IPO

Italian Edibles Limited IPO

NSE SME

Listed On: Feb 12, 2024 at ₹ 55.0

₹ 136000 /2000 Shares

Check Allotment

Italian Edibles Limited IPO Details

02 Feb, 2024

Open Date

07 Feb, 2024

Close Date

08 Feb, 2024

Allotment Date

12 Feb, 2024

Listing Date

Issue Price

₹68 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

55.0

Listing Date

2024-02-12

Market Lot

2000 Shares (₹136,000/-)

Lead Manager

First Overseas Capital Limited

Issue Size

3,920,000 shares(aggregating up to ₹26.66 Cr)

Retail Portion

50%

Subscription

149.05 times

IPO Docs

RHP

Italian Edibles Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved18,60,00018,60,00037,20,000
Day 1 - 02-02-24 06:00 PM1.33 x7.50 x4.42 x
Day 2 - 05-02-24 06:00 PM5.04 x27.45 x16.25 x
Day 3 - 06-02-24 06:00 PM14.11 x54.04 x34.12 x
Day 4 - 07-02-24 06:00 PM177.48 x120.62 x149.05 x

Italian Edibles Limited Valuations

EPS Pre IPO

₹2.43/-

EPS Post IPO

₹3.41/-

P/E Pre IPO

27.94

P/E Post IPO

19.97

RoNW

24.50%

Italian Edibles Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets4,155.243,905.453,946.43
Revenue6,330.097,545.254,899.44
Profit After Tax264.2180.2186.52

About The Company

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.

As of August 31, 2023, the Company's customer list includes Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Tarders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, etc. In addition, one of its products, namely Jelly Candies, is sold to Dharpal Premchand Ltd (BABA) Group.

The company has a dedicated sales and marketing team consisting of 15 employees.

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Italian Edibles Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.47%

Company Promoter(s)

  1. Mr. Ajay Makhija
  2. Mr. Akshay Makhija

Italian Edibles Limited IPO - Issue Objectives

  1. Setting up of the proposed manufacturing unit
  2. Repayment of certain Borrowings
  3. To meet incremental working capital requirements
  4. General Corporate Expenses.

Italian Edibles Limited IPO - FAQs

Ans. Italian Edibles Limited IPO is a SME IPO. The issue is priced at ₹68 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Feb 2, 2024, and closes on Feb 7, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Italian Edibles Limited IPO opens on Feb 2, 2024 and closes on Feb 7, 2024.

Ans. The size of Italian Edibles Limited IPO is 3,920,000 shares(aggregating up to ₹26.66 Cr).

Ans. The IPO price band is set between ₹68 per equity share.

Ans. To apply for Italian Edibles Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Italian Edibles Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Italian Edibles Limited IPO is Feb 8, 2024.

Ans. The Italian Edibles Limited IPO will be listed on Feb 12, 2024.

Ans. Follow the steps to check the allotment status for Italian Edibles Limited IPO here.