Leo Dryfruits & Spices Trading: The yr 2025 has introduced an excellent incomes alternative for inventory market buyers. The IPO of Leo Dry Fruits and Spices Trading Limited has opened for subscription. The firm supplied shares value 35.06 lakh, whereas until now bids have been made for 98.32 lakh shares.
The price band of IPO was fixed this much
According to BSE information until 5 pm on January 1, 2025, Leo Dryfruits & Spices Trading obtained bids for 98,32,000 shares in opposition to the provide of 35,06,000 shares within the preliminary share sale. This subject was subscribed 2.80 instances.
The firm’s IPO opened for subscription immediately and the problem will shut on January 3. The price band of the corporate’s IPO has been fixed at Rs 51-52 per share. The minimal lot measurement of this IPO is 2000 shares. That means buyers will have the ability to bid for no less than 2000 shares and in multiples thereof. The firm’s shares can be listed on BSE SME on January 8.
The quantity obtained from the problem can be used for this work
The IPO features a contemporary subject of 35,06,000 shares. After the problem, the full stake of promoters and promoter group within the firm will scale back from 52.21 % to 38.11 %. Approximately 2,46,000 fairness shares can be reserved for subscription in this subject, whereas the online subject includes 32,60,000 fairness shares.
The subject and internet subject will represent 27 per cent and 25.62 per cent of the post-offer paid-up fairness share capital of the corporate, respectively. The firm intends to make the most of the online proceeds from this subject to fulfill the working capital necessities of the corporate, perform branding, promoting and advertising and marketing actions and for common company functions.
Strong response obtained even on the final day of the yr
Leo Dryfruits and Spices Trading obtained a robust response earlier than the IPO. The firm raised Rs 6.88 crore from anchor buyers on Tuesday December 31, 2024. The board allotted 13.24 lakh shares to six anchor buyers at Rs 52 per share.
Leo Dryfruits and Spices Trading does enterprise of all kinds of spices and dry fruits underneath the model title VANDU. It additionally manufactures frozen and semi-fried merchandise underneath the FRYD model title.
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As quickly because the order from Mukesh Ambani’s firm was obtained, this inventory grew to become a storm, patrons began competing.
