Leo Dry Fruits and Spices Trading
CLOSEDIPO Date: 1 Jan - 3 Jan 2025
Listing Date: 8 Jan 2025
Price Range
₹51 – ₹52 per share
Issue Size
25 Cr
Min Investment
₹1,02,000
Lot Size
2000 Shares
Schedule of Leo Dry Fruits and Spices Trading
Issue open date
1 Jan 2025
Issue close date
3 Jan 2025
UPI mandate deadline
3 Jan 2025 (5 PM)
Allotment finalization
6 Jan 2025
Share credit
7 Jan 2025
Listing date
8 Jan 2025
Mandate end date
18 Jan 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 25 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 6 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 8 Jan 2025 | ₹52 | ₹16 | ₹68 (30.77%) |
| 7 Jan 2025 | ₹52 | ₹16 | ₹68 (30.77%) |
| 6 Jan 2025 | ₹52 | ₹17 | ₹69 (32%) |
| 4 Jan 2025 | ₹52 | ₹20 | ₹72 (38%) |
| 3 Jan 2025 | ₹52 | ₹20 | ₹72 (38%) |
| 2 Jan 2025 | ₹52 | ₹18 | ₹70 (34.62%) |
| 1 Jan 2025 | ₹52 | ₹0 | ₹52 (0%) |
| 31 Dec 2024 | ₹52 | ₹0 | ₹52 (0%) |
Performance Leo Dry Fruits and Spices Trading
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹51 – ₹52 per share | ₹ 72 (37.23%) | ₹ 52.5 | 0.96% |
About Leo Dry Fruits and Spices Trading
Leo Dry Fruits and Spices Trading, under the brands “VANDU” and “FRYD,” specializes in manufacturing, processing, and trading spices, dry fruits, frozen/semi-fried products, and grocery items. Their diverse product range includes whole and blended spices, plain and flavored dry fruits, ghee, seasonings, and snacks like chiz bites. Operating through B2B, B2C, and D2C channels, they distribute via e-commerce platforms, distributors, and direct sales, with associations with police/naval canteens and CSD. Their FSSAI-accredited manufacturing unit in Thane, Maharashtra, ensures quality production, leveraging strategic proximity to raw materials. With recent exclusive distributorship for “MUNCHIN” snacks, they aim to expand nationally and globally, delivering quality products across markets.
| Founded in | 2019 |
| Managing director | Mr. Kaushik Sobhagchand Shah |
| Parent organization | Leo Dryfruits & Spices Trading Ltd |
Financial Overview
Strengths
- Wide product range catering to varied segments
- Manufacturing units near raw material hubs reduce costs
- Strong market presence across B2B, B2C, and D2C
- Experienced promoters with industry ties
Risks
- No long-term vendor agreements for key products
- Sales are heavily concentrated in Maharashtra
- Raw material price fluctuations affect margins
- Dependence on limited machinery and job workers
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 68 |
| Non-Institutional Investors (NIIs) | 394.59 |
| Retail Individual Investors (RIIs) | 154 |
| Employee | N/A |
| Total | 181.77 |