Leo Dry Fruits and Spices IPO GMP, Open Date, Price Band

Leo Dry Fruits and Spices IPO open date is on January 1, 2025 to January 3, 2025. This new IPO is a book-built issue worth up to Rs 25.12 crores of equity shares. This upcoming IPO is offering entirely a fresh issue of up to 48.30 lakh equity shares. 

Leo Dry Fruits and Spices IPO price band is Rs 51 to Rs 52 per share. As of now, Leo Dry Fruits and Spices IPO GMP is at 0, indicating neutral sentiment for this IPO among investors. 

Leo Dry Fruits and Spices IPO lot size is 2000 shares, and the allotment status is finalised on Monday, January 6, 2024. The minimum investment for retail investors is 1 lot, which is Rs 104,000. The registrar for Leo Dry Fruits and Spices IPO is Bigshare Services Private Limited. The listing date is Wednesday, January 8, 2024.

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Leo Dry Fruits and Spices IPO GMP

Currently, Leo Dry Fruits and Spices IPO GMP (grey market premium) is Rs 0. It is expected that the listing price can be the same as the allotment price, which is Rs 52 per share. However, if the subscription is oversubscribed in the upcoming time, then Leo Dry Fruits and Spices IPO GMP may go up.

Leo Dry Fruits and Spices IPO Price Band

Leo Dry Fruits and Spices IPO price band is Rs 51 to Rs 52 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,04,000 (52 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,08,000 (52 x 4000 shares).

Leo Dry Fruits and Spices Allotment Status

Leo Dry Fruits and Spices IPO Allotment status will be available on its registrar Bigshare Services Private Limited website on Monday, January 6, 2024, once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

Leo Dry Fruits and Spices Listing Date

Leo Dry Fruits and Spices IPO listing date has been decided on Wednesday, January 8, 2024. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Leo Dry Fruits and Spices IPO: Listing Date, Lot Size, Issue Size, Price Band

Leo Dry Fruits and Spices IPO: About the Company

Leo Dry Fruits and Spices Trading Limited, established on November 16, 2019 in Thane, Maharashtra. The company Specialises in seling premium dry fruits and exotic spices, they primarly focuses in quality and authenticity by sourcing products from reputable exporters worldwide.

heir extensive product range includes handpicked almonds, pistachios, cashews, and a variety of whole and ground spices that cater to both everyday cooking and gourmet needs.

Leo Dry Fruits and Spices has dedicated itself towards the elimination of adulteration in the spice world, providing customers with fresh and aromatic products. Underpinning its operations from a customer satisfaction perspective, the company aims to upgrade people's culinary experiences with luxury offerings, making them an ideal partner in flavour and nutrition.

Leo Dry Fruits and Spices IPO Objectives

Leo Dry Fruits and Spices IPO objectives include utilising the funding received from the fresh issue for various objectives into working capital requirements of the company, further branding, advertisement, marketing activities and general corporate purposes.

Leo Dry Fruits and Spices IPO: Key Dates, Allotment, Listing Date

Leo Dry Fruits and Spices IPO Subscription status, IPO Reservation

Leo Dry Fruits and Spices IPO subscription reservations are as follows: not more than 50% of the net offer is reserved for Qualified Intuitional Buyers, not less than 35% of the net offer is reserved for the retail category and not less than 15% of the net offer is reserved for the HNI category.

Leo Dry Fruits and Spices IPO Lot Size Details

Leo Dry Fruits and Spices IPO lot size is set at 2000 shares per lot. The minimum funds required for retail investors to participate in this IPO is Rs 1,04,000 (52 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,08,000 (52 x 4000 shares).

Leo Dry Fruits and Spices IPO Promoter Holdings

Leo Dry Fruits and Spices IPO promoters Mr Kaushik Sobhagchand Shah, Mr Ketan Sobhagchand Shah and Mr Parth Ashish Mehta. The promoter's combined shareholdings before the IPO were 52.21%; however, post-IPO, their shareholdings will decline.

Leo Dry Fruits and Spices Trading Limited Financials (Amt in Lakhs) 

Lead Manager and Registrar of Leo Dry Fruits and Spices IPO

Leo Dry Fruits and Spiecs, IPO lead manager, is Share India Capital Services Private Limited. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

How to apply to the Leo Dry Fruits and Spices IPO

Interested investors who want to apply to the Leo Dry Fruits and Spices IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website here. You can also check the details of other upcoming IPO on the Bigul platform.

Leo Dry Fruits and Spices IPO Review

Leo Dry Fruits IPO review based on the company's outlook is as follows. The financial performance for the period FY23 to FY24 was slightly good, and competitive P/E ratios compared to peers like HOAC Foods and Madhusudan Masala are decent. This suggests favourable market sentiment and possibly strong performance from the general public.

Leo Dry Fruits and Spices IPO FAQs

1. What are the core details available of the Leo Dry Fruits and Spices IPO?

Leo Dry Fruits and Spices IPO is a book-built issue worth up to Rs 25.12 crores. This upcoming IPO is entirely a fresh issue of up to 48.30 lakh equity shares.

2. What is the Leo Dry Fruits and Spices IPO open date and close date?

Leo Dry Fruits and Spices IPO subscription opens on Wednesday, January 1, 2025, and closes on Friday, January 3, 2025.

3. What is Leo Dry Fruits and Spices IPO GMP?

Currently, Leo Dry Fruits and Spices IPO GMP (grey market premium) is Rs 0. It is expected that the listing price can be the same as the allotment price, which is Rs 52 per share. However, if the subscription is oversubscribed in the upcoming time, then Leo Dry Fruits and Spices IPO GMP may go up.

4. How do you check the IPO Allotment status?

Leo Dry Fruits and Spices IPO Allotment status are available on its registrar, Bigshare Services Private Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who is the registrar and lead managers for Leo Dry Fruits and Spices IPO?

Leo Dry Fruits and Spiecs, IPO lead manager, is Share India Capital Services Private Limited. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?