Leo Dryfruits & Spices Trading Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,240,000 (46%) | — | ₹1,165 Cr |
| NII (HNI) | — | 700,000 (14%) | — | ₹364 Cr |
| Retail | — | 1,644,000 (34%) | — | ₹855 Cr |
| Market Maker | — | 246,000 (5%) | — | ₹13 Cr |
| Σ Total | — | 4,830,000 (100%) | — | ₹25,116 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹104,000 |
| Retail (Max) | 13 | 26,000 | ₹1,352,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,456,000 |
| B-HNI (Min) | 67 | 134,000 | ₹6,968,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 1,788 | 6,227 | 3,647 |
| Profit After Tax | 187 | 664 | 363 |
| Net Worth | 3,577 | 3,390 | 500 |
| Total Assets | 6,989 | 5,235 | 2,664 |
| Reserves & Surplus | 2,271 | 2,084 | 370 |
| Total Borrowing | 1,670 | 915 | 1,537 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding working capital requirements of the company –
- Branding, Advertisement and Marketing activities –
- General corporate purposes –
Company Overview
Incorporated in November 2019, Leo Dryfruits & Spices Trading Limited specializes in manufacturing and trading a variety of spices and dry fruits under the brand VANDU as well as frozen and semi-fried products under “FRYD. The company supplies whole and blended spices, roasted and flavoured dry fruits, ghee, seasonings, and other grocery items in various packaging sizes.
The company's business is divided into two verticals:-
- Trading of Products
- Manufacturing and Processing of Spices
The company's manufacturing unit is situated in Thane, Maharastra.
The company operates in three segments: B2B, B2C, and D2C.
- In the B2B segment, the company wholesales whole spices and dry fruits in bulk to traders for unbranded resale
- In the B2C segment, the company sells its products as whole spices, blended spices, dry fruits, and groceries under VANDU through distributors, super stockists, e-commerce platforms like Amazon and Flipkart, and its website.
- In the D2C segment, they sell directly to customers through its website and online channel partners such as Amazon, Flipkart etc.
As of September 30, 2024, the Company had approximately 46 permanent employees at various levels.
Competitive Strength:
- Experienced promoters and management team
- Diversified product portfolio
- In house manufacturing and processing capabilities
- Increased brand equity over the years.
- Wide spread customer base across various segments