Leo Dry Fruits and Spices IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 01 to Jan 03 2025
Price Band
₹51 - 52
Current GMP
₹68(30.77%)
Subscription
181.77 times
IPO Details
| IPO Date | January 1, 2025 to January 3, 2025 |
| Listing Date | Wednesday, 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 |
| Share Holding Pre Issue | 1,30,61,440 shares |
| Share Holding Post Issue | 1,78,91,440 shares |
| Market Maker Portion | 2,46,000 sharesRikhav Securities Limited |
IPO Date
January 1, 2025 to January 3, 2025
Listing Date
Wednesday, 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
Share Holding Pre Issue
1,30,61,440 shares
Share Holding Post Issue
1,78,91,440 shares
Market Maker Portion
2,46,000 sharesRikhav Securities Limited
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 68.06 |
| Non-Institutional Buyers*** | 394.59 |
| Retail Investors | 154.5 |
| Total ** | 181.77 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
68.06
Non-Institutional Buyers***
394.59
Retail Investors
154.5
Total **
181.77
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jan 1, 2025 | 0 | 1.47 | 5.36 | 3.02 |
| Day 2 Jan 2, 2025 | 1 | 17.35 | 20.12 | 14.15 |
| Day 3 Jan 3, 2025 | 68.06 | 394.59 | 154.5 | 181.77 |
DayDay 1
Jan 1, 2025
QIB0
NII*1.47
Retail5.36
Total3.02
DayDay 2
Jan 2, 2025
QIB1
NII*17.35
Retail20.12
Total14.15
DayDay 3
Jan 3, 2025
QIB68.06
NII*394.59
Retail154.5
Total181.77
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-01-2025 | 52.00 | 16(30.77%) | 68 |
| 07-01-2025 | 52.00 | 16(30.77%) | 68 |
| 06-01-2025 | 52.00 | 17(32.69%) | 69 |
| 05-01-2025 | 52.00 | 20(38.46%) | 72 |
| 04-01-2025 | 52.00 | 20(38.46%) | 72 |
| 03-01-2025 | 52.00 | 20(38.46%) | 72 |
| 02-01-2025 | 52.00 | 18(34.62%) | 70 |
| 01-01-2025 | 52.00 | 0(0%) | 52 |
| 31-12-2024 | 52.00 | 0(0%) | 52 |
| 30-12-2024 | 52.00 | 0(0%) | 52 |
| 29-12-2024 | 52.00 | 0(0%) | 52 |
| 28-12-2024 | 52.00 | 0(0%) | 52 |
| 27-12-2024 | 52.00 | 0(0%) | 52 |
| 26-12-2024 | 52.00 | 0(0%) | 52 |
| 25-12-2024 | 52.00 | 0(0%) | 52 |
| 24-12-2024 | 52.00 | 0(0%) | 52 |
Date08-01-2025
Price52.00
GMP16(30.77%)
Estimate List Price68
Date07-01-2025
Price52.00
GMP16(30.77%)
Estimate List Price68
Date06-01-2025
Price52.00
GMP17(32.69%)
Estimate List Price69
Date05-01-2025
Price52.00
GMP20(38.46%)
Estimate List Price72
Date04-01-2025
Price52.00
GMP20(38.46%)
Estimate List Price72
Date03-01-2025
Price52.00
GMP20(38.46%)
Estimate List Price72
Date02-01-2025
Price52.00
GMP18(34.62%)
Estimate List Price70
Date01-01-2025
Price52.00
GMP0(0%)
Estimate List Price52
Date31-12-2024
Price52.00
GMP0(0%)
Estimate List Price52
Date30-12-2024
Price52.00
GMP0(0%)
Estimate List Price52
Date29-12-2024
Price52.00
GMP0(0%)
Estimate List Price52
Date28-12-2024
Price52.00
GMP0(0%)
Estimate List Price52
Date27-12-2024
Price52.00
GMP0(0%)
Estimate List Price52
Date26-12-2024
Price52.00
GMP0(0%)
Estimate List Price52
Date25-12-2024
Price52.00
GMP0(0%)
Estimate List Price52
Date24-12-2024
Price52.00
GMP0(0%)
Estimate List Price52
IPO Important 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 |
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
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,04,000 |
| Retail (Max) | 1 | 2000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹1,04,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹1,04,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹2,08,000
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 6,988.78 | 5,234.95 | 2,664.01 |
| Revenue | 1,788.24 | 6,226.51 | 3,646.83 |
| Profit After Tax | 187.18 | 663.69 | 363.46 |
| Net Worth | 3,577.44 | 3,390.26 | 499.91 |
| Reserves and Surplus | 2,271.29 | 2,084.12 | 370.41 |
| Total Borrowing | 1,670.06 | 914.64 | 1,537.13 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 20246,988.78
31 Mar 20245,234.95
31 Mar 20232,664.01
Period EndedRevenue
30 Sep 20241,788.24
31 Mar 20246,226.51
31 Mar 20233,646.83
Period EndedProfit After Tax
30 Sep 2024187.18
31 Mar 2024663.69
31 Mar 2023363.46
Period EndedNet Worth
30 Sep 20243,577.44
31 Mar 20243,390.26
31 Mar 2023499.91
Period EndedReserves and Surplus
30 Sep 20242,271.29
31 Mar 20242,084.12
31 Mar 2023370.41
Period EndedTotal Borrowing
30 Sep 20241,670.06
31 Mar 2024914.64
31 Mar 20231,537.13
IPO Reservation
| 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%) |
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%)
Information about 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.
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.
Objectives of IPO
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Funding working capital requirements of the company;
Branding, Advertisement and Marketing activities;
General corporate purposes
Disclaimer
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