The Leo Dry Fruits IPO will open for subscription on January 1, 2025, and close on January 3, 2025. The IPO is a book-built issue with a total offering of ₹25.12 crores, consisting entirely of a fresh issue of 48.30 lakh shares.
The allotment for the IPO is expected to be finalized on Monday, January 6, 2025, with the listing slated for Wednesday, January 8, 2025, on the BSE SME.
The price band for the IPO is set between ₹51 to ₹52 per share. Retail investors can apply for a minimum lot of 2000 shares, with the minimum investment amount for them set at ₹1,04,000. High Net-worth Individuals (HNIs) must apply for a minimum of 2 lots (4000 shares), amounting to ₹2,08,000.
Overview of Contents
Leo Dryfruits IPO Overview
| IPO Details | Information |
|---|---|
| IPO Date | January 1, 2025 to January 3, 2025 |
| Listing Date | January 8, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹52 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 48,30,000 shares (aggregating up to ₹25.12 Cr) |
| Fresh Issue | 48,30,000 shares (aggregating up to ₹25.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 1,30,61,440 shares |
| Shareholding Post-Issue | 1,78,91,440 shares |
| Market Maker Portion | 2,46,000 shares |
| DRHP Draft Prospectus | Click here |
| RHP Draft Prospectus | Click here |
Leo Dry Fruits and Spices IPOÂ Lot Size
The Leo Dry Fruits and Spices IPO has a minimum market lot size of 2,000 shares, with an application amount of ₹1,04,000 for retail investors. Below is a breakdown of the application details for different investor categories:
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,04,000 |
| Retail Maximum | 1 | 2,000 | ₹1,04,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,08,000 |
Leo Dry Fruits and Spices IPO Dates
| IPO Open Date | Wednesday, January 1, 2025 |
| IPO Close Date | Friday, January 3, 2025 |
| Basis of Allotment | Monday, January 6, 2025 |
| Initiation of Refunds | Tuesday, January 7, 2025 |
| Credit of Shares to Demat | Tuesday, January 7, 2025 |
| Listing Date | Wednesday, January 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 3, 2025 |
Leo Dry Fruits IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Leo Dry Fruits IPO Promoter Holding
The promoters of Leo Dry Fruits and Spices IPO include Mr. Kaushik Sobhagchand Shah, Mr. Ketan Sobhagchand Shah, and Mr. Parth Ashish Mehta. Below is a summary of the shareholding details of the promoters before and after the issue:
| Shareholding | Pre Issue | Post Issue |
|---|---|---|
| Promoter Holding | 52.21% | 38.11% |
About Leo Dry Fruits IPO
Leo Dryfruits & Spices Trading Limited, established in November 2019, is a leading manufacturer and trader of spices, dry fruits, and grocery products. The company operates under the brands “VANDU” for spices and dry fruits, and “FRYD” for frozen and semi-fried products. With a diverse product range including whole and blended spices, roasted and flavored dry fruits, ghee, and seasonings, Leo Dryfruits serves B2B, B2C, and D2C markets through distributors, e-commerce platforms, and direct-to-consumer sales.
The company has shown significant growth, with a 71% increase in revenue and an 83% rise in profit after tax for the financial year ending March 31, 2024. It operates from its manufacturing unit in Thane, Maharashtra, and employs approximately 46 permanent staff as of September 2024.
Objects of the Issue
- Funding working capital requirements of the company;
- Branding, Advertisement and Marketing activities;
- General corporate purposes
Leo Dryfruits IPO Company Financial Report
Here is a summary of the financial performance of Leo Dryfruits & Spices Trading Limited for the periods ending September 30, 2024, and the previous financial years:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Lakhs) | 6,988.78 | 5,234.95 | 2,664.01 | 1,198.64 |
| Revenue (₹ Lakhs) | 1,788.24 | 6,226.51 | 3,646.83 | 526.54 |
| Profit After Tax (₹ Lakhs) | 187.18 | 663.69 | 363.46 | 7.9 |
| Net Worth (₹ Lakhs) | 3,577.44 | 3,390.26 | 499.91 | 136.45 |
| Reserves & Surplus (₹ Lakhs) | 2,271.29 | 2,084.12 | 370.41 | 6.95 |
| Total Borrowing (₹ Lakhs) | 1,670.06 | 914.64 | 1,537.13 | 601 |
Leo Dryfruits IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 34.12% |
| ROCE: | 33.52% |
| EBITDA Margin: | 17.91% |
| PAT Margin: | 10.68% |
| Debt to equity ratio: | 0.27 |
| Earning Per Share (EPS): | ₹5.21 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.58% |
| Net Asset Value (NAV): | ₹26.63 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Jetmall Spices and Masala Limited | 0.07 | 146.86 | 0.44% | 16.22 | – Cr. |
| HOAC Foods India Limited | 3.88 | 38.71 | 30.53% | 12.69 | – Cr. |
| Madhusudan Masala Ltd | 8.27 | 21.86 | 19.97% | 35.70 | – Cr. |
Leo Dryfruits IPO Registrar
Bigshare Services Pvt. Limited
Phone:Â +91-22-6263 8200
Email:Â ipo@bigshareonline.com
Website:Â https://ipo.bigshareonline.com/IPO_Status.html
Company Address
Leo Dry Fruits and Spices Trading Ltd
A 812, MIDC Khairane
Thane Belapur Rd, TTC Industrial Area,
Koperkhairane, Thane, 400705
Phone:Â + 91 9321126141
Email:Â info@leodryfruitsandspices.com
Website:Â https://leodryfruitsandspices.com/
Leo Dryfruits IPO FAQs
When does the Leo Dry Fruits and Spices IPO open and close?
The IPO opens on January 1, 2025, and closes on January 3, 2025.
What is the price band for the IPO?
The price band is set between ₹51 to ₹52 per share.
What is the lot size for the IPO?
The minimum lot size is 2,000 shares, requiring an investment of ₹1,04,000.
What type of issue is the Leo Dry Fruits IPO?
It is a Book Built Issue IPO.
What is the total issue size of the IPO?
The total issue size is 48.30 lakh shares, aggregating up to ₹25.12 crores.
Where will the IPO be listed?
The IPO will be listed on the BSE SME platform.
When will the IPO allotment be finalized?
The allotment is expected to be finalized on January 6, 2025.
What is the listing date for the IPO?
The IPO is expected to list on January 8, 2025.
Who are the promoters of the company?
The company’s promoters are Mr. Kaushik Sobhagchand Shah, Mr. Ketan Sobhagchand Shah, and Mr. Parth Ashish Mehta.
What is the post-issue promoter holding?
The post-issue promoter holding is expected to be 38.11%.