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 flavored dry fruits, ghee, seasonings, and other grocery items in various packaging sizes.
The company’s business is divided into two verticals:
- Trading of Products
- Manufacturing and Processing of Spices
The 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 resale
- In 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.
Leo Dry Fruits and Spices IPO – Details
| IPO Opening Date | 01 January 2024 |
| IPO Closing Date | 03 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 48,30,000 Shares Worth ₹25.12 Crore Fresh Issue: 48,30,000 Shares Worth ₹25.12 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 – ₹52 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Leo Dry Fruits and Spices IPO – Date Schedule
| IPO Open Date | 01 January 2024 |
| IPO Close Date | 03 January 2024 |
| Basis of Allotment | 06 January 2024 |
| Initiation of Refund | 07 January 2025 |
| Credit of Shares to Demat Account | 07 January 2025 |
| IPO Listing Date | 08 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 03, 2024 |
Leo Dry Fruits and Spices IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,04,000 |
| Retail (Max) | 1 | 2000 | ₹1,04,000 |
| HNI (Min) | 2 | 4000 | ₹2,08,000 |
Competitive Strengths
- Experienced promoters and management team.
- Diversified product portfolio.
- In house manufacturing and processing capabilities.
- Increased brand equity over the years.
- Wide spread customer base across various segments.
Company Promoters
- Mr. Kaushik Sobhagchand Shah
- Mr Ketan Sobhagchand Shah
- Mr Parth Ashish Mehta
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 5.26 | 5.15 | 0.07 | 6.01 |
| 31 March 2023 | 36.46 | 31.11 | 3.63 | 15.37 |
| 31 March 2024 | 62.26 | 52.67 | 6.63 | 9.14 |
| 30 September 2024 | 17.88 | 15.20 | 1.87 | 16.70 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 34.12% |
| ROCE | 33.52% |
| Debt/Equity | 0.27 |
| RoNW | 19.58% |
| PAT Margin | 10.68 |
| Price to Book Value | 1.95 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.08 | 3.71 |
| P/E (x) | 10.23 | 14.02 |
Object Of The Issue
- Funding working capital requirements of the company;
- Branding, Advertisement and Marketing activities;
- General corporate purposes.
Leo Dry Fruits and Spices IPO Promoter Holding
| Pre Issue Share Holding | 52.21% |
| Post Issue Share Holding | 38.11% |
Leo Dry Fruits and Spices IPO Prospectus
Company Contact Information
| 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: https://leodryfruitsandspices.com/ |
Leo Dry Fruits and Spices IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Leo Dry Fruits and Spices IPO Lead Manager(s)
| 1. Shreni Shares Limited |
Leo Dry Fruits and Spices IPO FAQs
| What is Leo Dry Fruits and Spices IPO? Leo Dry Fruits and Spices IPO is an SME IPO. The issue is priced at ₹51 and ₹52 per equity share. The IPO is to be listed on BSE SME. |
| When Leo Dry Fruits and Spices IPO will open? The IPO is to open on 01 January 2024 for QIB, NII, and Retail Investors. |
| What is Leo Dry Fruits and Spices IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Leo Dry Fruits and Spices IPO? You can apply Leo Dry Fruits and Spices IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Leo Dry Fruits and Spices IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Leo Dry Fruits and Spices IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Leo Dry Fruits and Spices IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Leo Dry Fruits and Spices IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Leo Dry Fruits and Spices IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Leo Dry Fruits and Spices IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Leo Dry Fruits and Spices IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Leo Dry Fruits and Spices IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Leo Dry Fruits and Spices IPO Size? Leo Dry Fruits and Spices IPO size is ₹25.12 Crore. |
| What is Leo Dry Fruits and Spices IPO Price Band? Leo Dry Fruits and Spices IPO Price Band is ₹51 – ₹52. |
| What is Leo Dry Fruits and Spices IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2,000 Shares with ₹1,04,000 amount while the maximum bid is 2,000 Shares with ₹1,04,000. |
| What is the Leo Dry Fruits and Spices IPO Allotment Date? Leo Dry Fruits and Spices IPO allotment date is 06 January 2024. |
| What is the Leo Dry Fruits and Spices IPO Listing Date? Leo Dry Fruits and Spices IPO listing date is 08 January 2025. The IPO is to be listed on BSE SME. |
