
The Leo Dryfruits IPO will open on January 1, 2025, and close on January 3, 2025. This is a Book Built Issue, through which the company aims to raise approximately ₹25.12 crores. The IPO consists of a fresh issue of ₹25.12 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the Leo Dryfruits IPO is set between ₹51 and ₹52 per share. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO is expected to list on the BSE on January 8, 2025, with the allotment date scheduled for January 6, 2025.
In terms of financial performance, Leo Dryfruits reported a revenue of ₹62.17 crores in 2024, compared to ₹36.44 crores in 2023. The company posted a profit of ₹6.64 crores in 2024, up from ₹3.63 crores in 2023. Based on these financials, investors are advised to consider applying for the IPO with a long-term investment perspective.
Leo Dryfruits IPO Details
- IPO Open Date: January 1, 2025
- IPO Close Date: January 3, 2025
- Face Value: ₹10 per Equity Share
- IPO Price Band: ₹51 to ₹52 per Share
- Issue Size: Approximately ₹25.12 Crores
- Fresh Issue: Approximately ₹25.12 Crores
- Issue Type: Book Built Issue
- IPO Listing: BSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
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Leo Dryfruits IPO Market Lot
The minimum market lot for the Leo Dryfruits IPO is 2,000 shares, with an application amount of ₹1,04,000.
Application Type | Lot Size | Shares | Amount |
---|---|---|---|
Retail Minimum | 1 | 2,000 | ₹1,04,000 |
Retail Maximum | 1 | 2,000 | ₹1,04,000 |
S-HNI Minimum | 2 | 4,000 | ₹2,08,000 |
Leo Dryfruits IPO Dates
The Leo Dryfruits IPO will open on January 1, 2025, and close on January 3, 2025. The IPO allotment will be finalized on January 6, 2025, with the listing on January 8, 2025.
Event | Date |
---|---|
IPO Open Date | January 1, 2025 |
IPO Close Date | January 3, 2025 |
Basis of Allotment | January 6, 2025 |
Refunds | January 7, 2025 |
Credit to Demat Account | January 7, 2025 |
IPO Listing Date | January 8, 2025 |
Promoters of Leo Dryfruits IPO
The promoters of Leo Dryfruits IPO are Mr. Kaushik Sobhagchand Shah, Mr. Ketan Sobhagchand Shah, and Mr. Parth Ashish Mehta.
About Leo Dryfruits IPO
Founded in November 2019, Leo Dryfruits and Spices Trading Limited is a prominent manufacturer and trader of a variety of spices, dry fruits, and other grocery products. The company has been producing spices and dry fruits under the brand name “VANDU” and frozen/semi-fried products under the brand name “FRYD.”
Leo Dryfruits offers a wide range of products, including whole spices, blended spices, plain, roasted, and flavored dry fruits, ghee, seasonings, chiz bites, poppy seeds, and sesame seeds. Additionally, the company produces seasonings such as chili flakes, garlic powder, asafoetida (hing), black salt, pulses, dry ginger, fennel seeds, fenugreek seeds, nigella seeds, mace, and nutmeg, and sells ghee under the “Vandu” brand.
Leo Dryfruits operates across three key business segments: B2B, B2C, and D2C. As of June 30, 2024, the company employed 45 permanent staff members. In the financial year ending March 31, 2024, the company’s revenue grew by 71%, and its profit after tax (PAT) increased by 83%.
Leo Dryfruits IPO Company Financial Report
Leo Dryfruits reported a revenue of ₹62.17 crores in 2024, a significant increase from ₹36.44 crores in 2023. The company’s profit also grew to ₹6.64 crores in 2024, compared to ₹3.63 crores in 2023.
Period Ended | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
---|---|---|---|---|
2022 | ₹5.27 | ₹5.16 | ₹0.08 | ₹11.99 |
2023 | ₹36.44 | ₹31.12 | ₹3.63 | ₹26.64 |
2024 | ₹62.17 | ₹52.68 | ₹6.64 | ₹52.35 |
Leo Dryfruits IPO Valuation – FY2024
Here are the key valuation metrics for Leo Dryfruits IPO:
KPI | Value |
---|---|
Return on Equity (ROE) | 34.12% |
Return on Capital Employed (ROCE) | 33.52% |
EBITDA Margin | 17.91% |
Profit After Tax (PAT) Margin | 10.68% |
Debt to Equity Ratio | 0.27 |
Earnings Per Share (EPS) | ₹5.21 (Basic) |
Price/Earnings (P/E) Ratio | N/A |
Return on Net Worth (RoNW) | 19.58% |
Net Asset Value (NAV) | ₹26.63 |
Peer Group Comparison
Below is a comparison of Leo Dryfruits with its peers in the industry:
Company | EPS | PE Ratio | RoNW % | NAV (₹) | Income |
---|---|---|---|---|---|
Jetmall Spices and Masala Limited | 0.07 | 146.86 | 0.44% | 16.22 | – Cr. |
HOAC Foods India Limited | 3.88 | 38.71 | 30.53% | 12.69 | – Cr. |
Madhusudan Masala Ltd | 8.27 | 21.86 | 19.97% | 35.70 | – Cr. |
Objects of the Issue
- To fund the working capital requirements of the company
- For branding, advertising, and marketing activities
- For general corporate purposes
Leo Dryfruits IPO Review
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Leo Dryfruits IPO Registrar
Bigshare Services Pvt. Limited
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: Bigshare IPO Status
IPO Lead Managers (Merchant Bankers)
- Share India Capital Services Private Limited
Company Address
Leo Dry Fruits and Spices Trading Ltd
A 812, MIDC Khairane,
Thane Belapur Rd, TTC Industrial Area,
Koperkhairane, Thane, 400705
Phone: +91 9321126141
Email: info@leodryfruitsandspices.com
Website: Leo Dryfruits and Spices
FAQs for Leo Dryfruits IPO
What is Leo Dryfruits IPO?
Leo Dryfruits IPO is an SME IPO in which the company aims to raise ₹25.12 Crores. The issue price is ₹51 to ₹52 per equity share, and the IPO will be listed on BSE.
When will the Leo Dryfruits IPO open for subscription?
The IPO will open on January 1, 2025, for QIB, NII, and Retail Investors and close on January 3, 2025.
What is the investor portion for Leo Dryfruits IPO?
- QIB: 50%
- NII: 15%
- Retail: 35%
How to apply for the Leo Dryfruits IPO?
You can apply for the Leo Dryfruits IPO via ASBA online through your bank account or via UPI through your stockbroker. Alternatively, you can apply by filling out an offline form through your stockbroker.
What is the issue size of the Leo Dryfruits IPO?
The issue size of the Leo Dryfruits IPO is ₹25.12 crores.
What is the price band for Leo Dryfruits IPO?
The price band for the Leo Dryfruits IPO is ₹51 to ₹52 per equity share.
What is the lot size for Leo Dryfruits IPO?
The minimum bid is for 2,000 shares, with an application amount of ₹1,04,000.
What is the allotment date for Leo Dryfruits IPO?
The IPO allotment date is January 6, 2025.
What is the listing date for Leo Dryfruits IPO?
The IPO listing date is January 8, 2025, and it will be listed on BSE.