Le Merite Exports Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 3,032,000 (47%) | — | ₹2,274 Cr |
| Retail | — | 3,032,000 (47%) | — | ₹2,274 Cr |
| Market Maker | — | 336,000 (5%) | — | ₹25 Cr |
| Σ Total | — | 6,400,000 (100%) | — | ₹48,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹120,000 |
| Retail (Max) | 13 | 20,800 | ₹1,560,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,680,000 |
| B-HNI (Min) | 67 | 107,200 | ₹8,040,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Dec-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 37,087 | 26,913 | 21,728 |
| Profit After Tax | 1,587 | 706 | 315 |
| Total Assets | 17,707 | 9,202 | 5,626 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Meeting incremental working capital requirements – 34.00
- 2 General corporate purposes – 11.00
Company Overview
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.