Le Merite Exports IPO description – 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. It deals 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. The company’s business is divided into three separate yarn business verticals, consisting of a) manufacturing of yarn, b) trading of yarn, and c) trading of greige and finished fabrics.
Exports accounted for 87.46% of revenue from sale of products for the half year period ended on 30 September 2021. For Fiscal 2021, the company exported its products to more than 23 countries with more than 70 % of the revenue from export sales coming from China, Bangladesh, Turkey and Iran.
In 2021, the company incorporated two subsidiary companies – Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited – for diversification into non cotton yarn products.
Le Merite Exports is a recognized three star export house and exports more than 20,000 MTPA of yarn. it is highly dedicated in achieving customer satisfaction and building long term relationships.
Promoters of Le Merite Exports – Abhishek Lath and Umashankar Lath
Le Merite Exports IPO Details
| Subscription Dates | 25 – 28 April 2022 |
| Price Band | INR75 per share |
| Fresh issue | 64,00,000 shares (INR48 crore) |
| Offer For Sale | Nil |
| Total IPO size | 64,00,000 shares (INR48 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Le Merite Exports Financial Performance
| Â | FY2019 | FY2020 | FY2021 | H1 FY2022 |
| Revenue | 180.93 | 217.28 | 269.13 | 213.85 |
| Expenses | 179.33 | 212.97 | 259.77 | 198.94 |
| Net income | 1.13 | 3.15 | 7.06 | 11.18 |
Le Merite Exports Offer News
Le Merite Exports Offer Valuation (as of FY2021)
Earnings Per Share (EPS): INR4.13
Pre-IPO Price/Earnings (PE ratio): 18.16
Return on Net Worth (RONW): 28.99%
Net Asset Value (NAV): INR14.25 per share
Le Merite Exports IPO GMP Daily Trend
| Date | Le Merite Exports IPO GMP | Kostak | Subject to Sauda |
| 4 May 2022 | – | – | INR8,500 |
| 2 May 2022 | – | – | INR8,500 |
| 30 Apr 2022 | – | – | INR9,000 |
| 29 Apr 2022 | – | – | INR9,000 |
| 28 Apr 2022 | – | – | INR9,000 |
| 27 Apr 2022 | – | – | INR12,000 |
| 26 Apr 2022 | – | – | INR15,000 |
| 25 Apr 2022 | – | – | INR15,000 |
| 23 Apr 2022 | – | – | INR15,000 |
| 22 Apr 2022 | – | – | INR15,000 |
| 21 Apr 2022 | – | – | INR15,000 |
| 20 Apr 2022 | – | – | INR15,000 |
Le Merite Exports IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 32,00,000 | 32,00,000 | 64,00,000 |
| Day 1 | 0.64 | 1.23 | 0.94 |
| Day 2 | 1.03 | 3.54 | 2.29 |
| Day 3 | 1.78 | 6.51 | 4.14 |
| Day 4 | 14.72 | 15.25 | 14.86 |
Le Merite Exports Offer Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059,
Maharashtra
Phone:Â +91 22 6263 8200
Fax. No.:Â +91 22 6263 8280
Email:Â [email protected]
Website:Â www.bigshareonline.com
Le Merite Exports IPO Contact Details
Le Merite Exports Limited
B1-104D, Boomerang,
Chandivali Farm Road, Powai, Andheri (East),
Mumbai – 400072, Maharashtra
Phone: 022 28579209
Email: [email protected]
Website: www.lemeriteexports.com
Le Merite Exports IPO Allotment Status
Le Merite IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.
Le Merite Exports IPO Timetable
| IPO Opening Date | 25 April 2022 |
| IPO Closing Date | 28 April 2022 |
| Finalisation of Basis of Allotment | 4 May 2022 |
| Initiation of refunds | 5 May 2022 |
| Transfer of shares to demat accounts | 6 May 2022 |
| Listing Date | 9 May 2022 |
| Opening Price on NSE | INR75 per share (no change from IPO price) |
| Closing Price on NSE | INR78.75 per share (up 5% from IPO price) |
Le Merite Exports IPO FAQs
What isLe Merite Exports offer size?
Le Merite Exports offer size is coming on 25 April 2022.
What is Le Merite Exports IPO Price Band?
Le Merite Exports public offer price is INR75 per share.
What is the lot size of Le Merite Exports IPO?
Le Merite Exports offer lot size is 1,600 shares.
What is Le Merite Exports IPO GMP today?
Le Merite Exports IPO GMP today is NA per share.
What is Le Merite Exports kostak rate today?
Le Merite Exports kostak rate today is NA per application.
What is Le Merite Exports Subject to Sauda rate today?
Le Merite Exports Subject to Sauda rate today is INR12,000 per application.
