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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Le Merite Exports Ltd
Registered Office:
B1-104D Boomerang Andheri (W),Chandivali Farm Road Powai,
Mumbai - 400072,
Maharashtra, India.
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-22
28-Apr-22
75.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 1600     Further Multiples of : 1600
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
45.00
Fedex Securities Pvt Ltd
Project Financed
48.00
 
Post Issue
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
No Data Available!!!
.
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