Le Merite Exports is established in 2003.
The Company is engaged in manufacturing and trading of textile products namely cotton yarn, greige fabric and finished fabric for domestic and export sales. They export sustainable – ecofriendly organic yarn and fabric to international textile and garment manufacturers.
They have two subsidiary companies for diversification into non cotton yarn products a) Le Merite Filament Private Limited b) Le Merite Laxmi Spinning Private Limited
The company trading in polyester yarn, viscose yarn, synthetic fibers, staple fibers, worsted yarn, lycra yarn and such other varieties whether texturized, twisted, sized, dyed or otherwise and other such kinds of fiber.
The business is divided into three separate yarn business verticals, consisting of a) manufacturing of yarn, b) trading of yarn, and c) trading of greige and finished fabrics
Le Merite Exports IPO Promotors
1) Abhishek Lath
2) Umashankar Lath
Competitive Strengths
1) Experienced Management Team
2) Low capex operational model
3) Long standing association with low customer concentration
4) Healthy financial performance
Le Merite Exports IPO Date, Details & Price Band
| IPO Opening Dates | 25 April 2022 |
| IPO Closing Dates | 28 April 2022 |
| Price Band | 75 Rs Per Share |
| Offer For Sale | NIL |
| Fresh issue | 48 Crore |
| Total IPO size | 48 Crore |
| Minimum bid (lot size) | 1600 Shares |
| Face Value | 10 INR Per Share |
| Retail Allocation | 50% |
| Non-Institutional | 50% |
| Listing On | NSE SME |
Le Merite Exports IPO Market Lot
The Le Merite Exports IPO minimum market lot is 1600 shares With 1,20,000 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Minimum | 1 | 1600 | 1,20,000 Rs |
| Maximum | 1 | 1600 | 1,20,000 Rs |
Financial Record of the last year (In Lakhs)
Financial Period : 30-September-21 (Restated Consolidated)
Total Assets : 14,721.88
Total Revenue : 21,385.30
Profit After Tax : 1,118.22
Basic Earnings Per Share (EPS) FY2021 : – INR
Le Merite Exports IPO GMP & Grey Market Premium
Le Merite Exports IPO GMP Grey market premium has been started today. Check Latest Le Merite Exports IPO GMP, Kostak Rates and Subject to Sauda Price here.
Le Merite Exports IPO Prospectus
| DRHP | Download |
| RHP | Update Soon |
Le Merite Exports IPO Reviews
Angel Broking – Update Soon
Choice Broking – Update Soon
Prabhudas Lilladher – Update Soon
Le Merite Exports IPO Allotment Date & Details
| Allotment Date | 5 May 2022 |
| Initiation of refunds | 6 May 2022 |
| Transfer of shares to Demat accounts | 9 May 2022 |
| Listing Date | 10 May 2022 |
| Check Allotment Status | Click here |
Registrar of Le Merite Exports IPO
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Club House Road,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (East), Mumbai 400059
Tel No.: 022 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Contact Person: Mr. Swapnil Kate
SEBI Registration No.: INR000001385
Le Merite Exports Contact Details
C B1-104D, Boomerang,
Chandivali Farm Road,
Powai, Andheri (East),
Mumbai – 400072,
Maharashtra
Tel No.:022 28579209;
Email: [email protected] ;
Website: www.lemeriteexports.com
Le Merite Exports IPO Lead Managers
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle
(East), Mumbai – 400057, Maharashtra, India
Tel No: +91 81049 85249
E-mail: [email protected]
Website: www.fedsec.in
Contact Person: Yash Kadakia
SEBI Registration Number: INM000010163
Investor Grievance E-mail: [email protected]