Le Merite Exports launches Rs.48-Cr SME IPO

The initial public offering of Le Merite Exports, a manufacturer and trader of textile products, has launched a INR 48 crore public offer that will close on April 28. The issue constitutes 27.62% of the post-issue paid-up equity capital of the company. The shares will be listed on the NSE SME Emerge platform post allotment. The issue is lead managed by Fedex Securities, and Bigshare Services is the registrar of the issue.