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Open
1 Jan 2025
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Close
3 Jan 2025
3
Allotment
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Listing
Wed, Jan 8, 2025
Price Band
₹51 to ₹52
Issue Size
48,30,000 shares (agg. up to ₹25 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Jan 8, 2025
Latest GMP
₹16
Est. Gain
30.77%
✦ AI Insight
GMP Trend
08-01-2025₹16Est. ₹68+30.77%
07-01-2025₹16Est. ₹68+30.77%
06-01-2025₹17Est. ₹69+32.69%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 144.49x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 69.89 | 52.35 | 26.64 | 11.99 |
| Total Income | 17.88 | 62.27 | 36.47 | 5.27 |
| Profit After Tax | 1.87 | 6.64 | 3.63 | 0.08 |
| NET Worth | 35.77 | 33.90 | 5.00 | 1.36 |
| Reserves and Surplus | 22.71 | 20.84 | 3.70 | 0.07 |
| Total Borrowing | 16.70 | 9.15 | 15.37 | 6.01 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Freshara Agro Exports Ltd. | SME | ₹75.39 Cr | ₹116 | 9.04 | ₹134.70 | +16.12% | ₹310.70 (-0.05%) |
| Jeyyam Global Foods Ltd. | SME | ₹81.94 Cr | ₹61 | 14.31 | ₹64.05 | +5.00% | ₹27.15 (+4.83%) |
| HOAC Foods India Ltd. | SME | ₹5.54 Cr | ₹48 | 21.95 | ₹139.65 | +190.94% | ₹682.45 (+1.71%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 15.00 |
| 2 | Branding, Advertisement and Marketing activities | 4.25 |
| 3 | General Corporate Purposes | 2.70 |
| 4 | Issue Expenses | 3.16 |
| Total | 25.12 |
About Leo Dryfruits IPO
Incorporated in November 2019, Leo Dryfruits & Spices Trading Limited specializes in manufacturing and trading a variety of spices and dry fruits under the brand VANDU as well as frozen and semi-fried products under “FRYD. The company supplies whole and blended spices, roasted and flavoured dry fruits, ghee, seasonings, and other grocery items in various packaging sizes. The company's business is divided into two verticals:- Trading of Products Manufacturing and Processing of Spices The company's manufacturing unit is situated in Thane, Maharastra. The company operates in three segments: B2B, B2C, and D2C. In the B2B segment, the company wholesales whole spices and dry fruits in bulk to traders for unbranded resale In the B2C segment, the company sells its products as whole spices, blended spices, dry fruits, and groceries under VANDU through distributors, super stockists, e-commerce platforms like Amazon and Flipkart, and its website. In the D2C segment, they sell directly to customers through its website and online channel partners such as Amazon, Flipkart etc. As of September 30, 2024, the Company had approximately 46 permanent employees at various levels. Competitive Strength:
Contact Details
Leo Dryfruits & Spices Trading Ltd. AddressA 812, MIDC KhairaneThane Belapur Rd, TTC Industrial AreaKoperkhairaneThane, Maharashtra, 400705+ 91 9321126141info@leodryfruitsandspices.comVisit Website