Wed Jan 01 17:13:57 UTC 2025: ## Leo Dry Fruits and Spices IPO Opens, Seeks ₹25 Crore

**Mumbai, January 1, 2025** – The new year began with the launch of the Leo Dry Fruits and Spices initial public offering (IPO). The SME-category IPO opened today and will remain open for subscription until January 3rd. The company aims to raise ₹25.12 crore through the sale of over 4.8 million shares.

The IPO, offering only fresh shares (no offer for sale), has a price band of ₹51-₹52 per share. The lot size is 2,000 shares, requiring a minimum investment of ₹1.04 lakh for one lot at the upper price band. Prior to the public offering, the company raised ₹6.88 crore from anchor investors on December 31st, allocating 1.32 million shares (27.41% of the total offer).

The IPO will be listed on the BSE SME platform. Allotment is scheduled for January 6th, with refunds and share credits to demat accounts on January 7th. The company anticipates listing its shares on the BSE SME on January 8th.

Leo Dry Fruits and Spices operates in the spices and dry fruits business, marketing its products under two brands: VANDU for spices and dry fruits, and FRYD for frozen and semi-processed products.

**Disclaimer:** Consult with market experts before making any investment decisions.

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