Leo Dry Fruits and Spices Trading IPO, open for bidding till Jan. 3, is a book-building offer with entirely a fresh issuance of 48.3 lakh shares. The offer size doesn’t include any offer-for-sale component. The allotment of shares in the SME public offer is scheduled to be finalised on Jan. 6, followed by the credit of shares into the demat account of successful bidders on Jan. 7. Refunds for the non-allottees will also be initiated on the same day.
Shares of Leo Dry Fruits and Spices Trading Ltd. are scheduled to make their market debut on the NSE SME platform, Emerge, on Jan. 8.
The company has reserved up to 50% of the net issue for qualified institutional buyers and 35% for retail investors. Non-institutional investors have been allocated 15% of the net issue size.
With the Leo Dry Fruits and Spices Trading IPO price band set in the range of Rs 51 to Rs 52 per share, retail investors may invest in the issue with a minimum lot size of 2,000 shares. This results in a minimum investment of Rs 1,04,000 at the upper price for a single application.
Leo Dry Fruits and Spices Trading Ltd. has appointed Shreni Shares Ltd. as the sole book-running lead manager for its IPO, whereas Bigshare Services Pvt. is its registrar. Rikhav Securities Ltd. is the Leo Dry Fruits and Spices Trading IPO market maker.
