ENA MSME 2025-01-08 15:11:09 <p><span style="font-size:14px"><strong>New Delhi, Jan 8 (KNN)</strong> Leo Dryfruits &amp; Spices Trading made its market debut on the Bombay Stock Exchange (BSE) with shares trading at Rs 66.30, marking a 27.50 per cent premium over its initial public offer (IPO) price of Rs 52. </span></p> <p><span style="font-size:14px">The stock opened at Rs 68, representing a 30.77 per cent premium, though it subsequently declined 2.5 per cent from its listing price.</span></p> <p><span style="font-size:14px">Trading activity was robust, with approximately 18.78 lakh shares changing hands. The stock experienced an intraday high of Rs 68 and a low of Rs 64.60. </span></p> <p><span style="font-size:14px">The company's recent IPO garnered significant interest, achieving a subscription rate of 169.08 times during its bidding period from January 1 to January 3, 2025, with a price band set at Rs 51-52 per share.</span></p> <p><span style="font-size:14px">The public offering consisted of 35,06,000 fresh shares, resulting in a reduction of promoter and promoter group shareholding from 52.21 per cent to 38.11 per cent. </span></p> <p><span style="font-size:14px">Prior to the IPO, the company successfully raised Rs 6.88 crore from anchor investors on December 31, 2024, allocating 13.24 lakh shares at Rs 52 per share to six investors.</span></p> <p><span style="font-size:14px">Leo Dryfruits &amp; Spices Trading operates in the food processing sector, manufacturing and marketing a diverse range of products under two primary brands including VANDU for spices, dry fruits, and grocery items, and FRYD for frozen and semi-fried products. </span></p> <p><span style="font-size:14px">The company's portfolio includes whole and blended spices, plain and flavored dry fruits, ghee, seasonings, and various other grocery products. </span></p> <p><span style="font-size:14px">As of June 30, 2024, the company employed 45 individuals across different organisational levels.</span></p> <p><span style="font-size:14px">The company plans to utilise the IPO proceeds for expanding working capital, enhancing brand visibility through marketing initiatives, and general corporate purposes. </span></p> <p><span style="font-size:14px">Financial records indicate that the company generated revenue from operations of Rs 62.16 crore and achieved a net profit of Rs 6.63 crore for the fiscal year ending March 31, 2024.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 40564 https://knnindia.co.in/news/newsdetails/msme/leo-dryfruits-spices-makes-strong-bse-debut-with-275-listing-premium 2025-01-08 15:11:09 knnindia.co.in