Comparison between Merritronix IPO and RFBL Flexi Pack IPO.
Merritronix IPO is a SME Bookbuilding IPO proposed to list at BSE SME while RFBL Flexi Pack IPO is a SME Bookbuilding proposed to list at NSE SME.
| Merritronix IPO | RFBL Flexi Pack IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Grow House Wealth Management Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | MNM Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Merritronix IPO is up to ₹66.51 Cr whereas the issue size of the RFBL Flexi Pack IPO is up to ₹33.56 Cr. The final issue price of Merritronix IPO is ₹149.00 per share and of RFBL Flexi Pack IPO is ₹50.00 per share.
| Merritronix IPO | RFBL Flexi Pack IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹141.00 per share | ₹47.00 per share |
| Issue Price (Upper) | ₹149.00 per share | ₹50.00 per share |
| Issue Price (Final) | ₹149.00 per share | ₹50.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 3000 shares |
| Fresh Issue Size | 44,64,000 shares | 67,11,000 shares |
| Fresh Issue Size (Amount) | up to ₹66.51 Cr | up to ₹33.56 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 44,64,000 shares | 67,11,000 shares |
| Issue Size Total (Amount) | up to ₹66.51 Cr | up to ₹33.56 Cr |
Merritronix IPO opens on Jun 01, 2026, while RFBL Flexi Pack IPO opens on May 12, 2026. The closing date of Merritronix IPO and RFBL Flexi Pack IPO is Jun 03, 2026, and May 14, 2026, respectively.
| Merritronix IPO | RFBL Flexi Pack IPO | |
|---|---|---|
| Anchor Bid Date | May 29, 2026 | May 11, 2026 |
| Issue Open | Jun 01, 2026 | May 12, 2026 |
| Issue Close | Jun 03, 2026 | May 14, 2026 |
| Basis Of Allotment (Tentative) | Jun 04, 2026 | May 15, 2026 |
| Initiation of Refunds (Tentative) | Jun 05, 2026 | May 18, 2026 |
| Credit of Share (Tentative) | Jun 05, 2026 | May 18, 2026 |
| Listing date (Tentative) | Jun 08, 2026 | May 19, 2026 |
| Anchor Lockin End date 1 | Jul 03, 2026 | Jun 14, 2026 |
| Anchor Lockin End date 2 | Sep 01, 2026 | Aug 13, 2026 |
Merritronix IPO P/E ratio is 11.83, as compared to RFBL Flexi Pack IPO P/E ratio of 9.75.
| Merritronix IPO | RFBL Flexi Pack IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Merritronix Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 86% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 85.17 | 100.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.28 | 69.70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.83 | 9.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹260.52 Cr. | ₹116.58 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 46.03 | 60.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 45.26 | 32.70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.81 | 1.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.60 | ₹5.13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.66 | 60.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Merritronix IPO Retail Individual Investors (RII) are offered 15,64,000 shares while in RFBL Flexi Pack IPO retail investors are offered 15,64,000 shares. Qualified Institutional Buyers (QIB) are offered 8,92,000 shares in Merritronix IPO and 3,60,000 shares in RFBL Flexi Pack IPO.
| Merritronix IPO | RFBL Flexi Pack IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,36,000 shares | 0 shares |
| Market Maker Reservation | 2,36,000 shares | 3,54,000 shares |
| QIB | 8,92,000 shares | 3,60,000 shares |
| NII | 6,72,000 shares | 21,33,000 shares |
| RII | 15,64,000 shares | 42,18,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 44,64,000 shares | 67,11,000 shares |
Merritronix IPO subscribed 315.36x in total, whereas RFBL Flexi Pack IPO subscribed 21.48x.
| Merritronix IPO | RFBL Flexi Pack IPO | |
|---|---|---|
| QIB (times) | 224.91x | 124.39x |
| NII (times) | 476.59x | 24.12x |
| Big NII (times) | 563.33x | 28.86x |
| Small NII (times) | 303.12x | 14.65x |
| RII (times) | 297.67x | 11.36x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 315.36x | 21.48x |
