Leo Dry Fruits and Spices Trading Ltd IPO (Leo Dry Fruits and Spices IPO) Detail
Leo Dry Fruits and Spices IPO is a book built issue of Rs 25.12 crores. The issue is entirely a fresh issue of 48.30 lakh shares.
Leo Dry Fruits and Spices IPO bidding started from January 1, 2025 and ended on January 3, 2025. The allotment for Leo Dry Fruits and Spices IPO was finalized on Monday, January 6, 2025. The shares got listed on BSE SME on January 8, 2025.
Leo Dry Fruits and Spices IPO price band is set at ₹52 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,02,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,04,000.The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,08,000.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager of the Leo Dry Fruits and Spices IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Leo Dry Fruits and Spices IPO is Rikhav Securities Limited.
Refer to Leo Dry Fruits and Spices IPO RHP for detailed information.
Leo Dryfruits & Spices Trading Ltd Stock Quote & Charts
- Open: ₹53.50
- High – Low: ₹54.25 – ₹53.00
- Previous Close: ₹53.90
- Total Traded Value: 22,000.00
- 52 Weeks High: ₹56.54 (Jan 08, 2025)
- 52 Weeks Low: ₹64.60 (Jan 20, 2025)
- Updated On: Jan 08, 2025 4:00 PM
Leo Dry Fruits and Spices IPO Details
| IPO Date | January 1, 2025 to January 3, 2025 |
| Listing Date | January 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹52 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 48,30,000 shares (aggregating up to ₹25.12 Cr) |
| Fresh Issue | 48,30,000 shares (aggregating up to ₹25.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,30,61,440 shares |
| Share Holding Post Issue | 1,78,91,440 shares |
| Market Maker Portion | 2,46,000 shares Rikhav Securities Limited |
Leo Dry Fruits and Spices IPO Reservation
Leo Dry Fruits and Spices IPO offers 48,30,000 shares. 9,16,000 (18.96%) to QIB, 7,00,000 (14.49%) to NII, 16,44,000 (34.04%) to RII and 13,24,000 (27.41%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 13,24,000 (27.41%) |
| Market Maker Shares Offered | 2,46,000 (5.09%) |
| QIB Shares Offered | 9,16,000 (18.96%) |
| NII (HNI) Shares Offered | 7,00,000 (14.49%) |
| Retail Shares Offered | 16,44,000 (34.04%) |
| Total Shares Offered | 48,30,000 (100%) |
Leo Dry Fruits and Spices IPO Anchor Investors Details
Leo Dry Fruits and Spices IPO raises Rs 6.88 crore from anchor investors. Leo Dry Fruits and Spices IPO Anchor bid date is December 31, 2024. Leo Dry Fruits and Spices IPO Anchor Investors list
| Bid Date | December 31, 2024 |
| Shares Offered | 13,24,000 |
| Anchor Portion Size (In Cr.) | 6.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 6, 2025 |
Leo Dry Fruits and Spices IPO Timeline (Tentative Schedule)
Leo Dry Fruits and Spices IPO opens on January 1, 2025, and closes on January 3, 2025.
| IPO Open Date | Wed, Jan 1, 2025 |
| IPO Close Date | Fri, Jan 3, 2025 |
| Tentative Allotment | Mon, Jan 6, 2025 |
| Initiation of Refunds | Tue, Jan 7, 2025 |
| Credit of Shares to Demat | Tue, Jan 7, 2025 |
| Tentative Listing Date | Wed, Jan 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 3, 2025 |
Leo Dry Fruits and Spices IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,04,000 |
| Retail (Max) | 1 | 2000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
| Lot Size Calculator | |||
Leo Dry Fruits and Spices IPO Promoter Holding
| Share Holding Pre Issue | 52.21% |
| Share Holding Post Issue | 38.11% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Leo Dry Fruits and Spices Trading Ltd
Incorporated in November 2019, Leo Dryfruits & Spices Trading Limited specializes in manufacturing and trading a variety of spices and dry fruits under the brand VANDU as well as frozen and semi-fried products under “FRYD. The company supplies whole and blended spices, roasted and flavoured dry fruits, ghee, seasonings, and other grocery items in various packaging sizes.
