Leo Dry Fruits & Spices Trading Ltd IPO

Incorporated in November 2019, Leo Dryfruits & Spices Trading Limited specializes in manufacturing and trading a variety of spices and dry fruits under the brand VANDU as well as frozen and semi-fried products under “FRYD. The company supplies whole and blended spices, roasted and flavoured dry fruits, ghee, seasonings, and other grocery items in various packaging sizes.

The company’s business is divided into two verticals:-

  • Trading of Products
  • Manufacturing and Processing of Spices

The company’s manufacturing unit is situated in Thane, Maharastra.

The company operates in three segments: B2B, B2C, and D2C.

  • In the B2B segment, the company wholesales whole spices and dry fruits in bulk to traders for unbranded resale
  • In the B2C segment, the company sells its products as whole spices, blended spices, dry fruits, and groceries under VANDU through distributors, super stockists, e-commerce platforms like Amazon and Flipkart, and its website.
  • In the D2C segment, they sell directly to customers through its website and online channel partners such as Amazon, Flipkart etc.

As of September 30, 2024, the Company had approximately 46 permanent employees at various levels.

Competitive Strength:

  • Experienced promoters and management team
  • Diversified product portfolio
  • In house manufacturing and processing capabilities
  • Increased brand equity over the years.
  • Wide spread customer base across various segments.

Leo Dry Fruits and Spices Trading Ltd Financial Information (Restated)

Leo Dry Fruits and Spices Trading Ltd’s revenue increased by 71% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets6,988.785,234.952,664.011,198.64
Revenue1,788.246,226.513,646.83526.54
Profit After Tax187.18663.69363.467.9
Net Worth3,577.443,390.26499.91136.45
Reserves and Surplus2,271.292,084.12370.416.95
Total Borrowing1,670.06914.641,537.13601
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Leo Dry Fruits and Spices IPO is Rs 93.04 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE34.12%
ROCE33.52%
Debt/Equity0.27
RoNW19.58%
PAT Margin10.68
Price to Book Value1.95
 Pre IPOPost IPO
EPS (Rs)5.083.71
P/E (x)10.2314.02
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Leo Dry Fruits and Spices IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  • Funding working capital requirements of the company;
  • Branding, Advertisement and Marketing activities;
  • General corporate purposes

Leo Dry Fruits and Spices IPO Details

IPO DateJanuary 1, 2025 to January 3, 2025
Listing Date[.]
Face Value₹10 per share
Price Band₹51 to ₹52 per share
Lot Size2,000 Shares
Total Issue Size48,30,000 shares
(aggregating up to ₹25.12 Cr)
Fresh Issue48,30,000 shares
(aggregating up to ₹ 25.12 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share Holding Pre Issue1,30,61,440 shares
Share Holding Post Issue1,78,91,440 shares
Market Maker Portion2,46,000 shares

Leo Dry Fruits and Spices Promoter Holding

The promoters of the company are Mr. Kaushik Sobhagchand Shah, Mr Ketan Sobhagchand Shah and Mr Parth Ashish Mehta.

Share Holding Pre Issue52.21%
Share Holding Post Issue38.11%

SHARIAH SCREENING for - Leo Dry Fruits and Spices Trading Ltd IPO

Looking to invest ethically or according to Islamic principles? Expert Ethical brokers can help. Whether you need an ethical investment broker, a halal stock broker in India, or a Shariah-compliant broker, there are specialists available. Discover how to align your investments with your values and start your journey towards ethical wealth creation today through Ethical IAP or Ethical PMS.

Visit Prosperia.in to learn more about Ethical Investment Opportunities and start your journey towards ethical wealth creation today.

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

Spread the Knowledge - Share the Latest IPO Updates and Shariah Compliant IPO's.

Latest Current & Upcoming IPOs in BSE & NSE - Including Shariah Compliant.

The IPO dashboard offers insights on the Latest Current & Upcoming IPOs in BSE & NSE. It also evaluates IPOs for Shariah compliance, ensuring alignment with Islamic principles for ethical investment choices.

IPO

Nukleus Office Solutions Limited IPO Detail

Last Updated on February 22, 2025 Nukleus Office Solutions Limited IPO Incorporated in December 2019, Nukleus Office Solutions Limited offers co-working and managed office spaces in Delhi NCR, featuring furnished

Read More »
IPO

Beezaasan Explotech Limited IPO Detail

Last Updated on February 20, 2025 Beezaasan Explotech Limited IPO Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a comprehensive range of explosives and explosive accessories. It primarily

Read More »