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

Apr 25, 2022 - Apr 28, 2022

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

Objects of the Issue:

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 Details

Le Merite Exports IPO Date Apr 25, 2022 to Apr 28, 2022
Le Merite Exports IPO Face Value ₹10 per share
Le Merite Exports IPO Price ₹75 per share
Le Merite Exports IPO Lot Size 1600 Shares
Issue Size6,400,000 shares of ₹10
(aggregating up to ₹48.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Abhishek Lath and Umashankar Lath are the company promoters.

Le Merite Exports IPO Lot Size

The Le Merite Exports IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).

Application Lots Shares Amount
Minimum 1 1600 ₹120,000
Maximum 1 1600 ₹120,000

Le Merite Exports IPO Promoter Holding

Pre Issue Share Holding 99.99%
Post Issue Share Holding

Le Merite Exports IPO Review

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...

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Le Merite Exports IPO Subscription Status (Bidding Detail)

The Le Merite Exports IPO is subscribed 15.69 times on Apr 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)

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Le Merite Exports IPO Prospectus

Le Merite Exports IPO Rating

Rating:Rated 4.2 stars
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Le Merite Exports IPO Listing Date

Listing Date Monday, May 9, 2022
BSE Script Code
Listing In ST Group of Securities
IPO Price ₹75 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹75.00
Open: ₹75.00
Low: ₹71.25
High: ₹78.75
Last Trade: ₹78.75

Company Contact Information

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 Reviews / Ratings

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 Apr 25, 2022, and closes on Apr 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 Apr 25, 2022 and closes on Apr 28, 2022.

Le Merite Exports IPO lot size is 1600 Shares and the minimum order quantity is .

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, Edelweiss, 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 Monday, May 9, 2022.
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