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Le Merite Exports Limited IPO Date, Price, Review and Details

 
 
 

Le Merite Exports Limited IPO

 

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Le Merite Exports Limited IPO

Le Merite Exports Limited (LMEL) was incorporated in the year 2003. This company is engaged in the manufacturing and trading of Textile Products. In just a span of a decade, LMEL has become one of the leading exporters of yarns and fabric with annual top line of ₹3200 million.

LMEL has more than 100 regular customers and some of them are fabric suppliers of top fashion garment brands of the world. The company exports to 52 countries covering 5 continents of the world. Their customers range from shirting fabric manufacturer, high quality socks manufacturer, weaving factories supplying high grade sheeting fabrics to companies like IKEA, suppliers for towel & bed-sheet fabrics of Walmart, high fashion garment producers of turkey & Europe, big trading companies, knitting factories in Latin America etc.

Company Promoters:
• Abhishek Lath
• Umashankar Lath

Objects of this Issue:
• To meet the incremental working capital requirements.
• General corporate purposes.

Financial Information of the Company:

 

Amount in Lakhs (Rs.)

As on 31 Mar 2021

As on 31 Mar 2020

As on 31 Mar 2019

Total Assets

9,202.17

5,626.08

5,660.48

Total Liabilities

6,767.91

3,897.46

4,246.49

Net Profit

705.65

314.62

112.83

The offer:

Particulars

Shares Available for allotment

Issue Reserved for the Market maker

3,36,000 Equity shares

 

Net Issue to the Public

Retail Portion

30,32,000 Equity shares

Non-Institutional Portion

30,32,000 Equity shares

Net offer size

64,00,000 Equity shares

Le Merite Exports Limited IPO Details

Issue Open

25 April 2022

Issue Close

28 April 2022

IPO Price

₹75 per equity share

Face Value

₹10 per equity share

IPO Size

₹48 Cr.

Listing At

NSE SME

IPO Lot Size

1600 Shares

Le Merite Exports Limited IPO Promoter Holdings:

Pre-Issue Share Holding

99.99%

Post-Issue Share Holding

 

Le Merite Exports Limited IPO Lot Size
Market lot size of the Le Merite Exports Limited IPO is 1600 shares. An investor can apply for up to 1 lot (1600 shares) as maximum and minimum order limit is same:

Application

Lots

Shares

Amount

Minimum

1

1600

₹1,20,000

Maximum

1

1600

₹1,20,000

Company Contact Details:
Le Merite Exports Limited
C B1-104D, Boomerang,
Chandivali Farm Road,
Powai, Andheri (East),
Mumbai - 400072, Maharashtra.

Phone: +022 28579209
Email: compliance@lemeriteexports.com
Website: http://www.lemeriteexports.com/

Le Merite Exports Limited IPO Registrar Details:
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Club House Road,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (East), Mumbai - 400059.

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com


Frequently Asked Question

Pre-issue shareholding of the Le Merite Exports IPO promoter is 99.99%.
Per share price of Le Merite Exports IPO is ₹75.
Lot size of the Le Merite Exports IPO is 1600 shares.
Closing date of Le Merite Exports IPO is April 28, 2022.
IPO application is an online process by using UPI or ASBA as payment method. ASBA IPO application is already available in the net banking of your respective bank account and UPI application is offered by your Stock broker, you can invest in Le Merite Exports IPO using any one of these method as per your convenience.
Opening date of Le Merite Exports IPO is April 25, 2022.
Minimum and maximum order quantity is same i.e., 1 lot only.
Le Merite Exports Limited is engaged in the manufacturing and trading of Textile Products. In just a span of a decade, LMEL has become one of the leading exporters of yarns and fabric with annual top line of ₹3200 million.
Le Merite Exports Shares will get listed at NSE SME.
If you do not get the allotment of Le Merite Exports shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.