The allotment for Leo Dry Fruits and Spices IPO is expected to be finalized today or by tomorrow morning. Shares will be allocated to investors via a lottery system under the supervision of the registrar. Investors can check their allotment status on either the BSE website or the registrar’s portal, Bigshare Services.
How to Check Leo Dry Fruits and Spices IPO Allotment Status
Via BSE Website:
1. Visit BSE Website.
2. Select the issue name (Leo Dry Fruits and Spices IPO) from the dropdown.
3. Enter your application or PAN number and click on the search button.
Via Bigshare Services (Registrar):
1. Go to Bigshare Services IPO Status Page.
2. Select the IPO name (Leo Dry Fruits and Spices IPO).
3. Enter your PAN details and search for allotment status.
Grey Market Premium (GMP) Update
Leo Dry Fruits and Spices shares are currently trading at a Grey Market Premium (GMP) of Rs 20, indicating a 38% premium over the issue price. The shares are set to list on the stock exchanges on January 8, 2025.
Subscription and Purpose of IPO
The Rs 25-crore SME IPO of Leo Dry Fruits and Spices witnessed a robust subscription, receiving bids 180 times the offer size. The funds raised will be used for:
• Working capital requirements
• Branding, advertising, and marketing activities
• General corporate purposes
About Leo Dry Fruits and Spices
Leo Dry Fruits and Spices operates under the brand names “Vandu” (for spices, dry fruits, and groceries) and “FRYD” (for frozen and semi-fried products). The company offers:
• Whole and blended spices
• Plain, roasted, and flavored dry fruits
• Various grocery items like ghee, poppy seeds, sesame seeds, and more
In FY24, the company’s revenue grew by 70% year-on-year to Rs 62.16 crore, while profit after tax surged 79% YoY to Rs 9.58 crore.
Stay updated on the latest IPO developments and check your allotment status to see if you’ve secured shares in this promising SME IPO.