Description

NSE announces listing of 61,400 equity shares of Le Merite Exports Limited allotted on preferential basis, effective October 20, 2025.

Summary

National Stock Exchange has admitted 61,400 equity shares of Le Merite Exports Limited to trading on the SME EMERGE platform effective October 20, 2025. These shares were allotted on a preferential basis on September 17, 2025 at an issue price of Rs. 320 per share.

Key Points

  • 61,400 equity shares of face value Rs. 10 each admitted to NSE SME EMERGE platform
  • Shares allotted on preferential basis at Rs. 320 per share
  • Trading symbol: LEMERITE
  • ISIN: INE0G1L01017 (temporary ISIN in dematerialized mode)
  • Distinctive number range: 24298601 to 24360000
  • Market lot size: 400 shares
  • Shares are pari passu with existing equity shares
  • Circular reference: NSE/CML/70890, Circular No. 2051/2025

Regulatory Changes

No regulatory changes introduced. This circular implements existing regulations under National Stock Exchange (Capital Market) Trading Regulations Part A, specifically Regulation 3.1.1 for admission of securities and Regulation 2.5.5 for lot sizes.

Compliance Requirements

  • Trading members must identify the security by its designated code (LEMERITE)
  • Trading must be conducted in the specified market lot of 400 shares
  • Lock-in period applicable until April 17, 2026
  • Temporary ISIN activation follows SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012

Important Dates

  • Date of Allotment: September 17, 2025
  • Effective Date: October 20, 2025 (trading commencement)
  • Lock-in Expiry Date: April 17, 2026
  • Circular Date: October 17, 2025

Impact Assessment

This is a routine administrative listing notification with minimal market impact. The preferential allotment represents a small increase in Le Merite Exports Limited’s outstanding shares (61,400 shares). The 7-month lock-in period until April 2026 means these shares will not be immediately tradable, limiting near-term liquidity impact. As an SME EMERGE platform listing, the impact is confined to the SME segment with no broader market implications.

Impact Justification

Routine listing of preferential allotment for a single SME company with limited market-wide impact