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
- Important Details – Le Merite Exports
- Objects of the Issue
- Le Merite Exports Limited Financials:
- Le Merite Exports IPO Price – Details
- Le Merite IPO DRHP & RHP
- Le Merite Exports IPO Lot Size
- Le Merite IPO Lead Managers
- Le Merite IPO Registrar
- Le Merite IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered Office
- Company Promoters
- Le Merite IPO – FAQS
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, 2003 | The company was originally incorporated as a Private Limited Company in name and style of “Didwaniya Yarn Exports Private Limited” |
| August 07, 2004 | The name of the company was changed to “Le Merite Exports Private Limited” |
| June 02, 2015 | The 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
| Description | LEMERITE IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 64,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 4,800 lakhs) |
| Issue Open Date | 25-Apr-22 |
| Issue Close Date | 28-Apr-22 |
| Issue Type | Fixed 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 Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | LEMERITE |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Le Merite IPO DRHP & RHP
Le Merite Exports IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 1600 | ₹ 1,20,000 |
| Maximum | 1 | 1600 | ₹ 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
| Details | Date |
|---|---|
| Bid / Offer Opens on | 25-Apr-22 |
| Bid / Offer Closes on | 28-Apr-22 |
| Finalisation of Basis of Allotment | 04-May-22 |
| Initiation of refunds | 05-May-22 |
| Credit of the Equity Shares | 06-May-22 |
| Listing Date | 09-May-22 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Total Income (Rs. in Lakhs) | NAV, as on March 31, 2021 (₹ per share) |
| Le Merite Exports Limited | 10 | 4.13 | 26,913.44 | 14.25 |
| Ambika Cotton Mills Ltd | 10 | 118.68 | 63,369.56 | 987.26 |
| Pashupati Cotspin Ltd | 10 | 3.80 | 44,327.76 | 64.42 |
| Shiva Texyarn Ltd | 10 | 9.47 | 34,774.54 | 95.37 |
| Sambandam Spinning Mills Ltd | 10 | 19.03 | 23,139.02 | 236.48 |
| Precot Ltd. | 10 | 27.46 | 67,084.00 | 284.68 |
| KPR Mills Ltd | 1 | 14.98 | 3,56,899.00 | 68.31 |
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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