Leo Dry Fruits and Spices IPO : Date GMP Price

Leo Dry Fruits and Spices Trading Private Limited, an SME IPO, is set to launch its initial public offering (IPO) with a total issue size of Rs.25.12 crore (48.30 lakh shares). The company, which sells a wide range of spices and dry fruits under the VANDU brand, will be offering its shares at a price range of Rs.51 to Rs.52 per share. The IPO is scheduled to open on January 1, 2025, and close on January 3, 2025, with a listing date set for January 8, 2025, at the BSE SME.

Leo Dry Fruits and Spices: Business Overview

Leo Dry Fruits and Spices ipo, founded in 2019, operates across two main verticals: trading products and manufacturing/processing of spices. The company offers a variety of products such as whole and blended spices, roasted dry fruits, ghee, seasonings, and other grocery items. The company uses multiple distribution channels, including B2B, B2C, and D2C models, ensuring wide market reach through wholesalers, distributors, and direct-to-consumer sales via e-commerce platforms like Amazon and Flipkart.

IPO Details

• Issue Size: Rs.25.12 crore (48.30 lakh shares)

• Price Range: Rs.51 to Rs.52 per share

• Face Value: Rs.10 per share

• Lot Size: 2,000 shares (Rs.104,000 minimum for retail investors)

• IPO Opening Date: January 1, 2025

• IPO Closing Date: January 3, 2025

• Listing Date: January 8, 2025

• Listing at: BSE SME

Company Financials

Leo Dry Fruits and Spices has shown strong growth, with a revenue increase of 71% and a profit after tax (PAT) rise of 83% in FY 2023-24. The company is backed by a solid manufacturing unit in Thane, Maharashtra, which helps support its diverse range of products.

IPO Objective

The proceeds from the IPO will be used for financing working capital, marketing and branding, and general corporate purposes.

Leo Dry Fruits IPO GMP

As of December 28, 2024, the Leo Dry Fruits and Spices IPO GMP (Grey Market Premium) is Rs.0. The listing price is expected to be Rs.52 based on the issue price.

IPO Timetable (Tentative)

• IPO Opening Date: January 1, 2025

• IPO Closing Date: January 3, 2025

• IPO Allotment Date: January 6, 2025

• Refund Initiation: January 7, 2025

• IPO Listing Date: January 8, 2025

Investment Opportunity

Leo Dry Fruits and Spices IPO offers a promising opportunity for investors in the food and spices sector. With a reasonable price range and a competitive P/E ratio of 9.98x compared to the industry’s average of 71.10x, this IPO could be an attractive investment option.

Conclusion

The Leo Dry Fruits IPO Review stands as an exciting SME offering with a diversified product catalog and strong regional presence. Despite a few risks, such as reliance on key personnel and regional dependence, the company’s growth trajectory and pricing make it a solid investment option for those looking to invest in the food sector.