Bookbuilding IPO | ₹25 Cr | Listed at BSE SME | Wed, Jan 1, 2025 - Fri, Jan 3, 2025
Leo Dryfruits IPO is a book build issue of ₹25.12 crores. The issue is entirely a fresh issue of 0.48 crore shares of ₹25.12 crore.
Leo Dryfruits IPO bidding started from Jan 1, 2025 and ended on Jan 3, 2025. The allotment for Leo Dryfruits IPO was finalized on Jan 6, 2025. The shares got listed on BSE SME on Jan 8, 2025.
Leo Dryfruits IPO price band is set at ₹52 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,04,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Leo Dryfruits IPO RHP for detailed Information.
IPO Open
Wed, Jan 1, 2025
IPO Close
Fri, Jan 3, 2025
Issue Price
₹52 per share
Market Cap (Pre-IPO)
₹93.04 Cr
| IPO Date | 1 to 3 Jan, 2025 |
| Listed on | Wed, Jan 8, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹52 |
| Issue Price | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 48,30,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 2,46,000 shares Rikhav Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 45,84,000 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 45,84,000 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 1,30,61,440 shares |
| Share Holding Post Issue | 1,78,91,440 shares |
| BSE Script Code | 544329 |
| ISIN | INE0RH001011 |
Leo Dryfruits IPO comprises a total issue size of 48,30,000 shares. The net offer to the public is 45,84,000 shares, after excluding 2,46,000 shares allotted on a firm basis. Of the Net offer 22,40,000 (48.87%) are allocated to QIB, 7,00,000 (15.27%) allocated to NII 16,44,000 (35.86%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 22,40,000 | 48.87% | 46.38% |
| − Anchor Investor Shares Offered | 13,24,000 | 27.41% | |
| − QIB (Ex. Anchor) Shares Offered | 9,16,000 | 18.96% | |
| NII (HNI) Shares Offered | 7,00,000 | 15.27% | 14.49% |
| Retail Shares Offered | 16,44,000 | 35.86% | 34.04% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,46,000 | 5.09% | |
| Total Shares Offered | 48,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Leo Dryfruits IPO raises ₹6.88 crore from anchor investors. Leo Dryfruits IPO Anchor bid date is December 31, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 31, 2024 |
| Shares Offered | 13,24,000 |
| Anchor Portion (₹ Cr.) | 6.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Feb 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Apr 6, 2025 |
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:-
The company's manufacturing unit is situated in Thane, Maharastra.
The company operates in three segments: B2B, B2C, and D2C.
As of September 30, 2024, the Company had approximately 46 permanent employees at various levels.
Competitive Strength:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 69.89 | 52.35 | 26.64 | 11.99 |
| Total Income | 17.88 | 62.27 | 36.47 | 5.27 |
| Profit After Tax | 1.87 | 6.64 | 3.63 | 0.08 |
| NET Worth | 35.77 | 33.90 | 5.00 | 1.36 |
| Reserves and Surplus | 22.71 | 20.84 | 3.70 | 0.07 |
| Total Borrowing | 16.70 | 9.15 | 15.37 | 6.01 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company; | 15.00 |
| 2 | Branding, Advertisement and Marketing activities; | 4.25 |
| 3 | General corporate purposes. | 2.70 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 5.08 | 3.71 |
| P/E (x) | 10.23 | 14.02 |
| Promoter Holding | 52.21% | 38.11% |
| Market Cap | ₹93.04 Cr. |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 2.81 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review etc.) | 0.21 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹71.40 |
| Last Trade | ₹71.36 |
Lead Manager Reports
Leo Dryfruits IPO is a SME IPO of 48,30,000 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Jan 1, 2025, and closes on Fri, Jan 3, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Leo Dryfruits IPO using UPI as a payment gateway. Zerodha customers can apply in Leo Dryfruits IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Leo Dryfruits IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Leo Dryfruits IPO opens on Wed, Jan 1, 2025 and closes on Fri, Jan 3, 2025.
Leo Dryfruits IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in Leo Dryfruits IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Leo Dryfruits IPO will be done on Monday, January 6, 2025, and the allotted shares will be credited to your demat account by Tue, Jan 7, 2025. Check the Leo Dryfruits IPO allotment status.
The Leo Dryfruits IPO listing date is on Wed, Jan 8, 2025.
