Leo Dry Fruits and Spices Trading
IPO Timeline
Issue open date
1 Jan 2025Issue close date
3 Jan 2025UPI mandate deadline
3 Jan 2025Allotment finalization
6 Jan 2025Refund initiation
7 Jan 2025Share credit
7 Jan 2025Listing date
8 Jan 2025Mandate end date
18 Jan 2025Lock-in end date for anchor investors (50%)
5 Feb 2025Lock-in end date for anchor investors (remaining)
6 Apr 2025About the Company
Leo Dry Fruits and Spices Trading, under the brands “VANDU” and “FRYD,” specializes in manufacturing, processing, and trading spices, dry fruits, frozen/semi-fried products, and grocery items. Their diverse product range includes whole and blended spices, plain and flavored dry fruits, ghee, seasonings, and snacks like chiz bites. Operating through B2B, B2C, and D2C channels, they distribute via e-commerce platforms, distributors, and direct sales, with associations with police/naval canteens and CSD. Their FSSAI-accredited manufacturing unit in Thane, Maharashtra, ensures quality production, leveraging strategic proximity to raw materials. With recent exclusive distributorship for “MUNCHIN” snacks, they aim to expand nationally and globally, delivering quality products across markets.
Strengths
- Wide product range catering to varied segments
- Manufacturing units near raw material hubs reduce costs
- Strong market presence across B2B, B2C, and D2C
- Experienced promoters with industry ties
Risks
- No long-term vendor agreements for key products
- Sales are heavily concentrated in Maharashtra
- Raw material price fluctuations affect margins
- Dependence on limited machinery and job workers