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Le Merite Exports IPO vs Sunrise Efficient Marketing IPO

Comparison between Le Merite Exports IPO and Sunrise Efficient Marketing IPO.

IPO Details

Le Merite Exports IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sunrise Efficient Marketing IPO is a SME Fixed Price proposed to list at BSE SME.

 Le Merite Exports IPOSunrise Efficient Marketing IPO
LogoLe Merite Exports IPO LogoSunrise Efficient Marketing IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFedex Securities Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerRikhav Securities Ltd.Rikhav Securities 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 Sunrise Efficient Marketing IPO is up to ₹15.75 Cr. The final issue price of Le Merite Exports IPO is ₹75.00 per share and of Sunrise Efficient Marketing IPO is ₹121.00 per share.

 Le Merite Exports IPOSunrise Efficient Marketing IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹75.00 per share₹121.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size60,64,000 shares13,02,000 shares
Fresh Issue Size (Amount)up to ₹45.48 Crup to ₹15.75 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total60,64,000 shares13,02,000 shares
Issue Size Total (Amount)up to ₹45.48 Crup to ₹15.75 Cr

IPO Timetable

Le Merite Exports IPO opens on Apr 25, 2022, while Sunrise Efficient Marketing IPO opens on Mar 30, 2022. The closing date of Le Merite Exports IPO and Sunrise Efficient Marketing IPO is Apr 28, 2022, and Apr 05, 2022, respectively.

 Le Merite Exports IPOSunrise Efficient Marketing IPO
Anchor Bid Date
Issue OpenApr 25, 2022Mar 30, 2022
Issue CloseApr 28, 2022Apr 05, 2022
Basis Of Allotment (Tentative)Apr 08, 2022
Initiation of Refunds (Tentative)Apr 11, 2022
Credit of Share (Tentative)Apr 12, 2022
Listing date (Tentative)May 09, 2022Apr 12, 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 Sunrise Efficient Marketing IPO P/E ratio of 9.7.

 Le Merite Exports IPOSunrise Efficient Marketing 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 Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21
Total Assets 2,279.36 1,651.16
Total Revenue 3,006.79 2,618.52
Profit After Tax 312.36 18.37
Promoter Shareholding (Pre-Issue)99.9999.99
Promoter Shareholding (Post-Issue)72.40
P/E Ratio11.099.7
Market Cap₹176.11 Cr.₹60.50 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 Sunrise Efficient Marketing IPO retail investors are offered 30,32,000 shares. Qualified Institutional Buyers (QIB) are offered in Le Merite Exports IPO and in Sunrise Efficient Marketing IPO.

 Le Merite Exports IPOSunrise Efficient Marketing IPO
Anchor Investor Reserveration
Market Maker Reserveration3,36,000 shares78,000 shares
QIB
NII30,32,000 shares6,51,000 shares
RII30,32,000 shares6,51,000 shares
Employee
Others
Total60,64,000 shares13,02,000 shares

Bids Received (Subscription)

Le Merite Exports IPO subscribed 15.69x in total, whereas Sunrise Efficient Marketing IPO subscribed 1.46x.

 Le Merite Exports IPOSunrise Efficient Marketing IPO
QIB (times)
NII (times)15.27x1.78x
Big NII (times)
Small NII (times)
RII (times)16.10x1.13x
Employee (times)
Other (times)
Total (times)15.69x1.46x