Comparison between Le Merite Exports IPO and Rachana Infrastructure IPO.
Le Merite Exports IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rachana Infrastructure IPO is a SME Fixed Price proposed to list at NSE SME.
| Le Merite Exports IPO | Rachana Infrastructure IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Fedex Securities Pvt.Ltd. | Interactive Financial Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Rikhav Securities Ltd. | NNM Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Le Merite Exports IPO is up to ₹45.48 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹72.44 Cr. The final issue price of Le Merite Exports IPO is ₹75.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.
| Le Merite Exports IPO | Rachana Infrastructure IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹75.00 per share | ₹135.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1000 shares |
| Fresh Issue Size | 60,64,000 shares | 25,41,000 shares |
| Fresh Issue Size (Amount) | up to ₹45.48 Cr | up to ₹34.30 Cr |
| OFS Issue Size | 0 shares | 28,25,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹38.14 Cr |
| Issue Size Total | 60,64,000 shares | 53,66,000 shares |
| Issue Size Total (Amount) | up to ₹45.48 Cr | up to ₹72.44 Cr |
Le Merite Exports IPO opens on Apr 25, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Le Merite Exports IPO and Rachana Infrastructure IPO is Apr 28, 2022, and Jun 02, 2022, respectively.
| Le Merite Exports IPO | Rachana Infrastructure IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Apr 25, 2022 | May 20, 2022 |
| Issue Close | Apr 28, 2022 | Jun 02, 2022 |
| Basis Of Allotment (Tentative) | ||
| Initiation of Refunds (Tentative) | ||
| Credit of Share (Tentative) | ||
| Listing date (Tentative) | May 09, 2022 | Jun 10, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Le Merite Exports IPO P/E ratio is 11.09, as compared to Rachana Infrastructure IPO P/E ratio of 138.
| Le Merite Exports IPO | Rachana Infrastructure IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 83.44 | ||||
| Promoter Shareholding (Post-Issue) | ||||||
| P/E Ratio | 11.09 | 138 | ||||
| Market Cap | ₹176.11 Cr. | ₹256.75 Cr. | ||||
| ROE | 28.99 | |||||
| ROCE | 43.03 | |||||
| Debt/Equity | 0.57 | |||||
| EPS | ₹41.31 | ₹8.66 | ||||
| RoNW | 28.99 | 11.63 |
In the Le Merite Exports IPO Retail Individual Investors (RII) are offered 30,32,000 shares while in Rachana Infrastructure IPO retail investors are offered 30,32,000 shares. Qualified Institutional Buyers (QIB) are offered in Le Merite Exports IPO and in Rachana Infrastructure IPO.
| Le Merite Exports IPO | Rachana Infrastructure IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 3,36,000 shares | 2,84,000 shares |
| QIB | ||
| NII | 30,32,000 shares | 26,83,000 shares |
| RII | 30,32,000 shares | 26,83,000 shares |
| Employee | ||
| Others | ||
| Total | 60,64,000 shares | 53,66,000 shares |
Le Merite Exports IPO subscribed 15.69x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.
| Le Merite Exports IPO | Rachana Infrastructure IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 15.27x | 1.82x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 16.10x | 0.60x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 15.69x | 1.21x |
