Le Merite Exports Limited are vertically integrated into the Manufacturing of Cotton Yarn & Greige Fabrics. LMEL was incorporated in the year 2003 by Mr. U.S Lath. He started his career as yarn indenting & trading in the year 1975 & gradually moved towards manufacturing of yarn & fabrics. Mr. U.S Lath is the Chairman cum Managing Director of LMEL with vast experience of almost 5 decades with him.
Le Merite is a well-renowned & popular brand name in several yarn importing countries. LMEL have long standing customer relationship, exclusive tie-ups & agents in top importing countries of Cotton yarn & fabrics. Bangladesh, China, Turkey, Portugal, Egypt, South Korea, Iran, Italy, Vietnam, Thailand, Peru, UAE, USA to name a few.
LMEL is exporting to almost 37 countries. Our annual export revenue is more than INR 4000 million & we believe to achieve INR 10,000 Million within 2 years.
Their company believes in team building & growing inorganically by way of asset light model. Our biggest investment is into talent acquisition. We expertise in marketing & branding; our motto is to achieve highest standard of customer satisfaction & retention.
Our team comprises of 30 staff in its HO-Mumbai & apx. 300 staff & workers in its manufacturing site. We have around 100 in house workers & 20+ in house senior staff members.
Abhishek Lath and Umashankar Lath are the company promoters.
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Total Assets (In ₹ Millions) | 9,202.17 | 5,626.08 | 5,660.48 |
| Total Revenue (In ₹ Millions) | 26,913.44 | 21,728.00 | 18,093.32 |
| Profit After Tax (PAT) (In ₹ Millions) | 705.65 | 314.62 | 112.83 |
| Date | GMP | Kostak | Subject to Sauda |
|---|---|---|---|
| 26 Apr 2022 | ₹9.00 | N/A | ₹12000-13000 |
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - 25 Apr 2022 | ||||
| Day 2 - 26 Apr 2022 | ||||
| Day 3 - 27 Apr 2022 | ||||
| Day 4 - 28 Apr 2022 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusLe Merite Exports Limited IPO will open on 25 Apr 2022 and close on 28 Apr 2022.
Le Merite Exports Limited IPO will list on .
The offer price of Le Merite Exports Limited IPO is ₹75.
The lot size of Le Merite Exports Limited IPO is 1600.
The Grey Market Premium (GMP) price of Le Merite Exports Limited IPO is ₹9.00.
The Kostak price of Le Merite Exports Limited IPO is Not Available at the moment.
The Subject to Sauda price for Le Merite Exports Limited IPO is ₹12000-13000.
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