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SME IPO Status: Listed [25th Apr 2022 to 28th Apr 2022]
Le Merite Exports SME IPO through a fresh issue of 48 Cropens for subscription from 25 April to 28 April 2022. The IPO price band is fixed at Rs. 75 per share and the IPO lot size is 1600 shares. Stay tuned with us to get the complete information about the Le Merite Exports SME IPO including issue details, tentative timeline, financials, pros, cons, grey market premium (GMP), allotment, and subscription.
| SME IPO Issue Opening Date: | 25th Apr 2022 |
| SME IPO Issue Closing Date: | 28th Apr 2022 |
| SME IPO Issue Price: | ₹75 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50 |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹ 48 Cr |
| Fresh Issue: | 74,00,000 shares at ₹75/each [Aggregating to ₹48 Cr] |
| Face Value: | ₹10 Per Equity Share |
| Promoter Holding Pre IPO: | 99.99% |
| Promoter Holding Post IPO: | 72.74% |
| Allotment Status: | Allotment Status |
| NSE Code: | LEMERITE |
Get important updates regarding Le Merite Exports SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 4th May 2022 |
| Refunds Initiation* | 5th May 2022 |
| Credit of Shares to Demat* | 6th May 2022 |
| SME IPO Listing Date* | 9th May 2022 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹75 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-04-2022 | 75 | 9 | 9000 | ₹84 (12%) | 29-Apr-2022 10:06 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Le Merite Exports Ltd is engaged in the business of manufacturing and trading textile products such as cotton yarn, greige fabric, and finished fabric for domestic as well as export sales. It deals in diversified range of yarn products used by varied end-users. It further exports sustainable and ecofriendly organic yarn and fabric to international garment manfuacturers.
The company has two subsidiaries into non cotton yarn products namely Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited. Its products are manufactured at lease manufacturing facilities in Nagpur, Hingoli, and Amravati in Maharashtra.
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | Textile | ₹ 48 Cr | http://www.lemeriteexports.com/ |
The company aims to raise funds for the following objectives;>/p>
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 3,032,000 (303200000%) | 3,032,000 (303200000%) | 1 | |
| 1 | 25th Apr 2022 17:02 | 0.68x | 1.30x | 0x |
| 2 | 26th Apr 2022 17:02 | 1.09x | 3.74x | 2.41x |
| 3 | 27th Apr 2022 17:02 | 1.88x | 6.87x | 4.37x |
| 4 | 28th Apr 2022 17:02 | 15.27x | 16.10x | 15.69x |
| Le Merite Exports IPO Financials (₹ in Lakhs) | 31-Dec-2021 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|---|
| Total Assets | ₹17,706.95 | ₹9,202.17 | ₹5,626.08 | ₹5,660.48 |
| Total Income | ₹37,087.03 | ₹26,913.44 | ₹21,728.00 | ₹18,093.32 |
| Net Profit/Loss | ₹1,586.91 | ₹705.65 | ₹314.62 | ₹112.83 |
Last Updated on 24-Nov-2022 10:57:53
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Le Merite Exports SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Le Merite Exports SME IPO with Zerodha.
Alternate approch to apply in Le Merite Exports SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Le Merite Exports SME IPO Review and Important Updates
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To subscribe or apply in Le Merite Exports SME IPO, you can use the following methods:
| Le Merite Exports SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Le Merite Exports SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Le Merite Exports SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Le Merite Exports SME IPO. Most of the Syndicate Banks provide access to apply in Le Merite Exports IPO via ASBA process. You must have your net banking access, DP ID information to apply in Le Merite Exports SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Le Merite Exports SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Le Merite Exports SME IPO Review and Important Updates
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Le Merite Exports SME IPO is going to be list on 09-05-2022. NSE Code for Le Merite Exports is LEMERITE.
Other relevant questions:
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Le Merite Exports SME IPO Allotment Date is 04-05-2022.
Other relevant questions:
Le Merite Exports SME IPO share allotment date?Le Merite Exports SME IPO allotment date?
