IPO - Check IPO Date, Price, Lot Size

Leo Dryfruits & Spices Trading Ltd IPO

Our company is engaged in manufacturing, processing, trading and marketing of wide range of spices, dry fruits and other grocery products under the brand name VANDU and frozen/semi fried products under the brand name of FRYD. Our company is currently engaged in supplying of various whole spices and blended spices under spices category, plain, roasted and flavoured dry fruits under dry fruits category and ghee, various type of seasoning, chiz bites and many more under other grocery products in different packaging sizes.

Leo Dryfruits & Spices Trading Ltd IPO Details

Total Shares Offered

₹ 48,30,000

Offer to Public

TBA

Retail Max (Shares)

₹ 16,44,000

Pre Issue Promoters Holding

₹ 68,18,980

Exchange

BSE

Issue size

₹ 25.12 Cr

IPO Open Date

Jan 1, 2025

Close Date

Jan 3, 2025

Lot Size

2000

Min Investment

₹ 1,02,000

Issue Type

Book Building - SME

Listing Date

Jan 8, 2025

Leo Dryfruits & Spices Trading Ltd IPO Dates

Jan 1, 2025

Opening date

Jan 3, 2025

Closing date

Jan 6, 2025

Basis of Allotment

Jan 7, 2025

Initiation of Refunds

Jan 7, 2025

Credit of Shares

Jan 8, 2025

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	27.83x	2240000	62344000
NII	394.94x	700000	276460000
Retail	154.5x	1644000	254004000
Employee	0x	0	0
Total	122.73x	4830000	592808000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

27.83x

394.94x

154.5x

122.73x

2240000

700000

1644000

4830000

62344000

276460000

254004000

592808000

Leo Dryfruits & Spices Trading Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	13.23	9.86	5.79
EBITDA	13.75	10.36	6.22
PAT	8.16	6.73	3.63
Total Assets	112.45	48.32	21.86
Share Capital	17.89	13.06	1.30
Total Borrowings	27.02	10.47	9.51
Operating Activities (Net Cash)	8.68	7.23	4.06
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	27.02	10.47	9.51
Net Cashflow	0.27	0.10	0.12

About Leo Dryfruits & Spices Trading Ltd

Our Company was originally incorporated on November 16, 2019 as Leo Dryfruits & Spices Trading Private Limited under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central registration Centre. Subsequently our Company was converted into Public Limited Company and name of company was changed from Leo Dryfruits & Spices Trading Private Limited to Leo Dryfruits & Spices Trading Limited vide fresh certificate of incorporation dated July 07, 2023 issued by the Registrar of Companies, Centralised Processing Centre. The Corporate Identification Number of our Company is U10799MH2019PLC333102.

India is the world's largest spice producer. It is also the largest consumer and exporter of spices. The production of different spices has been growing rapidly over the last few years. Production in 2022-23 stood at 11.14 million tonnes compared to 11.12 million tonnes in 2021-22. During 2022-23, the export of spices from India stood at US$ 3.73 billion from US$ 3.46 billion in 2021-22. During 2021-22, the single largest spice exported from India was chilli followed by spice oils and oleoresins, mint products, cumin, and turmeric. India produces about 75 of the 109 varieties which are listed by the International Organization for Standardization (ISO). The most produced and exported spices are pepper, cardamom, chilli, ginger, turmeric, coriander, cumin, celery, fennel, fenugreek, garlic, nutmeg & mace, curry powder, spice oils and oleoresins.

Peer Comparison:

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

Leo Dryfruits & Spices Trading Ltd Key Points

Strengths

Experienced promoters and management team.

Diversified product portfolio.

In house manufacturing and processing capabilities.

Value proposition for consumers.

Wide spread customer base across various segments.

Risk

The company is a new player in the spice, dry fruits, frozen/semi fried and other grocery business and there is no assurance that its will be able to maintain or increase the company revenue from operations in the long term.

The Company, Promoters and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties/prosecutions and may adversely affect its business and results of operations.

The company derives a significant portion of its revenue from trading activities, for which the company has to relies on third parties for sourcing of products.

Strategy

Expand our market presence to other states of India and overseas and increase our distribution reach.

Scale up branding, promotional and digital activities.

Improving Efficiency.

Quality Assurance.

Continue to strengthen our existing product portfolio and diversify into products with attractive growth and profitability prospects.

How To Apply for Leo Dryfruits & Spices Trading Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Leo Dryfruits & Spices Trading Ltd IPO?

Leo Dryfruits & Spices Trading Ltd's IPO offers shares for up to 25.12 It begins on Jan 1, 2025 and ends on Jan 3, 2025.

What is the price of the Leo Dryfruits & Spices Trading Ltd IPO?

The price of Leo Dryfruits & Spices Trading Ltd IPO ranges between ₹51 to ₹52 per share.

What are the open and close dates for the Leo Dryfruits & Spices Trading Ltd IPO?

The Leo Dryfruits & Spices Trading Ltd IPO opens on Jan 1, 2025 and closes on Jan 3, 2025.

When will the Leo Dryfruits & Spices Trading Ltd IPO be allotted?

The allotment for the Leo Dryfruits & Spices Trading Ltd IPO will be finalised on Jan 6, 2025. The shares will be listed on BSE and NSE on Jan 8, 2025.

What is the minimum lot size required for Leo Dryfruits & Spices Trading Ltd IPO?

The minimum lot size for Leo Dryfruits & Spices Trading Ltd IPO is 2000 shares, priced between ₹51 to ₹52 per share.

What is the GMP of Leo Dryfruits & Spices Trading Ltd IPO?

The GMP (Grey Market Premium) of Leo Dryfruits & Spices Trading Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Leo Dryfruits & Spices Trading Ltd IPO?

To check the allotment status of Leo Dryfruits & Spices Trading Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Leo Dryfruits & Spices Trading Ltd IPO getting listed?

The Leo Dryfruits & Spices Trading Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 1, 2025, and closes on Jan 3, 2025. The allotment is finalised on Jan 6, 2025.

How do you apply for the Leo Dryfruits & Spices Trading Ltd IPO?

To apply for the Leo Dryfruits & Spices Trading Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.