Leo Dry Fruits and Spices IPO Itemizing: Share of ₹52 listed at ₹68, enterprise well being of the corporate can also be robust. – INA NEWS

Leo Dry Fruits and Spices IPO Itemizing: Shares of Leo Dry Fruits and Spices, which sells dry fruits and spices, had entry on BSE SME right now however then fell underneath the strain of revenue reserving. Its IPO additionally acquired an amazing response from traders and it acquired greater than 181 instances the general bid. Below the IPO, shares have been issued at a worth of Rs 52. Right this moment it has entered BSE SME at Rs 68, which suggests IPO traders acquired an inventory achieve of 30.77% (Leo Dry Fruits and Spices Itemizing Acquire). Nevertheless, the enjoyment of IPO traders quickly light because the shares crashed. It fell to Rs 64.60 (Leo Dry Fruits and Spices Share Value) which suggests IPO traders at the moment are making 24.23 p.c revenue.

Leo Dry Fruits and Spices IPO acquired robust response

Leo Dry Fruits & Spices’ ₹25.12 crore IPO was open for subscription from January 1-3. This IPO acquired an amazing response from traders and general it was subscribed 181.77 instances. On this, the portion reserved for Certified Institutional Patrons (QIB) was stuffed 68.06 instances, the share for Non-Institutional Traders (NII) was 394.59 instances and the share for retail traders was 154.5 instances. Below this IPO, 48.30 lakh new shares with face worth of Rs 10 have been issued. The corporate will use the cash raised by means of these shares to fulfill working capital necessities, advertising and marketing and normal company functions.

About Leo Dry Fruits and Spices

Leo Dryfruits and Spices Buying and selling, shaped in November 2019, is within the enterprise of dry fruits and spices underneath the model identify Vandu and frozen and semi-fried merchandise underneath the model identify ‘FRYD’. Its enterprise is in B2B, B2C and D2C segments. Speaking in regards to the monetary well being of the corporate, it has constantly strengthened. Within the monetary yr 2022, it had a web revenue of Rs 7.9 lakh, which jumped to Rs 3.63 crore within the subsequent monetary yr 2023 and to Rs 6.64 crore within the monetary yr 2024. Throughout this era, the corporate’s income elevated at a compound development charge (CAGR) of greater than 243 p.c yearly to Rs 62.27 crore. Speaking in regards to the present monetary yr 2024-25, within the first half April-September 2024, it has achieved a web revenue of Rs 1.87 crore and a income of Rs 17.88 crore.

Droom begins preparations for IPO once more, will file draft paper once more this yr