Leo Dry Fruits and Spices Trading Ltd IPO marks an important milestone for the company as it decides to go public. It also provides an opportunity to investors to be part of the company’s growth journey. Let’s have a detailed look at the company’s IPO.
Introduction
Leo Dry Fruits and Spices Trading Ltd is looking to go public with its Initial Public Offering. The shares of the company will be listed on the SME platform of the Bombay Stock Exchange (BSE). It is going to be a 100% book-built issue of Rs 25.12 crores and provides investors with an exclusive opportunity to invest in a growing player in the food and spices trading sector.
Company Overview
Leo Dry Fruits and Spices Trading Ltd was founded in 2019, and operates in the expanding market of dry fruits and spices. The company is headquartered in Maharashtra, India, and has strong presence in sourcing, packaging, and distributing high-quality products. Its promoters, Mr. Kaushik Sobhagchand Shah, Mr. Ketan Sobhagchand Shah, and Mr. Parth Ashish Mehta, bring significant expertise to the table.
Sector Overview
The dry fruits and spices industry in India is experiencing tremendous growth, mainly due to rising disposable incomes, health-conscious consumers and demand for premium food products. Leo’s focus on quality and supply chain efficiency positions it well in this competitive market.
Objectives of the IPO
The proceeds from this IPO will be used for:
- Expanding operational facilities.
- Meeting working capital requirements.
- Repayment of certain borrowings.
- General corporate purposes.
Leo Dry Fruits & Spices Trading Ltd IPO Details
| IPO Name | Leo Dry Fruits and Spices |
| Issue Type | Fresh Issue |
| IPO Open Date | January 1, 2025 |
| IPO Close Date | January 3, 2025 |
| Price Band | ₹51 to ₹52 per share |
| Lot Size | 2000 shares per lot |
| Retail Investors Min lot and Amount | 1 lot & ₹1,04,000 |
| Retail Investors Max lot and Amount | 1 lot & ₹1,04,000 |
| HNI Min lot and Amount | 2 lots & ₹2,08,000 |
| Issue Size | 25.12 crores |
| Basis of Allotment | January 6, 2025 |
| Listing Date | January 8, 2025 |
| Listing Exchange | BSE SME |
| Retail Individual Investors (RII) Quota | 35% |
| Non – Institutional Investors (NII/HNI) Quota | 15% |
| Qualified Institutional Buyers (QIBs) | 50% |
Key Financial Information and Ratios of Leo Dry Fruits and Spices Trading Ltd IPO
Key Financial Highlights (₹ in Lakhs):
- Revenue from Operations:
- FY 2024: ₹6,216.59
- FY 2023: ₹3,643.96
- FY 2022: ₹526.54
- EBITDA:
- FY 2024: ₹1,113.16
- FY 2023: ₹620.09
- FY 2022: ₹11.02
- EBITDA Margin (%):
- FY 2024: 17.91%
- FY 2023: 17.02%
- FY 2022: 2.09%
- Profit After Tax (PAT):
- FY 2024: ₹663.69
- FY 2023: ₹363.46
- FY 2022: ₹7.90
- PAT Margin (%):
- FY 2024: 10.68%
- FY 2023: 9.97%
- FY 2022: 1.50%
Key Financial Ratios:
- Return on Equity (ROE):
- FY 2024: 34.12%
- FY 2023: 114.23%
- FY 2022: 11.57%
- Return on Capital Employed (ROCE):
- FY 2024: 33.52%
- FY 2023: 41.57%
- FY 2022: 2.98%
- Debt-to-Equity Ratio:
- FY 2024: 0.27
- FY 2023: 3.07
- FY 2022: 4.40
- Current Ratio:
- FY 2024: 2.64
- FY 2023: 1.47
- FY 2022: 1.77
- Net Profit Ratio (%):
- FY 2024: 10.68%
- FY 2023: 9.97%
- FY 2022: 1.50%
- Earnings Per Share (EPS):
- FY 2024: ₹5.21
- FY 2023: ₹4.01
Observations
- The company has shown strong growth in revenue and profitability over the last three years.
- EBITDA and PAT margins have significantly improved, indicating enhanced operational efficiency.
- The declining Debt-to-Equity ratio reflects the company’s improving financial leverage.
Risk Factors
Potential risks include:
- Fluctuations in raw material prices.
- Dependence on a few suppliers and clients.
- Exposure to competition in the unorganized sector.
- Economic downturns may impact consumer spending.
Investors are therefore advised to carefully evaluate these factors before deciding to invest.
Leo Dry Fruits and Spices Trading Ltd IPO Subscription Status
On the 2nd day of the subscription window, January 2, 2025 the IPO has been subscribed 14.15 times. In the retaol category the IPO is subscribed 20.12 times, 1 is QIB and 17.35 times in the NII category.
Leo Dry Fruits and Spices Trading Ltd IPO Allotment Status
The registrar for Leo Dry Fruits and Spices Trading Ltd IPO is Bigshare Services Private Limited. The allotment status can be checked on the website of the registrar.
Leo Dry Fruits and Spices Trading Ltd IPO GMP Rates
The GMP rates for Leo Dry Fruits and Spices Trading Ltd IPO is 0 as on January 01, 2025.
Leo Dry Fruits and Spices Trading Ltd IPO Listing Date
The shares of the company are expected to listed on the exchange dated January 8, 2025.
Conclusion
Leo Dry Fruits and Spices Trading Ltd’s IPO offers a promising investment opportunity to investors in a growing industry. With its clear objectives, sound financials, and experienced leadership, the company is poised for further success. However, as with any investment potential investors must weigh the risks carefully alongside the growth prospects to make informed decisions.
Happy IPO Investing!
Related Information
Check Current & Upcoming IPOs