Leo Dry Fruits IPO Allotment Today: Check Status, GMP, and Listing Schedule

The eagerly awaited allotment of shares for Leo Dry Fruits & Spices Trading's initial public offering (IPO) is set to be finalized today, marking a significant milestone for the company. The IPO closed with overwhelming participation from investors, who showed immense enthusiasm for this offering.

Leo Dry Fruits offered a fresh issue of 48,30,000 equity shares priced between Rs 51 and Rs 52 per share, with a minimum lot size of 2,000 shares. As of January 3, 2025, the IPO was oversubscribed by an astounding 181 times, reflecting strong investor interest in the company’s growth potential.

How to Check Leo Dry Fruits IPO Allotment Status

Once the allotment process is completed, investors who applied for the Leo Dry Fruits IPO can check their allotment status through the official websites of the Bombay Stock Exchange (BSE) and Bigshare Services, the registrar for the issue. Investors can easily access the status by following the links provided:

• Check Allotment Status on BSE: BSE IPO Allotment Status

• Check Allotment Status on Bigshare Services: Bigshare IPO Status

These platforms will allow investors to quickly determine whether they have been allotted shares in this highly anticipated offering.

Utilization of Funds from Leo Dry Fruits IPO

The funds raised through the IPO will be used by Leo Dry Fruits for multiple purposes aimed at supporting its business operations. According to the Red Herring Prospectus, the company intends to use the proceeds primarily for its working capital needs, which will help strengthen its operational capacity.

Additionally, Leo Dry Fruits plans to allocate funds towards branding, advertising, and marketing initiatives to enhance its market presence and drive growth. The company will also use a portion of the funds for general corporate purposes, ensuring the continued expansion and development of its operations.

Leo Dry Fruits IPO Grey Market Premium (GMP) Trends

As the IPO allotment process is underway, the unlisted shares of Leo Dry Fruits are seeing a robust premium in the grey market, indicating positive expectations for the listing. Current reports from sources monitoring the grey market show that the company's shares are trading at Rs 72, which reflects a significant grey market premium (GMP) of Rs 20 or 38.46% above the IPO price of Rs 52. This price increase in the grey market suggests that investors expect a favorable listing on the BSE SME platform, which is scheduled for Wednesday, January 8, 2025.

While the GMP is often viewed as an indicator of an IPO’s market performance, it is important to note that grey market prices are unregulated and can fluctuate unpredictably. Therefore, investors should exercise caution and base their decisions on more informed analysis rather than relying solely on GMP trends.

Listing Schedule and Expectations

The listing of Leo Dry Fruits shares on the BSE SME platform is slated for January 8, 2025, and market watchers anticipate that the shares will perform well based on the strong GMP trends. However, it is crucial to understand that actual listing performance may differ from grey market expectations, given that the grey market operates outside the regulation of official exchanges.

Leo Dry Fruits’ solid IPO performance, coupled with its promising GMP, paints an optimistic picture for the company’s public debut. However, as with all IPO investments, potential investors should carefully consider the risks and opportunities before making any investment decisions.

About Leo Dry Fruits & Spices Trading

Leo Dry Fruits & Spices Trading, founded in November 2019, operates within the spice and dry fruit industry. The company manufactures and trades a variety of products under the VANDU brand for spices and dry fruits and offers frozen products under the FRYD label.

The company has a production unit in Thane, Maharashtra, and operates in the B2B, B2C, and D2C segments, providing its products through a variety of distribution channels, including e-commerce platforms and its official website. This diverse business model positions Leo Dry Fruits to continue growing and expanding within the competitive food industry.

Conclusion

With the allotment process for Leo Dry Fruits IPO set to be finalized today, the company’s path to listing on the BSE SME platform is almost complete. Investors who participated in this oversubscribed IPO will be eager to check their allotment status and anticipate the company’s public market debut on January 8, 2025. The company’s robust grey market premium indicates a promising future for its shares, but as always, investors should approach IPO investments with caution and make informed decisions.