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Le Merite Exports Limited IPO (Le Merite Exports IPO) Detail

April 25, 2022 - April 28, 2022

Le Merite Exports IPO is a fixed price issue of Rs 48.00 crores.

Le Merite Exports IPO bidding started from April 25, 2022 and ended on April 28, 2022. The shares got listed on NSE SME on May 9, 2022.

Le Merite Exports IPO price is ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Fedex Securities Pvt Ltd is the book running lead manager of the Le Merite Exports IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Le Merite Exports IPO RHP for detailed information.

Le Merite Exports IPO Details

IPO Date April 25, 2022 to April 28, 2022
Listing Date May 9, 2022
Face Value ₹10 per share
Price ₹75 per share
Lot Size 1600 Shares
Total Issue Size6,400,000 shares
(aggregating up to ₹48.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion336,000 shares

Le Merite Exports IPO Reservation

Le Merite Exports IPO offers 6,400,000 shares. 3,032,000 (47.38%) to NII, 3,032,000 (47.38%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered336,000 (5.25%)
Other Shares Offered3,032,000 (47.38%)
Retail Shares Offered3,032,000 (47.38%)
Total Shares Offered6,400,000 (100%)

Le Merite Exports IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹120,000
Retail (Max) 1 1600 ₹120,000
Lot Size Calculator

Le Merite Exports IPO Promoter Holding

Abhishek Lath and Umashankar Lath are the company promoters.

Share Holding Pre Issue 99.99%
Share Holding Post Issue

About Le Merite Exports Limited

Incorporated in 2003, Le Merite Exports Private Limited is engaged in the manufacturing and trading of textile products such as cotton yarn, greige fabric and finished fabric. The company conducts business through three verticals, consisting of manufacturing of yarn, trading of yarn, and trading of greige and finished fabrics. Le Merite Exports Private Limited's former name was Didwaniya Yarn Exports Private Limited. The company offers a wide range of products such as cotton fabric, towel & bed-sheet fabric, polyester and viscose material, apparel fabric, dyed yarn, etc. The company has two subsidiaries namely Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited.

The company exports its products to domestic and international markets, including 52 countries covering 5 continents.

Competitive Strengths:

  1. Experienced management team with a proven track record and dedicated employee base.
  2. Low Capex operational model.
  3. Long standing association with low customer concentration.
  4. Deep knowledge and understanding of optimal product assortment.
  5. Strong supplier network.
  6. Diversification into Organic and Sustainable Eco-Friendly Textiles.

Company Financials

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

Key Performance Indicator

The market capitalization of Le Merite Exports IPO is Rs 176.11 Cr.

Pre IPO Post IPO
P/E (x) 11.09

Objects of the Issue (Le Merite Exports IPO Objectives)

The company proposes to utilize the Net Proceeds from the issue towards the following objects:

  1. Meeting incremental working capital requirements.
  2. General corporate purposes.

Le Merite Exports IPO Review (May apply)

[Dilip Davda]  The company is largely doing trading in textile products with third-party contracts. Its major earnings are from exports. Rising margin earnings shown by it over the last three fiscals are surprising and raise eyebrows. In the context of its recent super earnings, its valuations are at the optimum level. The sustainability of such a margin going forward is a major concern. Dependency on third party contracts poses major risks. Government policy on trade with China, and recent clashes with Turkey pose threats for its export earnings. Cash surplus risk seekers may consider parking funds for the medium to long term. Read detail review...

Le Merite Exports IPO Subscription Status (Bidding Detail)

The Le Merite Exports IPO is subscribed 15.69 times on April 28, 2022 5:00:00 PM. The public issue subscribed 16.10 times in the retail category, times in the QIB category, and 15.27 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Le Merite Exports IPO Prospectus

Le Merite Exports IPO Rating

Rating:Rated 4.2 stars
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Le Merite Exports IPO Listing Details

Listing Date May 9, 2022
BSE Script Code
Final Issue Price ₹75 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Le Merite Exports Limited Contact Details

Le Merite Exports Limited
C B1-104D, Boomerang,
Chandivali Farm Road, Powai,
Andheri (East), Mumbai - 400072
Phone: +022 28579209

Le Merite Exports IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Le Merite Exports IPO - Buy or Not

Le Merite Exports IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 15 3 1

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Le Merite Exports IPO FAQs

Le Merite Exports IPO is a SME IPO of 6,400,000 equity shares of the face value of ₹10 aggregating up to ₹48.00 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600 Shares.

