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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding working capital requirements
Supporting operational liquidity and working capital requirements for expanding manufacturing contracts
Capital expenditure for machinery and equipment
Investing in advanced SMT lines and testing machinery to expand ESDM production capacity
Repayment of borrowings
Prepayment and repayment of outstanding borrowings to optimize capital structure
General corporate purposes
Funding ongoing corporate and strategic growth initiatives
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(₹ in Crore)
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Merritronix Limited, originally incorporated in 1988 as Merritronix Private Limited, is an India-based Electronics Systems Design and Manufacturing (ESDM) enterprise. Based in Hyderabad, Telangana, the company specializes in manufacturing high-reliability, mission-critical electronic sub-assemblies and integrated systems. Its primary customer base spans defense public sector undertakings, aerospace organizations, telecommunications providers, and industrial automation firms. The company offers end-to-end B2B electronics manufacturing services, including Printed Circuit Board (PCB) assembly utilizing Surface Mount Technology (SMT) and Through-Hole Technology (THT), component sourcing, environmental testing, cable harness assembly, and complete box-build integration. Over its multi-decade operating history, Merritronix established long-term vendor approvals with leading defense organizations such as Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL). The proceeds from its public capital raise are directed toward expanding production infrastructure via new SMT lines and testing equipment, meeting ongoing working capital demands, repaying debt facilities, and funding general corporate growth initiatives.
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Source: RHP • Analysis provided for informational purposes
Last Updated: 22 August 2026, 8:32 AM
Established Defence & Aerospace Track Record
Serves as an accredited supplier to major defense public sector undertakings including HAL and BEL.
Comprehensive ESDM Capabilities
Offers complete end-to-end electronics manufacturing services from component sourcing to final box-build testing.
Long-Standing Operational History
Maintains nearly four decades of operational expertise in high-reliability electronic assemblies.
Customer Concentration
A substantial share of revenue is concentrated among key defense and public sector enterprise clients.
Component Supply Chain Exposure
Relies on specialized electronic component imports subject to global supply disruptions and price volatility.
Working Capital Intensity
High inventory turnaround requirements in mission-critical electronics put ongoing demands on operational cash flows.
Merritronix Limited
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