Leo DryFruits and Spices Trading Limited
IPO Details
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Company Fin.
₹16(30.77%)
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Leo DryFruits and Spices Trading Limited's completed its IPO journey with a successful listing on BSE on Jan 08, 2025. The public offering mobilized 48,30,000 Shares in total capital, comprising 48,30,000 Shares in fresh equity.
The offering was conducted within the price band of ₹51 to ₹52, with minimum application lots of 2000 shares. Investor participation during the Jan 01, 2025 to Jan 03, 2025 subscription window determined the final allocation pattern.
The basis of allotment was announced on Jan 06, 2025, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in November 2019, Leo Dryfruits & Spices Trading Limited specializes in the manufacturing and trading of spices, dry fruits, and grocery items under its brands “VANDU” and “FRYD.” Operating from its Thane, Maharashtra facility, the company offers whole and blended spices, roasted and flavored dry fruits, ghee, seasonings, and frozen and semi-fried products in various packaging sizes. Leo Dryfruits serves three segments: B2B, wholesaling unbranded products to traders; B2C, selling branded items through distributors, super stockists, e-commerce platforms, and its website; and D2C, directly supplying customers via online channels. As of June 30, 2024, the company employed around 45 permanent staff to support its operations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Leadership : The team comprises knowledgeable leaders and industry experts with years of experience guiding the business.
- Diverse Product Range : Offers a wide variety of products including spices, dry fruits, ghee, and frozen items to cater to diverse customer preferences.
- In-House Production : Manages its own manufacturing and processing unit, ensuring high quality and smooth operational control.
- Legal Issues : The company, its promoters, or directors are involved in legal matters that could lead to fines or liabilities, potentially affecting operations and financial performance.
- Reliance on External Suppliers : Heavy dependence on third-party suppliers for trading creates risks if supply chain disruptions occur.
- Brand and Reputation Risks : Poor brand promotion or damage to reputation could negatively impact growth and market position.
- Mr. Kaushik Sobhagchand Shah
- Mr Ketan Sobhagchand Shah
- Mr Parth Ashish Mehta.
Leo DryFruits and Spices Trading Limited
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