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Open
25 Apr 2022
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Close
28 Apr 2022
3
Allotment
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Listing
Mon, May 9, 2022
Price Band
₹75 per share
Issue Size
64,00,000 shares (agg. up to ₹48 Cr)
Lot Size
1,600 Shares
Listing Date
Mon, May 9, 2022
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 14.08x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 177.07 | 92.02 | 56.26 | 56.60 |
| Total Income | 370.87 | 269.13 | 217.28 | 180.93 |
| Profit After Tax | 15.87 | 7.06 | 3.15 | 1.13 |
| EBITDA | 10.44 | 6.38 | 4.37 | |
| NET Worth | 40.21 | 24.34 | 17.29 | 14.14 |
| Reserves and Surplus | 38.50 | 22.63 | 15.58 | 12.43 |
| Total Borrowing | 94.02 | 54.00 | 28.99 | 37.63 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting incremental working capital requirements | 34.00 |
| 2 | General corporate purposes | 11.00 |
About Le Merite Exports IPO
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. + Read More
Contact Details
Le Merite Exports Ltd. AddressC B1-104D, BoomerangChandivali Farm Road, PowaiAndheri (East)Mumbai, Maharashtra, 400072+022 28579209compliance@lemeriteexports.comVisit Website