Le Merite Exports IPO

Le Merite Exports Ltd: Le Merite Exports was incorporated in 2003, it is a reputable brand name in the Textile Industry & Renowned for its Trust & Creditability. The company is involved in the manufacturing and trading of textile products. They are manufacturers of yarn while doing trading of finished fabrics, greige, and yarn. You can also check GMP OF IPO for an IPO here only.
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Their brands are promoted throughout India & sold in more than 250 stores & to several reputed garment brands. With $60 million of exports sales, the brands are well established in international markets too. The company has an experienced management team with a proven track record and a dedicated employee base. The company will be launching its brand for 100% Cotton Giza & signature fabric range in near future. International brand tie-up & exclusive marketing arrangements for both India as well as our other country offices are launched soon.
Le Merite Exports Ltd Products: Mainly they are manufacturers of yarn while doing trading of finished fabrics, greige, and yarn. Also, they offer a wide range of products such as towels, polyester and viscose material, cotton fabric, apparel fabric, dyed yarn, bed-sheet fabric, etc.
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Le Merite Exports IPO
Le Merite Exports IPO: Le Merite Exports launching its Initial Public Offering opening on 25th April 2022 and closing on 28th April 2022. This IPO of Approx 6,400,000 Equity Shares of the company with a face value of Rs.10 each with an IPO price of ₹75 Per Share to raise Approx ₹48.00 Crores from the primary offering.
Le Merite Exports IPO Subscription Status (Live Update – Day 4)
Category | Day 1 | Day 2 | Day 3 | Day 4 |
NII | 0.68 | 1.09 | 1.88 | 3.07 |
RII | 1.30 | 3.74 | 6.87 | 10.26 |
Total | 0.99 | 2.41 | 4.37 | 6.66 |
Le Merite Exports IPO GMP Live Rates day by day with Kotak rates.
Date | GMP | Kostak | Subject to |
28 April | ₹9 | ₹- | ₹9000 |
26 April | ₹9 | ₹- | ₹15000 |
25 April | ₹9 | ₹- | ₹15000 |
23 April | ₹- | ₹- | ₹15000 |
22 April | ₹- | ₹- | ₹15000 |
21 April | ₹- | ₹- | ₹15000 |
20 April | ₹- | ₹- | ₹10000 |
18 April | ₹- | ₹- | ₹- |
15 April | ₹- | ₹- | ₹- |
Le Merite Exports IPO Date & Price Band
You can find all the details as well as the price band of this IPO on this page.
IPO Open: | 25 April 2022 |
IPO Close: | 28 April 2022 |
Issue Size: | Approx ₹48.00 Crores |
Face Value: | ₹10 Per Equity Share |
Price Band: | ₹75 per equity share |
Listing on: | NSE & SME |
Retail Quota: | 50% |
QIB Quota: | – |
NII Quota: | 50% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
This IPO’s total size will be Approx ₹48 Crores and the face value for this will be ₹10 Per Equity Share. You can also get the DRHP & RHP Draft documents from the above table.
Le Merite Exports IPO Allotment, Listing & Important Dates
In this table, you will get a clear idea of When an IPO will open & close? allotment date and all important dates related to this IPO.
IPO Open Date: | 25 April 2022 |
IPO Close Date: | 28 April 2022 |
Basis of Allotment: | 05 May 2022 |
Refunds: | 06 May 2022 |
Credit to Demat Account: | 09 May 2022 |
IPO Listing Date: | 10 May 2022 |
Le Merite Exports IPO Lot Size / Market Lot
Minimum Lot Size: | Minimum 1600 Shares for 1 lot |
Minimum Amount: | ₹ 120,000 for 1 lot |
Le Merite Exports Company Details & Financials
Here you will find detailed company analytics as well as financial reports. How well the company has performed in the last few years.
Le Merite Exports Company Address
Le Merite Exports Limited
C B1-104D, Boomerang,
Chandivali Farm Road, Powai,
Andheri (East), Mumbai – 400072
Phone: +022 28579209
Email: [email protected]
Website: http://www.lemeriteexports.com/
Le Merite Exports Company Financial Reports ( ₹ in Crores )
Year | Income | Expense | PAT |
2019 | ₹181 | ₹179 | ₹1.13 |
2020 | ₹217 | ₹213 | ₹3.15 |
2021 | ₹269 | ₹260 | ₹7.06 |
2022 6M | ₹214 | ₹199 | ₹11.18 |
Le Merite Exports IPO Valuation – FY2021
Earning Per Share (EPS): | ₹4.13 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 28.99% |
Net Asset Value (NAV): | 14.25 per Equity Share |
Le Merite Exports IPO Promoter Holding
Pre Issue Share Holding | 99.99% |
Post Issue Share Holding |
Le Merite Exports Company Promoter
- Abhishek Lath
- Umashankar Lath
Le Merite Exports IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Le Merite Exports IPO Allotment Status
You can check the IPO Allotment Status Very Easily. Click Here and you can check the status from the N/A website.