Leo Dryfruits and Spices Trading Limited is gearing up to launch its public offering. The IPO will open on 1 January, 2025 (Wednesday), and close on 3 January, 2025 (Friday). This is a Book Built Issue IPO, with the company aiming to raise up to ₹25.12 crores.
The issue consists of a total of 48,30,000 equity shares, entirely a Fresh Issue worth ₹25.12 crores. There is no Offer for Sale in this IPO. The shares have a face value of ₹10 each, with a price band of ₹51 to ₹52 per share. Investors can participate by bidding for a minimum lot size of 2,000 shares.
The IPO will be listed on the BSE SME exchange, with a market maker portion of 2,46,000 shares.
Leo Dryfruits and Spices Trading Limited has been delivering quality and trust since the 1950s. The company sources the finest dry fruits and spices from trusted producers worldwide, ensuring every product is pure, fresh, and full of flavor.
With its brands, Vandu Spices for authentic spice blends and FRYD Foods for tasty frozen snacks, Leo has made it easy to enjoy healthy and delicious meals. The company has been dedicated to the quality and authenticity of its products. Through its best efforts, Leo continues to bring the best flavors to kitchens everywhere.
IPO Key Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | 1 January, 2025 (Wednesday) |
| IPO Close Date | 3 January, 2025 (Friday) | |
| Pricing Information | Face Value | ₹10 per share |
| Price Band | ₹51 to ₹52 per share | |
| Offer Structure | Total Issue Size | 48,30,000 shares (amounting up to ₹25.12 Cr) |
| Fresh Issue | 48,30,000 shares (amounting up to ₹25.12 Cr) | |
| Offer for Sale | N/A | |
| Investor Details | Lot Size | 2,000 Shares |
| Listing Exchange | BSE SME | |
| IPO Type | Book Built Issue IPO | |
| Market Maker Portion | 2,46,000 shares |
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | 1 January, 2025 (Wednesday) |
| IPO Closing Date | 3 January, 2025 (Friday) |
| Basis of Allotment | 6 January, 2025 (Monday) |
| Initiation of Refunds | 7 January, 2025 (Tuesday) |
| Credit of Shares to Demat | 7 January, 2025 (Tuesday) |
| Date of Allotment | 6 January, 2025 (Monday) |
| Listing Date | 8 January, 2025 (Wednesday) |
What is GMP of Leo Dry Fruits & Spices IPO Today?
As of December 27, 2024, the Grey Market Premium (GMP) for the Leo Dry Fruits & Spices IPO is ₹*. This indicates that the shares are expected to list at approximately ₹* per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financials
| Particulars | 30 Sep 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Assets | 6,988.78 | 5,234.95 | 2,664.01 | 1,198.64 |
| Revenue | 1,788.24 | 6,226.51 | 3,646.83 | 526.54 |
| Profit After Tax | 187.18 | 663.69 | 363.46 | 7.9 |
| Net Worth | 3,577.44 | 3,390.26 | 499.91 | 136.45 |
| Reserves and Surplus | 2,271.29 | 2,084.12 | 370.41 | 6.95 |
| Total Expense | 1,520.64 | 5,267.83 | 3,111.57 | 515.55 |
Company’s Key Performance Indicators
| Key Performance Indicator | Value |
|---|---|
| Return on Equity (ROE) | 34.12% |
| Return on Capital Employed (ROCE) | 33.52% |
| Debt to Equity Ratio | 0.27 |
| Return on Net Worth (RoNW) | 19.58% |
| EBITDA Margin (%) | 17.91% |
| After Tax Profit Margin (%) | 10.68% |
| Net Asset Value (NAV) | ₹25.96 |
| Earnings Per Share (EPS) | ₹5.21 |
| Price to Book Value (P/BV) | 1.95 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 2,000 | ₹1,04,000 |
| Retail Investor (Maximum Lot) | 1 | 2,000 | ₹1,04,000 |
| HNI Investor (Minimum Lot) | 2 | 4,000 | ₹2,08,000 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 50% of the Net Offer |
| Shares Reserved for Retail Investors | 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | 15% of the Net Offer |
Net Cash Flow Generated
| Activity | 30 Sep 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Net Cash from Operating Activities | -642.62 | -1,457.04 | -818.00 | -270.40 |
| Net Cash from Investing Activities | -58.03 | -29.34 | -139.02 | -382.25 |
| Net Cash from Financing Activities | 694.51 | 1,489.89 | 891.89 | 729.50 |
Product wise Revenue Breakdown
| Product Category | 30 Sep 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Whole Spices | 1,583.90 | 4,850.09 | 2,957.04 | 477.84 |
| Blended Spices | 21.62 | 31.11 | 15.10 | NA |
| Dry Fruits | 155.46 | 1,241.04 | 652.99 | 48.70 |
| Frozen/Semi-Fried Products | 2.82 | 2.47 | NA | NA |
| Other Grocery Products | 24.32 | 91.88 | 18.83 | NA |
| Total | 1,788.12 | 6,216.59 | 3,643.96 | 526.54 |
Transaction wise Revenue Breakdown
| Particulars | 30 Sep 2024 (₹ Lakhs) | FY 24 (₹ Lakhs) | FY 23 (₹ Lakhs) | FY 22 (₹ Lakhs) |
|---|---|---|---|---|
| B2B | 1,695.19 | 4,798.01 | 3,159.56 | 526.54 |
| B2C | 29.25 | 1,056.25 | 264.45 | Nil |
| D2C (Direct Sales to Customer) | 63.68 | 362.33 | 219.95 | Nil |
| Total | 1,788.12 | 6,216.59 | 3,643.96 | 526.54 |
Key Objectives of this IPO
The fund raised through this IPO will be used for the following purposes.
- To fund the working capital requirements.
- For the marketing, branding and advertising activities.
- General Corporate Purposes.
Frequently Asked Questions
- What are the opening and closing dates for the Leo Dryfruits & Spices Trading Limited public offering?
The issue opens on 1 January, 2025, and closes on 3 January, 2025. - What is the issue price for the Leo Dryfruits & Spices Trading Limited public issue?
The issue price is ₹51 to ₹52 per equity share. - What is the lot size for retail investors in this offer?
Retail investors can bid for a minimum of 2,000 shares, amounting to ₹1,04,000 (at the upper price band). - Who is the lead manager for this public offering?
The lead manager is Shreni Shares Limited. - Who is the registrar for the Leo Dryfruits & Spices Trading Limited public issue?
The registrar is Bigshare Services Private Limited. - What are the main objectives of this offer?
The funds raised through this issue will be utilized for funding working capital requirements and general corporate purposes. - On which stock exchange will the shares be listed?
The shares of Leo Dryfruits & Spices Trading Limited are proposed to be listed on BSE SME. - What is the total issue size for the Leo Dryfruits & Spices Trading Limited public offering?
The total issue size is 48,30,000 equity shares. - When will the allotment and refund process begin?
The allotment date is 6 January, 2025, and refunds will begin on 7 January, 2025. - When will the shares be credited to the Demat account?
Shares will be credited to the Demat accounts on 7 January, 2025. - What is the expected listing date for the offer?
The shares are expected to list on 8 January, 2025.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Leo Dry Fruits & Spices IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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