IPO Issue Details
Issue Price / Price Band₹52 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size48,30,000 shares (aggregating up to ₹25.12 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 01 Jan 2025
Subscription CloseFri, 03 Jan 2025
Anchor AllotmentTue, 31 Dec 2024
Basis of AllotmentMon, 06 Jan 2025
Initiation of RefundsTue, 07 Jan 2025
Credit of Shares to DematTue, 07 Jan 2025
Listing DateWed, 08 Jan 2025
UPI Mandate Deadline2025-01-03
Application & Investment Details
Retail — Min (1 Lots)104000 — 2000 shares
Retail — Max (13 Lots)₹1,352,000 (13 Lots)
HNI — Min (2 Lots)208000 — 4000 shares
EPS (Pre-IPO)₹5.08
EPS (Post-IPO)₹3.71
P/E Ratio (Pre-IPO)10.23x
P/E Ratio (Post-IPO)14.02x
Net Offer to Public45,84,000 shares (aggregating up to ₹23.84 Cr)
Reserved for Market Maker2,46,000 shares (aggregating up to ₹1.28 Cr)
Pre-IPO Promoter Holding1,30,61,440 shares
Post-IPO Promoter Holding1,78,91,440 shares
About Leo Dryfruits & Spices Trading Ltd.
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 ProductsManufacturing and Processing of SpicesThe 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 resaleIn 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 teamDiversified product portfolioIn house manufacturing and processing capabilitiesIncreased brand equity over the years.Wide spread customer base across various segments
Objects of the Issue
Leo Dryfruits & Spices Trading Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding working capital requirements of the company
2
Branding, Advertisement and Marketing activities
3
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,30,61,440 shares
Post-IPO Promoter Holding
1,78,91,440 shares