Leo Dry Fruits and Spices Trading Ltd. is set to finalise the allotment of shares in its initial public offering on Monday, Jan. 6 after a strong subscription. The BSE SME issue, which opened on Jan. 1, witnessed great demand from investors, with applicants bidding for 59,25,64,000 shares out of the 32,60,000 shares up on offer.

The Leo Dry Fruits and Spices Trading IPO was overall subscribed 181.77 times, with non-institutional investors leading the demand. NIIs booked 394.59 times the shares allocated for them. The IPO was booked 154.5 times in the retail category and 68.06 times in the qualified institutional buyers (QIBs) segment.

The Rs 25.12-crore IPO is an entirely fresh issue of 48.3 lakh shares, offered at a price band of Rs 51 and Rs 52 per share.

BigShare Services Pvt. has been appointed as the registrar for the Leo Dry Fruits and Spices Trading IPO.

Investors who have applied for Leo Dry Fruits and Spices Trading IPO can check the allotment status on Monday, on the websites of the registrar and the BSE. The shares are slated to list on Jan. 8 on BSE SME.

How To Check Leo Dry Fruits And Spices Trading IPO Allotment Status On BSE

  • Log on to the Application Status page of BSE here

  • From the dropdown menu, choose ‘Equity’

  • Select ‘Leo Dry Fruits And Spices Trading Limited’ from the list of companies

  • Enter your IPO application number or details of PAN 

  • Verify the captcha by clicking on the ‘I am not a Robot’ box

  • Click the Submit button to check the details of the allotment status

How To Check Leo Dry Fruits And Spices Trading IPO Allotment Status On BigShare Services

  • Visit the official website of the registrar BigShare Services Pvt. here

  • From the homepage, select the IPO Allotment Status option

  • Choose any one of the three servers provided

  • Select ‘Leo Dry Fruits and Spices Trading Limited’ from the dropdown menu of Company Name

  • Enter your details (Application No., Beneficiary ID or PAN).

  • Clear Captcha

  • Click Search to see allotment details

Leo Dry Fruits and Spices Trading IPO GMP Today

Leo Dry Fruits and Spices Trading IPO GMP (grey market premium) indicated a decent listing gain on Jan. 6. The shares were trading at a premium of Rs 20 at the unlisted markets, marking an expected premium of 38.46% over the issue price on debut, according to InvestorGain at 9:20 a.m. on Monday. If the current trends sustain, Leo Dry Fruits and Spices Trading shares may list at Rs 72 apiece on the BSE SME platform.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Use Of Proceeds

Leo Dry Fruits and Spices will use the proceeds from the IPO to fund its branding, advertisement and marketing activities, as well as working capital needs. A portion of the proceeds will also be used for general corporate purposes.

About Leo Dry Fruits and Spices Trading

Leo Dryfruits and Spices Trading Ltd. manufactures and sells a wide range of spices, dry fruits, ghee seasonings and other grocery items. Established in 2019, the company operates primarily through two key business segments — trading, and the manufacturing and processing of spices. Its products are marketed under the VANDU brand, with semi-fried offerings sold under the FRYD brand name.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.

. Read more on IPOs by NDTV Profit.Investors who have applied for Leo Dry Fruits and Spices Trading IPO can check the allotment status on Monday, on the websites of the registrar and the BSE.  Read MoreIPOs 

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