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Le Merite Exports IPO

Le Merite Exports Limited Logo

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.

Competitive Strengths:

  1. Experienced management team with a proven track record and dedicated employee base.
  2. Low Capex operational model.
  3. Long standing association with low customer concentration.
  4. Deep knowledge and understanding of optimal product assortment.
  5. Strong supplier network.
  6. Diversification into Organic and Sustainable Eco-Friendly Textiles.

Company Promoters:

Abhishek Lath and Umashankar Lath are the company promoters.

Company Financials:

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets17,706.959,202.175,626.085,660.48
Total Revenue37,087.0326,913.4421,728.0018,093.32
Profit After Tax1,586.91705.65314.62112.83

Objects of the Issue:

The company proposes to utilize the Net Proceeds from the issue towards the following objects:

  1. Meeting incremental working capital requirements.
  2. General corporate purposes.

Le Merite Exports IPO Details

IPO Opening DateApr 25, 2022
IPO Closing DateApr 28, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹75 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME
Issue Size6,400,000 Eq Shares of ₹10
(aggregating up to ₹48.00 Cr)
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% 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).

ApplicationLotsSharesAmount (Cut-off)

Le Merite Exports IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding

IPO Prospectus

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]

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: [email protected]

IPO Lead Manager(s)

  1. Fedex Securities Limited