Leo Dryfruits & Spices Trading Ltd IPO

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

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Jan 1, 2025
Opening date
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Jan 3, 2025
Closing date
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Jan 6, 2025
Basis of Allotment
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Jan 7, 2025
Initiation of Refunds
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Jan 7, 2025
Credit of Shares
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Jan 8, 2025
Listing date

Details

SectorType
SectorTrading
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Leo Dryfruits & Spices Trading Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations13.239.865.79
EBITDA13.7510.366.22
PAT8.166.733.63
Total Assets112.4548.3221.86
Share Capital17.8913.061.30
Total Borrowings27.0210.479.51
Operating Activities (Net Cash)8.687.234.06
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)27.0210.479.51
Net Cashflow0.270.100.12

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.

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 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:

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.

FAQs on IPO (Initial Public Offering)

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

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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?

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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?

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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?

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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?

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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?

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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?

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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?

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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?

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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.

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