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.
Company Promoters
Abhishek Lath and Umashankar Lath are the company promoters.
Company Financials
| Particulars | For the year/period ended (Rs in Lakhs) | |||
|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 17,706.95 | 9,202.17 | 5,626.08 | 5,660.48 |
| Total Revenue | 37,087.03 | 26,913.44 | 21,728.00 | 18,093.32 |
| 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
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120,000 |
| Maximum | 1 | 1600 | ₹120,000 |
Le Merite Exports IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Le Merite Exports 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: compliance@lemeriteexports.com Website: http://www.lemeriteexports.com/ |
Le Merite Exports IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Le Merite Exports IPO FAQs
| When Le Merite Exports IPO will open? The Le Merite Exports IPO dates are 25 April 2022 To 28 April 2022. |
| What is the lot size of Le Merite Exports IPO ? Le Merite Exports IPO lot size and the minimum order quantity is 1600 Shares. |
| How to apply for Le Merite Exports IPO ? You can apply in Le Merite Exports IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Le Merite Exports IPO listing date? The Le Merite Exports IPO listing date is announced. The date of Le Merite Exports IPO listing is []. |
