companies Act, 2013)
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar : 022 - 66476400 / 66476405
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
For Broking and Demat Related Queries : +91-79-26666768
Email: cs@mnclgroup.com
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