Le Merite Exports IPO date is fixed, The IPO is to open on April 25, 2022 and will close on April 28, 2022. Le Merite Exports Private Limited was incorporated in 2003 based in Mumbai. The company is a manufacturer and trader of textile products. The product range includes cotton yarn, greige fabric, and finished fabric. They are manufacturers of yarn while doing trading of yarn, greige, and finished fabrics. The company becomes one of the leading exporters of yarns & fabrics with an annual top line of more than INR 3200 million.
They are exporting its products to India and International Marketing. They are having international customers in more than 50 countries. The product range includes cotton fabric, towel & bed-sheet fabric, polyester and viscose material, apparel fabric, dyed yarn, etc.
Le Merite Exports is an NSE SME IPO to raise ₹48.00 crores via IPO. The Le Merite Exports IPO price band is fixed at ₹75 with a market lot of 1600 shares. You can check Le Merite Exports IPO subscription status and Le Merite Exports IPO allotment status on their respective pages.
Le Merite Exports IPO Review
- May Apply
Le Merite Exports IPO GMP Live Rates day by day with Kotak rates.
| Date | GMP | Kostak | Subject to |
| 07 May | ₹9 | ₹- | ₹9000 |
| 03 May | ₹9 | ₹- | ₹9000 |
| 30 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
| IPO Open: | 25 April 2022 |
| IPO Close: | 28 April 2022 |
| IPO 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 |
Le Merite Exports IPO Market Lot
The Le Merite Exports IPO minimum market lot is 1600 shares with ₹120,000 application amount.
| IPO Lot Size: | Minimum 1600 Shares for 1 lot |
| Minimum Amount: | ₹120,000 for 1 lot |
Le Merite Exports IPO Allotment & Listing Dates
The Le Merite Exports IPO date is 25 April 2022 and the IPO close date is 28 April 2022. The IPO allotment date is 05 May 2022 and the IPO may list on 10 May 2022.
| 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 Form
How to apply Le Merite Exports IPO? You can apply Le Merite Exports IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Le Merite Exports IPO in the Invest section. The other option you can apply Le Merite Exports IPO via IPO forms download via NSE website. Check out the Le Merite Exports forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Le Merite Exports Company Financial Report
| ₹ in Crores | |||||
| Revenue | 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
Check Le Merite Exports IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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 |
Peer Group
- Ambika Cotton Mills Ltd
- Pashupati Cotspin Ltd
- Shiva Texyarn Ltd
- Sambandam Spinning Mills Ltd
- Precot Ltd
- KPR Mills Ltd
Company Promoters
- 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
Check Le Merite Exports IPO allotment status on Bigshare website URL. Click Here
Le Merite Exports IPO Lead Managers
- Fedex Securities Limited
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/
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Note: The Le Merite Exports IPO details are announced officially. The IPO grey market premium (Le Merite Exports IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
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