Le Merite Exports Limited IPO Review
Le Merite Exports Private Limited, founded in 2003, manufactures and trades textile items such as cotton yarn, greige fabric, and completed fabric. The company operates in three main segments: yarn manufacturing, yarn trade, and greige and completed fabric trading. Didwaniya Yarn Exports Private Limited was the previous name of Le Merite Exports Private Limited. Cotton fabric, towel and bedsheet fabric, polyester and viscose material, clothing fabric, coloured yarn, and other items are available from the firm. Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited are the company’s two subsidiaries.
The corporation sells its products in both domestic and foreign markets, with 52 nations spread over five continents.
| IPO Opening Date | Apr 25, 2022 |
| IPO Closing Date | Apr 28, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | 6,400,000 Eq Shares of ₹10 (aggregating up to ₹48.00 Cr) |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| FY2021 | 9M FY2022 |
Revenue | 1,131.70 | 1,049.52 |
Expenses | 1,115.95 | 1,036.54 |
Net income | 11.97 | 9.98 |
| FY2019 | FY2020 |
Revenue | 55.51 | 595.10 |
Expenses | 55.45 | 587.37 |
Net income | 0.03 | 5.39 |
Earnings Per Share (EPS): INR0.99
Pre-IPO Price/Earnings (PE ratio): 68.76
Return on Net Worth (RONW): 1.94%
Net Asset Value (NAV): INR51 per share
Listing Performance of Le Merite Exports Limited IPO
Listed On : BSE SME
Issue Price : ₹75 per equity share
Listing Day Close :
Listing Day Gain :
NSE : NA
ISIN CODE : INE0G1L01017
BSE : NA
IPO Opening Date | 25 April 2022 |
IPO Closing Date | 27 April 2022 |
Finalisation of Basis of Allotment | 2 May 2022 |
Initiation of refunds | 4 May 2022 |
Transfer of shares to demat accounts | 5 May 2022 |
Listing Date | 6 May 2022 |
S-414, OM Plaza,
Adarsh App. Co. Op. Ho. Soc.,
Village: Vijalpor, Taluka: Jalalpore,
Navsari- 396445
Phone: +91 9316691337
Email: info@nventures.co.in
Website: www.nventures.co.in
Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: nvl.ipo@kfintech.com
Website: www.kfintech.com
Le Merite Exports Limited IPO FAQ's
The Le Merite Exports Limited IPO is a BSE SME IPO of ₹75 per equity share with a face value of 10 per equity share.
The issue size is priced at 6,400,000 Eq Shares of ₹10 (aggregating up to ₹48.00 Cr).
The fresh issue size priced at 6,400,000 Eq Shares of ₹10 (aggregating up to ₹48.00 Cr).
The initial public offering (IPO) begins on April 25, 2022 and ends on April 28, 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and SME.
The Le Merite Exports Limited IPO opens on April 25, 2022 and closes on April 28, 2022.
Le Merite Exports Limited IPO Market lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
The finalisation of Basis of Allotment for Le Merite Exports Limited IPO will be done on [.], 2022. and the allotted shares will be credited to your demat account by [.], 2022. Check the Le Merite Exports Limited IPO status.
The Le Merite Exports Limited IPO listing date is on [.].
Le Merite Exports Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Le Merite Exports Limited IPO Comments
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