Merritronix Ltd. Launches ₹70.03 Cr IPO to Boost Tech Growth

Merritronix Ltd., a Hyderabad-based electronics manufacturer, aims to raise ₹70.03 Cr through a fresh issue IPO on BSE SME. Proceeds will support machinery expansion, working capital, and debt repayment. Led by Mr. Dovari Amarnath, the company boasts significant expertise in defence and aerospace sectors.

Merritronix Ltd., an established name in the electronics manufacturing sector, is launching an ambitious Initial Public Offering (IPO) to raise ₹70.03 crore. The fresh issue will see up to 47 lakh equity shares listed on BSE SME, with each share priced between ₹141 and ₹149.

Founded in 1988, Merritronix specializes in mission-critical aerospace and defence electronics manufacturing. The company plans to utilize IPO funds for machinery capital expenditure, augment working capital, and reduce existing debt. The public subscription period is set from June 01 to June 03, 2026, and includes strategic backing from investor Madhu Kela.

With their operations centered in Hyderabad, Merritronix operates under the leadership of Mr. Dovari Amarnath, leveraging over three decades of industry experience. The company is EN 9100:2018 certified, establishing them as a trusted provider in global aerospace supply chains, further underscored by long-term partnerships with BEL, HAL, and exports through Honeywell Aerospace.