Leo Dry Fruits and Spices Trading Ltd IPO
BSE SMEListed On: Jan 8, 2025 at ₹ 68.0
₹ 208000 /4000 Shares
*Min Investment
01 Jan, 2025
Open Date03 Jan, 2025
Close Date06 Jan, 2025
Allotment Date08 Jan, 2025
Listing DateLeo Dry Fruits and Spices Trading IPO Issue Details
- Issue Price ₹51-52 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 48,30,000 shares(aggregating up to ₹25.12 crore)
- Fresh Share 48,30,000 shares(aggregating up to ₹25.12 crore)
- Listing at BSE SME
- List Price 68.0
- Listing Date 2025-01-08
- Lead Manager Shreni Shares Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,04,000 |
| Retail(max) | 1 | 2000 | ₹1,04,000 |
| NII (min) | 2 | 4000 | ₹2,08,000 |
Leo Dry Fruits and Spices Trading IPO Reservation
Leo Dry Fruits and Spices Trading IPO offers total 48,30,000 shares. Out of which 9,16,000 (18.96%) allocated to QIB, 7,00,000 (14.49%) allocated to NII,16,44,000 (34.04%) allocated to RII, NA (NA%) allocated to employees and 13,24,000 (27.41%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 13,24,000 (27.41%) | |
| Market Maker Shares Offered | 2,46,000 (5.09%) | |
| QIB Shares Offered | 9,16,000 (18.96%) | |
| NII (HNI) Shares Offered | 7,00,000 (14.49%) | |
| Retail Shares Offered | 16,44,000 (34.04%) | |
| Total Shares Offered | 48,30,000 (100%) |
Leo Dry Fruits and Spices Trading IPO Details
Leo Dry Fruits and Spices Trading Ltd IPO is an SME IPO, priced at ₹51-52 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 48,30,000 equity shares, aggregating up to ₹25.12 crores..
The IPO bidding window is open from Jan 1, 2025 to Jan 3, 2025. The allotment is expected to be finalized on Jan 6, 2025, and the tentative listing date is Jan 8, 2025.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,04,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,08,000.
Shreni Shares Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Rikhav Securities Limited will act as the market maker for this issue.
Leo Dry Fruits and Spices Trading IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 9,16,000 / 7,00,000 | 16,44,000 | 32,60,000 |
Day 1 01-01-25 06:00 PM | 0.00 / 1.47 x | 5.36 x | 3.02 x |
Day 2 02-01-25 06:00 PM | 1.00 / 17.35 x | 20.12 x | 14.15 x |
Day 3 03-01-25 06:00 PM | 68.06 / 394.59* x | 154.50 x | 181.77 x |
Leo Dry Fruits and Spices Trading Valuations
Leo Dry Fruits and Spices Trading Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 5,234.95 | 2,664.01 | 1,198.64 |
| Revenue | 6,226.51 | 3,646.83 | 526.54 |
| Profit After Tax | 663.69 | 363.46 | 7.9 |
| Net Worth | 3,390.26 | 499.91 | 136.45 |
| Reserves & Surplus | 2,084.12 | 370.41 | 6.95 |
| Total Borrowing | 914.64 | 1,537.13 | 601.00 |
About Leo Dry Fruits and Spices Trading Company
Incorporated in November 2019, Leo Dryfruits & Spices Trading Limited specializes in manufacturing and trading a variety of spices and dry fruits under the brand VANDU as well as frozen and semi-fried products under “FRYD. The company supplies whole and blended spices, roasted and flavoured dry fruits, ghee, seasonings, and other grocery items in various packaging sizes.
The company's business is divided into two verticals:-
Trading of Products
Manufacturing and Processing of Spices
The company's manufacturing unit is situated in Thane, Maharastra.
The company operates in three segments: B2B, B2C, and D2C.
In the B2B segment, the company wholesales whole spices and dry fruits in bulk to traders for unbranded resale
In the B2C segment, the company sells its products as whole spices, blended spices, dry fruits, and groceries under VANDU through distributors, super stockists, e-commerce platforms like Amazon and Flipkart, and its website.
In the D2C segment, they sell directly to customers through its website and online channel partners such as Amazon, Flipkart etc.
As of September 30, 2024, the Company had approximately 46 permanent employees at various levels.
Leo Dry Fruits and Spices Trading - Promoter(s)
Mr. Kaushik Sobhagchand Shah
Mr Ketan Sobhagchand Shah
Mr Parth Ashish Mehta
Pre Issue Share Holding : 52.21%
Post Issue Share Holding : 38.11%
Leo Dry Fruits and Spices Trading IPO - Issue Objectives
Funding working capital requirements of the company
Branding, Advertisement and Marketing activities
General corporate purposes
Leo Dry Fruits and Spices Trading IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Leo Dry Fruits and Spices Trading Ltd | 5.21 | N/A | 26.63 | 10.23 | 19.58 | 2 | Standalone |
| Jetmall Spices And Masala Ltd | 0.07 | N/A | 16.22 | 156.43 | 0.44 | 0.63 | Standalone |
| Hoac Foods India Limited | 3.88 | N/A | 12.69 | 32.22 | 30.53 | 10.42 | Standalone |
| Madhusudan Masala Limited | 8.27 | N/A | 35.7 | 24.65 | 19.97 | 5.8 | Standalone |
Notes:
- The P/E Ratio for HOAC Foods India Limited and Madhusudan Masala Ltd has been computed based on their respective closing market price on December 16, 2024, and for Jetmall Spices and Masala Limited on its closing market price on December 02, 2024, as divided by the Basic EPS as on March 31, 2024.
- CMP of HOAC Foods India Limited and Madhusudan Masala Ltd is the closing prices or the last traded price of respective scripts as of December 16, 2024, and December 02, 2024, for Jetmall Spices and Masala Limited.
- The Price Band determined by the Company in consultation with the Book Running Lead Manager is justified by our Company in consultation with the Book Running Lead Manager based on the above parameters.
Contact Details
Leo Dry Fruits and Spices Trading
A 812, MIDC Khairane, Thane Belapur Rd, TTC Industrial Area, Koperkhairane, Thane, 400705
+ 91 9321126141
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Leo Dry Fruits and Spices Trading IPO - FAQs
Ans. Leo Dry Fruits and Spices Trading Ltd IPO is a SME IPO. The issue is priced at ₹51-52 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jan 1, 2025, and closes on Jan 3, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Leo Dry Fruits and Spices Trading Ltd IPO opens on Jan 1, 2025 and closes on Jan 3, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Leo Dry Fruits and Spices Trading Ltd IPO is 48,30,000 shares(aggregating up to ₹25.12 Cr).
Ans. The Leo Dry Fruits and Spices Trading Ltd IPO price band is set between ₹51-52 per equity share.
Ans. To apply for Leo Dry Fruits and Spices Trading Ltd IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Leo Dry Fruits and Spices Trading Ltd IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Leo Dry Fruits and Spices Trading Ltd IPO is Jan 6, 2025.
Ans. The Leo Dry Fruits and Spices Trading Ltd IPO will be listed on Jan 8, 2025.
Ans. Follow the steps to check the Leo Dry Fruits and Spices Trading Ltd IPO allotment status online.
