Leo Dryfruits Share Price Surges 45% Since IPO: Key Highlights

Market Performance

Shares of BSE SME-listed Leo Dryfruits have gained remarkable momentum since their debut in January 2025. Currently trading at ₹75.40, the stock has surged 45% above its IPO price of ₹52.

• 52-week high: ₹91 (June 2025)
• 52-week low: ₹52 (January 2025)
• Monthly trend highlights:
  • March: +2%
  • April: +2.5%
  • May: +35%
  • June: +0.6%
  • July: -1.3%
  • August (so far): +0.5%

This steady growth reflects investor confidence in the company’s operations and market positioning.

Main News

Leo Dryfruits recently secured a major government-linked supply contract with Kendriya Police Kalyan Bhandar (KPKB), under India’s Ministry of Home Affairs.

• Contract value: Estimated ₹25–30 crore
• Products supplied: Whole spices, blended spices, dry fruits, ghee, and namkeen
• Execution partner: Promoter group firm M/s J Ketankumar Co., led by the company’s Whole Time Director and CFO, Ketan Sobhagchand Shah
• Scope: Nationwide procurement, marketing, sales, and order fulfilment for KPKB requirements

This development strengthens Leo Dryfruits’ institutional presence and supply chain capabilities across India.

Company Details

Leo Dryfruits is a diversified player in the food processing and trading sector, specializing in spices, dry fruits, and grocery products.

• Brands:
  • VANDU – Spices and dry fruits
  • FRYD – Frozen and semi-fried products
• Product range: Whole & blended spices, plain/roasted/flavored dry fruits, ghee, seasoning products, chiz bites, poppy seeds, sesame seeds, and other grocery items
• Market: Serves both retail and institutional clients
• Expansion: Continuously adding new products and strengthening distribution networks

IPO Performance

Leo Dryfruits’ SME IPO raised ₹25.12 crore via 48.30 lakh fresh equity shares.

• Subscription details (January 1–3, 2025):
  • Total: 181.77 times
  • Retail investors: 154 times
  • Non-institutional investors: 394 times
  • Qualified Institutional Buyers (QIBs): 68 times

The overwhelming subscription reflected strong market confidence in the company’s growth story.

Summary

Leo Dryfruits’ stock has delivered impressive returns for investors, rising 45% since its IPO. Supported by robust market performance, a successful IPO, and significant government-linked contracts, the company continues to expand its footprint in spices, dry fruits, and grocery products. With a diversified product portfolio under brands like VANDU and FRYD, Leo Dryfruits remains a notable player in India’s SME market.