Leo Dryfruits & Spices Trading shares list at 31% premium over IPO price on BSE SME

Leo Dryfruits & Spices Trading shares listed on the stock market with a premium of about 31 percent over its issue price on January 8.

Leo Dryfruits & Spices Trading shares listed on the stock market with a premium of about 31 percent over its issue price on January 8, following a subscription of 169.08 times to its Rs 25-crore issue.

The shares of Leo Dryfruits & Spices Trading Ltd were listed at Rs 68 per share on the BSE SME platform, a premium of 30.77 percent from its IPO price. The company's market market valuation post listing of shares stood at Rs 116.29 crore. The SME IPO was priced in the range of Rs 51-52 per share.

Leo Dryfruits and Spices SME IPO attracts over 169 times bids on Day 3, shares to debut next week

The spices and dry fruits manufacturer and trader launched the IPO on January 1 to raise Rs 25.12 crore via fresh issue of 48.3 lakh shares.

The Maharashtra-based company intends to utilise IPO funds mainly for its working capital requirements, and branding, advertisement and marketing activities, besides general corporate purposes.

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Before the IPO opened for public subscription, the company had raised Rs 6.88 crore from institutional investors via its anchor book on December 31. Smart Horizon Opportunity Fund, Ashika Global Securities, Saint Capital Fund, Chanakya Opportunities Fund, and Beacon Stone Capital were some of investors in the anchor book.

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