Leo Dryfruits & Spices Trading Ltd is set to launch its Initial Public Offering (IPO) on January 1, 2025, aiming to raise ₹25.12 crore. This article provides a comprehensive overview of the IPO, including company details, financials, and key dates, to assist potential investors in making informed decisions.

Company Overview

Incorporated in November 2019, Leo Dryfruits & Spices Trading Ltd specializes in manufacturing and trading a diverse range of spices, dry fruits, and grocery products under the brand “VANDU,” and frozen/semi-fried products under “FRYD.” Operating from its manufacturing unit in Thane, Maharashtra, the company serves B2B, B2C, and D2C segments, distributing products through wholesalers, e-commerce platforms like Amazon and Flipkart, and its own website.

IPO Timeline

• IPO Opening Date: January 1, 2025
• IPO Closing Date: January 3, 2025
• Basis of Allotment: January 6, 2025
• Initiation of Refunds: January 7, 2025
• Credit of Shares to Demat Accounts: January 7, 2025
• Listing Date: January 8, 2025

Price Band and Lot Size

• Price Band: ₹51 to ₹52 per share
• Lot Size: 2,000 shares
• Minimum Investment: ₹1,04,000

Financials

Leo Dryfruits & Spices Trading Ltd has demonstrated significant growth in recent years:

• Revenue: Increased from ₹36.46 crore in FY 2022-23 to ₹62.27 crore in FY 2023-24, marking a 71% growth.
• Profit After Tax (PAT): Rose from ₹3.63 crore in FY 2022-23 to ₹6.64 crore in FY 2023-24, an 83% increase.
• Total Assets: Grew from ₹26.64 crore in FY 2022-23 to ₹52.35 crore in FY 2023-24.

Strengths

• Experienced Leadership: Led by seasoned promoters and a skilled management team with deep industry expertise.
• Diversified Product Portfolio: Offers a wide range of products, including spices, dry fruits, ghee, and frozen items, catering to varied customer needs.
• In-House Manufacturing: Operates its own manufacturing and processing unit, ensuring quality control and operational efficiency.
• Established Brand Presence: Growing brand equity for “VANDU” and “FRYD,” supported by widespread distribution.
• Wide Customer Base: Balanced presence across B2B, B2C, and D2C markets, ensuring revenue diversification.

Risks

• Supply Chain Dependence: The success of processing spices is dependent on the timely supply of raw materials to its processing unit, which are subject to various uncertainties and risks.
• Price Fluctuations: Material and traded product prices are subject to fluctuations, which could impact profitability.
• Legal Proceedings: Ongoing legal matters involving the company, promoters, or directors may lead to liabilities or penalties, impacting operations and financial performance.

IPO Anchor Investors Details

As of now, specific details regarding anchor investors have not been disclosed.

IPO Promoter Holding

IPO Grey Market Premium (GMP)

As of December 26, 2024, the Grey Market Premium for Leo Dryfruits & Spices Trading Ltd IPO is ₹0, indicating no premium over the issue price.

Final Thoughts

Leo Dryfruits & Spices Trading Ltd presents a compelling opportunity for investors, given its robust financial growth, diversified product range, and established market presence. However, potential investors should carefully consider the associated risks, including supply chain dependencies and market price fluctuations, before making investment decisions.