Comparison between Le Merite Exports IPO and Rachana Infrastructure IPO.
IPO Details
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.
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 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 (Final) | ₹75.00 per share | ₹135.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| 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 |
IPO Timetable
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.
Financials & KPIs
Le Merite Exports IPO P/E ratio is 11.09, as compared to Rachana Infrastructure IPO P/E ratio of 138.
Shares Offered
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 0 shares in Rachana Infrastructure IPO.
| | Le Merite Exports IPO | Rachana Infrastructure IPO |
|---|
| Anchor Investor Reservation | | 0 shares |
| Market Maker Reservation | 3,36,000 shares | 2,84,000 shares |
| QIB | | 0 shares |
| NII | 30,32,000 shares | 26,83,000 shares |
| RII | 30,32,000 shares | 26,83,000 shares |
| Employee | | 0 shares |
| Total | 60,64,000 shares | 53,66,000 shares |
Bids Received (Subscription)
Le Merite Exports IPO subscribed 15.69x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.
