Le Merite Exports Limited IPO

Opening Date 25 Apr 2022
Closing Date 28 Apr 2022
Minimum Quantity 1600
Price Range 75 – 75
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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. 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:

  1. Experienced management team with a proven track record and dedicated employee base.
  2. Low Capex operational model.
  3. Long standing association with low customer concentration.
  4. Deep knowledge and understanding of optimal product assortment.
  5. Strong supplier network.
  6. Diversification into Organic and Sustainable Eco-Friendly Textiles.

Company Promoters:

Abhishek Lath and Umashankar Lath are the company promoters.

Company Financials:

Summary of financial Information
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:

  1. Meeting incremental working capital requirements.
  2. General corporate purposes.

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