Leo Dry Fruits and Spices's explosive entry in the stock market!
The year 2025 has brought a good opportunity for the stock market investors to earn. The IPO of Leo dry fruits and Spices Trading Limited has opened for subscription. The company offered shares worth 35.06 lakh, while bids have been made for 98.32 lakh shares so far.
This much was fixed as the price band of the IPO
According to BSE data till 5 pm on january 1, 2025, bids were received for 98,32,000 shares as against the offer of 35,06,000 shares of Leo Dryfruits and Spices Trading in the initial share sale. The issue was subscribed 2.80 times. The company's IPO opened for subscription today and the issue will close on january 3. The price band of the company's IPO has been fixed at Rs 51-52 per share. The minimum lot data-size of this IPO is 2000 shares. That is, investors will be able to bid for a minimum of 2000 shares and in multiples thereof. The company's shares will be listed on BSE SME on january 8.
The money raised from the issue will be used for this work
The IPO includes a fresh issue of 35,06,000 shares. After the issue, the total stake of the promoters and promoter group in the company will come down from 52.21 percent to 38.11 percent. About 2,46,000 equity shares will be reserved for subscription in this issue, while the net issue includes 32,60,000 equity shares. The issue and net issue will account for 27 percent and 25.62 percent of the company's post-offer paid-up equity share capital respectively. The company aims to use the net proceeds from this issue to meet the working capital requirements of the company, to carry out branding, advertising and marketing activities and for general corporate purposes.