Leo Dry Fruits and Spices IPO Details
The key details of Leo Dry Fruits and Spices’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹25.12 Cr |
| Price Range | ₹51 - ₹52 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹1,04,000 |
| Pre IPO Promotor Holding | 52.21% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Leo Dry Fruits and Spices IPO Timelines
The IPO process for Leo Dry Fruits and Spices includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
01/01/2025
Start Date03/01/2025
End Date07/01/2025
Refund Initiation07/01/2025
Credit of Shares to Demat Ac08/01/2025
Listing DateLeo Dry Fruits and Spices IPO Lot Size
The Leo Dry Fruits and Spices IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹52 per share, requiring ₹104,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹208,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,04,000 |
| Retail Maximum | 1 | 2000 | ₹1,04,000 |
| HNI Minimum | 2 | 4000 | ₹2,08,000 |
Leo Dry Fruits and Spices IPO Subscription Status
The subscription status for Leo Dry Fruits and Spices IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 68.06x | 394.59x | 154.50x | -- | 181.77x |
IPO Performance on Listing Day
On the listing day (January 8, 2025), Leo Dry Fruits and Spices made a strong debut on the stock exchange. The stock opened at ₹68, delivering an impressive premium of 30.8% over its issue price of ₹52. During the trading session, the stock showed robust momentum, climbing to a high of ₹71.40 while finding support above ₹64.60. The shares ended their first trading day at ₹71.40, securing a substantial gain of 37.3% over the issue price, reflecting positive investor appetite for this FMCG player.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹68 | ₹71.40 | ₹71.40 | ₹64.60 |
Leo Dry Fruits and Spices IPO Company Financials
Leo Dry Fruits and Spices reports robust performance in FY2024 with Total Income of ₹62.17 crores, managing expenses at ₹52.68 crores, and achieving a strong PAT (Profit After Tax) of ₹6.64 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹5.27 | ₹5.16 | ₹0.08 |
| FY 2023 | ₹36.44 | ₹31.12 | ₹3.63 |
| FY 2024 | ₹62.17 | ₹52.68 | ₹6.64 |
About Company
Leo Dryfruits & Spices Trading Limited, established in November 2019, specializes in manufacturing and trading a diverse range of products, including spices, dry fruits, and frozen or semi-fried items. The company markets its products under the brand names “VANDU” for dry fruits, spices, and groceries, and “FRYD” for frozen products. With a manufacturing facility in Thane, Maharashtra, Leo Dryfruits & Spices supplies items such as whole and blended spices, roasted dry fruits, ghee, seasonings, and other grocery goods in various packaging sizes. It operates across three segments: B2B, B2C, and D2C, serving both wholesale traders and direct consumers through distributors, online platforms like Amazon and Flipkart, and its website.
The company’s business is structured around two main verticals: trading dry fruits and frozen products, and manufacturing spices and seasonings. In the B2B segment, it wholesales products in bulk to traders, while in the B2C segment, it sells through distributors, super stockists, and e-commerce channels. The D2C segment allows direct sales to customers via the company’s website and online partners. As of June 2024, the company employs approximately 45 permanent staff and primarily generates revenue from Maharashtra, though it is exploring opportunities to expand into other markets.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2019 | Trading | Kaushik S. Shah |
Know Before Investing
Leo Dry Fruits and Spices IPO Strengths
- The company sources high-quality dry fruits and spices, ensuring authenticity and exceptional flavor.
- With a legacy dating back to the 1950s, Leo Dry Fruits and Spices has extensive experience in the industry.
- The company offers a wide variety of products, catering to both everyday cooking and gourmet culinary needs.
- Direct sourcing from reputable exporters worldwide enhances product quality and reliability.
- Leo emphasizes tamper-proof and adulteration-free products, building trust with consumers.
Leo Dry Fruits and Spices IPO Risks
- Established in 2019, the company has a relatively short operational history, which may pose risks in assessing long-term viability.
- The dry fruits and spices industry is competitive, with numerous established players that could impact market share and pricing.
- Sales may fluctuate based on seasonal demand for dry fruits and spices, affecting revenue stability.
- The company is susceptible to fluctuations in raw material prices, which can impact profit margins.
- Operating in the food industry requires adherence to strict regulations; any non-compliance could lead to penalties or operational disruptions.
Swot Analysis for Leo Dry Fruits and Spices IPO
Strengths
Established Legacy, Premium Quality Products, Diverse Product Range, Strong Global Sourcing
Weaknesses
Limited Brand Recognition, Dependence on Seasonal Demand, Operational Challenges
Opportunities
Growing Health Consciousness, Market Expansion Potential, E-commerce Growth
Threats
Intense Competition, Economic Volatility, Regulatory Compliance Risks
Company Details
Leo Dry Fruits and Spices Trading Ltd
A 812, MIDC Khairane
Thane Belapur Rd, TTC Industrial Area,
Koperkhairane, Thane, 400705
Phone: + 91 9321126141
Email: info@leodryfruitsandspices.com
Website: https://leodryfruitsandspices.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Leo Dry Fruits and Spices IPO are:
- Funding working capital requirements
- Branding, advertising, and marketing
- General corporate purposes
Share India Capital Services Private Limited is the book-running lead managers for the Leo Dry Fruits and Spices IPO.