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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
Opens On Closes On
25-Apr-22 28-Apr-22
Money Payable On
Application Allotment
75.00 0.00
Minimum Application for shares in Nos : 1600  Further Multiples of : 1600
()(Cr.) Lead Managers to the Issue
Project Cost () 45.00 Fedex Securities Pvt Ltd
Project Financed through Current Offer () 48.00  
Post Issue Equity Share Capital () 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