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Le Merite Exports IPO is a Fixed Price listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Textiles sector. Fedex Securities is the merchant banker of Le Merite Exports IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 2nd February 2022.
Le Merite Exports IPO posted revenues of ₹ 494.49 crores and PAT of ₹ 21.16 crores in FY22 on annualised basis.
Revenue:
₹ 493.39 Cr.
EBITDA Margin:
6.49
% 
Net Worth: ₹ 40.21 Cr.
Market Capitalisation:
₹ 176.11 Cr.
P/E:
11.09 times
P/BV: 2.00 times
EV/EBITDA: 8.13 times
Financial results of Le Merite Exports IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Dec-21 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 177.07 | 92.02 | 56.26 | 56.60 | |
| Net Worth | 40.21 | 24.34 | 17.29 | 14.14 | |
| Total Debt | 93.78 | 54.00 | 28.99 | 37.63 | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
370.04
493.39 |
268.39 | 216.67 | 180.01 | |
EBITDA
EBITDA on annualised basis |
24.01
32.01 |
10.44 | 6.38 | 4.37 | |
PAT
PAT on annualised basis |
15.87
21.16 |
7.06 | 3.15 | 1.13 | |
Le Merite Exports IPO PAT Margin is 4.29 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Le Merite Exports IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Dec-21 | FY21 | FY20 | FY19 |
|---|---|---|---|---|
| EBITDA Margin (%) | 6.49 | 3.89 | 2.94 | 2.43 |
| PAT Margin (%) | 4.29 | 2.63 | 1.45 | 0.63 |
| EPS (₹) | 92.91 | 41.31 | 18.42 | 6.61 |
| ROE (%) | 39.47 | 29.01 | 18.22 | 7.99 |
| ROCE (%) | [●] | [●] | [●] | [●] |
| ROA (%) | 8.96 | 7.67 | 5.60 | 2.00 |
| Debt to Equity | 2.33 | 2.22 | 1.68 | 2.66 |
The market Capitalisation of Le Merite Exports IPO is ₹ 176.11 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Le Merite Exports IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Le Merite Exports IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Le Merite Exports IPO is ₹ 176.11 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Le Merite Exports IPO has a Price-to-Earnings (PE) ratio of 11.09 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Le Merite Exports IPO reported revenue of ₹ 494.49 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Le Merite Exports IPO provide insights into sales growth, market demand, and business scalability.
Le Merite Exports recorded an EBITDA of ₹ 32.01 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Le Merite Exports Profit After Tax (PAT) is ₹ 21.16 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 493.39 Cr.
EBITDA Margin:
6.49
%
Net Worth: ₹ 40.21 Cr.
Market Capitalisation:
₹ 176.11 Cr.
P/E:
11.09 times
P/BV: 2.00 times
EV/EBITDA: 8.13 times
Le Merite Exports operates in Textiles and Manufacturing And Trading Of Textile Products. The Issue is listed on NSE EMERGE in May, 2022. Le Merite Exports IPO size was 48.00 with Issue price of 75.00 .
Merchant Banker(s) of Le Merite Exports IPO: Fedex Securities Private Limited
Le Merite Exports IPO subscription was 15.69 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Le Merite Exports IPO listed at a listing price of 78.75 against the offer price of 75.00.
The current market price of Le Merite Exports is 309.75.
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