Leo Dry Fruits and Spices IPO Listing: Shares of Leo Dry Fruits and Spices, which sells dry fruits and spices, had a good entry on BSE SME today but then fell under the pressure of profit booking. Its IPO also got a tremendous response from investors and it received more than 181 times the overall bid. Under the IPO, shares have been issued at a price of Rs 52. Today it has entered BSE SME at Rs 68, which means IPO investors got a listing gain of 30.77% (Leo Dry Fruits and Spices Listing Gain). However, the joy of IPO investors soon faded as the shares crashed. It fell to Rs 64.60 (Leo Dry Fruits and Spices Share Price), which means IPO investors are now making 24.23 percent profit.
Leo Dry Fruits and Spices IPO got a strong response
Leo Dry Fruits & Spices’ ₹25.12 crore IPO was open for subscription from January 1-3. This IPO received a tremendous response from investors and overall it was subscribed 181.77 times. In this, the portion reserved for Qualified Institutional Buyers (QIB) was filled 68.06 times, the share for Non-Institutional Investors (NII) was 394.59 times and the share for retail investors was 154.5 times. Under this IPO, 48.30 lakh new shares with face value of Rs 10 have been issued. The company will use the money raised through these shares to meet working capital requirements, marketing and general corporate purposes.
About Leo Dry Fruits and Spices
Leo Dryfruits and Spices Trading, formed in November 2019, is in the business of dry fruits and spices under the brand name Vandu and frozen and semi-fried products under the brand name ‘FRYD’. Its business is in B2B, B2C and D2C segments. Talking about the financial health of the company, it has continuously strengthened. It had a net profit of Rs 7.9 lakh in FY 2022, which jumped to Rs 3.63 crore in the next FY 2023 and Rs 6.64 crore in FY 2024. During this period, the company’s revenue increased at a compound growth rate (CAGR) of more than 243 percent annually to Rs 62.27 crore. Talking about the current financial year 2024-25, in the first half April-September 2024, it has achieved a net profit of Rs 1.87 crore and a revenue of Rs 17.88 crore.