Leo Dryfruits & Spices Trading SME IPO Details, Financials, Valuation & Peers
Explore Leo Dryfruits & Spices Trading IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Leo Dryfruits & Spices Trading Limited is engaged in the manufacturing, processing, trading, and marketing of a diverse range of spices, dry fruits, frozen/semi-fried products, and other grocery items under its flagship brands “VANDU” and “FRYD.” The company caters to B2B, B2C, and D2C segments, offering products like whole and blended spices, plain and flavored dry fruits, ghee, seasonings, and various grocery essentials. With a state-of-the-art manufacturing/processing unit in Thane, Maharashtra, the company ensures high-quality production using scientific methods to retain the natural properties of food. Leo Dryfruits leverages its strategic location near the APMC market to source raw materials efficiently, minimizing transportation costs. The company also acts as an anchor distributor for products like Campa Cola and has established a robust presence across e-commerce platforms and its website to cater directly to consumers.
Key Points:
- Product Portfolio:
- Spices: Whole and blended spices in various packaging sizes.
- Dry Fruits: Plain, roasted, and flavored dry fruits.
- Grocery Products: Ghee, seasonings, chili flakes, garlic powder, pulses, sesame seeds, and more under the "VANDU" brand.
- Frozen Products: Semi-fried items like chiz bites under the "FRYD" brand.
- Business Model:
- Operates across trading and manufacturing/processing verticals.
- Caters to B2B (bulk unbranded sales), B2C (retail through distributors, super stockists, and e-commerce), and D2C (direct sales via the company website).
- Manufacturing Facility:
- Located in Thane, Maharashtra, near the APMC market for efficient raw material sourcing.
- Equipped with modern machinery for cleaning, grading, blending, grinding, and packaging.
- Strategic Advantages:
- Strong distribution network and presence on major e-commerce platforms like Amazon and Flipkart.
- Quality-driven approach, leveraging natural and scientific methods to retain food properties.
- Growth Opportunities:
- Continuous product portfolio expansion through third-party sourcing and in-house processing.
- Emphasis on e-commerce and D2C strategies to enhance market reach.
- Strong potential in frozen/semi-fried product categories.
Objects of the Issue
- Funding working capital requirements of the company;
- Branding, Advertisement and Marketing activities;
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 01 Jan - 03 Jan 2025 |
| IPO Price Band | ₹51 - ₹52 per share |
| Fresh Issue | 48,30,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹25.12 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 01 Jan 2025 |
| IPO Closing Date | 03 Jan 2025 |
| Basis Of Allotment | 06 Jan 2025 |
| Refunds | 07 Jan 2025 |
| Demat Transfer | 07 Jan 2025 |
| IPO Listing Date | 08 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 5.27 | 36.47 | 62.27 | 17.88 |
| Total Expenses | 5.16 | 31.12 | 52.68 | 15.21 |
| Net Profit/Loss | 0.08 | 3.63 | 6.64 | 1.87 |
| NPM (*) | 1.50 | 9.97 | 10.68 | 10.47 |
| Total Assets | 11.99 | 26.64 | 52.35 | 69.89 |
| Total Liabilities | 10.62 | 21.64 | 18.45 | 34.11 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 0.10 | 4.01 | 5.21 | 1.43 |
| ROE (%) | 11.57 | 114.23 | 34.12 | 5.23 |
| ROCE (%) | 2.98 | 41.57 | 33.52 | 6.26 |
| D/E Ratio | 4.40 | 3.07 | 0.27 | 0.47 |
| Current Ratio | 1.77 | 1.47 | 2.64 | 2.01 |
| EBITDA MARGIN (%) | 2.09 | 17.02 | 17.91 | 19.78 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Leo Dryfruits & Spices Trading Limited | 62.17 | 9.98 | 5.21 | 19.58 | 26.63 |
| Jetmall Spices and Masala Limited | 1.31 | 156.43 | 0.07 | 0.44 | 16.22 |
| HOAC Foods India Limited | 15.63 | 32.22 | 3.88 | 30.53 | 12.69 |
| Madhusudan Masala Ltd | 162.22 | 24.65 | 8.27 | 19.97 | 35.70 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 68.06 |
| Non-Institutional Investor (NII/HNI) | 394.59 |
| Retail Individual Investor (RII) | 154.5 |
| Total | 181.77 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. KAUSHIK SOBHAGCHAND SHAH
- MR. KETAN SOBHAGCHAND SHAH
- MR. PARTH ASHISH MEHTA
Lead Managers
- SHRENI SHARES LIMITED
Company Address
Leo Dryfruits & Spices Trading Limited
A 812, MIDC Khairane, Thane Belapur Rd, TTC Industrial Area, Koperkhairane, Thane, Maharashtra400705, India
Phone: + 91 9321126141
Email: info@leodryfruitsandspices.com
Website: www.leodryfruitsandspices.com
FAQs
- What is the issue size of the Leo Dryfruits & Spices Trading SME IPO?The Leo Dryfruits & Spices Trading SME IPO has an issue size of ₹25.12 crore. This includes a fresh issue of 48,30,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Leo Dryfruits & Spices Trading IPO?The price band for the Leo Dryfruits & Spices Trading IPO is ₹51 - ₹52 per share.
- What are the bidding dates for the Leo Dryfruits & Spices Trading IPO?The Leo Dryfruits & Spices Trading IPO will open for bidding on 01 Jan 2025 and close on 03 Jan 2025.
- What is the allotment date for the Leo Dryfruits & Spices Trading IPO?The allotment date for the Leo Dryfruits & Spices Trading IPO is 06 Jan 2025.
- What is the minimum lot size and investment required for the Leo Dryfruits & Spices Trading IPO?The minimum lot size for the Leo Dryfruits & Spices Trading IPO is 2000 shares and the minimum investment required is ₹1,04,000.
- What is the listing date for the Leo Dryfruits & Spices Trading IPO?The listing date for the Leo Dryfruits & Spices Trading IPO is 08 Jan 2025.
- What is the Leo Dryfruits & Spices Trading IPO grey market premium?The grey market premium (GMP) for the Leo Dryfruits & Spices Trading IPO is currently at ₹18, with an expected listing gain of approximately 34.62%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.