The CMR Green Technologies IPO subscription opened on June 3, 2026, and will close on…
Merritronix IPO Subscription Status Day-1: Live Bidding
The Merritronix IPO opened for subscription on Monday, June 1, 2026, and will remain available for bidding until June 3, 2026. Through this IPO, the company plans to raise approximately ₹70.03 crores. The issue allocation has been structured with 50% reserved for retail investors, 0% for QIBs, and 50% for the NII category. The price band for the IPO has been fixed at ₹141 to ₹149 per equity share.
Investors can apply for a minimum market lot of 2,000 shares, requiring an investment amount of ₹2,98,000. The Merritronix IPO is being launched as an SME IPO and is proposed to be listed on the BSE SME platform.
Merritronix IPO Subscription Status – Day 1
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 2.66 | 0.00 | 0.00 |
| RII | 2.47 | 0.00 | 0.00 |
| Total | 1.81 | 0.00 | 0.00 |
About Company
Founded in 1988, Merritronix has established itself as a trusted Electronics Manufacturing Services (EMS) company serving India’s defense, aerospace, avionics, and communication sectors. With more than two decades of industry expertise, the company specializes in high-precision PCB assembly, MIL-grade and industrial component sourcing, and turnkey electronics manufacturing solutions. Merritronix has earned the confidence of leading organizations such as HAL, BEL, and BDL by consistently delivering reliable and quality-driven electronic products. Its commitment to technological advancement and operational excellence has helped the company become a recognized name in mission-critical electronics manufacturing.
Over the years, Merritronix has achieved several significant milestones that reflect its growth and industry leadership. From entering the telecom sector in 1994 and launching dedicated electronics manufacturing operations in 2002 to expanding exports to Europe and becoming a key vendor for HAL Hyderabad, the company has continuously evolved to meet changing market demands. Guided by experienced leadership under Founder & Chairman Mr. Dovari Yesudas and CEO Mr. Amarnath Dovari, Merritronix remains focused on innovation, integrity, customer satisfaction, and quality excellence. Its vision is to become a globally preferred provider of defense and aerospace electronic solutions while maintaining the highest standards of performance, reliability, and customer trust.
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