Leo Dryfruits IPO subscription started on Wednesday, January 1, and will close on January 3, 2025, as per the schedule. The price band is set at ₹51 to ₹52 per share with a face value of ₹10.
Leo Dryfruits IPO Subscription Status
Leo Dryfruits IPO Subscribed over 14.15x on its second day till 05.00 PM on 2nd January.
- Leo Dryfruits IPO subscription QIB investors portion is 1x times, while NII subscribed 17.35x times and RII investors subscribed 20.12x times.
- The company has received bids for 4,61,42,000 shares against 32,60,000 shares on offer on the second day.
- Leo Dryfruits IPO Subscribed over 14.15x on day 2.
- Leo Dryfruits IPO Subscribed over 3.02x on day 1.
About Leo Dryfruits IPO
Established in November 2019, Leo Dryfruits and Spices Trading Limited is one of the leading manufacturers and traders of various spices, dry fruits, and many other grocery products. Over the years the company has manufactured spices, and dry fruits under the brand name “VANDU” while manufacturing frozen/semi-fried products under the brand name “FRYD”. The company currently supplies a wide range of products such as whole spices and blended spices plain, roasted, and flavored dry fruits, ghee, various seasonings, chiz bites, poppy seeds, and sesame seeds. The company also engaged in producing a variety of seasonings such as chili flakes, garlic powder, asafoetida (hing), black salt, pulses, dry ginger, fennel seeds, fenugreek seeds, nigella seeds, mace, nutmeg, as well as selling ghee under the brand name Vandu. LEO dry fruits and spices trading mainly operates their business in 3 segments B2B, B2C, and D2C. As of June 30, 2024, the company has a staff of 45 permanent employees. In the financial year ending March 31, 2024, Leo Dry Fruits and Spices Trading Ltd’s revenue increased by 71% and profit after tax (PAT) increased by 83%.
Leo Dryfruits IPO Company Financial Report
The company reported revenue of ₹62.17 crores in 2024 against ₹36.44 crores in 2023. The company reported a profit of ₹6.64 crores in 2024 against a Profit of ₹3.63 crores in 2023.
Leo Dryfruits IPO GMP:
Leo Dryfruits IPO GMP was ₹0 as of Thursday, January 2. That indicates the IPO is trading at ₹52 with ₹0 premium in the grey market against the issue price of ₹52.