The IPO opens on April 25, 2022, and closes on April 28, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Le Merite Exports IPO using UPI as a payment gateway. Zerodha customers can apply in Le Merite Exports IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Le Merite Exports IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Le Merite Exports IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Le Merite Exports IPO opens on April 25, 2022 and closes on April 28, 2022.

Le Merite Exports IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.

You can apply in Le Merite Exports IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Le Merite Exports IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Le Merite Exports IPO allotment status.

The Le Merite Exports IPO listing date is on May 9, 2022.
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Le Merite Exports IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



392. AbFrancis |   Link |  Bookmark |June 4, 2022 7:14:57 PM
Considering the results, the stock should start an up move commencing monday.
391. CoolAsh |   Link |  Bookmark |June 3, 2022 2:55:53 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
The results look fabulous. 27.98 crores profit for the year. 12.33 EPS and 1 Rupee divided per share.

Not sure why this is falling.
391.1. CoolAsh |   Link |  Bookmark |June 3, 2022 3:45:42 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Profit is 21.05 crores, EPS 12.33
390. mark bab |   Link |  Bookmark |June 3, 2022 10:24:49 AM (200+ Posts) both are holding it. Have you considered any stoploss for this? what stoploss should i put... I am holding since IPO.

Thank you :)
390.1. Ram kariya |   Link |  Bookmark |June 3, 2022 11:07:58 AM
Lokes sir sold it @78.
Mravi sir still holding.

I hope other respected members are also holding like @avenue sir, Noorul Sir, GJ Sir and @Ravu Sir
389. VKanna |   Link |  Bookmark |June 3, 2022 9:26:27 AM
Bought at 86 per share, 6 lots, in huge loss now. Experts please share your views. Day by day the share price reduces. Whether it's advisable to hold or exit and save the remaining capital
388. Deepak Rathore |   Link |  Bookmark |June 1, 2022 9:12:38 PM
What is ex date for dividend of Rs 1 and why its price falling.
387. Takamichi |   Link |  Bookmark |May 31, 2022 1:37:06 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
@mravi r u still holding kn agri? It is going down day by day, any view on that
387.1. MRavichandran |   Link |  Bookmark |June 1, 2022 7:02:44 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
I sold 3 lots long ago where I bought from secondary market, was thinking to buy again (gone out of radar). Most of the SME stocks were hit hard recently. This is very good share for long term after good results. It will go up once market recovers.

386. Mas |   Link |  Bookmark |June 1, 2022 11:28:35 AM (200+ Posts)
Anyone can interpret Swaraj Results, it would be great help. Thanks in advance
385. MRavichandran |   Link |  Bookmark |May 30, 2022 9:28:25 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
For those holding Swaraj Suiting's: (results:)


384. MRavichandran |   Link |  Bookmark |May 30, 2022 9:16:19 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Le Merite Exports Results:

384.5. Ravu |   Link |  Bookmark |May 31, 2022 11:53:11 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Result is good. and I was expecting upmove on morning itself.
I think soon it will get the momentum.

Holding 2 lots
384.6. MehulStk |   Link |  Bookmark |May 31, 2022 11:57:52 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@MRavi Sir, How you interpreted the Swaraj Suiting result. What will be your future strategy on this script? Thanks for posting results
383. Ram kariya |   Link |  Bookmark |May 30, 2022 9:36:34 PM
Dear experts,
Please share your valuable opinion on the results. Is it good, bad or average? Should one continue to hold or look for exit at earliest possible?

382. MRavichandran |   Link |  Bookmark |May 30, 2022 9:34:31 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
For those holding AB Cotspin (Results)


381. Takamichi |   Link |  Bookmark |May 30, 2022 6:48:27 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Any update on results?
381.10. checkmate |   Link |  Bookmark |May 30, 2022 9:06:22 PM

Ok Sir!

