Leo Dry Fruits and Spices IPO is here which is open from 1st Jan 2025 and the final bidding was on 03rd Jan 2025. The total issue size was ₹25 Cr, having the price band for bidding ₹51 to ₹52. The minimum lot size is 2000 shares, which makes the minimum investment amount equal to ₹1,04,000(If you bid for only one 1lot ₹52*2000 – ₹1,04,000). The allotment of the share is on 6th Jan 2025 and the refund and share credit date is 07th Jan 2025.
This is the first IPO of 2025, which has made investors more enthusiastic about the IPO market. Many more IPOs will come in the year 2025. Also, from the IPO TV family, we wish you a HAPPY NEW YEAR. This blog will give you the latest GMP of VANDU (Leo Dry Fruits and Spices Trading), as well as an overview and valuation.
Leo Dry Fruits GMP trend
| Date | GMP Price | Trend | Kostak | Subject to Sauda |
|---|---|---|---|---|
| 03-Jan 2025 | ₹18 | 📈 | – | 27,400 |
| 02-Jan 2025 | – | – | – | – |
| 01-Jan 2025 | – | – | – | – |
The current GMP for the Leo Dry Fruits is unknown. We can’t find any trade in the Grey market. Sometimes it may happen that if the stock is an underdog there is no spike in the GMP market. So, my suggestion is not to consider the GMP price for the evaluation of Leo Dry Fruits IPO.
Disclaimer:- We are not a SEBI-registered entity. All the information provided is for educational purposes only. We do not encourage or promote any particular stock.
Leo Dry Fruits Overview
Leo Dryfruits and Spices has two known brands known as under the brand name of Vandu Spices and FRYD Foods. Leo Dryfruits and Spices manufactures and distributes different spices, dry fruits, grocery-packed foods, ready-to-eat products, and frozen-fried products. Leo Dryfruits and Spices has specialized its business in the following segments – B2B(Business to Business), B2C(Business to Customer), and D2C(Direct to Customer). Leo Dryfruits and Spices has a manufacturing unit in Thane, Maharastra which follows the FSSAI manufacturing standards.
The Leo Dryfruits and Spices us incorporated in November 2019 and quickly gained its market in various segments of food products. They manufacture and trade various varieties of spices (All types of spices used in the kitchen), foods, dry fruits (plain, roasted, and flavored), Semi-fried food items(Ready to eat products such as french fries), and other grocery products(Chilli flakes, oregano, butter). Their maximum revenue comes from the spices segment which contributes around 88.58% of total revenue, followed by Dry-fruits which contributes around 8.69%, and then other grocery and frozen products which combine 2% of total revenue.
The revenue from the distribution network is B2B(Bussiness-to-Bussiness) is 77% of total revenue, followed by B2C(Bussiness-to-Customer) which is around 17%, and then D2C(Direct-to-Customer) which contributes 6% of total revenue.
Leo Dry Fruits and Spices IPO Details
Here are the following Leo Dry Fruits and Spices IPO details which are listed in the table for better understanding.
| Stock Symbol | VANDU |
| Industry | Food and Spices |
| Issue Size | ₹25 Cr |
| Lot Size | 2000 |
| Price Range | ₹51 – ₹52 |
| Bid Start Date | 01st Jan 2025 |
| Bid End Date | 03rd Jan 2025 |
| Allotment Date | 06th Jan 2025 |
| Refund and Share Credit Date | 07th Jan 2025 |
| Listing Date | 08th Jan 2025 |
| Mandate End Date | 18th Jan 2025 |
| Lock-in end Date | 06 Arp 2025 |
| Prospectus | Download |
The objective of Leo Dry Fruits and Spices IPO
Here is the following list of the Objectives for Leo Dry Fruits and Spices IPO:-
- The primary objective of raising funds from an Initial public offer is to utilize funds for working capital.
- The second objective is to utilize the funds for Branding, Marketing, Advertisement, and for Sponsor.
- The last reason is to use funds in general corporate operations.
Leo Dry Fruits and Spices IPO Valuation
All the valuations are in crores(Cr) INR. The source of the information is from Screener. If you want to see more detail on the IPO then follow my blog here.