Le Merite Exports IPO Details

Le Merite Exports IPO subscription is to open on 25 April and will close on 28 April 2022, Check the Le Merite Exports Subscription Status & Allotment Status.

About Le Merite Exports

Le Merite Exports is an ISO 9001:2015 certified company engaged in manufacturing and trading of textile products namely cotton yarn, greige fabric and finished fabric for domestic and export sales. Le Merite Exports deal in diversified product portfolio with capability to supply compact cotton yarn varying from counts NE 16/1 to NE 32/1 & NE 16/2 to NE 32/2 combed carded & double yarn that are used in various forms and for varied end uses.

Le Merite Exports also export sustainable – ecofriendly organic yarn and fabric to international textile and garment manufacturers. The company has been recognized as “Three Star Export House” by the Director General of Foreign Trade with a certificate valid from September 30, 2015 to September 29, 2020. Further the Company had made an application on September 29, 2021 for renewal of certificate. The Company have incorporated two (2) subsidiary companies for diversification into non cotton yarn products:

a) Le Merite Filament Private Limited
b) Le Merite Laxmi Spinning Private Limited

Important Details – Le Merite Exports

December 24, 2003The company was originally incorporated as a Private Limited Company in name and style of “Didwaniya Yarn Exports Private Limited”
August 07, 2004The name of the company was changed to “Le Merite Exports Private Limited”
June 02, 2015The company was converted into a Public Limited and consequent upon such conversion the name of the company was changed to “Le Merite Exports Limited”

Objects of the Issue

  • Meeting incremental working capital requirements; and
  • General corporate purposes

Le Merite Exports Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 17,706.95 9,202.17 5,626.08 5,660.48
Total income 37,087.03 26,913.44 21,728.00 18,093.32
Total Expenses 34,969.18 25,977.10 21,296.94 17,933.07
Profit After Tax 1586.91 705.65 314.62 112.83

Le Merite Exports IPO Price – Details

DescriptionLEMERITE IPO Details
Public IssueInitial Public Issue of upto 64,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 4,800 lakhs)
Issue Open  Date25-Apr-22
Issue Close Date28-Apr-22
Issue TypeFixed Price
IPO Price Band₹ 75
Face Value ₹ 10
Market Lot 1600 Equity Shares and in multiples thereof
Minimum Order Quantity 1600 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolLEMERITE
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Le Merite Exports IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum11600₹ 1,20,000
Maximum11600₹ 1,20,000

Le Merite IPO Lead Managers

  • Fedex Securities Private Limited

Le Merite IPO Registrar

Le Merite IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on25-Apr-22
Bid / Offer Closes on28-Apr-22
Finalisation of Basis of Allotment04-May-22
Initiation of refunds 05-May-22
Credit of the Equity Shares06-May-22
Listing Date09-May-22

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total Income
(Rs. in
Lakhs)
NAV, as on March 31, 2021
(₹ per share)
Le Merite Exports Limited104.1326,913.4414.25
Ambika Cotton Mills Ltd 10118.6863,369.56987.26
Pashupati Cotspin Ltd103.8044,327.7664.42
Shiva Texyarn Ltd109.4734,774.5495.37
Sambandam Spinning Mills Ltd1019.0323,139.02236.48
Precot Ltd.1027.4667,084.00284.68
KPR Mills Ltd114.983,56,899.0068.31

Company Registered Office

B1-104D, Boomerang,
Chandivali Farm Road,
Powai, Andheri (East),
Mumbai – 400072,
Maharashtra, India.
Website: www.lemeriteexports.com

Company Promoters

  • Abhishek Lath
  • Umashankar Lath

Le Merite IPO – FAQS

What is the Le Merite IPO Price?

The Le Merite IPO price band is 75 per share

When Le Merite IPO will open?

The Le Merite Exports IPO opens on Apr 25, 2022 and closes on Apr 28, 2022

What is the lot size of Le Merite Exports IPO?

The Le Merite Exports IPO lot size is 1600 Equity Shares and the minimum order quantity is 1600 Equity Shares

Who is the Registrar for Le Merite Exports IPO?

The Registrar for Le Merite Exports IPO is Bigshare Services Private Limited

How to apply in Le Merite Exports IPO through UPI?

Check the step by step process here – Click here

How to apply in Le Merite Exports IPO through Zerodha?

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