Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹52.00 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 investment for 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 Date | January 1, 2025 to January 3, 2025 |
| Listing Date | January 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹52 per share |
| Issue Price Final | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 48,30,000 shares (aggregating up to ₹25.12 Cr) |
| Reserved for Market Maker | 2,46,000 shares Rikhav Securities Ltd. (aggregating up to ₹1.28 Cr) |
| Net Offered to Public | 45,84,000 shares (aggregating up to ₹23.84 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,30,61,440 shares |
| Share Holding Post Issue | 1,78,91,440 shares |
Leo Dryfruits IPO offers total 48,30,000 shares. Out of which 22,40,000 (46.38%) allocated to QIB, 9,16,000 (18.96%) allocated to QIB (Ex- Anchor), 7,00,000 (14.49%) allocated to NII, 16,44,000 (34.04%) allocated to RII and 13,24,000 (27.41%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,46,000 (5.09%) |
| QIB Shares Offered | 22,40,000 (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 (14.49%) |
| Retail Shares Offered | 16,44,000 (34.04%) |
| Total Shares Offered | 48,30,000 (100.00%) |
Leo Dryfruits IPO raises ₹6.88 crore from anchor investors. Leo Dryfruits IPO Anchor bid date is December 31, 2024. Leo Dryfruits 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 Dryfruits 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 Fri, Jan 3, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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 |
| Total Income | 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 | ||||
The market capitalization of Leo Dryfruits IPO is ₹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 company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[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...
| Listing Date | January 8, 2025 |
| BSE Script Code | 544329 |
| NSE Symbol | |
| ISIN | INE0RH001011 |
| Final Issue Price | ₹52 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹71.40 |
| Last Trade | ₹71.36 |
Leo Dryfruits & Spices Trading Ltd.
A 812, MIDC Khairane
Thane Belapur Rd, TTC Industrial Area,
Koperkhairane, Thane, 400705
Thane, Maharashtra
Phone: + 91 9321126141
Email: info@leodryfruitsandspices.com
Website: https://leodryfruitsandspices.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Leo Dryfruits IPO is a SME IPO of 48,30,000 equity shares of the face value of ₹10 aggregating up to ₹25.12 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on January 1, 2025, and closes on January 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 January 1, 2025 and closes on January 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 Tuesday, January 7, 2025. Check the Leo Dryfruits IPO allotment status.
The Leo Dryfruits IPO listing date is on Wednesday, January 8, 2025.
Useful Articles
RHP