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Leo Dryfruits & Spices Trading : Leo Dryfruits & Spices Trading shares get listed at 31% premium!

News by Aliceblue News Desk

08 Jan 2025

Leo Dryfruits & Spices Trading : Leo Dryfruits & Spices Trading shares get listed at 31% premium!

Leo Dryfruits & Spices Trading shares debuted on the BSE SME platform at ₹68 per share, marking a 30.77% premium over the IPO price, showcasing strong investor demand and a positive start in the stock market.

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Leo Dryfruits & Spices Trading IPO saw impressive Day 3 subscriptions, with QIBs at 68.06 times, NIIs at 394.59 times, and retail investors at 154.5 times, achieving a total subscription of 181.77 times, reflecting overwhelming investor demand and strong market interest.

Also Read: Textile stock hits 5% upper circuit after it sets record date for 1:2 bonus issue

Leo Dryfruits & Spices Trading manufactures, trades, and markets a diverse range of products under the “VANDU” and “FRYD” brands. Their offerings include spices, dry fruits, ghee, and grocery items like chilli flakes, garlic powder, and pulses, sourced from reliable manufacturers to ensure strict quality standards and excellence for their customers.

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Also Read: Railway stock jumps 4% after it delivers India’s first driverless trainset to Bengaluru metro’s yellow line

Leo Dryfruits & Spices Trading aims to utilize ₹15 crores for working capital, ₹4.25 crores for branding and marketing, and the remaining funds for general corporate purposes to enhance operations, synergies, and market awareness.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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