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Le Merite Exports IPO vs Rachana Infrastructure IPO

Comparision between Le Merite Exports IPO and Rachana Infrastructure IPO.

IPO Details

Le Merite Exports IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rachana Infrastructure IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Le Merite Exports IPO Rachana Infrastructure IPO
Logo Le Merite Exports IPO Logo Rachana Infrastructure IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Fedex Securities Pvt Ltd Interactive Financial Services Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Le Merite Exports IPO is up to ₹48.00 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹76.28 Cr. The final issue price of Le Merite Exports IPO is ₹75.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.

  Le Merite Exports IPO Rachana Infrastructure IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹75.00 per share ₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1000 shares
Fresh Issue Size 28,25,000 shares
Fresh Issue Size (Amount) up to ₹38.14 Cr
OFS Issue Size 28,25,000 shares
OFS Issue Size (Amount) up to ₹38.14 Cr
Issue Size Total 64,00,000 shares 56,50,000 shares
Issue Size Total (Amount) up to ₹48.00 Cr up to ₹76.28 Cr

IPO Timetable

Le Merite Exports IPO opens on Apr 25, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Le Merite Exports IPO and Rachana Infrastructure IPO is Apr 28, 2022, and Jun 02, 2022, respectively.

  Le Merite Exports IPO Rachana Infrastructure IPO
Anchor Bid Date
Issue Open Apr 25, 2022 May 20, 2022
Issue Close Apr 28, 2022 Jun 02, 2022
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Le Merite Exports IPO P/E ratio is 11.09, as compared to Rachana Infrastructure IPO P/E ratio of 138.

  Le Merite Exports IPO Rachana Infrastructure IPO
Financial
Summary of financial Information
Particulars For the year/period ended (Rs in Lakhs)
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 Revenue 37,087.03 26,913.44 21,728.00 18,093.32
Profit After Tax 1,586.91 705.65 314.62 112.83
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Lakhs)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 8,784.50 8,043.07 10,618.21 7,981.82
Total Revenue 4,171.07 10,705.67 15,840.55 11,393.32
Profit After Tax 139.85 455.31 597.13 466.45
Promoter Shareholding (Pre-Issue) 99.99% 83.44%
Promoter Shareholding (Post-Issue)
P/E Ratio 11.09 138
Market Cap ₹176.11 Cr. ₹256.75 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Le Merite Exports IPO retail investors (RII) are offered 30,32,000 shares while in Rachana Infrastructure IPO retail investors are offered 30,32,000 shares. Qualified institutional buyers (QIB) are offered in Le Merite Exports IPO and in Rachana Infrastructure IPO.

  Le Merite Exports IPO Rachana Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,36,000 shares 2,84,000 shares
QIB
NII 30,32,000 shares 26,83,000 shares
RII 30,32,000 shares 26,83,000 shares
Employee
Others
Total 60,64,000 shares 53,66,000 shares

Bids Received (Subscription)

Le Merite Exports IPO subscribed 15.69x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.

  Le Merite Exports IPO Rachana Infrastructure IPO
QIB (times)
NII (times) 15.27x 1.82x
Big NII (times)
Small NII (times)
RII (times) 16.10x 0.60x
Employee (times)
Other (times)
Total (times) 15.69x 1.21x

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