Le Merite Exports IPO, GMP, Review, Price, Allotment

1
Le Marite Exports IPO

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 Dates25 – 28 April 2022
Price BandINR75 per share
Fresh issue64,00,000 shares (INR48 crore)
Offer For SaleNil
Total IPO size64,00,000 shares (INR48 crore)
Minimum bid (lot size)1,600 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge

Le Merite Exports Financial Performance

 FY2019FY2020FY2021H1 FY2022
Revenue180.93217.28269.13213.85
Expenses179.33212.97259.77198.94
Net income1.133.157.0611.18
Figures in INR Crores unless specified otherwise

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

DateLe Merite Exports IPO GMPKostakSubject to Sauda
4 May 2022 INR8,500
2 May 2022 INR8,500
30 Apr 2022INR9,000
29 Apr 2022INR9,000
28 Apr 2022INR9,000
27 Apr 2022 INR12,000
26 Apr 2022INR15,000
25 Apr 2022INR15,000
23 Apr 2022INR15,000
22 Apr 2022INR15,000
21 Apr 2022INR15,000
20 Apr 2022INR15,000

Le Merite Exports IPO Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered32,00,00032,00,00064,00,000
Day 10.641.230.94
Day 21.033.542.29
Day 31.786.514.14
Day 414.7215.2514.86
Subscription figures in number of times, at 5 PM

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: +91 22 6263 8200
Fax. No.: +91 22 6263 8280
Email: [email protected]
Website: 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 Date25 April 2022
IPO Closing Date28 April 2022
Finalisation of Basis of Allotment4 May 2022
Initiation of refunds5 May 2022
Transfer of shares to demat accounts6 May 2022
Listing Date9 May 2022
Opening Price on NSEINR75 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.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here