Comparison between Merritronix IPO and Shellz India IPO.
Merritronix IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shellz India IPO is a SME Bookbuilding proposed to list at BSE SME.
| Merritronix IPO | Shellz India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Socradamus Capital Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| 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 Shellz India IPO is up to ₹0.00 Cr. The final issue price of Merritronix IPO is ₹149.00 per share and of Shellz India IPO is .
| Merritronix IPO | Shellz India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹141.00 per share | |
| Issue Price (Upper) | ₹149.00 per share | |
| Issue Price (Final) | ₹149.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | |
| Fresh Issue Size | 44,64,000 shares | 40,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹66.51 Cr | up to ₹0.00 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 | 40,00,000 shares |
| Issue Size Total (Amount) | up to ₹66.51 Cr | up to ₹0.00 Cr |
Merritronix IPO opens on Jun 01, 2026, while Shellz India IPO opens on . The closing date of Merritronix IPO and Shellz India IPO is Jun 03, 2026, and , respectively.
| Merritronix IPO | Shellz India IPO | |
|---|---|---|
| Anchor Bid Date | May 29, 2026 | |
| Issue Open | Jun 01, 2026 | |
| Issue Close | Jun 03, 2026 | |
| Basis Of Allotment (Tentative) | Jun 04, 2026 | |
| Initiation of Refunds (Tentative) | Jun 05, 2026 | |
| Credit of Share (Tentative) | Jun 05, 2026 | |
| Listing date (Tentative) | Jun 08, 2026 | |
| Anchor Lockin End date 1 | Jul 03, 2026 | |
| Anchor Lockin End date 2 | Sep 01, 2026 |
Merritronix IPO P/E ratio is 11.83, as compared to Shellz India IPO P/E ratio of .
| Merritronix IPO | Shellz India 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 | 88.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹260.52 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 46.03 | 24.57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 45.26 | 17.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.81 | 1.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.66 | 20.46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Merritronix IPO Retail Individual Investors (RII) are offered 15,64,000 shares while in Shellz India IPO retail investors are offered 15,64,000 shares. Qualified Institutional Buyers (QIB) are offered 8,92,000 shares in Merritronix IPO and 0 shares in Shellz India IPO.
| Merritronix IPO | Shellz India IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,36,000 shares | 0 shares |
| Market Maker Reservation | 2,36,000 shares | 0 shares |
| QIB | 8,92,000 shares | 0 shares |
| NII | 6,72,000 shares | 0 shares |
| RII | 15,64,000 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 44,64,000 shares | 0 shares |
Merritronix IPO subscribed 220.98x in total, whereas Shellz India IPO subscribed .
| Merritronix IPO | Shellz India IPO | |
|---|---|---|
| QIB (times) | 224.91x | |
| NII (times) | 476.59x | |
| Big NII (times) | 563.33x | |
| Small NII (times) | 303.12x | |
| RII (times) | 297.67x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 220.98x |
