Leo Dry Fruits and Spices Trading IPO opens on January 1, 2025, offering 48.30 lakh shares at a price range of ₹51 to ₹52 per share, raising a total of ₹25.12 Crores. The subscription period closes on January 3, 2025, with the allotment finalized on January 6, 2025. The shares will be listed on the BSE SME, with a tentative listing date of January 8, 2025.

Overview of Leo Dry Fruits and Spices Trading

Leo Dry Fruits and Spices Trading is involved in manufacturing, processing, trading, and marketing a wide range of products under its brands “VANDU” (spices, dry fruits, grocery products) and “FRYD” (frozen and semi-fried products). The company supplies whole and blended spices, roasted and flavored dry fruits, ghee, seasoning, poppy seeds, sesame seeds, and more, catering to various packaging sizes.

Subscription and Investment Details

The Leo Dry Fruits and Spices Trading IPO offers shares in the range of ₹51 to ₹52 each. The market capitalization at the higher end of the price band is estimated to be ₹93.03 Crore. The lot size is set at 2,000 shares, with a minimum investment of ₹1,04,000 for retail investors. For High-Net-Worth Individuals (HNIs), the minimum investment is 2 lots (4,000 shares), totaling ₹2,08,000.

Subscription Status and Allotment

As of January 2, 2025, the Leo Dry Fruits and Spices Trading IPO was subscribed 13.23 times on its second day of subscription. The IPO allotment will be available on January 6, 2025. Investors can easily check the status by visiting the registrar’s website.

Objectives of Leo Dry Fruits and Spices Trading IPO

The net proceeds from the IPO will be utilized for the following objectives:

1. ₹1,500.00 Lakh for working capital requirements.
2. ₹425.00 Lakh for branding, advertisement, and marketing activities.
3. General corporate purposes.

Financial Performance and Valuation

Leo Dry Fruits and Spices Trading has demonstrated steady growth in its financials, with revenues increasing from ₹526.54 Lakh in FY2022 to ₹6,226.51 Lakh in FY2024. The EBITDA for FY2024 stood at ₹1,123.08 Lakh, and the Profit After Tax (PAT) was ₹663.69 Lakh. The pre-issue EPS is ₹5.21, while the post-issue EPS is ₹3.71. The company’s P/E ratio of 9.98x (pre-issue) and 14.02x (post-issue) is significantly lower than the industry P/E ratio of 71x, suggesting that the IPO is fairly priced.

Leo Dry Fruits and Spices Trading IPO Review

Based on the financial performance and the valuation, the Leo Dry Fruits and Spices Trading IPO appears to be fairly priced. However, the Grey Market Premium (GMP) indicates that there may not be substantial listing gains (currently at 0%). Given the steady financial growth and the company's position in the spices, dry fruits, and grocery products market, the IPO might offer long-term growth potential, but investors should be cautious about immediate gains.

The Upcoming IPOs in this week and coming weeks are  Fabtech Technologies, Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp, B R Goyal.

The Current active IPO is  Indo Farm, Technichem Organics, Leo Dry Fruits, Davin Sons, and Parmeshwar Metal.

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