Le Merite Exports Limited IPO
NSE SME₹120,000 / 1600 Shares
Le Merite Exports Limited IPO Details
The Le Merite Exports Limited IPO price band is set between ₹75 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 25 Apr, 2022 and closes on 28 Apr, 2022. Investors can check the allotment status on 5 May, 2022, while the listing date is tentatively scheduled for 9 May, 2022.
The total issue size is 6,400,000 Eq Shares of ₹10, aggregating up to ₹48.00 Cr. Stay tuned for the latest Le Merite Exports Limited IPO review and GMP updates.
Le Merite Exports Limited IPO Review, Rating & Analysis
Le Merite Exports Limited IPO Review
NO REVIEWLe Merite Exports Limited IPO Rating
Le Merite Exports Limited IPO Highlights
IPO Date
Apr 25, 2022 - Apr 28, 2022
Listing Date
9 May, 2022
Face Value
₹10 Per Equity Share
Price Band
₹75 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Le Merite Exports Limited IPO Lot Size
The minimum market lot for Le Merite Exports Limited IPO is 1600 shares with an application amount of ₹1,20,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
| S-HNI (Min) | 2 | 3200 | ₹2,40,000 |
| S-HNI (Max) | 8 | 12800 | ₹9,60,000 |
| B-HNI (Min) | 9 | 14400 | ₹10,80,000 |
Le Merite Exports Limited IPO Timeline
Issue Price
₹75 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Fedex Securities LimitedIssue Size
6,400,000 Eq Shares of ₹10(aggregating up to ₹48.00 Cr)Le Merite Exports Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Dec 21 | 177.06 | 370.87 | 15.86 | - | - | - |
| 31 Mar 21 | 92.02 | 269.13 | 7.05 | - | - | - |
| 31 Mar 20 | 56.26 | 217.28 | 3.14 | - | - | - |
| 31 Mar 19 | 56.60 | 180.93 | 1.12 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Abhishek Lath
- Umashankar Lath
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | % |
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.
Le Merite Exports Limited IPO 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 |
Frequently Asked Questions about Le Merite Exports Limited IPO IPO
When will Le Merite Exports Limited IPO open for subscription?
The Le Merite Exports Limited IPO opens on 25 Apr, 2022 and closes on 28 Apr, 2022.
What is the investors portion for Le Merite Exports Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 3032000.
How to apply for Le Merite Exports Limited IPO?
You can apply for Le Merite Exports Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Le Merite Exports Limited IPO?
The issue size of Le Merite Exports Limited IPO is approx ₹6,400,000 Eq Shares of ₹10(aggregating up to ₹48.00 Cr) crores.
What is the price band of Le Merite Exports Limited IPO?
The price band for Le Merite Exports Limited IPO is ₹75 per equity share to ₹undefined.
What is the lot size of Le Merite Exports Limited IPO?
The minimum bid (lot size) for Le Merite Exports Limited IPO is N/A shares with an investment of approx ₹120,000 .
What is the allotment date of Le Merite Exports Limited IPO?
The allotment date for Le Merite Exports Limited IPO is 5 May, 2022.
What is the listing date of Le Merite Exports Limited IPO?
The listing date for Le Merite Exports Limited IPO is expected to be 9 May, 2022.
What is the GMP of Le Merite Exports Limited IPO?
The latest Grey Market Premium (GMP) for Le Merite Exports Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.