Leo Dry Fruits and Spices Trading Ltd is set to launch its initial public offering (IPO) from January 1, 2025 to January 3, 2025, with a price band of ₹51 to ₹52 per share. The IPO aims to raise ₹25.12 crores by issuing up to 48.3 lakh equity shares, each with a face value of ₹10. The proceeds from the IPO will primarily be used for working capital requirements and expanding the company’s operational capabilities.
₹15
₹52
₹68
Expert Opinions
Market sentiment for the Leo Dry Fruits and Spices IPO is positive, fueled by the growing demand for premium food products and a strong brand presence. Company strengths include a diverse product range under the Vandu and FRYD brands, which cater to both everyday cooking and gourmet culinary needs, positioning the company well within the food sector. However, risks and challenges include competition from established players and potential fluctuations in raw material prices that could impact margins.
The valuation analysis sets the IPO price band at ₹51 to ₹52 per share, with a strong financial performance indicated by a 71% revenue increase and an 83% rise in profit after tax for FY24. From a long-term investment perspective, Leo Dry Fruits and Spices is well-positioned to capitalize on increasing consumer preferences for quality food products, making it an attractive option for investors seeking exposure to a dynamic and expanding market while being mindful of inherent industry risks.
Investor Considerations
Company performance and fundamentals show significant growth, with revenue increasing from ₹36.44 crores in FY23 to ₹62.17 crores in FY24, along with a profit rise from ₹3.63 crores to ₹6.64 crores, indicating strong operational efficiency. The sector outlook for dry fruits and spices is positive, driven by rising consumer demand for healthy food options and increasing exports.
The IPO valuation is set between ₹51 and ₹52 per share, aiming to raise approximately ₹25.12 crores to fund working capital and marketing initiatives. Growth prospects are promising as the company plans to expand its product offerings under the “VANDU” and “FRYD” brands while enhancing distribution channels. However, risk factors include potential fluctuations in raw material prices and competition from established brands. A long-term investment horizon is advisable, as Leo Dry Fruits is well-positioned to capitalize on the growing health-conscious consumer trend, making it an attractive opportunity for investors.
| Date | GMP | Trend |
|---|---|---|
| 07 Jan 2025 10.44 | ₹15 | Down |
| 06 Jan 2025 10.50 | ₹20 | --- |
| 05 Jan 2025 10.04 | ₹20 | --- |
| 04 Jan 2025 11.33 | ₹20 | Up |
| 03 Jan 2025 10.58 | ₹15 | Up |
| 02 Jan 2025 10.38 | ₹00 | --- |
| 01 Jan 2025 10.58 | ₹00 | --- |
| 31 Dec 2024 10.38 | ₹00 | --- |
| 30 Dec 2024 10.55 | ₹00 | --- |
| 29 Dec 2024 12.04 | ₹00 | --- |
FAQs
The Grey Market Premium showed strong accuracy in predicting Technichem Organics’ listing performance. The GMP of ₹15 predicted a premium of 28.85% over the issue price, while the stock delivered a similar gain of 30.77%. With a minimal prediction error of just 1.49%, the GMP effectively captured both the direction and magnitude of the listing gains, proving to be a reliable indicator in this case.
Leo Dry Fruits and Spices IPO Current GMP is ₹15.
Leo Dry Fruits and Spices IPO Expected Returns is 28.85%.
Leo Dry Fruits and Spices IPO estimated listing price is ₹67.