Leo Dry Fruits and Spices IPO Details
The Leo Dry Fruits and Spices IPO is a book build issue with a total issue size of ₹25.12 cr, comprising of fresh issue of 4830000 equity shares. Leo Dry Fruits and Spices IPO opened for subscription on Jan 01, 2025 and closed on Jan 03, 2025. Leo Dry Fruits and Spices IPO is set price band at ₹51 to ₹52 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹208,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 06, 2025, and listed on both the NSE and BSE on Jan 08, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Share India Capital Services Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Leo Dry Fruits and Spices IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 51 – 52
- Lot Size
- 2000
- Issue Size
- ₹25.12 Cr
- Minimum Investment
- ₹208000 (4000 Shares)
- Listing Date
- 08 January 2025
Current GMP
₹16 (+30.77%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Leo Dry Fruits and Spices Trading Ltd
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.
Leo Dry Fruits and Spices IPO 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%
Leo Dry Fruits and Spices IPO Objective
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
Book Running Lead Managers
- Share India Capital Services Private Limited
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 with a total issue size of ₹25.12 crore. The Leo Dry Fruits and Spices IPO price band is ₹51 to 52 per share. The Leo Dry Fruits and Spices IPO subscription opens on Wed, Jan 1, 2025, and closes on Fri, Jan 3, 2025. The Leo Dry Fruits and Spices IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Leo Dry Fruits and Spices IPO.
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 per share.
Leo Dry Fruits and Spices IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹208000 based on the upper price band
The minimum investment for Leo Dry Fruits and Spices IPO is ₹208000, based on one lot of 2000 shares at the upper price band of ₹52 per share.
Investors can apply for the Leo Dry Fruits and Spices IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jan 3, 2025. The application amount remains blocked until the Leo Dry Fruits and Spices IPO allotment is finalized.
Leo Dry Fruits and Spices IPO issue size is ₹25.12 crores.
Leo Dry Fruits and Spices IPO allotment date is Wed, Jul 1, 2026.
The registrar for Leo Dry Fruits and Spices IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Leo Dry Fruits and Spices IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.