
Emerging SME Services · NSE
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.
Price Band
₹75
Issue Size
₹48.00 Cr
Lot Size
1600 shares
GMP
+12.0%
Est. Listing
₹84
at current GMP
Subscribed
—
Open
25 Apr 2022
Close
28 Apr 2022
Allotment
5 May 2022
Refund
6 May 2022
Demat Credit
7 May 2022
Listing
9 May 2022
Designated Registrar: Bigshare Services Private Limited
Allotment Date
5 May 2022
Basis finalization
Refunds Initiate
6 May 2022
Mandate release
Demat Credit
7 May 2022
Shares in demat
Listing Debut
9 May 2022
Trading begins
Le Merite Exports Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹48 Crores. The shares are offered at a price band of ₹75 to ₹75 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-05-07, while un-allotted funds or UPI block mandates will be released on 2022-05-06.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.