The company’s business is divided into two verticals:-
- Trading of Products
- Manufacturing and Processing of Spices
The company’s manufacturing unit is situated in Thane, Maharastra.
The company operates in three segments: B2B, B2C, and D2C.
- In the B2B segment, the company wholesales whole spices and dry fruits in bulk to traders for unbranded resale
- In the B2C segment, the company sells its products as whole spices, blended spices, dry fruits, and groceries under VANDU through distributors, super stockists, e-commerce platforms like Amazon and Flipkart, and its website.
- In the D2C segment, they sell directly to customers through its website and online channel partners such as Amazon, Flipkart etc.
As of September 30, 2024, the Company had approximately 46 permanent employees at various levels.
Competitive Strength:
- Experienced promoters and management team
- Diversified product portfolio
- In house manufacturing and processing capabilities
- Increased brand equity over the years.
- Wide spread customer base across various segments.
Company Financials
Leo Dry Fruits and Spices Trading Ltd Financial Information (Restated)
Leo Dry Fruits and Spices Trading Ltd’s revenue increased by 71% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,988.78 | 5,234.95 | 2,664.01 | 1,198.64 |
| Revenue | 1,788.24 | 6,226.51 | 3,646.83 | 526.54 |
| Profit After Tax | 187.18 | 663.69 | 363.46 | 7.9 |
| Net Worth | 3,577.44 | 3,390.26 | 499.91 | 136.45 |
| Reserves and Surplus | 2,271.29 | 2,084.12 | 370.41 | 6.95 |
| Total Borrowing | 1,670.06 | 914.64 | 1,537.13 | 601 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator (KPI)
The market capitalization of Leo Dry Fruits and Spices IPO is Rs 93.04 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 34.12% |
| ROCE | 33.52% |
| Debt/Equity | 0.27 |
| RoNW | 19.58% |
| PAT Margin | 10.68 |
| Price to Book Value | 1.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.08 | 3.71 |
| P/E (x) | 10.23 | 14.02 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Leo Dry Fruits and Spices IPO Objectives)
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding working capital requirements of the company;
- Branding, Advertisement and Marketing activities;
- General corporate purposes
Leo Dry Fruits and Spices IPO Review May apply
[Dilip Davda] The company is engaged in manufacturing/processing/trading and marketing wide range of grocery products. Some of the products are sold under its own brand “Vandu” and “Fryd”. The company operates on B2B, B2C, and D2C business model. The sudden boost in its bottom lines for FY23 and FY24 raise eyebrows. Based on FY25 annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for medium term. Read detail review…
Leo Dry Fruits and Spices IPO Subscription Status (Bidding Detail)
The Leo Dry Fruits and Spices IPO is subscribed 181.77 times on January 3, 2025 6:19:07 PM (Day 3). The public issue subscribed 154.5 times in the retail category, 68.06 times in the QIB category, and 394.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 68.06 | 9,16,000 | 6,23,44,000 | 42 |
| NII* | 394.59 | 7,00,000 | 27,62,16,000 | 9,778 |
| Retail | 154.5 | 16,44,000 | 25,40,04,000 | 1,27,016 |
| Total | 181.77 | 32,60,000 | 59,25,64,000 | 1,96,592 |
Total Application : 1,96,592
*Market Maker portion is not included to NII/HNI.
Leo Dry Fruits and Spices IPO Prospectus
Leo Dry Fruits and Spices IPO Listing Details
| Listing Date | January 8, 2025 |
| BSE Script Code | 544329 |
| NSE Symbol | |
| ISIN | INE0RH001011 |
| Final Issue Price | ₹52 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹71.40 |
| Last Trade | ₹71.36 |
Check IPO Performance…
Leo Dry Fruits and Spices Trading Ltd Contact Details
Leo Dry Fruits and Spices Trading Ltd
A 812, MIDC Khairane
Thane Belapur Rd, TTC Industrial Area,
Koperkhairane, Thane, 400705
Phone: + 91 9321126141
Email: info@leodryfruitsandspices.com
Website: https://leodryfruitsandspices.com/
Leo Dry Fruits and Spices IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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