Le Merite Exports Limited
Fixed Price IPO · NSE
- Price band
- ₹75 - ₹75
- Lot size
- 1,600 shares
- Issue amount
- ₹48 cr
- Total subscription
- 0×
- Opens
- 25 Apr 2022
- Closes
- 28 Apr 2022
- Allotment
- 5 May 2022
- Listing
- 9 May 2022
Offer at a glance
Issue overview
- Issue size
- 64,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,70,81,000
- Shares after issue
- 2,34,81,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,20,000 |
| HNI | 2 | 3,200 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Company information
Company profile
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, operating through three business verticals comprising yarn manufacturing, yarn trading, and trading of greige and finished fabrics. Formerly known as Didwaniya Yarn Exports Private Limited, the company offers a diverse product portfolio including cotton fabrics, towel and bedsheet fabrics, polyester and viscose materials, apparel fabrics, and dyed yarn, and operates with two subsidiaries, Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited. The company serves both domestic and international markets, exporting its products to 52 countries across five continents.
Strengths
- Experienced Management: Led by a proven leadership team and supported by a dedicated workforce.
- Low Capex Model: Operates with low capital expenditure, improving efficiency and returns.
- Stable Customer Base: Maintains long-term customer relationships with low concentration risk.
- Product Expertise: Deep understanding of optimal product mix and assortment.
- Strong Supplier Network: Backed by reliable and well-established suppliers.
- Sustainable Diversification: Expanding into organic and eco-friendly textile products.
Promoters
Abhishek Lath
Umashankar Lath
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
C B1-104D, Boomerang, Chandivali Farm Road, Powai, Andheri (East), Mumbai - 400072
+022 28579209
[email protected]Company website ↗Understanding LEMERITE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.