Le Merite Exports IPO vs Sonu Infratech IPO

Comparision between Le Merite Exports IPO and Sonu Infratech IPO.

IPO Details

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

	Le Merite Exports IPO	Sonu Infratech 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	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private 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 Sonu Infratech IPO is up to ₹8.64 Cr. The final issue price of Le Merite Exports IPO is ₹75.00 per share and of Sonu Infratech IPO is ₹36.00 per share.

	Le Merite Exports IPO	Sonu Infratech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹75.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size		24,00,000 shares
Fresh Issue Size (Amount)		up to ₹8.64 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,00,000 shares	24,00,000 shares
Issue Size Total (Amount)	up to ₹48.00 Cr	up to ₹8.64 Cr

IPO Timetable

Le Merite Exports IPO opens on Apr 25, 2022, while Sonu Infratech IPO opens on Apr 29, 2022. The closing date of Le Merite Exports IPO and Sonu Infratech IPO is Apr 28, 2022, and May 05, 2022, respectively.

	Le Merite Exports IPO	Sonu Infratech IPO
Anchor Bid Date
Issue Open	Apr 25, 2022	Apr 29, 2022
Issue Close	Apr 28, 2022	May 05, 2022
Basis Of Allotment (Tentative)		May 10, 2022
Initiation of Refunds (Tentative)		May 11, 2022
Credit of Share (Tentative)		May 12, 2022
Listing date (Tentative)
Anchor Lockin End date 1		Jun 09, 2022
Anchor Lockin End date 2		Aug 08, 2022

Financials

Le Merite Exports IPO P/E ratio is 11.09, as compared to Sonu Infratech IPO P/E ratio of 15.79.

Le Merite Exports IPO

Sonu Infratech 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)
Particulars	For the year/period ended (Rs in Lakhs)
	31-Oct-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	5,503.07	4,319.18	2,902.96	2,696.21
Total Revenue	3,239.50	4,076.69	4,114.07	3,412.77
Profit After Tax	104.27	139.80	66.01	64.47

Promoter Shareholding (Pre-Issue)

99.99%

94.28%

Promoter Shareholding (Post-Issue)

65.45%

P/E Ratio

11.09

15.79

Market Cap

₹176.11 Cr.

₹28.26 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 Sonu Infratech IPO retail investors are offered 30,32,000 shares. Qualified institutional buyers (QIB) are offered in Le Merite Exports IPO and in Sonu Infratech IPO.

	Le Merite Exports IPO	Sonu Infratech IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,36,000 shares	1,20,000 shares
QIB
NII	30,32,000 shares	11,40,000 shares
RII	30,32,000 shares	11,40,000 shares
Employee
Others
Total	60,64,000 shares	22,80,000 shares

Bids Received (Subscription)

Le Merite Exports IPO subscribed 15.69x in total, whereas Sonu Infratech IPO subscribed 16.52x.

	Le Merite Exports IPO	Sonu Infratech IPO
QIB (times)
NII (times)	15.27x	13.43x
Big NII (times)
Small NII (times)
RII (times)	16.10x	19.60x
Employee (times)
Other (times)
Total (times)	15.69x	16.52x

Compare with others

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Globesecure Technologies IPO	Scarnose International IPO
Rachana Infrastructure IPO	Silver Pearl Hospitality IPO
Sonu Infratech IPO	Fidel Softech IPO
Nanavati Ventures IPO	Globesecure Technologies IPO
Fone4 Communications IPO	Rachana Infrastructure IPO
Shashwat Furnishing Solutions IPO	Nanavati Ventures IPO
Global Longlife Hospital IPO	Fone4 Communications IPO
Eighty Jewellers IPO	Le Merite Exports IPO
Sunrise Efficient Marketing IPO	Shashwat Furnishing Solutions IPO
Dhyaani Tile IPO	Global Longlife Hospital IPO

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