Leo Dry Fruits and Spices IPO
- IPO Date01 Jan, 2025 to 03 Jan, 2025
- Listing Date08 Jan, 2025
- Face Value₹10 per share
- Issue Price₹51 to ₹52 per share
- Lot Size2000 Shares
- Minimum Investment₹1,04,000
- Listing AtBSE SME
- Total Issue Size48,30,000 Shares
(aggregating up to ₹25.12 Cr) - Fresh Issue48,30,000 Shares
(aggregating up to ₹25.12 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,30,61,440
- Shareholding post issue1,78,91,440
IPO Dates
Closing Date
03 Jan, 2025
Initiation of Refunds
07 Jan, 2025
Listing Date
08 Jan, 2025
01 Jan, 2025
Opening Date
06 Jan, 2025
Basis of Allotment
07 Jan, 2025
Credit of Shares
Leo Dry Fruits and Spices Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 2000 | ₹2,08,000 |
| Retail (Max) | 1 | 2000 | ₹1,04,000 |
| S-HNI (Max) | - | - | - |
Leo Dry Fruits and Spices Promoter Holding
The promoters of the company are Mr. Kaushik Sobhagchand Shah, Mr Ketan Sobhagchand Shah and Mr Parth Ashish Mehta.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 52.21% | 38.11% |
Leo Dry Fruits and Spices COMPANY INFORMATION
Leo Dry Fruits and Spices IPO is a book built issue of Rs 25.12 crores. The issue is entirely a fresh issue of 48.30 lakh shares. Leo Dry Fruits and Spices IPO bidding opened for subscription on January 1, 2025 and will close on January 3, 2025. The allotment for the Leo Dry Fruits and Spices IPO is expected to be finalized on Monday, January 6, 2025. Leo Dry Fruits and Spices IPO will list on BSE SME with tentative listing date fixed as Wednesday, January 8, 2025. Leo Dry Fruits and Spices IPO price band is set at ₹51 to ₹52 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,04,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,08,000. Shreni Shares Limited is the book running lead manager of the Leo Dry Fruits and Spices IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Leo Dry Fruits and Spices IPO is Rikhav Securities Limited.
Incorporated in November 2019, Leo Dryfruits & Spices Trading 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.
Competitive Strength:
- Experienced promoters and management team
- Diversified product portfolio
- In house manufacturing and processing capabilities
- Increased brand equity over the years.
- Wide spread customer base across various segments.
FAQs About Leo Dry Fruits And Spices Ipo
Leo Dry Fruits and Spices IPO will open on 01 Jan, 2025 and close on 03 Jan, 2025. Investors must apply within this period to participate.
The Leo Dry Fruits and Spices IPO price band is set between ₹51.00 and ₹52.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹104000.00.
The Leo Dry Fruits and Spices IPO shares are expected to be listed on 08 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Leo Dry Fruits and Spices IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Leo Dry Fruits and Spices IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.
It is an SME IPO offering ₹25.12 crore worth of shares for expanding the company's operations.
The IPO opens on January 1, 2025, and closes on January 3, 2025.
Retail investors can apply via UPI apps or through ASBA services provided by banks.
The IPO is expected to list on January 11, 2025, on the BSE SME exchange.
The allotment of shares is scheduled for January 8, 2025.