Leo Dryfruits & Spices Trading Ltd IPO
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Leo Dryfruits & Spices Trading Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 48.3 L | TBA | ₹ 16.44 L | ₹ 68.19 L | BSE | ₹ 25.12 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 01 Jan, 25 | 03 Jan, 25 | 2000 | ₹ 1,02,000 | Book Building - SME | 08 Jan, 25 |
Leo Dryfruits & Spices Trading Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Leo Dryfruits & Spices Trading Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 10.09 | 5.79 | 0.11 |
| EBITDA | 10.59 | 6.22 | 0.11 |
| PAT | 6.64 | 3.63 | 0.08 |
| Total Assets | 47.77 | 21.86 | 8.16 |
| Share Capital | 13.06 | 1.30 | 1.30 |
| Total Borrowings | 9.86 | 9.51 | 0.84 |
| Operating Activities (Net Cash) | 7.14 | 4.06 | 0.08 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 9.86 | 9.51 | 0.84 |
| Net Cashflow | 0.16 | 0.12 | 0.77 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Jetmall Spices and Masala Ltd
- Hoac Foods India Ltd
- Madhusudan Masala Ltd
Leo Dryfruits & Spices Trading Ltd IPO 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.
- 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.
How To Apply for Leo Dryfruits & Spices Trading Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
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.
