The Leo Dry Fruits and Spices IPO, valued at ₹25.12 crores, is scheduled to open for subscription on January 1, 2025, and will close on January 3, 2025. This IPO comprises a fresh issue of 48.30 lakh shares.

Below is a comprehensive guide to the IPO, its details, and the company’s business model.

IPO Details

• Price Band: ₹51 to ₹52 per share
• Lot Size: Minimum 2,000 shares
• Minimum Investment:
  • Retail Investors: ₹1,04,000 (1 lot)
  • HNIs: ₹2,08,000 (2 lots, 4,000 shares)
• Listing Platform: BSE SME
• Subscription Dates:
  • Opens: January 1, 2025
  • Closes: January 3, 2025
• Allotment Date: January 6, 2025
• Listing Date: January 8, 2025

Key Stakeholders:

• Lead Manager: Shreni Shares Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Rikhav Securities Limited

About Leo Dry Fruits and Spices Trading Ltd

Incorporated in November 2019, Leo Dry Fruits and Spices Trading Ltd specializes in the manufacturing and trading of spices, dry fruits, and frozen food products. Their products are sold under the brands VANDU and FRYD, catering to a diverse range of customers through B2B, B2C, and D2C channels.

Product Portfolio

1. Spices: Whole and blended varieties.
2. Dry Fruits: Roasted and flavored options.
3. Frozen and Semi-Fried Products: Branded under FRYD.
4. Grocery Items: Ghee, seasonings, and various essentials in different packaging sizes.

The company’s manufacturing unit is located in Thane, Maharashtra, enabling in-house processing and production.

Business Verticals

1. B2B Segment: Wholesaling of whole spices and dry fruits to traders for unbranded resale.
2. B2C Segment: Selling branded products like VANDU spices and dry fruits through distributors, e-commerce platforms (Amazon, Flipkart), and the company’s website.
3. D2C Segment: Direct sales to consumers via online platforms and its website.

As of September 30, 2024, Leo Dry Fruits employed 46 permanent staff across different operational levels.

Competitive Strengths

1. Experienced Management: Led by seasoned promoters with in-depth knowledge of the spices and dry fruits industry.
2. Diverse Product Portfolio: Comprehensive offerings in spices, dry fruits, and grocery items.
3. In-House Capabilities: Manufacturing and processing facilities ensure quality and efficiency.
4. Brand Recognition: The VANDU and FRYD brands have gained equity and trust among customers.
5. Wide Customer Base: Successfully caters to diverse segments across B2B, B2C, and D2C markets.

Investment Highlights

The Leo Dry Fruits and Spices IPO is an attractive opportunity for investors aiming to tap into the fast-growing FMCG sector, particularly within the spices and dry fruits industry. With a robust distribution network, diversified product offerings, and a focus on quality, the company is well-positioned for sustainable growth.

The Current active IPO is Anya Polytech and Unimech Aerospace.

The Upcoming IPOs in this week and coming weeks are Citichem India, Indo Farm, Technichem Organics, Leo Dry Fruits.