Leo Dry Fruits and Spices IPO : Leo Dry Fruits and Spices IPO is closing on 3 January 2025 and the company is aiming to raise ₹25.12 crore. This is a book-built issue, in which 48.30 lakh shares will be issued entirely under a fresh issue. Here we are telling you about IPO GMP and price band.

Price Band and Minimum Investment

The price band of Leo Dry Fruits and Spices IPO has been fixed between ₹51 to ₹52 per share. The minimum application for retail investors is 2,000 shares, which is an investment of ₹1,04,000. While High Net Worth Individuals (HNIs) will have to apply for two lots (4,000 shares), which will be an investment of ₹2,08,000.

IPO Subscription and GMP

As of the morning of the third day of the IPO, the Leo Dry Fruits and Spices IPO has received an overall subscription of 25.5 times. The retail portion has seen the highest interest, with a subscription of 36.59 times. On the other hand, non-institutional investors (NII) have seen a subscription of 31.48 times. Qualified Institutional Buyers (QIBs) did not see much interest, with a subscription of only 1.01 times.

GMP and listing possibility

The GMP (Grey Market Premium) of Leo Dry Fruits and Spices IPO is ₹18 as on 3rd January 2025. This means that based on the highest price band of ₹52 per share, the estimated listing price could be ₹70 per share, which could be a listing yield of around 34.62%.

Objectives and plans of the company

Leo Dry Fruits and Spices is a renowned name in the dry fruits and spices market. The company's products are of high quality. Funds raised from the IPO will be used for working capital requirements, expansion plans and other corporate purposes.