The Leo Dry Fruits and Spices IPO has garnered considerable attention as it enters the SME IPO space. With its strong financial growth and diversified product portfolio, it presents a promising investment opportunity. This IPO is of particular interest to investors tracking IPO GMP, Watch IPO, and other stock market trends.
This detailed guide provides insights into the IPO’s key features, business strengths, financials, and subscription details, helping you make an informed decision.
About Leo Dry Fruits and Spices Trading Ltd
Leo Dry Fruits and Spices Trading Ltd, incorporated in November 2019, specializes in the manufacturing and trading of spices, dry fruits, and grocery products. The company operates under two prominent brands:
• VANDU: Focused on spices and dry fruits.
• FRYD: Offering frozen and semi-fried products.
The company caters to a wide customer base across three business verticals:
1. B2B (Business-to-Business): Supplies unbranded spices and dry fruits in bulk to traders.
2. B2C (Business-to-Consumer): Markets branded products to retail consumers via distributors, super stockists, and e-commerce platforms like Amazon and Flipkart.
3. D2C (Direct-to-Consumer): Direct sales through its website and online marketplaces.
Leo Dry Fruits’ manufacturing unit, located in Thane, Maharashtra, ensures efficient production and quality control.
Key Strengths of Leo Dry Fruits and Spices
1. Diverse Product Portfolio: The company offers a wide range of products, including whole and blended spices, roasted and flavored dry fruits, ghee, and other groceries.
2. Experienced Promoters: Led by Mr. Kaushik Sobhagchand Shah, Mr. Ketan Sobhagchand Shah, and Mr. Parth Ashish Mehta, the company benefits from a skilled management team.
3. Established Market Presence: With its strong brand equity and diverse distribution channels, Leo Dry Fruits has captured a broad customer base.
4. Financial Growth: The company has shown impressive financial performance, with substantial revenue and profit growth over the past two years.
5. Competitive Business Model: Operating across B2B, B2C, and D2C segments ensures revenue stability and market resilience.
Leo Dry Fruits and Spices IPO Details
The Leo Dry Fruits and Spices IPO is a book-built issue with the following specifications:
Parameter Details
IPO Size ₹25.12 Crores (Fresh Issue)
Price Band ₹51 to ₹52 per share
Lot Size 2,000 Shares
Minimum Investment ₹1,04,000 (Retail)
IPO Opening Date January 1, 2025
IPO Closing Date January 3, 2025
Allotment Date January 6, 2025
Listing Date January 8, 2025
Listing Platform BSE SME
Market Maker Rikhav Securities Limited
Registrar Bigshare Services Pvt. Ltd.
Subscription Details and Reservations
The IPO is reserved for retail investors, qualified institutional buyers (QIBs), non-institutional investors (NIIs), and anchor investors.
Investor Category Shares Offered Percentage
Retail Investors 16,44,000 34.04%
NII (HNI) 7,00,000 14.49%
QIB 9,16,000 18.96%
Anchor Investors 13,24,000 27.41%
Leo Dry Fruits IPO GMP
One of the key indicators of an IPO’s market sentiment is its Grey Market Premium (GMP). Platforms like IPO GMP, Watch IPO, and IPO Watch track GMP trends to help investors gauge the potential listing gains.
Currently, the Leo Dry Fruits IPO shows moderate GMP activity, reflecting steady interest among retail and HNI investors. Keeping an eye on ipogmp.in and ipowatch.in can provide the latest updates on GMP and subscription performance.
Financial Highlights
Leo Dry Fruits and Spices has demonstrated consistent financial growth, making it a compelling investment choice.
Year Revenue (₹ Cr) Profit After Tax (₹ Cr) Net Worth (₹ Cr)
FY2022 526.54 7.90 136.45
FY2023 3,646.83 363.46 499.91
FY2024 6,226.51 663.69 3,390.26
H1 FY2025 1,788.24 187.18 3,577.44
Key Performance Indicators (FY2024):
• Return on Equity (ROE): 34.12%
• Return on Capital Employed (ROCE): 33.52%
• Debt-to-Equity Ratio: 0.27
• Price-to-Earnings (P/E) Ratio: 14.02
IPO Objectives
The company aims to utilize the net proceeds from the IPO for:
1. Working Capital Requirements: Expanding operations and managing cash flow.
2. Branding and Marketing: Enhancing brand visibility across markets.
3. General Corporate Purposes: Supporting operational and strategic growth.
Reasons to Invest in Leo Dry Fruits IPO
1. Strong Growth Trajectory: The company’s revenue and profit margins have consistently improved, demonstrating its market potential.
2. Diverse Revenue Streams: Operating across B2B, B2C, and D2C segments mitigates risks and ensures stable earnings.
3. Brand Recognition: Products under VANDU and FRYD have established a loyal customer base.
4. Robust Financials: Healthy ROE, ROCE, and low debt-to-equity ratio indicate financial stability.
5. Positive Market Sentiment: Moderate Grey Market Premium suggests good listing prospects.
Important Dates to Remember
Event Date
IPO Opening Date January 1, 2025
IPO Closing Date January 3, 2025
Allotment Finalization January 6, 2025
Refund Initiation January 7, 2025
Credit of Shares January 7, 2025
Listing Date January 8, 2025
How to Track Leo Dry Fruits IPO GMP and Allotment Status
To stay updated on Leo Dry Fruits IPO GMP, allotment status, and subscription performance, use trusted platforms like ipogmp.in, ipowatch.in, and watchipogmp.in. These sites provide real-time insights into Grey Market Premium, subscription numbers, and other critical IPO data.
For allotment status, visit the BSE website or the registrar’s portal (Bigshare Services Pvt. Ltd.).
Conclusion
The Leo Dry Fruits and Spices IPO offers a unique opportunity for investors seeking exposure to a fast-growing FMCG company. With its strong financials, experienced management, and diversified business model, the IPO shows potential for medium- to long-term gains.
Stay informed with platforms like IPO GMP, Watch IPO, and IPO Watch to monitor this IPO’s performance and make timely investment decisions.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Always consult a financial advisor before making investment decisions.
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