Shares of BSE SME-listed Leo Dryfruits have jumped 45% since their IPO, currently trading at ₹75.40 compared to the issue price of ₹52. Listed in January 2025, the stock has steadily attracted investor interest on the back of strong business progress and market performance. The ₹25.12 crore IPO involved the issue of 48.30 lakh fresh equity shares and saw an enthusiastic response from all investor categories, making it a successful debut on the SME platform.
IPO Details and Stock Movement:
Held between January 1–3, 2025, with a price range of ₹51–52, the IPO was subscribed a massive 181.77 times overall. Non-institutional investors led the charge with 394 times subscription, retail investors at 154 times, and QIBs at 68 times. The stock peaked at ₹91 in June 2025 but is now trading about 17% below that high. After debuting at ₹52, it has shown mixed monthly returns—rising significantly in May but declining slightly in July.
Recent Developments:
Leo Dryfruits recently bagged a government contract with KPKB, worth ₹25–30 crore, to supply a wide range of products. This will be executed by M/s J Ketankumar Co., owned by the company’s Whole-Time Director and CFO.
Business Overview:
The firm processes and markets spices, dry fruits, and groceries under the brands “VANDU” and “FRYD,” catering to both retail and institutional markets.