Le Merite Exports Limited IPO
NSE SMEListed On: May 9, 2022 at ₹ 75.0
₹ 120000 /1600 Shares
Check AllotmentIPO Details
25 Apr, 2022
Open Date28 Apr, 2022
Close Date05 May, 2022
Allotment Date09 May, 2022
Listing DateIssue Price
₹75 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdList Price
75.0Listing Date
2022-05-09Market Lot
1600 Shares (₹120,000/-)Lead Manager
Fedex Securities LimitedIssue Size
6,400,000 Eq Shares of ₹10(aggregating up to ₹48.00 Cr)Retail Portion
N/ASubscription
15.69 timesIPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,032,000 | 3,032,000 | 6,064,000 |
| Day 1 - 25-04-22 06:00 PM | 0.68 x | 1.30 x | 0.99 x |
| Day 2 - 26-04-22 06:00 PM | 1.09 x | 3.74 x | 2.41 x |
| Day 3 - 27-04-22 06:00 PM | 1.88 x | 6.87 x | 4.37 x |
| Day 4 - 28-04-22 06:00 PM | 15.27 x | 16.10 x | 15.69 x |
Valuations
Earnings Per Share (EPS)
₹3.01/-P/E Ratio
25RoNW
28.99%Net Asset Value (NAV) - Post Issue
₹37.57/-Company Financials All values are in ₹ Cr.
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 177.06 | 92.02 | 56.26 | 56.60 |
| Revenue | 370.87 | 269.13 | 217.28 | 180.93 |
| Profit After Tax | 15.86 | 7.05 | 3.14 | 1.12 |
About The Company
Incorporated in 2003, Le Merite Exports Private Limited is engaged in the manufacturing and trading of textile products such as cotton yarn, greige fabric and finished fabric. The company conducts business through three verticals, consisting of manufacturing of yarn, trading of yarn, and trading of greige and finished fabrics. Le Merite Exports Private Limited's former name was Didwaniya Yarn Exports Private Limited. The company offers a wide range of products such as cotton fabric, towel & bed-sheet fabric, polyester and viscose material, apparel fabric, dyed yarn, etc. The company has two subsidiaries namely Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited.The company exports its products to domestic and international markets, including 52 countries covering 5 continents.
Read More- Promoter(s)
Pre Issue Share Holding: 99.99%
Post Issue Share Holding: %
Company Promoter(s)
- Abhishek Lath
- Umashankar Lath
IPO - Issue Objectives
- Meeting incremental working capital requirements.
- General corporate purposes.
IPO - FAQs
Ans. Le Merite Exports Limited IPO is a SME IPO. The issue is priced at ₹75 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Apr 25, 2022, and closes on Apr 28, 2022. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Le Merite Exports Limited IPO opens on Apr 25, 2022 and closes on Apr 28, 2022.
Ans. The size of Le Merite Exports Limited IPO is 6,400,000 Eq Shares of ₹10(aggregating up to ₹48.00 Cr).
Ans. The IPO price band is set between ₹75 per equity share.
Ans. To apply for Le Merite Exports Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Le Merite Exports Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Le Merite Exports Limited IPO is May 5, 2022.
Ans. The Le Merite Exports Limited IPO will be listed on May 9, 2022.
Ans. Follow the steps to check the allotment status for Le Merite Exports Limited IPO here.
