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IPO

IPO Details


Le Merite Exports Ltd
Registered Office: B1-104D Boomerang Andheri (W), Chandivali Farm Road Powai, Mumbai - 400072, Maharashtra
Phone: 91-22-28579209
Email: compliance@lemeriteexports.com
Website: www.lemeriteexports.com
Public issue of 64,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Le Merite Exports Limited (the Company or the Issuer) for cash at a price of Rs. 75 per equity share including a share premium of Rs. 65 per equity share (the Issue Price), aggregating to Rs. 48 crores (The Issue), of which 3,36,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 75 per equity share including a share premium of Rs. 65 per equity share aggregating to Rs. 2.52 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Net Issue of 60,64,000 equity shares of face value of Rs. 10 each at a cash price of Rs. 75 per equity share including a share premium of Rs. 65 per equity share aggregating to Rs. 45.48 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.26% and 25.83%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 7.5 times of the face value. Minimum Application of 1600 Equity Shares and Multiples of 1600 Equity Shares thereafter.
Issue Money Payable On
Opens On Closes On Application Allotment
25-Apr-2022 28-Apr-2022 ₹ 75.00 ₹ 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(₹)Cr. Lead Managers to the Issue
Project Cost 45.00 Fedex Securities Pvt Ltd
Project Financed through Current Offer 48.00
Post Issue Equity Share Capital 23.48
Issue Price ₹75.00
Projects
Meeting incremental working capital requirements
General corporate purposes
Promoted By
Abhishek Lath
Umashankar Lath
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

84,505.45 1,320.65 (1.59%)

Nifty

25,794.05 378.25 (1.49%)

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