Leo Dryfruits IPO: Key Dates, Review, and Details 2025
The Leo Dryfruits IPO is scheduled to open on January 1, 2025, and will close on January 3, 2025. The IPO is a Book Built Issue aiming to raise approximately ₹25.12 crores, comprising a fresh issue of ₹25.12 crores. The IPO price band is ₹51 to ₹52 per equity share, with the company planning to list on BSE SME on January 8, 2025.
Leo Dryfruits IPO Overview
| Details | Information |
|---|---|
| IPO Open Date | January 1, 2025 |
| IPO Close Date | January 3, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹51 to ₹52 per share |
| Issue Size | ₹25.12 crores |
| Fresh Issue | ₹25.12 crores |
| Issue Type | Book Built Issue |
| Listing Exchange | BSE SME |
| Retail Investor Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Market Lot Details
The minimum market lot for the IPO is 2,000 shares, requiring an application amount of ₹1,04,000. Retail investors can apply for a maximum of 1 lot, while S-HNIs can apply for at least 2 lots.
| Category | 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 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | January 1, 2025 |
| IPO Close Date | January 3, 2025 |
| Allotment Finalization | January 6, 2025 |
| Refunds Initiated | January 7, 2025 |
| Credit to Demat Accounts | January 7, 2025 |
| Listing Date | January 8, 2025 |
Company Overview
Leo Dryfruits and Spices Trading Limited, established in November 2019, is a leading manufacturer and trader of dry fruits, spices, and grocery products. The company operates under two brand names: “VANDU” for spices and dry fruits, and “FRYD” for frozen/semi-fried products.
Product Portfolio
- Dry Fruits: Plain, roasted, and flavored varieties.
- Spices: Whole, blended, and powdered spices like chili flakes, garlic powder, asafoetida, and more.
- Grocery Products: Includes ghee, poppy seeds, sesame seeds, and pulses.
- Seasonings: Offers products like black salt, dry ginger, fennel seeds, fenugreek seeds, and nigella seeds.
The company operates across B2B, B2C, and D2C segments, with a staff of 45 permanent employees as of June 30, 2024.
Financial Performance
| Year | Revenue (₹ Cr) | Expenses (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 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 |
The company showed significant growth in FY2024, with a 71% increase in revenue and an 83% rise in profit after tax (PAT).
Valuation Metrics
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 34.12% |
| Return on Capital Employed (ROCE) | 33.52% |
| EBITDA Margin | 17.91% |
| PAT Margin | 10.68% |
| Debt-to-Equity Ratio | 0.27 |
| Earnings Per Share (EPS) | ₹5.21 |
| Net Asset Value (NAV) | ₹26.63 |
Objects of the Issue
The IPO proceeds will be utilized for the following:
- Working Capital Requirements.
- Branding, Advertising, and Marketing Activities.
- General Corporate Purposes.
Promoters
The company is promoted by:
- Mr. Kaushik Sobhagchand Shah
- Mr. Ketan Sobhagchand Shah
- Mr. Parth Ashish Mehta
How to Apply for Leo Dryfruits IPO?
Investors can apply through:
- ASBA Online via bank accounts.
- UPI-enabled Stock Brokers.
- Offline forms available with stockbrokers.
Recommendation
With substantial growth in revenue and profitability, Leo Dryfruits and Spices Trading Limited demonstrates strong potential. The company’s diverse product portfolio and efficient market strategies make it an attractive option for long-term investors.