Leo Dry Fruits and Spices IPO
Open SmeCurrent GMP
₹16 (+30.77%)
Price Band
₹ 51 – 52
Lot Size
2000
Issue Size
₹25.12 Cr
Minimum Investment
₹208000 (4000 Shares)
Listing Date
08 January 2025
Subscription
169.08x
About the Company
Leo Dry Fruits and Spices Trading Ltd is involved in the manufacturing, trading, and marketing of a wide range of spices, dry fruits, frozen/semi-fried products, and other grocery items. The company operates under two key brand names: “VANDU” for its spices, dry fruits, and grocery products, and “FRYD” for its frozen/semi-fried items. Its product offerings include whole and blended spices, roasted and flavored dry fruits, ghee, seasonings, pulses, and various other grocery products. Leo Dry Fruits and Spices also acts as an anchor distributor for Campa Cola.
The company operates in two business verticals: trading and manufacturing/processing. It supplies spices and dry fruits in bulk, both branded and unbranded, and processes blended spices and other products like chiz bites and seasonings at its manufacturing unit in Thane, Maharashtra. The manufacturing facility is FSSAI-certified and strategically located to facilitate easy access to raw materials. The company ensures high-quality standards by using natural processes to retain the natural properties of food products.
Promoted by Mr. Kaushik Sobhagchand Shah, Mr. Ketan Sobhagchand Shah, and Mr. Parth Ashish Mehta, the company benefits from their extensive experience in the industry, with the founders having over 26 years of combined experience in spices and dry fruits trading. Leo Dry Fruits and Spices primarily serves the B2B, B2C, and D2C segments. It sells products through distributors, e-commerce platforms like Amazon and Flipkart, and directly to consumers via its website.
In addition to catering to local markets, the company has expanded its reach to the Indian Police Canteens, Indian Naval Canteen, and the Canteen Store Department (CSD), supplying products to soldiers nationwide. The company sources its raw materials from both domestic and international markets, ensuring quality control at every stage of production.
While its primary market is Maharashtra, Leo Dry Fruits and Spices plans to expand its operations to other states in India and international markets. In the financial year 2024, a significant portion of its sales (96.71%) came from Maharashtra.
Promoters
- Mr. Kaushik Sobhagchand Shah
- Mr Ketan Sobhagchand Shah
- Mr Parth Ashish Mehta.
Promoters Holding
Holding Pre Issue
52.21%
Holding Post Issue
38.11%
Objects of the Issue
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
Address / Contact Info
Leo Dry Fruits and Spices Trading Ltd
A 812, MIDC Khairane, Thane
Belapur Rd, TTC Industrial Area,
Koperkhairane, Thane,
Maharashtra-400705
Phone: + 91 9321126141
Email: info@leodryfruitsandspices.com
Website: https://leodryfruitsandspices.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 01 January 2025
IPO Close Date
Friday, 03 January 2025
Basis of Allotment
Monday, 06 January 2025
Initiation of Refunds
Tuesday, 07 January 2025
Credit of Shares to Demat
Tuesday, 07 January 2025
Listing Date
Wednesday, 08 January 2025 — NSE & BSE
Important Dates
Open Date
01 January 2025
Close Date
03 January 2025
Basis Of Allotment
06 January 2025
Listing Date
08 January 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 5234.95 | 2664.01 | 1198.64 |
| Revenue | 6226.51 | 3646.83 | 526.54 |
| Profit After Tax | 663.69 | 363.46 | 7.9 |
| Net Worth | 3390.26 | 499.91 | 136.45 |
| Reserve & Surplus | 2084.12 | 370.41 | 6.95 |
| Total Borrowings | 914.64 | 1537.13 | 601 |
EPS Pre
5.08%
EPS Post
3.71%
P/E Pre
10.23
P/E (Post Issue)
14.02x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 34.12 |
| ROCE % | 33.52 |
| Debt / Equity | 0.27 |
| RoNW % | 19.58 |
| PbW | 0 |
| Pat Margin % | 10.68 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 246000 | 0 | 0 |
| Anchor Investors | 1324000 | 0 | 0 |
| Qualified Institutions | 916000 | 0 | 0 |
| Non-Institutional | 946000 | 0 | 0 |
| Retail Investors | 1644000 | 0 | 0 |
| Total | 4830000 | 0 | 0 |
Subscription Status ( Fri, 03 Jan 25 01:29 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 916000 | 62344000 | 68.06x |
| Non-Institutional | 946000 | 276462000 | 292.24x |
| Retail Investors | 1644000 | 254004000 | 154.5x |
| Total | 3506000 | 592810000 | 169.08x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 104,000.00 |
| Retail (Max) | 1 | 2,000 | 104,000.00 |
| S-HNI (Min) | 2 | 4,000 | 208,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Share India Capital Services Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Leo Dry Fruits and Spices IPO is a Book-building IPO worth ₹25.12 crores. The price band is ₹51 to 52 per share. The IPO opens on Wed, Jan 1, 2025 and closes on Fri, Jan 3, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Leo Dry Fruits and Spices IPO opens on Wed, Jan 1, 2025 and closes on Fri, Jan 3, 2025
Leo Dry Fruits and Spices IPO Price Band is ₹51 to 52.
Leo Dry Fruits and Spices IPO lot size is 2000, and the minimum amount required for application is ₹208000.
The minimum investment for Leo Dry Fruits and Spices IPO is approximately ₹208000 based on the upper price band.
To apply for the Leo Dry Fruits and Spices IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jan 3, 2025. After submission, funds are blocked until the basis of allotment of Leo Dry Fruits and Spices IPO is finalised.
Leo Dry Fruits and Spices IPO issue size is ₹25.12 crores.
Leo Dry Fruits and Spices IPO allotment date is Sat, Jun 27, 2026.
The registrar for Leo Dry Fruits and Spices IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Leo Dry Fruits and Spices IPO through their official website or helpline.
The Leo Dry Fruits and Spices IPO GMP (Grey Market Premium) is ₹16 as of Wed, Jan 8, 2025. Based on the upper price band of ₹52 per share, the estimated Leo Dry Fruits and Spices IPO listing price is ₹68, indicating a potential listing gain of approximately 31% over the issue price.