Telangana-based Merritronix to launch IPO June 1 to raise ₹70.03cr
NewsBytes | May 20, 2026 11:39 PM CST
Merritronix posts 86% FY26 profit rise
The funds will help Merritronix buy new machinery, boost working capital, and pay off some debt, basically fueling their next phase of growth.
The company focuses on B2B electronics for aerospace and defense, and just reported an impressive 86% jump in profits (₹16.1 crore) and a solid revenue boost (up to ₹155.9 crore) for FY2026.
Shares are set to list on the BSE SME platform by June 8 if all goes as planned.
READ NEXT
-
Tonda Eckert admits approving Southampton spying operation as EFL slams ‘shameful’ treatment of junior employees
-
Kerala Lottery Result Today, May 22, 2026: Suvarna Keralam SK-53 winning numbers; First prize Rs 1 crore, second prize Rs 30 lakh. Check winners here
-
Movie dialogue of the day by Morgan Freeman: 'Hope is a dangerous thing. Hope can drive a man insane' - What The Shawshank Redemption dialogue teaches us about pain, patience and survival
-
Devendra Fadnavis' 'rejected maaal' remark shows poor understanding of parliamentary democracy: Congress
-
"Will you take help from foreign powers to break country?": Nishikant Dubey alleges AAP seeking support from foreign entities through Dipke
