Leo Dry Fruits and Spices Trading IPO Closed
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Schedule of Leo Dry Fruits and Spices Trading
| Issue open date | 01 Jan 2025 |
| Issue close date | 03 Jan 2025 |
| UPI mandate deadline | 03 Jan 2025 (5 PM) |
| Allotment finalization | 06 Jan 2025 |
| Refund initiation | 07 Jan 2025 |
| Share credit | 07 Jan 2025 |
| Listing date | 08 Jan 2025 |
| Mandate end date | 18 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 05 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 06 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Leo Dry Fruits and Spices Trading
Leo Dry Fruits and Spices Trading, under the brands “VANDU” and “FRYD,” specializes in manufacturing, processing, and trading spices, dry fruits, frozen/semi-fried products, and grocery items. Their diverse product range includes whole and blended spices, plain and flavored dry fruits, ghee, seasonings, and snacks like chiz bites. Operating through B2B, B2C, and D2C channels, they distribute via e-commerce platforms, distributors, and direct sales, with associations with police/naval canteens and CSD. Their FSSAI-accredited manufacturing unit in Thane, Maharashtra, ensures quality production, leveraging strategic proximity to raw materials. With recent exclusive distributorship for “MUNCHIN” snacks, they aim to expand nationally and globally, delivering quality products across markets.
Financials of Leo Dry Fruits and Spices Trading
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹25.12 crores |
| Fresh Issue | ₹25.12 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding working capital requirements | 15 (59.71%) |
| Branding, Advertisement and Marketing | 4.25 (16.92%) |
| General corporate purposes and others | 5.87 (23.37%) |
Strengths
- Wide product range catering to varied segments
- Manufacturing units near raw material hubs reduce costs
- Strong market presence across B2B, B2C, and D2C
- Experienced promoters with industry ties
Risks
- No long-term vendor agreements for key products
- Sales are heavily concentrated in Maharashtra
- Raw material price fluctuations affect margins
- Dependence on limited machinery and job workers
Allotment Status for Leo Dry Fruits and Spices Trading
To check your allotment status – click here.