Italian Edibles Limited IPO
Italian Edibles Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹68 per share. The stock debuted at ₹55. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,36,000.
Italian Edibles Limited IPO
- IPO Dates
- Feb 2, 2024 – Feb 7, 2024
- Price band
- ₹68 per equity share
- Minimum Investment
- ₹1,36,000
- Issue size
- ₹26.66 Cr
- Lot size
- 2000
- Allotment Date
- Feb 8, 2024
- Listing
- Feb 12, 2024
- Listing At
- NSE SME
IPO timeline
-
Feb 2, 2024
Open Date
Completed
-
Feb 7, 2024
Close Date
Completed
-
Feb 8, 2024
Allotment Date
Completed
-
Feb 12, 2024
Listing Date
Completed
Italian Edibles Limited IPO Essentials
Italian Edibles Limited IPO Details
Italian Edibles Limited IPO is priced at ₹68 per share with a total issue size of 26.66 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹68 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,920,000 shares(aggregating up to ₹26.66 Cr)
- Total issue size
- 39,20,000 shares
(aggregating up to ₹26.66 crore) - Fresh issue
- 39,20,000 shares
(aggregating up to ₹26.66 crore) - Listing at
- NSE SME
- List price
- 55.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
First Overseas Capital Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,36,000 |
| Retail(max) | 1 | 2000 | ₹1,36,000 |
| NII (min) | 2 | 4,000 | ₹2,72,000 |
Italian Edibles Limited IPO Reservation
Italian Edibles Limited IPO reservation details show category-wise allocation of shares. Out of the total 3,920,000 shares, approximately 47.45% for retail investors, and 5.1% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 200,000 (5.1%) | |
| Retail Shares Offered | 1,860,000 (47.45%) | |
| Total Shares Offered | 3,920,000 (100%) |
Italian Edibles Limited IPO Analytics
Italian Edibles Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Italian Edibles Limited IPO Subscription Status
Italian Edibles Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 18,60,000 | 18,60,000 | 37,20,000 |
|
Day 1
02-02-24 06:00 PM
|
(1.33) x | 7.50 x | 4.42 x |
|
Day 2
05-02-24 06:00 PM
|
(5.04) x | 27.45 x | 16.25 x |
|
Day 3
06-02-24 06:00 PM
|
(14.11) x | 54.04 x | 34.12 x |
|
Day 4
07-02-24 06:00 PM
|
(177.48) x | 120.62 x | 149.05 x |
Italian Edibles Limited Valuations
Earnings
- EPS Pre IPO
- ₹2.43/-
- EPS Post IPO
- ₹3.41/-
- P/E Pre IPO
- 27.94
- P/E Post IPO
- 19.97
Returns
- ROE
- 24.50%
- ROCE
- 19.32%
- RoNW
- 24.50%
Fundamentals
- Debt / Equity
- 1.60
- Price / Book
- 1.08
Italian Edibles Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 4,155.24 | 3,905.45 | 3,946.43 |
| Revenue | 6,330.09 | 7,545.25 | 4,899.44 |
| Profit After Tax | 264.21 | 80.21 | 86.52 |
Italian Edibles Limited Company & Offer Insights
About Italian Edibles Limited
It is an Italian-based company established in the year 2009, manufacturing a wide array of confectionery products, which are 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 operates two manufacturing units at Gram Palda, Indore, and Prabhu Toll Kanta, Indore (Madhya Pradesh).
Italian Edibles are available in all over India, particularly in the rural and semi-urban regions 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 other countries like Nigeria, Yemen, Sinegal, and Sudan.
As of August 31, 2023, the customers of the Company comprise Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Tarders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, etc. And one of the products sold is Jelly Candies to Dharpal Premchand Ltd (BABA) Group.
The company has a sales and marketing team consisting of 15 employees.
Italian Edibles Limited Promoter(s)
Mr. Ajay Makhija, Mr. Akshay Makhija are the company's promoters of Italian Edibles Limited.
Italian Edibles Limited IPO Issue Objectives
- •
- Setting up of the proposed manufacturing unit
- •
- Repayment of certain Borrowings
- •
- To meet incremental working capital requirements
- •
- General Corporate Expenses.
Italian Edibles Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Italian Edibles Limited | 2.43 | 2.43 | 62.9 | 27.94 | 24.5 | 1.08 | Standalone |
| Lotus Chocolate Co. Ltd. | -5.42 | N/A | -5.09 | -36.25 | N/A | -60.91 | N/A |
| Tapi Fruit Processing Limited | -0.75 | N/A | 20.06 | -156.33 | -2.47 | 8.82 | N/A |
Notes:
- The closing price for Lotus Chocolate Company Limited was taken from BSE as of October 11, 2023.
- The closing price of Tapi Fruit Processing Limited was taken from NSE as of October 3, 2023.
- The P/E ratio for Lotus Chocolate Company Limited is based on the issue price, while other data is derived from FY 2023 financial statements.
- Considering the nature, range of products/services, turnover, and size of the business of the Company, the peers are not strictly comparable. However, the above companies have been included for broad comparison.
Contact Information
Contact Details
Italian Edibles Limited
+91 9826298268
https://www.ofcoursegroup.com/
309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda, Indore - 452020
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Italian Edibles Limited IPO is a Fixed Priced IPO worth ₹26.66 crore. The issue price is ₹68 per share (fixed price). The IPO opens on Feb 2, 2024 and closes on Feb 7, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of Italian Edibles Limited IPO is ₹68 per share (fixed price).
The lot size of Italian Edibles Limited IPO is 2000 shares.
The minimum investment for Italian Edibles Limited IPO is approximately ₹1,36,000 based on the issue price .
Italian Edibles Limited IPO opens on Feb 2, 2024 and closes on Feb 7, 2024.
The allotment date of Italian Edibles Limited IPO is Feb 8, 2024.
Italian Edibles Limited IPO is expected to be listed on Feb 12, 2024, on NSE SME Platform.
Italian Edibles Limited IPO valuation snapshot: P/E 19.97, EPS ₹3.41/-, P/B 1.08, RoNW 24.50%, and market cap N/A.
To apply for Italian Edibles Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Italian Edibles Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Italian Edibles Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Italian Edibles Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Italian Edibles Limited IPO allotment status on IPO Ji for quick and easy access.