Leo Dry Fruits and Spices Trading, is gearing up to launch its IPO. The company, known for its range of dry fruits, spices, and frozen products, is set to open for subscription on January 1, 2025.
Here are 8 essential details you should know before the IPO opens:
1. IPO Opening and Closing Dates
Leo Dry Fruits IPO, a BSE SME issue will open its three day subscription window on January 1, 2025, and will close its bidding window on January 3, 2025.
2. IPO Size and Fresh Issue
This is a book-built issue of Rs 25.12 crores, consisting entirely of a fresh issue of 48.30 lakh shares. Furthermore, no offer for sale (OFS) component is included.
3. Price Band and Investment Amount
The shares are priced in the range of Rs 55 per share. For retail investors, the minimum investment is Rs 1,04,000 (2,000 shares), while for HNIs, the minimum lot size is 4,000 shares, amounting to a sum of Rs 2,08,000.
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4. Allotment Date
After a three days bidding period, the allotment of shares is expected to be finalised on January 6, 2025. Investors will know whether they have received shares by this date.
5. Listing Date
Leo Dry Fruits and Spices Trading is set to list on the BSE SME platform on January 8, 2025.
6. Company’s Focus and Products
Leo Dry Fruits specialises in spices, dry fruits, and frozen products. It sells products under the brand names VANDU and FRYD, which include roasted and flavored dry fruits, whole and blended spices, ghee, and grocery items.
7. Financial performance
The company has reported a 71 per cent increase in revenue and an 83 per cent rise in profit after tax (PAT) between FY 2023 and FY 2024.
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8. Risks to Consider
As per the DRHP filing, some of the risk mentioned by the company are as follows:
“Our Company, Promoters and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may adversely affect our business.”
“We rely on third parties for sourcing products,
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