Leo Dryfruits & Spices Trading Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Leo Dryfruits & Spices Trading Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹52
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,04,000
Issue Size
₹25.12 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.86%
QIB Quota
48.87%
NII Quota
15.27%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Leo Dryfruits & Spices Trading Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
52.21%
Promoter Holding (Post-Issue)
38.11%
Issue Type
Book Building - SME
ISIN
INE0RH001011
About the Company
Our company is engaged in manufacturing, processing, trading and marketing of wide range of spices, dry fruits and other grocery products under the brand name "VANDU" and frozen/semi fried products under the brand name of "FRYD". Our company is currently engaged in supplying of various whole spices and blended spices under spices category, plain, roasted and flavoured dry fruits under dry fruits category and ghee, various type of seasoning, chiz bites and many more under other grocery products in different packaging sizes.
Industry Overview
India is the world's largest spice producer. It is also the largest consumer and exporter of spices. The production of different spices has been growing rapidly over the last few years. Production in 2022-23 stood at 11.14 million tonnes compared to 11.12 million tonnes in 2021-22. During 2022-23, the export of spices from India stood at US$ 3.73 billion from US$ 3.46 billion in 2021-22. During 2021-22, the single largest spice exported from India was chilli followed by spice oils and oleoresins, mint products, cumin, and turmeric. India produces about 75 of the 109 varieties which are listed by the International Organization for Standardization (ISO). The most produced and exported spices are pepper, cardamom, chilli, ginger, turmeric, coriander, cumin, celery, fennel, fenugreek, garlic, nutmeg & mace, curry powder, spice oils and oleoresins.
Company History
Our Company was originally incorporated on November 16, 2019 as "Leo Dryfruits & Spices Trading Private Limited" under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central registration Centre. Subsequently our Company was converted into Public Limited Company and name of company was changed from "Leo Dryfruits & Spices Trading Private Limited" to "Leo Dryfruits & Spices Trading Limited" vide fresh certificate of incorporation dated July 07, 2023 issued by the Registrar of Companies, Centralised Processing Centre. The Corporate Identification Number of our Company is U10799MH2019PLC333102.
Products & Services
- The company is engaged in manufacturing, processing, trading and marketing of wide range of spices, dry fruits and other grocery products.
Growth Strategy
- Expand our market presence to other states of India and overseas and increase our distribution reach.
- Scale up branding, promotional and digital activities.
- Improving Efficiency.
- Quality Assurance.
- Continue to strengthen our existing product portfolio and diversify into products with attractive growth and profitability prospects.
- Leveraging our market skills and relationships.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of upto 48,30,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Leo Dryfruits & Spices Trading Private Limited ("Leo Dryfruits", or "The Company" or "The Issuer") for cash at a price of Rs. 52 per equity share including a share premium of Rs. 42 per equity share (the "Issue Price") aggregating to Rs. 25.12 crores ("The Issue"), of which 2,46,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 52 per equity share including a share premium of Rs. 42 per equity share aggregating to Rs.1.28 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 45,84,000 equity shares of face value of Rs. 10/- each at a price of Rs. 52 per equity share including a share premium of Rs. 42 per equity share aggregating to Rs. 23.84 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27 % and 25.62 % respectively of the post issue paid up equity share capital of the company. Issue Price: Rs. 52 per equity share of face value of Rs. 10 each. Anchor Investor Issue Price: Rs. 52 per equity share. The Issue Price is 5.20 times of the face value. Bid can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced promoters and management team.
- Diversified product portfolio.
- In house manufacturing and processing capabilities.
- Value proposition for consumers.
- Wide spread customer base across various segments.
- The company is a new player in the spice, dry fruits, frozen/semi fried and other grocery business and there is no assurance that its will be able to maintain or increase the company revenue from operations in the long term.
- The Company, Promoters and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties/prosecutions and may adversely affect its business and results of operations.
- The company derives a significant portion of its revenue from trading activities, for which the company has to relies on third parties for sourcing of products.
- Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customers would have a material adverse effect on its business, cash flows, results of operations and financial condition.
- The company has experienced negative cash flows from operations in the recent past, and its may have negative cash flows in the future.