Le Merite Exports IPO
Le Merite Exports (IPO) 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. Comapny 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.
It exports its products to domestic and international markets, including 52 countries covering 5 continents.
- 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.
Abhishek Lath and Umashankar Lath are the company promoters.
|Particulars||For the year/period ended (Rs in Lakhs)|
|Profit After Tax||1,586.91||705.65||314.62||112.83|
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Meeting incremental working capital requirements.
- General corporate purposes.
Le Merite Exports IPO Details
|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|
Le Merite Exports IPO Lot Size
The Le Merite Exports IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).
Le Merite Exports IPO Promoter Holding
|Pre Issue Share Holding||99.99%|
|Post Issue Share Holding|
Company Contact Information
Le Merite Exports Limited
C B1-104D, Boomerang,
Chandivali Farm Road, Powai,
Andheri (East), Mumbai – 400072
Phone: +022 28579209
Email: [email protected]
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
IPO Lead Manager(s)
- Fedex Securities Limited