IPO Watch | Cheap IPO will open for investment, price band only Rs 52, lottery will be held on the first day – IPO GMP
IPO Watch | Investors have given strong returns this month mostly through IPOs. Now if you are thinking of investing in IPO in the new year, then there is good news for you. The IPO of Leo Dry Fruits and Spices Limited will open for subscription on January 1. Leo Dry Fruits and Spices will raise Rs 25.12 crore through this IPO.
IPO share price band
Leo Dry Fruits and Spices Limited IPO will be open for subscription from January 1 to January 3, 2025. The price band for the IPO of Leo Dry Fruits and Spices Limited Company has been fixed at Rs 51-52. The allotment of these IPO shares is expected to be finalized on Monday 6 January 2025. Shares of Leo Dry Fruits and Spices Limited Company will be listed on BSE SME. The probable date of share listing is Wednesday 8 January 2025.
How many shares will be available in the lot
Investors will get 2,000 shares in one lot of Leo Dry Fruits & Spices IPO. This means investors will have to bid for at least 2,000 shares and their shares. This means that retail investors will have to invest at least Rs 1,04,000. The minimum lot size investment for HNIs will be 2 lots and receive 4,000 shares. Leo Dry Fruits & Spices Limited will be the company book running lead manager for the IPO. BigShare Services Private Limited is the registrar of the IPO. Leo Dry Fruits & Spices Limited Company IPO Rikhov Securities Limited is the market maker for the company.
About the company
Leo Dryfruits & Spice Trading Limited Company was incorporated in November 2019. The company deals in manufacturing and trading of various spices and dry fruits under the brand Wandoo. The company's products also include frozen and semi-fried products under the fried category. Kaushik Shobhagchand Shah, Parth Ashish Mehta and Ketan Shobhagchand Shah are the main promoters of the company.
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