₹ 104000
₹51- ₹52
2000
₹68
31
3 Jan 2025
Download7 Jan 2025
8 Jan 2025
Application Details
The Leo Dry Fruits and Spices IPO is set to open on January 1, 2025, and close on January 3, 2025. With a face value of ₹10 per share, the price band is fixed at ₹51 to ₹52 per share. Investors can apply in lots of 2,000 shares, and the total issue size comprises 48,30,000 shares, aggregating up to ₹25.12 crore. This IPO is a Book Built Issue and entirely consists of a fresh issue of shares. Post the IPO, the company will be listed on the BSE SME platform.
The IPO allocates shares across various investor categories, with not more than 50% reserved for Qualified Institutional Buyers (QIB), not less than 35% for retail investors, and not less than 15% for Non-Institutional Investors (NII).
The tentative timeline for the IPO includes the basis of allotment finalization on January 6, 2025, with refunds initiated and shares credited to demat accounts on January 7, 2025. The listing date is scheduled for January 8, 2025.
For retail investors, the minimum application size is one lot of 2,000 shares, amounting to ₹1,04,000. High Net Worth Individuals (HNIs) can apply for a minimum of two lots (4,000 shares) at ₹2,08,000.
About Leo Dry Fruits and Spices Trading Limited (SME IPO)
Incorporated in November 2019, Leo Dryfruits & Spices Trading Limited is engaged in the manufacturing and trading of a wide range of spices, dry fruits, and related products. Operating under the brand "VANDU," the company offers whole and blended spices, roasted and flavored dry fruits, ghee, seasonings, and grocery items in various packaging sizes. Additionally, it markets frozen and semi-fried products under the brand “FRYD.”
Leo Dryfruits & Spices operates through two core business verticals: the trading of products and the manufacturing and processing of spices. Its manufacturing unit is located in Thane, Maharashtra. The company serves three primary market segments—B2B, B2C, and D2C.
In the B2B segment, the company supplies whole spices and dry fruits in bulk to traders for unbranded resale. In the B2C segment, products are sold under the "VANDU" brand through distributors, super stockists, e-commerce platforms like Amazon and Flipkart, and its own website. The D2C segment involves direct sales to customers via the company’s website and online platforms such as Amazon and Flipkart.
As of September 30, 2024, Leo Dryfruits & Spices Trading Limited employed approximately 46 permanent staff across various roles, supporting its growing operations and diverse customer base.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.