Le Merite Exports IPO vs Sunrise Efficient Marketing IPO

Comparision between Le Merite Exports IPO and Sunrise Efficient Marketing IPO.

IPO Details

Le Merite Exports IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sunrise Efficient Marketing IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Le Merite Exports IPO	Sunrise Efficient Marketing IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Fedex Securities Pvt Ltd	Fedex Securities Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Sunrise Efficient Marketing IPO is up to ₹16.70 Cr. The final issue price of Le Merite Exports IPO is ₹75.00 per share and of Sunrise Efficient Marketing IPO is ₹121.00 per share.

	Le Merite Exports IPO	Sunrise Efficient Marketing IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹75.00 per share	₹121.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size		13,80,000 shares
Fresh Issue Size (Amount)		up to ₹16.70 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,00,000 shares	13,80,000 shares
Issue Size Total (Amount)	up to ₹48.00 Cr	up to ₹16.70 Cr

IPO Timetable

Le Merite Exports IPO opens on Apr 25, 2022, while Sunrise Efficient Marketing IPO opens on Mar 30, 2022. The closing date of Le Merite Exports IPO and Sunrise Efficient Marketing IPO is Apr 28, 2022, and Apr 05, 2022, respectively.

	Le Merite Exports IPO	Sunrise Efficient Marketing IPO
Anchor Bid Date
Issue Open	Apr 25, 2022	Mar 30, 2022
Issue Close	Apr 28, 2022	Apr 05, 2022
Basis Of Allotment (Tentative)		Apr 08, 2022
Initiation of Refunds (Tentative)		Apr 11, 2022
Credit of Share (Tentative)		Apr 12, 2022
Listing date (Tentative)		Apr 12, 2022
Anchor Lockin End date 1		May 08, 2022
Anchor Lockin End date 2		Jul 07, 2022

Financials

Le Merite Exports IPO P/E ratio is 11.09, as compared to Sunrise Efficient Marketing IPO P/E ratio of 9.7.

Le Merite Exports IPO

Sunrise Efficient Marketing 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 Consolidated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sep-21	31-Mar-21
Total Assets	2,279.36	1,651.16
Total Revenue	3,006.79	2,618.52
Profit After Tax	312.36	18.37

Promoter Shareholding (Pre-Issue)

99.99%

Promoter Shareholding (Post-Issue)

72.40%

P/E Ratio

11.09

9.7

Market Cap

₹176.11 Cr.

₹60.50 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 Sunrise Efficient Marketing IPO retail investors are offered 30,32,000 shares. Qualified institutional buyers (QIB) are offered in Le Merite Exports IPO and in Sunrise Efficient Marketing IPO.

	Le Merite Exports IPO	Sunrise Efficient Marketing IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,36,000 shares	78,000 shares
QIB
NII	30,32,000 shares	6,51,000 shares
RII	30,32,000 shares	6,51,000 shares
Employee
Others
Total	60,64,000 shares	13,02,000 shares

Bids Received (Subscription)

Le Merite Exports IPO subscribed 15.69x in total, whereas Sunrise Efficient Marketing IPO subscribed 1.46x.

	Le Merite Exports IPO	Sunrise Efficient Marketing IPO
QIB (times)
NII (times)	15.27x	1.78x
Big NII (times)
Small NII (times)
RII (times)	16.10x	1.13x
Employee (times)
Other (times)
Total (times)	15.69x	1.46x

Compare with others

Le Merite Exports IPO	Sunrise Efficient Marketing IPO
Globesecure Technologies IPO	Fone4 Communications IPO
Rachana Infrastructure IPO	Le Merite Exports IPO
Sonu Infratech IPO	Shashwat Furnishing Solutions IPO
Nanavati Ventures IPO	Global Longlife Hospital IPO
Fone4 Communications IPO	Eighty Jewellers IPO
Shashwat Furnishing Solutions IPO	Dhyaani Tile IPO
Global Longlife Hospital IPO	Jeena Sikho IPO
Eighty Jewellers IPO	Empyrean Cashews IPO
Sunrise Efficient Marketing IPO	krishna defence ipo
Dhyaani Tile IPO	p e-analytics-ipo

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