Italian Edibles Limited IPO is an NSE SME IPO. They are going to raise ₹26.66 Crores via IPO. The issue is priced at ₹68 to ₹68 per equity share. The IPO is to be listed on NSE.
Italian Edibles Limited IPO opens for subscription on February 02, 2024, and closes on February 07, 2024. The allotment for the Italian Edibles Limited IPO is expected to be finalized on February 08, 2024. Italian Edibles Limited IPO will list on NSE SME with tentative listing date fixed as Friday, February 12, 2024.
| Italian Edibles Limited | NSE SME |
| Minimum Investment ₹136,000 /1 Lot (2000 shares) | Price Range ₹68-₹68 | |
| Max Quantity 1 Lots/2000 Shares | Max Investment ₹136,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 26.66 Cr | Employee Discount ₹0 |
| Total Issue Size 3,920,000 Shares (aggregating up to ₹26.66 Cr) | Share Holding Pree Issue 10,857,151 | Issue Type Fixed Price Issue IPO |
| Fresh Issue Share 3,920,000 Shares (aggregating up to ₹26.66 Cr) | Share Holding Post Issue 14,777,151 | Listing At NSE SME |
| Market Maker Portion 200,000 shares (Nikunj Stock Brokers) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 02 Feb 2024 |
| Offer Ends | 07 Feb 2024 |
| Allotment | 08 Feb 2024 |
| Refunds | 09 Feb 2024 |
| Credit of shares to Demat account | 09 Feb 2024 |
| IPO Listing | 12 Feb 2024 |
About Italian Edibles Limited
- Founded in 2009, Italian Edibles Limited offers a wide range of confectionery products such as Rabdi [Meethai Sweet], milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based products under its OfCour’s brand.
- The company has two manufacturing facilities at Gram Palda, Indore and Prabhu Toll Kanta, Indore (Madhya Pradesh).
- Italian Edibles is present all over India, especially in the rural and semi-urban areas of Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerela, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal. The company also exports its products to various countries such as Nigeria, Yemen, Sinegal, and Sudan.
- Their consumer segments largely include teenagers, young adults, and children located in rural and semi-urban areas of India.
- As of August 31, 2023, their top customers include Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Tarders, Mamta Stores, Ma Laxmi Traders, Suria Distributor etc. Also, one of their product,i.e., Jelly Candies are sold to Dharpal Premchand Ltd (BABA) group.
| founded in | Managing Director |
| 2009 | Mr. Ajay Makhija |
Share Holding
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue | 73.47% |
Italian Edibles Limited IPO Prospectus
| Italian Edibles Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹6,330.09 | ₹7,545.25 | ₹4,899.44 |
| Assets | ₹4,155.24 | ₹3,905.45 | ₹3,946.43 |
| Profit | ₹264.21 | ₹80.21 | ₹86.52 |
Fundamentals
| Values | Values | ||
| Market cap | 100.48 Cr | ROE | 24.50% |
| P/E (X) | 27.94 | ROCE | 19.32% |
| POST P/E (X) | 19.97 | EPS | 2.43 |
| Debt to Equity | 1.6 | RONW | 20.50% |
Objects of the Issue
- Setting up of the proposed manufacturing unit
- Repayment of certain Borrowings
- To meet incremental working capital requirements
- General Corporate Expenses
Brokerage Firm IPO Review
- To be updated soon
| Italian Edibles Limited Contact Details | |
| Address | Italian Edibles Limited 309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda, Indore – 452020 |
| Phone: | +91 9826298268 |
| italian_edibles@yahoo.com | |
| Website | https://www.ofcoursegroup.com/ |
| Italian Edibles Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| Italian Edibles Limited IPO Allotment Status Check |
| Italian Edibles Limited IPO Allotment Status Check Click Here |
| Italian Edibles Limited Lead Managers | |
| First Overseas Capital Limited 1-2, Bhupen Chambers Ground Flr, Dalal Street, Mumbai – 400001 | |
| Phone | +91 22 4050 9900 |
| rushabh@focl.in | |
| Website | http://www.focl.in |
Italian Edibles Limited IPO FAQs
What is Italian Edibles Limited IPO?
- Italian Edibles Limited IPO is an NSE SME IPO. They are going to raise ₹26.66 Crores via IPO. The issue is priced at ₹68 to ₹68 per equity share. The IPO is to be listed on NSE.
When Italian Edibles Limited IPO will open?
- The IPO is to open on February 02, 2023, for NII, and Retail Investors.
What is Italian Edibles Limited IPO Investors Portion?
- The investors’ portion for NII is 50%, and Retail is 50%.
What is Italian Edibles Limited IPO Size?
- Italian Edibles Limited IPO size is ₹26.66 crores.
What is Italian Edibles Limited IPO Price Band?
- Italian Edibles Limited IPO Price Band is ₹68 to ₹68 per equity share.
What is Italian Edibles Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (2000 Shares) with ₹136.000. and Maximum Lot Size 1 Lots (2000 Shares) with ₹136,000
What is Italian Edibles Limited IPO Allotment Date?
- Italian Edibles Limited IPO allotment date is February 08, 2024.
What is Italian Edibles Limited IPO Listing Date?
- Italian Edibles Limited IPO listing date is February 12, 2024. The IPO to list on NSE.