The Leo Dry Fruits and Spices Trading Limited IPO is set to hit the market from January 1, 2025, to January 3, 2025, aiming to raise approximately ₹25.12 crores. With a price band between ₹51 and ₹52 per share, investors need to invest at least ₹1,04,000 for the minimum lot size of 2,000 shares. The IPO allotment will be finalized on January 6, 2025, and the company is slated for listing on the BSE SME platform on January 8, 2025.
Detailed Review of Leo Dry Fruits IPO
Company Background
Leo Dry Fruits and Spices Trading Limited was established in November 2019, specializing in a wide range of dry fruits, spices, and grocery products. Operating under the brand names VANDU for spices and dry fruits and FRYD for frozen items, the company has carved a niche in the growing Indian food market.
Key Details of Leo Dry Fruits IPO
1. Important Dates
Here are the essential dates for the Leo Dry Fruits and Spices IPO:
| Event | Date |
|---|---|
| IPO Open Date | January 1, 2025 |
| IPO Close Date | January 3, 2025 |
| Basis of Allotment | January 6, 2025 |
| Refund Initiation | January 7, 2025 |
| Shares Credited to Demat | January 7, 2025 |
| Listing Date | January 8, 2025 |
2. Financial Insights
- Issue Size: Approximately ₹25.12 crores
- Price Band: ₹51–₹52 per share
- Face Value: ₹10 per equity share
- Lot Size: Minimum of 2,000 shares
- Minimum Investment: ₹1,04,000
The IPO comprises an entirely fresh issue of shares, ensuring no offer for sale (OFS) component.
3. Market Participation Quotas
- Retail Investors: Up to 35%
- Qualified Institutional Buyers (QIBs): Up to 50%
- Non-Institutional Investors (NIIs): Up to 15%
Leo Dry Fruits and Spices IPO GMP
As of now, the Grey Market Premium (GMP) for the IPO has not been disclosed. The GMP is a critical metric to gauge investor sentiment and potential listing gains.
Should You Invest in the Leo Dry Fruits IPO?
Pros
- A well-established brand in the growing dry fruits and spices sector.
- Fresh issue IPO ensures proceeds directly fuel company growth.
- Diversified product portfolio under VANDU and FRYD brands.
Cons
- Relatively high investment requirement for retail investors.
- Limited financial history since its establishment in 2019.
Expert Review: Is Leo Dry Fruits IPO Worth It?
The Leo Dry Fruits and Spices IPO offers a unique opportunity in an expanding market. With a competitive price band of ₹51–₹52 and a projected listing on the BSE SME platform, this IPO could be an excellent addition to your portfolio.
However, it’s crucial to evaluate the risks. Investors are advised to analyze financials and market sentiment thoroughly. If you want to learn how to analyze IPOs like this or better, visit GRM IIT.
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1. What is the price band of Leo Dry Fruits IPO?
The price band for the Leo Dry Fruits IPO is ₹51 to ₹52 per share.
2. When will the Leo Dry Fruits IPO open for subscription?
The Leo Dry Fruits IPO will open for subscription on January 1, 2025.
3. How much is the minimum investment required for Leo Dry Fruits IPO?
The minimum investment required for the Leo Dry Fruits IPO is ₹1,04,000 for a lot size of 2,000 shares.
4. What is the expected listing date for Leo Dry Fruits IPO?
The expected listing date for the Leo Dry Fruits IPO is January 8, 2025.
5. How can I apply for Leo Dry Fruits IPO?
You can apply for the Leo Dry Fruits IPO through your **demat account** via online platforms or through a broker.
6. Will Leo Dry Fruits IPO give listing gains?
The possibility of listing gains for Leo Dry Fruits IPO depends on the demand during subscription and its **GMP (Grey Market Premium)** before listing. While some investors expect gains, others advise caution.