Leo DryFruits and Spices Trading Limited
Bookbuilding IPO · BSE
- Price band
- ₹51 - ₹52
- Lot size
- 2,000 shares
- Issue amount
- ₹25.12 cr
- Total subscription
- 181.84×
- Opens
- 1 Jan 2025
- Closes
- 3 Jan 2025
- Allotment
- 6 Jan 2025
- Listing
- 8 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 48,30,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,02,000
- Fresh issue
- ₹25.12 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,04,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,30,61,440
- Shares after issue
- 1,78,91,440
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 2,000 | ₹1,04,000 |
| HNI | 2 | 4,000 | ₹2,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.76 | 0 |
| RETAIL | 8.55 | 0 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 1.43 | 5.21 | 4.01 |
| ROE | 5.23 | 34.12 | 114.23 |
| ROCE | 6.26 | 0 | 41.57 |
| RONW | 5.23 | 19.58 | 72.71 |
| PRE IPO (PE) | 0 | 10.23 | 0 |
| POST IPO (PE) | 0 | 14.02 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
Risk factors
- 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.
Promoters
Mr. Kaushik Sobhagchand Shah
Mr Ketan Sobhagchand Shah
Mr Parth Ashish Mehta.
Registrar & documents
Lead manager
Share India Capital Services Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A 812, MIDC Khairane Thane Belapur Rd, TTC Industrial Area, Koperkhairane, Thane, 400705
+ 91 9321126141
[email protected]Company website ↗Understanding VANDU IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.