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

DRHP RHP

The IPO of Italian Edibles Limited is priced at ₹68 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Italian Edibles Limited IPO bid opening date is from Feb 2, 2024 and the bid closing date was Feb 7, 2024.
Italian Edibles Limited IPO allotment result will be available on Feb 8, 2024. The tentative listing date for Italian Edibles Limited is Feb 12, 2024.

The total issue size is 3,920,000 shares(aggregating up to ₹26.66 Cr).

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

Total No. of Applications: 1,12,178 (Approx)

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

ROE

24.50%

ROCE

19.32%

Debt/Equity

1.60

RoNW

24.50%

Price to Book Value

1.08

Italian Edibles Limited Company Financials All values are in ₹ Lakh

	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

About The Company

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)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.47%

Company Promoter(s)

Mr. Ajay Makhija
Mr. Akshay Makhija

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.

Other Details

Company Contact Details

Italian Edibles Limited

309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda, Indore - 452020

Phone: +91 9826298268

Email: italian_edibles@yahoo.com

Website: https://www.ofcoursegroup.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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.