Leo Dry Fruits and Spices IPO Price Band and GMP Chart for January 2025

Leo Dry Fruits and Spices IPO: Exciting Price Band, GMP, and Key Details You Should Know 2025

The much-awaited Leo Dry Fruits and Spices IPO is in full swing! After opening for subscription on January 1, 2025, the IPO is set to close on January 3, 2025. Whether you’re looking to invest or just interested in the details, here’s everything you need to know about the price band, GMP (Grey Market Premium), and the key dates.

IPO Details: Price Band and Listing Dates

The price band for the Leo Dry Fruits and Spices IPO is set between ₹51 and ₹52 per share. The company aims to raise ₹25.12 crore through the issue of 48.30 lakh shares. This SME IPO is a fresh issue, with no offer for sale (OFS).

  • Price Band: ₹51 to ₹52 per share
  • Subscription Period: January 1, 2025 – January 3, 2025
  • Allotment Date: January 6, 2025
  • Listing Date: January 8, 2025 (on BSE SME Platform)

Leo Dry Fruits IPO and Spices IPO Subscription Details

The IPO has already garnered significant interest from investors. As of Day 3 (January 3, 2025), the Leo Dry Fruits and Spices IPO was subscribed a massive 25.5 times in total, showcasing strong demand across various investor categories.

  • Retail Investors: 36.59 times
  • Non-Institutional Investors (NII): 31.48 times
  • Qualified Institutional Buyers (QIB): 1.01 times

The oversubscription, particularly in the retail and NII segments, is a positive sign for the stock’s listing and reflects the trust investors have in the company.

GMP (Grey Market Premium) and Listing Expectations

The Grey Market Premium (GMP) for Leo Dry Fruits and Spices IPO is ₹18 as of January 3, 2025. With the upper price band set at ₹52, this suggests that the stock could list at approximately ₹70 per share, offering an estimated gain of 34.62% to those who successfully secure an allotment.

For investors, the GMP is a crucial indicator of the market’s perception of the IPO’s future performance. A positive GMP typically signals that the stock will list at a premium, and the current GMP suggests a promising start for Leo Dry Fruits and Spices in the market.

Investment Opportunities: How to Apply

If you’re looking to invest in Leo Dry Fruits and Spices, here’s a breakdown of the application process and lot sizes:

  • Retail Investors: Minimum lot size of 2,000 shares, which requires an investment of ₹1,04,000.
  • High Net-Worth Individuals (HNIs): Minimum lot size of 4,000 shares, requiring an investment of ₹2,08,000.

For those looking to apply, it’s essential to understand the pricing and the lot sizes to ensure you place your bids effectively before the subscription window closes.

Leo Dry Fruits and Spices: What’s the Company About?

Leo Dry Fruits and Spices is a renowned name in the dry fruits and spices industry, offering a wide range of high-quality products. Known for its excellence in quality and taste, the company plans to use the funds raised from this IPO to support its working capital requirements, expand its operations, and fulfill other corporate goals.

The funds will be vital for scaling operations, increasing market share, and improving product offerings. As the dry fruits and spices industry continues to grow, Leo Dry Fruits and Spices is poised to benefit from an expanding market.

Key Takeaways for Investors

  • IPO Price Band: ₹51 to ₹52 per share
  • Subscription Closes: January 3, 2025
  • Allotment Date: January 6, 2025
  • Listing Date: January 8, 2025 (BSE SME platform)
  • GMP: ₹18 (indicating potential listing price of ₹70)
  • Investment Minimum: ₹1,04,000 for retail investors (2,000 shares)

Leo Dry Fruits and Spices IPO has generated substantial interest, and with the GMP pointing to an attractive listing price, this IPO could be a great opportunity for those looking to diversify their portfolio with a growing company in the FMCG sector.

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