Le Merite Exports Limited IPO
NSE SMEListed On: May 9, 2022 at ₹ 75.0
₹ 240000 /3200 Shares
*Min Investment
25 Apr, 2022
Open Date28 Apr, 2022
Close Date05 May, 2022
Allotment Date09 May, 2022
Listing DateIPO Issue Details
- Issue Price ₹75 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 6,400,000 Eq Shares of ₹10(aggregating up to ₹48.00 Cr)
- Listing at NSE SME
- List Price 75.0
- Listing Date 2022-05-09
- Lead Manager Fedex Securities Limited
- Registrar Bigshare Services Pvt Ltd
IPO Details
- Retail Portion N/A
IPO Details
Le Merite Exports Limited IPO is an SME IPO, priced at ₹75 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Apr 25, 2022 to Apr 28, 2022. The allotment is expected to be finalized on May 5, 2022, and the tentative listing date is May 9, 2022.
The registrar of the IPO is Bigshare Services Pvt Ltd, and
IPO Subscription Analysis And 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
Company Financials
| 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 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)
Abhishek Lath
Umashankar Lath
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : %
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. You can track the real-time subscription numbers using the links below:
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 Le Merite Exports Limited IPO price band is set between ₹75 per equity share.
Ans. To apply for Le Merite Exports Limited 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 Le Merite Exports Limited IPO allotment status online.
