Business Standard

Le Merite Exports Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

48.00 cr

Price Range (₹)

75

Lot Size

1600

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

25-Apr-2022

Close Date

28-Apr-2022

Listing Date

09-May-2022

Le Merite Exports Ltd News

    The Shares of Le Merite Exports Ltd have now been listed.

    Le Merite Exports Ltd IPO Details

    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.

    Objective of issue

    Meeting incremental working capital requirements. General corporate purposes.

    Le Merite Exports Ltd Contact Details

    Le Merite Exports Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - compliance@lemeriteexports.com

    Website - www.lemeriteexports.com