Comparison between Merritronix IPO and Teamtech Formwork Solutions IPO.
Merritronix IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Teamtech Formwork Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.
| Merritronix IPO | Teamtech Formwork Solutions 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. | GetFive Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | SMC Global Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | 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 Teamtech Formwork Solutions IPO is up to ₹47.63 Cr. The final issue price of Merritronix IPO is ₹149.00 per share and of Teamtech Formwork Solutions IPO is ₹63.00 per share.
| Merritronix IPO | Teamtech Formwork Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹141.00 per share | ₹61.00 per share |
| Issue Price (Upper) | ₹149.00 per share | ₹63.00 per share |
| Issue Price (Final) | ₹149.00 per share | ₹63.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 2000 shares |
| Fresh Issue Size | 44,64,000 shares | 75,60,000 shares |
| Fresh Issue Size (Amount) | up to ₹66.51 Cr | up to ₹47.63 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 | 75,60,000 shares |
| Issue Size Total (Amount) | up to ₹66.51 Cr | up to ₹47.63 Cr |
Merritronix IPO opens on Jun 01, 2026, while Teamtech Formwork Solutions IPO opens on May 19, 2026. The closing date of Merritronix IPO and Teamtech Formwork Solutions IPO is Jun 03, 2026, and May 21, 2026, respectively.
| Merritronix IPO | Teamtech Formwork Solutions IPO | |
|---|---|---|
| Anchor Bid Date | May 29, 2026 | May 18, 2026 |
| Issue Open | Jun 01, 2026 | May 19, 2026 |
| Issue Close | Jun 03, 2026 | May 21, 2026 |
| Basis Of Allotment (Tentative) | Jun 04, 2026 | May 22, 2026 |
| Initiation of Refunds (Tentative) | Jun 05, 2026 | May 25, 2026 |
| Credit of Share (Tentative) | Jun 05, 2026 | May 25, 2026 |
| Listing date (Tentative) | Jun 08, 2026 | May 26, 2026 |
| Anchor Lockin End date 1 | Jul 03, 2026 | Jun 21, 2026 |
| Anchor Lockin End date 2 | Sep 01, 2026 | Aug 20, 2026 |
Merritronix IPO P/E ratio is 11.83, as compared to Teamtech Formwork Solutions IPO P/E ratio of 11.97.
| Merritronix IPO | Teamtech Formwork Solutions 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)Teamtech Formwork Solutions Ltd.'s revenue increased by 64% and profit after tax (PAT) rose by 48% between the financial year ending with March 31, 2026 and March 31, 2025.
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| Promoter Shareholding (Pre-Issue) | 85.17 | 81.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.28 | 59.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.83 | 11.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹260.52 Cr. | ₹188.85 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 46.03 | 42.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 45.26 | 40.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.81 | 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.60 | ₹5.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.66 | 34.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Merritronix IPO Retail Individual Investors (RII) are offered 15,64,000 shares while in Teamtech Formwork Solutions IPO retail investors are offered 15,64,000 shares. Qualified Institutional Buyers (QIB) are offered 8,92,000 shares in Merritronix IPO and 15,12,000 shares in Teamtech Formwork Solutions IPO.
| Merritronix IPO | Teamtech Formwork Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,36,000 shares | 22,66,000 shares |
| Market Maker Reservation | 2,36,000 shares | 4,00,000 shares |
| QIB | 8,92,000 shares | 15,12,000 shares |
| NII | 6,72,000 shares | 11,34,000 shares |
| RII | 15,64,000 shares | 26,48,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 44,64,000 shares | 75,60,000 shares |
Merritronix IPO subscribed 220.98x in total, whereas Teamtech Formwork Solutions IPO subscribed 4.91x.
| Merritronix IPO | Teamtech Formwork Solutions IPO | |
|---|---|---|
| QIB (times) | 224.91x | 4.28x |
| NII (times) | 476.59x | 12.79x |
| Big NII (times) | 563.33x | 15.07x |
| Small NII (times) | 303.12x | 8.24x |
| RII (times) | 297.67x | 6.10x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 220.98x | 4.91x |
