Fone4 Communications IPO vs Le Merite Exports IPO

Comparision between Fone4 Communications IPO and Le Merite Exports IPO.

IPO Details

Fone4 Communications IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Le Merite Exports IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Fone4 Communications IPO	Le Merite Exports IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	Fedex Securities�Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Fone4 Communications IPO is up to ₹6.80 Cr whereas the issue size of the Le Merite Exports IPO is up to ₹48.00 Cr. The final issue price of Fone4 Communications IPO is ₹10.00 per share and of Le Merite Exports IPO is ₹75.00 per share.

	Fone4 Communications IPO	Le Merite Exports IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹10.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	1600 shares
Fresh Issue Size	68,00,000 shares
Fresh Issue Size (Amount)	up to ₹6.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,00,000 shares	64,00,000 shares
Issue Size Total (Amount)	up to ₹6.80 Cr	up to ₹48.00 Cr

IPO Timetable

Fone4 Communications IPO opens on Apr 25, 2022, while Le Merite Exports IPO opens on Apr 25, 2022. The closing date of Fone4 Communications IPO and Le Merite Exports IPO is Apr 27, 2022, and Apr 28, 2022, respectively.

	Fone4 Communications IPO	Le Merite Exports IPO
Anchor Bid Date
Issue Open	Apr 25, 2022	Apr 25, 2022
Issue Close	Apr 27, 2022	Apr 28, 2022
Basis Of Allotment (Tentative)	May 02, 2022
Initiation of Refunds (Tentative)	May 04, 2022
Credit of Share (Tentative)	May 05, 2022
Listing date (Tentative)	May 06, 2022
Anchor Lockin End date 1	Jun 01, 2022
Anchor Lockin End date 2	Jul 31, 2022

Financials

Fone4 Communications IPO P/E ratio is 142.86, as compared to Le Merite Exports IPO P/E ratio of 11.09.

Fone4 Communications IPO

Le Merite Exports IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	3162.46	4927.98	16577.39	14225.44
Total Revenue	2626.86	6380.25	5752.19	15242.89
Profit After Tax	-2.24	-10.00	-97.78	-155.34

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

Promoter Shareholding (Pre-Issue)

95.12%

99.99%

Promoter Shareholding (Post-Issue)

57.18%

P/E Ratio

142.86

11.09

Market Cap

₹17.05 Cr.

₹176.11 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fone4 Communications IPO retail investors (RII) are offered 32,30,000 shares while in Le Merite Exports IPO retail investors are offered 32,30,000 shares. Qualified institutional buyers (QIB) are offered in Fone4 Communications IPO and in Le Merite Exports IPO.

	Fone4 Communications IPO	Le Merite Exports IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,40,000 shares	3,36,000 shares
QIB
NII	32,30,000 shares	30,32,000 shares
RII	32,30,000 shares	30,32,000 shares
Employee
Others
Total	64,60,000 shares	60,64,000 shares

Bids Received (Subscription)

Fone4 Communications IPO subscribed 14.75x in total, whereas Le Merite Exports IPO subscribed 15.69x.

	Fone4 Communications IPO	Le Merite Exports IPO
QIB (times)
NII (times)	7.43x	15.27x
Big NII (times)
Small NII (times)
RII (times)	22.07x	16.10x
Employee (times)
Other (times)
Total (times)	14.75x	15.69x

Compare with others

Fone4 Communications IPO	Le Merite Exports IPO
Fidel Softech IPO	Globesecure Technologies IPO
Globesecure Technologies IPO	Rachana Infrastructure IPO
Rachana Infrastructure IPO	Sonu Infratech IPO
Sonu Infratech IPO	Nanavati Ventures IPO
Nanavati Ventures IPO	Fone4 Communications IPO
Le Merite Exports IPO	Shashwat Furnishing Solutions IPO
Shashwat Furnishing Solutions IPO	Global Longlife Hospital IPO
Global Longlife Hospital IPO	Eighty Jewellers IPO
Eighty Jewellers IPO	Sunrise Efficient Marketing IPO
Sunrise Efficient Marketing IPO	Dhyaani Tile IPO

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