Shares of BSE SME-listed Leo Dryfruits have surged 45 % since their IPO, at the moment buying and selling at ₹75.40 towards the problem value of ₹52. The inventory was listed in January 2025 and has steadily gained investor consideration resulting from sturdy market efficiency and robust enterprise developments. The ₹25.12 crore SME IPO was totally issued as 48.30 lakh recent fairness shares and attracted overwhelming curiosity throughout investor segments, marking a profitable debut for the corporate within the SME platform.
IPO Efficiency and Subscription
The IPO, open for subscription between January 1 and January 3, 2025, within the value band of ₹51–52 per share, witnessed distinctive subscription ranges. The problem was subscribed 181.77 occasions in whole, with non-institutional and retail investor parts subscribed 394 occasions and 154 occasions, respectively. Certified institutional patrons (QIBs) subscribed their portion 68 occasions, in line with alternate information. The sturdy subscription underscores the excessive investor confidence in Leo Dryfruits’ development prospects and market positioning on the time of itemizing.
Inventory Value Development
Following its itemizing, the SME inventory has proven vital upward momentum, hitting a file excessive of ₹91 in June 2025, although it at the moment trades about 17 % beneath this peak. It recorded a 52-week low of ₹52 in January 2025, coinciding with its itemizing.
The inventory had a combined efficiency over the months: it rose 2 % in March, 2.5 % in April, 35 % in Could, and 0.6 % in June, earlier than falling 1.3 % in July. In August, it has inched up simply 0.5 % to date. These fluctuations mirror each market volatility and investor recalibration whereas the inventory consolidates its positive aspects.
Current Developments
Earlier this month, Leo Dryfruits introduced a significant government-linked provide contract with Kendriya Police Kalyan Bhandar (KPKB), a part of India’s Ministry of Dwelling Affairs. The settlement includes supplying entire spices, blended spices, dry fruits, ghee, and namkeen, valued at an estimated ₹25–30 crore over the contract interval.
Execution of the contract will likely be dealt with by the promoter group agency M/s J Ketankumar Co., the proprietorship of the corporate’s Complete Time Director and CFO, Ketan Sobhagchand Shah. This agency will function the corporate’s sole agent for procurement, advertising, gross sales, and order fulfilment for KPKB-related necessities throughout India.
About Leo Dryfruits
Leo Dryfruits is engaged within the manufacturing, processing, buying and selling, and advertising of a big selection of spices, dry fruits, and grocery merchandise. The corporate markets its merchandise beneath the model “VANDU” for spices and dry fruits and “FRYD” for frozen and semi-fried merchandise. Its portfolio contains entire and blended spices, plain, roasted, and flavored dry fruits, ghee, seasoning merchandise, chiz bites, poppy seeds, sesame seeds, and different grocery objects in a number of packaging codecs. The corporate continues to develop its product vary and strengthen its provide chain, catering to each retail and institutional shoppers.
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