Le Merite Exports Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Apr 2022

Close Date

28 Apr 2022

Allotment

04 May 2022

Listing Date

09 May 2022

Exchange

NSE SME

Price Band

₹75

Listing Price

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Allotment Status

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Price Band

₹75

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

64,00,000 shares (aggregating up to ₹48.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

1,70,81,000 shares

Promoters

Post-IPO Holding

2,34,81,000 shares

Promoters

P/E (Pre)

11.09x

UPI Deadline

2022-04-28

Mandate

Anchor AllotmentSun, 24 Apr 2022

Basis of AllotmentWed, 04 May 2022

Refund InitiationThu, 05 May 2022

Demat CreditThu, 05 May 2022

Listing DayMon, 09 May 2022

UPI Mandate Deadline2022-04-28

Sale TypeFresh Capital

Net Offer to Public60,64,000 shares (aggregating up to ₹45.48 Cr)

Market Maker Quota3,36,000 shares (aggregating up to ₹2.52 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Le Merite Exports Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Apr 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	336,000	—	₹2.52
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,400,000	100%	₹48.00

IPO Shares Offered

Le Merite Exports Ltd. IPO total issue size: ₹48.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	336,000	₹2.52	5.25%
Total	6,400,000	₹48.00	100.00%

* Based on upper price band ₹75 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹75.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹240,000
Retail (Max — 13 Lots)	13	20,800	₹1,560,000
S-HNI (Min — 14 Lots)	14	22,400	₹1,680,000
B-HNI (Min — 68 Lots)	68	108,800	₹8,160,000

* Issue Price ₹75 × Lot Size 1,600 shares

IPO Schedule

Anchor

24 Apr 2022

✓ Done

IPO Open

25 Apr 2022

✓ Done

IPO Close

28 Apr 2022

✓ Done

Allotment

04 May 2022

✓ Done

Refunds

05 May 2022

✓ Done

Demat Credit

05 May 2022

✓ Done

Listing Day

09 May 2022

✓ Done

₹75.00

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Issue ₹75.00 Live Price

About Le Merite Exports Ltd.

Incorporated in 2003, Le Merite Exports Private Limited is engaged in the manufacturing and trading of textile products such as cotton yarn, greige fabric and finished fabric. The company conducts business through three verticals, consisting of manufacturing of yarn, trading of yarn, and trading of greige and finished fabrics. Le Merite Exports Private Limited's former name was Didwaniya Yarn Exports Private Limited. The company offers a wide range of products such as cotton fabric, towel & bed-sheet fabric, polyester and viscose material, apparel fabric, dyed yarn, etc. The company has two subsidiaries namely Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited.The company exports its products to domestic and international markets, including 52 countries covering 5 continents.Competitive Strengths:Experienced management team with a proven track record and dedicated employee base.Low Capex operational model.Long standing association with low customer concentration.Deep knowledge and understanding of optimal product assortment.Strong supplier network.Diversification into Organic and Sustainable Eco-Friendly Textiles.

Objects of the Issue

1 Meeting incremental working capital requirements

2 General corporate purposes

Le Merite Exports Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹21,728.0

31-Mar-20

₹26,913.4

31-Mar-21

₹37,087.0

31-Dec-21

Profit After Tax (PAT)

₹314.6

31-Mar-20

₹705.7

31-Mar-21

₹1,586.9

31-Dec-21

Particulars	31-Dec-21	31-Mar-21	31-Mar-20
Revenue from Operations	37087.03	26913.44	21728.00
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	1586.91	705.65	314.62
Net Worth	N/A	N/A	N/A
Total Assets	17706.95	9202.17	5626.08
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered64,00,000 (100.00%)

Net Offer to Public60,64,000 shares (aggregating up to ₹45.48 Cr)

Reserved for Market Maker3,36,000 shares (aggregating up to ₹2.52 Cr)

Pre-Issue Promoter Holding1,70,81,000 shares

Post-Issue Promoter Holding2,34,81,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Fedex Securities Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Le Merite Exports Ltd. IPO subscribed? ▲

Le Merite Exports Ltd. IPO is subscribed 1.00 times by Apr 28, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Le Merite Exports Ltd. IPO retail subscription status? ▼

The Le Merite Exports Ltd. IPO retail category is subscribed 1.00 times as of 28 Apr 2022. The retail portion is oversubscribed.

How to subscribe Le Merite Exports Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Apr 2022 and closes 28 Apr 2022. Min investment: ₹120,000 (1 lot = 1,600 shares). UPI mandate: 2022-04-28.

How many times Le Merite Exports Ltd. IPO subscribed? ▼

The Le Merite Exports Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Le Merite Exports Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 04 May 2022. Refunds: on 05 May 2022.

When Le Merite Exports Ltd. IPO will be listed? ▼

The Le Merite Exports Ltd. IPO listing date is 09 May 2022, Monday. Listed on: NSE SME. Issue price: ₹75. Estimated listing: ₹75. GMP: NIL.

When Le Merite Exports Ltd. IPO close? ▼

The Le Merite Exports Ltd. IPO closes on 28 Apr 2022, Thursday. UPI mandate: 2022-04-28. Allotment: 04 May 2022. Listing: 09 May 2022.

Quick Actions

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Live Price LIVE

Last Price₹75.00

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Issue Price₹75.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹75

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹75

Subscribed1.00x

Open Date25 Apr 2022

Close Date28 Apr 2022

Allotment04 May 2022

Listing Date09 May 2022

ExchangeNSE SME

UPI Deadline2022-04-28