Leo Dry Fruits and Spices IPO allotment: Steps to check status on BSE, Bigshare Services

The share allotment status of Leo Dry Fruits and Spices Trading Limited IPO is expected to be announced today, January 6.

The ₹25.12-crore BSE SME IPO, which was open for bidding during January 1 to January 3, was oversubscribed almost 182 times during the three-day bidding period. The company received bids for 59.25 crore shares compared with 32.6 lakh shares on offer.

The non-institutional investor (NII) segment was subscribed the most at 394.6 times. Bids were placed for 27.6 crore shares compared to 7 lakh shares reserved for the category.

The retail investors’ category was overbought by 154.5 times, with bids placed for 25.4 crore shares compared to 16.44 lakh shares on offer.

The qualified institutional buyers’ (QIB) quota was oversubscribed by more than 68 times. Bids were placed for 6.23 crore shares as against 9.16 lakh shares reserved for the category.

If you were one of the investors in the issue, you can check the Leo Dry Fruits and Spices IPO share allotment status online on the BSE website and the portal of the issue registrar, Bigshare Services Private Limited.

Here’s a step-by-step guide on how to check share allotment status online on the BSE website:

• Visit the BSE IPO allotment status page by clicking here
• Select ‘Equity’ as the issue type.
• From the ‘Issue Name’ dropdown menu, select ‘Leo Dry Fruits and Spices Trading Ltd’.
• Then identify yourself using either PAN details or IPO application number.
• Click on ‘I’m not a robot’ tab and press the ‘Search’ button. You can view whether any shares have been allotted against your PAN number or not.

To check share allotment on the Bigshare Services website, follow these steps:

• Visit the official website here.
• Select any one of the three servers out of the three options to view the IPO allotment status.
• In the ‘Company Selection’ dropdown menu, select ‘Leo Dry Fruits and Spices Trading Ltd’.
• From the ‘Selection Type’ dropdown menu, choose whether you want to identify yourself using your IPO application number, beneficiary ID (Demat account number) or PAN number. Then share the details of the chosen option.
• Enter the captcha given and click on ‘Submit’. You will be able to see the allotment details.

Successful bidders can expect the shares of Leo Dry Fruits to be credited into their Demat account by January 7, with refunds being initiated for others the same day.

Shares of Leo Dry Fruits and Spices Trading Limited are scheduled to be listed on the BSE SME platform on January 8.

Leo Dry Fruits IPO: Offer details

Leo Dry Fruits and Spices Trading Ltd is engaged in the manufacturing and trading of a variety of spices and dry fruits under the brand ‘VANDU’. It also makes and sells frozen and semi-fried products under the brand ‘FRYD’. Additionally, Leo Dry Fruits supplies whole and blended spices, roasted and flavoured dry fruits, ghee, seasonings, and other grocery items in various packaging sizes. The company's manufacturing unit is situated in Thane, Maharashtra.

The Leo Dry Fruits and Spices IPO was a 100% book-built issue that aimed to raise ₹25.12 crore. The issue was entirely a fresh issuance of 48.30 lakh shares. Price band for the issue was set at ₹51 to ₹52 per share, while the lot size for an application was 2,000 units.

Leo Dry Fruits IPO: Use of funds

The company proposes to utilize the net proceeds from the issue towards funding working capital requirements of the company, towards branding, advertisement and marketing activities and for general corporate purposes.

Leo Dry Fruits and Spices financials

Leo Dry Fruits and Spices showed solid growth in the financial year 2023-24 compared with the previous year. However, for the first six months of the financial year 2024-25 (ended September 2024), the numbers did not paint a similar picture.

Leo Dry Fruits IPO: Promoter shareholding pre- and post-issue

Leo Dry Fruits and Spices Trading Limited’s promoters are Kaushik Sobhagchand Shah, Ketan Sobhagchand Shah and Parth Ashish Mehta.