Leo Dry Fruits and Spices IPO: More than 20 SME and mainboard IPOs have come together in this month of December. Most of the returns have been good. Now investors are waiting for next year’s IPO. If you are thinking of investing in IPO in the new year, then this news is for you. The special thing is that the IPO of Leo Dry Fruits and Spices is opening for investors on January 1, the first day of the year. There is a book built issue of Rs 25.12 crore. This issue is a completely fresh issue of 48.30 lakh shares.
You can place bets till January 3.
The IPO of Leo Dry Fruits and Spices will open on January 1 and close on January 3, 2025. The price band of Leo Dry Fruits and Spices IPO has been fixed at Rs 51-52 per share. The allotment for Leo Dry Fruits & Spices IPO will take place on Monday, January 6, 2025. Leo Dry Fruits & Spices IPO may be listed on BSE MSE on January 8.
How much will have to be invested
It is important that one lot of IPO should be of 2000 shares. Investors can bid for a minimum of 2000 shares and in multiples thereof. The minimum amount required for a retail investor is ₹1,04,000. The lot size for HNI is 2 lots (4000 shares), amounting to ₹2,08,000. Shreni Shares Limited is the book running lead manager of Leo Dry Fruits & Spices IPO. While BigShare Services Private Limited is the registrar to the issue. The market maker for Leo Dry Fruits & Spices IPO is Rikhav Securities Limited.
company business
Leo Dry Fruits & Spices Trading Limited, established in November 2019, is active in manufacturing and trading of various spices and dry fruits under the brand VANDU. FRYD also includes frozen and semi-fried products. The promoters of the company are Kaushik Sobhagchand Shah, Ketan Sobhagchand Shah and Parth Ashish Mehta.
