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Le Merite Exports IPO vs Nanavati Ventures IPO

Comparision between Le Merite Exports IPO and Nanavati Ventures IPO.

IPO Details

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

  Le Merite Exports IPO Nanavati Ventures IPO
Logo Le Merite Exports IPO Logo Nanavati Ventures IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Fedex Securities Pvt Ltd First Overseas Capital Limited
Registrar Bigshare Services Pvt Ltd Kfin Technologies Limited
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Le Merite Exports IPO is up to ₹48.00 Cr whereas the issue size of the Nanavati Ventures IPO is up to ₹2.18 Cr. The final issue price of Le Merite Exports IPO is ₹75.00 per share and of Nanavati Ventures IPO is ₹50.00 per share.

  Le Merite Exports IPO Nanavati Ventures IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹75.00 per share ₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 3000 shares
Fresh Issue Size 4,36,000 shares
Fresh Issue Size (Amount) up to ₹2.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 64,00,000 shares 4,36,000 shares
Issue Size Total (Amount) up to ₹48.00 Cr up to ₹2.18 Cr

IPO Timetable

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

  Le Merite Exports IPO Nanavati Ventures IPO
Anchor Bid Date
Issue Open Apr 25, 2022 Apr 25, 2022
Issue Close Apr 28, 2022 Apr 27, 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

Le Merite Exports IPO P/E ratio is 11.09, as compared to Nanavati Ventures IPO P/E ratio of 61.73.

  Le Merite Exports IPO Nanavati Ventures IPO
Financial
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
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1417.95 663.55 286.88 186.62
Total Revenue 1049.52 1131.70 595.10 55.51
Profit After Tax 9.98 11.97 5.39 0.03
Promoter Shareholding (Pre-Issue) 99.99% 71%
Promoter Shareholding (Post-Issue) 52.19%
P/E Ratio 11.09 61.73
Market Cap ₹176.11 Cr. ₹8.23 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

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

  Le Merite Exports IPO Nanavati Ventures IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,36,000 shares 24,000 shares
QIB
NII 30,32,000 shares 2,06,000 shares
RII 30,32,000 shares 2,06,000 shares
Employee
Others
Total 60,64,000 shares 4,12,000 shares

Bids Received (Subscription)

Le Merite Exports IPO subscribed 15.69x in total, whereas Nanavati Ventures IPO subscribed 32.52x.

  Le Merite Exports IPO Nanavati Ventures IPO
QIB (times)
NII (times) 15.27x 13.86x
Big NII (times)
Small NII (times)
RII (times) 16.10x 51.17x
Employee (times)
Other (times)
Total (times) 15.69x 32.52x

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