1. Home
  2. SME IPO
  • Leo Dryfruits Spices Trading Ltd IPO
Leo Dryfruits & Spices Trading Ltd logo

Leo Dryfruits & Spices IPO

  • Status: Closed
  • RHP:
  • ₹ 102,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    01 Jan 2025

  • Close Date

    03 Jan 2025

  • IPO Price Range

    ₹ 51 to ₹ 52

  • IPO Size

    ₹ 25.12 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    08 Jan 2025

With just a few clicks, Invest in IPOs!

+91
Resend OTP

By proceeding, you agree to all T&C*

hero_form
Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Leo Dryfruits & Spices IPO Subscription Status

Last Updated: 03 January 2025 6:54 PM by 5Paisa

Leo Dry Fruits & Spices IPO is set to open on 1 January 2025 and will close on 3 January 2025. Leo Dry Fruits & Spices offers a wide range of spices, dry fruits, and frozen products.

The IPO is an entirely fresh issue of 0.48 Cr shares aggregating to ₹25.12 Cr. The price range is set at ₹51 to ₹52 per share and the lot size is 2,000 shares. 

The allotment is scheduled to be finalised on 6 January 2025. It will go public on BSE SME, with a tentative listing date of 8 January 2025.

Shreni Shares Ltd. is the book running lead manager, while Bigshare Services Pvt Ltd is the registrar. 
 

Leo Dry Fruits IPO Size

Types Size
Total IPO Size ₹25.12 Cr.
Offer For Sale -
Fresh Issue ₹25.12 Cr.

Leo Dry Fruits IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 102,000
Retail (Max) 1 2000 102,000
HNI (Min) 2 4000 204,000

Leo Dry Fruits IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 68.06 9,16,000 6,23,44,000 324.19
NII (HNI) 394.59 7,00,000 27,62,16,000 1,436.32
Retail 154.5 16,44,000 25,40,04,000 1,320.82
Total** 181.77 32,60,000 59,25,64,000 3,081.33

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Leo Dry Fruits IPO Anchor Allocation

Anchor Bid Date 31 December, 2024
Shares Offered 13,24,000
Anchor portion Size (In ₹ Cr.) 6.88
Anchor lock-in period end date for 50% shares (30 Days) 5 February, 2025
Anchor lock-in period end date for remaining shares (90 Days) 6 April, 2025

 

1. Funding working capital requirements of the company;
2. Branding, Advertisement and Marketing activities;
3. General corporate purposes
 

Leo Dryfruits & Spices, under the brands VANDU and FRYD, offers a wide range of spices, dry fruits, and frozen products. With manufacturing in Thane, Maharashtra, it operates across B2B, B2C, and D2C segments. Its strengths include experienced leadership, a diverse portfolio, in-house manufacturing, strong brand equity, and a wide customer base.


Established in: 2019
Chairman & MD: Mr. Kaushik Sobhagchand Shah

Peers

Jetmall Spices and Masala Ltd
HOAC Foods India Ltd
Madhusudan Masala Ltd
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 5.27 36.47 62.27
EBITDA 0.11 6.20 11.13
PAT 0.08 3.63 6.64
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 11.99 26.64 52.35
Share Capital 1.30 1.30 13.06
Total Borrowings 6.01 15.37 9.15
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -2.70 -8.18 -14.57
Net Cash Generated From / (used in) investing activities -3.82 -1.39 -0.29
Net Cash Generated From / (used in) financing activities 7.30 8.92 14.90
Net Increase (Decrease) In Cash And Cash Equivalents 0.77 -0.65 0.04


Strengths

1. Experienced promoters and a skilled management team driving business growth.
2. Diverse product portfolio catering to various customer segments and preferences.
3. In-house manufacturing ensures quality control and cost efficiency.
4. Established brand equity with recognized VANDU and FRYD labels.
5. Strong presence across B2B, B2C, and D2C segments ensures market diversification.
 

Risks

1. High dependence on the competitive and fragmented spice and dry fruit market.
2. Limited geographic reach compared to larger industry players.
3. Fluctuating raw material prices impact profit margins.
4. Heavy reliance on e-commerce platforms for direct customer engagement.
5. Relatively small workforce may hinder large-scale expansion opportunities.
 

Will You Apply for Leo Dryfruits & Spices IPO?

Yes No Maybe

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91
Resend OTP

By proceeding, you agree to all T&C*

footer_form

FAQs

Leo Dry Fruits & Spices IPO opens from 1 January 2025 to 3 January 2025.

The size of Leo Dry Fruits & Spices IPO is ₹25.12 Cr.

The price of Leo Dry Fruits & Spices IPO is fixed at ₹51 to ₹52 per share. 

To apply for Leo Dry Fruits & Spices IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Leo Dry Fruits & Spices  IPO.   
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Leo Dry Fruits & Spices IPO is 2,000 shares and the investment required is ₹102,000.
 

The share allotment date of Leo Dry Fruits & Spices IPO is 6 January 2025

The Leo Dry Fruits & Spices IPO will be listed on 8 January 2025.

Shreni Shares Ltd. is the book running lead manager for Leo Dry Fruits & Spices IPO.

Leo Dry Fruits & Spices plans to utilise the raised capital from the IPO for:

1. Funding working capital requirements of the company;
2. Branding, Advertisement and Marketing activities;
3. General corporate purposes