Leo Dry Fruits and Spices IPO allotment likely today: Check status, GMP, listing date and other details

The share allotment for Leo Dry Fruits and Spices IPO will be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Firstly, here's how you can know the status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Leo Dry Fruits and Spices IPO allotment through the registrar, which is Bigshare Services in this case, kindly follow the below steps.

Step 1: Visit the Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)

Step 2: Select Leo Dry Fruits and Spices IPO

Step 3: Enter the PAN details and click search to know the status

Check Leo Dry Fruits and Spices GMP

The company's shares are expected to get listed on the exchanges on January 8. According to market sources, Leo Dry Fruits and Spices is trading with a GMP of Rs 20 in the grey market, which translates to a premium of 38% to the issue price.

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Leo Dry Fruits and Spices IPO subscription

The Rs 25-crore SME IPO of Leo Dry Fruits and Spices received a robust response for its IPO with an overall subscription of 180 times.

The proceeds from the issue will be utilised in funding the working capital requirements of the company, branding, advertisement and marketing activities and general corporate purposes.

Leo Dryfruits and Spices is engaged in the manufacturing, trading and marketing of a wide range of spices, dry fruits and other grocery products under the brand name "Vandu" and frozen or semi fried products under the brand name of "FRYD".

The company supplies various whole spices and blended spices under the spices category, plain, roasted and flavored dry fruits under the dry fruits category and ghee, various types of seasoning, chiz bites, poppy seeds, sesame seeds and many more under other grocery products category in different packaging sizes.

The revenue from operations for the company in FY24 rose 70% YoY to Rs 62.16 crore, while the profit after tax jumped 79% YoY to Rs 9.58 crore in the same period.

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