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Le Merite Exports IPO vs Sonu Infratech IPO

Comparison between Le Merite Exports IPO and Sonu Infratech IPO.

IPO Details

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

 Le Merite Exports IPOSonu Infratech IPO
LogoLe Merite Exports IPO LogoSonu Infratech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Sunflower Broking Pvt.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 Sonu Infratech IPO is up to ₹8.21 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 IPOSonu 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)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size60,64,000 shares22,80,000 shares
Fresh Issue Size (Amount)up to ₹45.48 Crup to ₹8.21 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total60,64,000 shares22,80,000 shares
Issue Size Total (Amount)up to ₹45.48 Crup to ₹8.21 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 IPOSonu Infratech IPO
Anchor Bid Date
Issue OpenApr 25, 2022Apr 29, 2022
Issue CloseApr 28, 2022May 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)May 09, 2022May 13, 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 Sonu Infratech IPO P/E ratio of 15.79.

 Le Merite Exports IPOSonu Infratech 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-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)99.9994.28
Promoter Shareholding (Post-Issue)65.45
P/E Ratio11.0915.79
Market Cap₹176.11 Cr.₹28.26 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 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 IPOSonu Infratech IPO
Anchor Investor Reserveration
Market Maker Reserveration3,36,000 shares1,20,000 shares
QIB
NII30,32,000 shares11,40,000 shares
RII30,32,000 shares11,40,000 shares
Employee
Others
Total60,64,000 shares22,80,000 shares

Bids Received (Subscription)

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

 Le Merite Exports IPOSonu Infratech IPO
QIB (times)
NII (times)15.27x13.43x
Big NII (times)
Small NII (times)
RII (times)16.10x19.60x
Employee (times)
Other (times)
Total (times)15.69x16.52x