New NSE SME IPO : LMEL LE Merite Export Limited 3 Star 9001 : 2008 ISO certified Top customer : Walmart Equity shares offered : 74 Lakh FV : 10 Tentative date 7-10
The language used in "www.lemeriteexports.com/export-market.html" seems to be deliberately misleading. If we read very carefully, this company doesn't supply directly to Walmart & Ikea but their customers seems to be "SUPPLIERS' or other intermediaries who are direct supplier of Walmart & IKEA.
Suppliers may play their role as intermediaries as large MNCs hire broker/middle man/agencies/logistic companies/contractors as per their quality requirement. In the article they have used the words like ' regular customers ' , ' range of customer base ' etc. and also it is exporting company so we can correlate directly or indirectly that companies. We'll check it once this IPO page opens. The most important thing is the issue price. Let's see how LM Fedex fixes the issue price.
12.3. antarix| Link| Bookmark|
February 26, 2022 12:12:46 PM
IPO Guru (1000+ Posts, 700+ Likes)
So, two prospective investors (Vibhor and Gaurav) are living just half a km from the company's location. Hope that you bring some inside information of the company which may be valuable for us. π
@Traderjee := I just opened the sight. It opened but I did not dare to use it (only for the time being). You can notice that the site starts with HTTP (showing insecure) instead it should start with HTTPS. The company must take care of it. ( an appeal to the company).
@ Anari yes website is working now. It looks like 90s website too old look. They should at least add SSL for HTTPS. RightNow website shows Not Secure in browser
Respected members, I am have never applied for SME ipo it's my first time I just wanted to know from all of your experiences that do SME'S has very low liquidity? DO IF WE PUT ON SELL DO WE HAVE TO PUT LOTS ON SELLING? AND IF THERE IS LISTING GAINS, AND IF WE DECIDE TO SELL DO WE HAVE BUYERS ON LISTING DAY? PLEASE REPLY
4. Venkatram| Link| Bookmark|
February 23, 2022 9:52:21 AM
Top Contributor (300+ Posts, 100+ Likes)
"It exports CNG fuel systems to countries such as New Jersey" - USA will be very angry that this IPO has recognized the City of New Jersey as a separate country. :) LOL when will these SME IPO lead managers draft error free DRHP and RHP.