Leo Dry end result and Spices' initial public presenting endured to get healthful reaction from traders, subscribing 13.23 times on december 2, the second one day of bidding, with traders bidding for four.63 crore fairness stocks against the provide size 35.06 lakh shares.
The dry fruits and spices producer and dealer opened its public difficulty on january 1 to mobilise Rs 25.12 crore thru public difficulty of 48.3 lakh stocks. The rate band for the offer is Rs fifty one-fifty two in line with proportion.
The IPO price range (except for offer prices) could be utilised for working capital necessities; branding, advertisement and advertising activities, and widespread corporate functions.
Retail traders remained nicely beforehand of institutional and non-institutional buyers, buying 20.12 instances their allotted quota, while non-institutional traders bid 13.1 times their reserved element, and the component set aside for certified institutional customers turned into completely subscribed.
click right here To examine All IPO information
The Leo dry fruits and Spices IPO will near on january 3.
The organisation will finalise the percentage allotment by means of january 6, even as the trading in its fairness stocks will kick off effective january eight.
Maharashtra-primarily based Leo dry fruits and Spices , which competes with listed entities like Jetmall Spices and masala, HOAC meals india and Madhusudan masala operates its commercial enterprise below verticals - one is buying and selling and manufacturing/processing of spices, dry fruits, frozen/semi fried products, and 2d is other grocery merchandise. It deals in complete spices and dry end result in smaller quantity underneath brand name VANDU, and frozen/semi fried merchandise underneath the logo FRYD.
click and follow Indiaherald WhatsApp channel