Leo Dry Fruits and Spices IPO: Everything You Need to Know About the First IPO of 2025

The year 2025 started with a bang as Leo Dry Fruits and Spices launched its first IPO (Initial Public Offering) on January 1. 

To raise ₹25.12 crores, this IPO has captured the attention of investors, especially in the SME category. In this comprehensive article, we will explore the key details of this IPO, including its price band, lot size, company profile, and listing details.

Introduction to Leo Dry Fruits and Spices IPO

The Leo Dry Fruits and Spices IPO marks a strong start to 2025, opening doors for investors from January 1 to January 3. This SME category IPO aims to raise ₹25.12 crore by offering over 48 lakh shares. 

The company is issuing shares at a fixed face value of ₹10, with no Offer for Sale (OFS) component, reflecting its commitment to raising fresh funds for business growth.

This IPO is a crucial milestone for Leo Dry Fruits and Spices, showcasing its ambitious expansion plans in the dry fruits and spices market.

Key Details of the Leo Dry Fruits and Spices IPO

• Price Band: ₹51-₹52 per share.
• Lot Size: 2,000 shares per lot.
• Minimum Investment: Investors need at least ₹1.04 lakh to purchase one lot at the upper price band.
• Total Shares Offered: 48,30,000 shares.

This affordable price band and reasonable lot size make the IPO accessible to both retail and institutional investors.

Anchor Investors and Pre-Listing Details

Leo Dry Fruits and Spices raised ₹6.88 crore from anchor investors before the IPO opened to the public. On December 31, 2024, the company allocated 13.24 lakh shares, accounting for 27.41% of the total shares.

This strong pre-IPO subscription from anchor investors indicates significant market confidence in the company.

Timeline of the IPO (Leo Dry Fruits and Spices IPO)

Opening Date: January 1, 2025

Closing Date: January 3, 2025

Allotment Date: January 6, 2025

Refund & Credit to Demat Accounts: January 7, 2025

Listing Date: January 8, 2025

The IPO will be listed on BSE SME, providing investors an opportunity to trade shares in the secondary market.

Company Overview: Leo Dry Fruits and Spices

Leo Dry Fruits and Spices is a leading company in the dry fruits and spices industry. The company operates under two key brands:

VANDU: Focuses on premium-quality spices and dry fruits.

FRYD: Offers frozen and semi-fried products, catering to the fast-growing convenience food segment.

The company’s diversified product portfolio and strong brand recognition have helped it establish a robust presence in both domestic and international markets.

Financial Highlights Leo Dry Fruits and Spices

Leo Dry Fruits and Spices has demonstrated steady financial performance, with consistent growth in revenue and profitability. The company’s strategic focus on high-margin products and expanding its distribution network ensures strong growth potential in the coming years.

Investment Considerations in Leo Dry Fruits and Spices IPO 

Benefits of Investing in This IPO

Strong Brand Equity: The company’s brands are well-known in their respective segments.

Expanding Market: The dry fruits and spices industry is growing at a significant pace, driven by increasing health awareness and demand for premium-quality products.

Affordable Price Band: The IPO’s price band and lot size provide accessibility to a wide range of investors.

Risks Associated

Market Volatility: SMEs are more susceptible to market fluctuations.

Competitive Pressure: Intense competition in the food and beverage sector could impact profitability.

How to Apply for the Leo Dry Fruits and Spices IPO

Investors can apply for the Leo Dry Fruits and Spices IPO through:

ASBA (Application Supported by Blocked Amount): Available via your bank’s net banking portal.

Online Trading Platforms: Use platforms like Zerodha, Groww, or Upstox to apply conveniently.

Ensure that you read the IPO prospectus and consult financial advisors before investing.

FAQs

1. What is the price band of Leo Dry Fruits and Spices IPO?

The price band is ₹51-₹52 per share.

2. What is the minimum investment required in Leo Dry Fruits and Spices IPO?

Investors need at least ₹1.04 lakh to purchase one lot of 2,000 shares.

3. When will the Leo Dry Fruits and Spices IPO be listed?

The shares are scheduled to be listed on BSE SME on January 8, 2025.

4. Is this Leo Dry Fruits and Spices IPO suitable for retail investors?

Yes, with an affordable price band and lot size, the IPO is accessible to retail investors.

5. What are the risks involved in this Leo Dry Fruits and Spices IPO?

Potential risks include market volatility and intense competition in the industry.

Leo Dry Fruits and Spices’ IPO represents a promising investment opportunity in a growing market. However, like any financial decision, it requires careful consideration and research.