Telangana-based Merritronix to launch IPO June 1 to raise ₹70.03cr
Business
Merritronix, a Telangana-based electronics maker, is launching its IPO on June 1 to raise ₹70.03 crore by offering 47 lakh shares at ₹141-149 each.
The offer closes on June 3, with anchor investors getting an early shot from May 29.
This values the company at around ₹260.5 crore.
Merritronix posts 86% FY26 profit rise
The funds will help Merritronix buy new machinery, boost working capital, and pay off some debt, basically fueling their next phase of growth.
The company focuses on B2B electronics for aerospace and defense, and just reported an impressive 86% jump in profits (₹16.1 crore) and a solid revenue boost (up to ₹155.9 crore) for FY2026.
Shares are set to list on the BSE SME platform by June 8 if all goes as planned.