Zerodha > Trade @ ₹20 (Free Delivery)Know More
Free Account Opening + AMC Free Demat

Le Merite Exports IPO vs Nanavati Ventures IPO

Comparison between Le Merite Exports IPO and Nanavati Ventures IPO.

IPO Details

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

 Le Merite Exports IPONanavati Ventures IPO
LogoLe Merite Exports IPO LogoNanavati Ventures IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFedex Securities Pvt.Ltd.First Overseas Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerRikhav Securities Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Le Merite Exports IPO is up to ₹45.48 Cr whereas the issue size of the Nanavati Ventures IPO is up to ₹2.07 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 IPONanavati 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size60,64,000 shares4,14,000 shares
Fresh Issue Size (Amount)up to ₹45.48 Crup to ₹2.07 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total60,64,000 shares4,14,000 shares
Issue Size Total (Amount)up to ₹45.48 Crup to ₹2.07 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 IPONanavati Ventures IPO
Anchor Bid Date
Issue OpenApr 25, 2022Apr 25, 2022
Issue CloseApr 28, 2022Apr 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 09, 2022May 06, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

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 IPONanavati Ventures IPO
Financials
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)99.9971
Promoter Shareholding (Post-Issue)52.19
P/E Ratio11.0961.73
Market Cap₹176.11 Cr.₹8.23 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Le Merite Exports IPO Retail Individual 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 IPONanavati Ventures IPO
Anchor Investor Reserveration
Market Maker Reserveration3,36,000 shares24,000 shares
QIB
NII30,32,000 shares2,06,000 shares
RII30,32,000 shares2,06,000 shares
Employee
Others
Total60,64,000 shares4,12,000 shares

Bids Received (Subscription)

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

 Le Merite Exports IPONanavati Ventures IPO
QIB (times)
NII (times)15.27x13.86x
Big NII (times)
Small NII (times)
RII (times)16.10x51.17x
Employee (times)
Other (times)
Total (times)15.69x32.52x