Addition to my previous posts.... The EPS of 12.33 is on pre IPO equity base. The EPS would be approx 9/-, and I still hold my view that the results are good. Promoters are holding high percentage of equity. I have just one lot, and being a small player, I already made a decent profit as per my epitite, during the first week of listing.
381.11. checkmate |   Link |  Bookmark |May 30, 2022 9:27:24 PM

Apropos the issue of short term borrowings doubling, the working capital comprises of Trade Receivables, Trade Payables, Inventory, Short Term Borrowings (mostly NBFCs or Banks), Other Current Assets / Liabilities, etc.

Looking at the objects of issue disclosed in RHP, a major chunk of around 90 percent out of 48.00 Crores IPO proceeds are to be utilised for increased working capital requirements. This purpose itself would mean the short term borrowings getting reduced to that extent. To place it in another way, if the company was able to arrange for increased short term borrowings during FY 2021-22, it may continue to avail the same doubled level of short term borrowings, simultaneously utilising the IPO funds for achieving higher sales in the current FY. With the IPO proceeds, the company has the option of reducing borrowings (and interest outgo) or increasing operations (and resultant profitability).

I rest my case here!

Disclaimer:- Being a small time investor, and holding one lot only, I intend to exit around 85/-, but not before that!

380. Ajitkumar |   Link |  Bookmark |May 30, 2022 8:23:46 PM
Unable to find results kindly update
379. Pigeon |   Link |  Bookmark |May 30, 2022 5:07:18 PM
Pls share quarterly results
379.1. Pigeon |   Link |  Bookmark |May 30, 2022 5:21:47 PM
Couldn't find results in web.
379.2. Ravu |   Link |  Bookmark |May 30, 2022 5:22:57 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
It may take some more time. Board meeting was at 4 PM
378. checkmate |   Link |  Bookmark |May 25, 2022 4:59:48 PM
@MRavi. EPS of 15+ appears to be possible. Dividend may also be around Rs 4-5 per share.
378.4. Gaurav DD dimer |   Link |  Bookmark |May 28, 2022 12:59:03 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Considering the issue of 64 L shares,

whole year EPS will be in between 8 to max 10.
14-15 isn't looking possible here.
Dividend will not be more than 2rs.
378.5. Gaurav DD dimer |   Link |  Bookmark |May 30, 2022 9:05:54 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
EPS =12.33

If we consider the issue of shares of 64L
Net EPS will be around 9
Dividend 1Rs (as said it will not me more than 2)
377. Takamichi |   Link |  Bookmark |May 27, 2022 7:33:58 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Will it go above 100 or 85 in near time?
376. Ram kariya |   Link |  Bookmark |May 26, 2022 10:38:05 AM
Guys it's 10% down today 😟😟
376.1. Ravu |   Link |  Bookmark |May 26, 2022 11:58:04 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Some panic selling, recovered majority.
375. Neo❤️ |   Link |  Bookmark |May 26, 2022 8:23:12 AM
@lokes @mravi and other experts
What is your view on KN agri results
As CFO is negative
Is it has some future
374. VKanna |   Link |  Bookmark |May 24, 2022 4:00:09 PM
This stock keeps reducing day by day in downside direction, so sold 12 lots out of 18. only the price band changed from 5% to 20 percent. but the stock has no positive movement as of now, When compared to shigan, nupur recyclers, vaidya sane ayurved, kn agri, krishna defence, empyrean cashews. Experts please advice where to keep the stoploss for the remaining 6 lots, will there be any momentum for this stock in positive side
374.1. checkmate |   Link |  Bookmark |May 25, 2022 5:21:27 PM
Have a little patience till 30th, and you may be in for a surprise on 31st May 2022.

Free float size of this IPO was one of the reasons for lacklustre upmoves. I bought at 75 in pre open and sold at 87 in 3-4 days. Still holding one lot till results.
373. checkmate |   Link |  Bookmark |May 25, 2022 5:05:59 PM
@MRavi. EPS of 15+ appears to be possible. Dividend may also be around Rs 4-5 per share.