Le Merite Exports IPO vs Shashwat Furnishing IPO

Comparison between Le Merite Exports IPO and Shashwat Furnishing IPO.

IPO Details

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

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 Shashwat Furnishing IPO is up to ₹2.38 Cr. The final issue price of Le Merite Exports IPO is ₹75.00 per share and of Shashwat Furnishing IPO is ₹45.00 per share.

 Le Merite Exports IPOShashwat Furnishing IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹75.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares3000 shares
Fresh Issue Size60,64,000 shares5,28,000 shares
Fresh Issue Size (Amount)up to ₹45.48 Crup to ₹2.38 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total60,64,000 shares5,28,000 shares
Issue Size Total (Amount)up to ₹45.48 Crup to ₹2.38 Cr

IPO Timetable

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

 Le Merite Exports IPOShashwat Furnishing IPO
Issue OpenApr 25, 2022Apr 20, 2022
Issue CloseApr 28, 2022Apr 25, 2022
Listing date (Tentative)May 09, 2022May 04, 2022

Financials & KPIs

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

 Le Merite Exports IPOShashwat Furnishing IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202131 Mar 202131 Mar 202031 Mar 2019
Assets177.0792.0256.2656.60
Total Income370.87269.13217.28180.93
Profit After Tax15.877.063.151.13
EBITDA10.446.384.37
NET Worth40.2124.3417.2914.14
Reserves and Surplus38.5022.6315.5812.43
Total Borrowing94.0254.0028.9937.63
Amount in ₹ Crore

Company Financials (Restated)

Period Ended28 Feb 202231 Mar 2021
Assets2.340.01
Total Income1.230.00
Profit After Tax0.160.00
EBITDA0.230.00
NET Worth1.780.01
Reserves and Surplus0.340.00
Total Borrowing0.03
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%100%
Promoter Shareholding (Post-Issue)72.74%73.28%
P/E Ratio11.0953.6
Market Cap₹176.11 Cr.₹9.40 Cr.
ROE28.99
ROCE43.03
EPS₹41.31₹10.00
RoNW28.990

Shares Offered

In the Le Merite Exports IPO Retail Individual Investors (RII) are offered 30,32,000 shares while in Shashwat Furnishing IPO retail investors are offered 30,32,000 shares. Qualified Institutional Buyers (QIB) are offered in Le Merite Exports IPO and in Shashwat Furnishing IPO.

 Le Merite Exports IPOShashwat Furnishing IPO
Market Maker Reservation3,36,000 shares30,000 shares
NII30,32,000 shares2,64,000 shares
RII30,32,000 shares2,64,000 shares
Total60,64,000 shares5,28,000 shares

Bids Received (Subscription)

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

 Le Merite Exports IPOShashwat Furnishing IPO
NII (times)15.27x2.43x
RII (times)16.10x6.81x
Total (times)15.69x4.62x

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Le Merite Exports IPO Vs Shashwat Furnishing IPO