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Le Merite Exports IPO vs Sonu Infratech IPO

Comparision between Le Merite Exports IPO and Sonu Infratech IPO.

IPO Details

Le Merite Exports IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sonu Infratech IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Le Merite Exports IPO Sonu Infratech IPO
Logo Le Merite Exports IPO Logo Sonu Infratech IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Fedex Securities Pvt Ltd Swastika Investmart Ltd
Registrar Bigshare Services Pvt Ltd Skyline Financial Services Private 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 Le Merite Exports IPO is up to ₹48.00 Cr whereas the issue size of the Sonu Infratech IPO is up to ₹8.64 Cr. The final issue price of Le Merite Exports IPO is ₹75.00 per share and of Sonu Infratech IPO is ₹36.00 per share.

  Le Merite Exports IPO Sonu Infratech IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹75.00 per share ₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 3000 shares
Fresh Issue Size 24,00,000 shares
Fresh Issue Size (Amount) up to ₹8.64 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 64,00,000 shares 24,00,000 shares
Issue Size Total (Amount) up to ₹48.00 Cr up to ₹8.64 Cr

IPO Timetable

Le Merite Exports IPO opens on Apr 25, 2022, while Sonu Infratech IPO opens on Apr 29, 2022. The closing date of Le Merite Exports IPO and Sonu Infratech IPO is Apr 28, 2022, and May 05, 2022, respectively.

  Le Merite Exports IPO Sonu Infratech IPO
Anchor Bid Date
Issue Open Apr 25, 2022 Apr 29, 2022
Issue Close Apr 28, 2022 May 05, 2022
Basis Of Allotment (Tentative) May 10, 2022
Initiation of Refunds (Tentative) May 11, 2022
Credit of Share (Tentative) May 12, 2022
Listing date (Tentative)
Anchor Lockin End date 1 Jun 09, 2022
Anchor Lockin End date 2 Aug 08, 2022

Financials

Le Merite Exports IPO P/E ratio is 11.09, as compared to Sonu Infratech IPO P/E ratio of 15.79.

  Le Merite Exports IPO Sonu Infratech 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-Oct-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 5,503.07 4,319.18 2,902.96 2,696.21
Total Revenue 3,239.50 4,076.69 4,114.07 3,412.77
Profit After Tax 104.27 139.80 66.01 64.47
Promoter Shareholding (Pre-Issue) 99.99% 94.28%
Promoter Shareholding (Post-Issue) 65.45%
P/E Ratio 11.09 15.79
Market Cap ₹176.11 Cr. ₹28.26 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 Sonu Infratech IPO retail investors are offered 30,32,000 shares. Qualified institutional buyers (QIB) are offered in Le Merite Exports IPO and in Sonu Infratech IPO.

  Le Merite Exports IPO Sonu Infratech IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,36,000 shares 1,20,000 shares
QIB
NII 30,32,000 shares 11,40,000 shares
RII 30,32,000 shares 11,40,000 shares
Employee
Others
Total 60,64,000 shares 22,80,000 shares

Bids Received (Subscription)

Le Merite Exports IPO subscribed 15.69x in total, whereas Sonu Infratech IPO subscribed 16.52x.

  Le Merite Exports IPO Sonu Infratech IPO
QIB (times)
NII (times) 15.27x 13.43x
Big NII (times)
Small NII (times)
RII (times) 16.10x 19.60x
Employee (times)
Other (times)
Total (times) 15.69x 16.52x

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