Le Merite Exports LtdNSE LEMERITE Stock Report

Le Merite Exports Ltd. engages in the manufacturing and trading of textile products. The company is headquartered in Mumbai, Maharashtra and currently employs 221 full-time employees. The company went IPO on 2022-05-09. The company deals in diversified product portfolio with capability to supply compact cotton yarn varying from counts NE 16/1 to NE 32/1 & NE 16/2 to NE 32/2 combed carded and double yarn that are used in various forms and for varied end uses. The company operates through the textile segment, which is engaged in the trading of yarn, fabric, cotton, polyester chips, and manufacturing of yarn. The company also exports sustainable organic yarn and fabric to international textile and garment manufacturers. Its subsidiaries include Le Merite Filament Private Limited and Le Merite Laxmi Spinning Private Limited, which are engaged in trading of polyester yarn, viscose yarn, synthetic fibers, staple fibers, worsted yarn, lycra yarn and other varieties, such as texturized, twisted, sized, and other such kinds of fiber.