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Le Merite Exports IPO vs Shashwat Furnishing Solutions IPO

Comparision between Le Merite Exports IPO and Shashwat Furnishing Solutions IPO.

IPO Details

Le Merite Exports IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Shashwat Furnishing Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Le Merite Exports IPO Shashwat Furnishing Solutions IPO
Logo Le Merite Exports IPO Logo Shashwat Furnishing Solutions 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 Beeline Broking Ltd
Registrar Bigshare Services Pvt Ltd Kfin Technologies Limited
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 Le Merite Exports IPO is up to ₹48.00 Cr whereas the issue size of the Shashwat Furnishing Solutions IPO is up to ₹2.51 Cr. The final issue price of Le Merite Exports IPO is ₹75.00 per share and of Shashwat Furnishing Solutions IPO is ₹45.00 per share.

  Le Merite Exports IPO Shashwat Furnishing Solutions IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹75.00 per share ₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 3000 shares
Fresh Issue Size 5,58,000 shares
Fresh Issue Size (Amount) up to ₹2.51 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 64,00,000 shares 5,58,000 shares
Issue Size Total (Amount) up to ₹48.00 Cr up to ₹2.51 Cr

IPO Timetable

Le Merite Exports IPO opens on Apr 25, 2022, while Shashwat Furnishing Solutions IPO opens on Apr 20, 2022. The closing date of Le Merite Exports IPO and Shashwat Furnishing Solutions IPO is Apr 28, 2022, and Apr 25, 2022, respectively.

  Le Merite Exports IPO Shashwat Furnishing Solutions IPO
Anchor Bid Date
Issue Open Apr 25, 2022 Apr 20, 2022
Issue Close Apr 28, 2022 Apr 25, 2022
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Le Merite Exports IPO P/E ratio is 11.09, as compared to Shashwat Furnishing Solutions IPO P/E ratio of 53.6.

  Le Merite Exports IPO Shashwat Furnishing Solutions 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 Statements)
Particulars For the year/period ended (Rs in Lakhs)
28-Feb-22
Total Assets 234.44
Total Revenue 123.46
Profit After Tax 16.10
Promoter Shareholding (Pre-Issue) 99.99% 100%
Promoter Shareholding (Post-Issue) 73.28%
P/E Ratio 11.09 53.6
Market Cap ₹176.11 Cr. ₹9.40 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 Shashwat Furnishing Solutions IPO retail investors are offered 30,32,000 shares. Qualified institutional buyers (QIB) are offered in Le Merite Exports IPO and in Shashwat Furnishing Solutions IPO.

  Le Merite Exports IPO Shashwat Furnishing Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,36,000 shares 30,000 shares
QIB
NII 30,32,000 shares 2,64,000 shares
RII 30,32,000 shares 2,64,000 shares
Employee
Others
Total 60,64,000 shares 5,28,000 shares

Bids Received (Subscription)

Le Merite Exports IPO subscribed 15.69x in total, whereas Shashwat Furnishing Solutions IPO subscribed 4.62x.

  Le Merite Exports IPO Shashwat Furnishing Solutions IPO
QIB (times)
NII (times) 15.27x 2.43x
Big NII (times)
Small NII (times)
RII (times) 16.10x 6.81x
Employee (times)
Other (times)
Total (times) 15.69x 4.62x

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