Italian Edibles is scheduled to hit the market on February 02, 2024 and close on February 07, 2024. Italian Edibles plans to raise around ₹26.66 Cr through an IPO with a sale of up to 3,920,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Established in 2009, Italian Edibles Limited is a prominent provider of confectionery products, showcasing a diverse range under its OfCour's brand. The product portfolio includes Rabdi (Meethai Sweet), milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based items. With manufacturing facilities located at Gram Palda and Prabhu Toll Kanta in Indore, Madhya Pradesh, the company has strategically positioned itself to serve both urban and rural markets.
Italian Edibles has established a significant presence across India, with a strong footprint in states such as Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal. Furthermore, the company has expanded its reach internationally, exporting products to countries including Nigeria, Yemen, Senegal, and Sudan.
Italian Edibles IPO Details
Italian Edibles IPO opens on Feb 02, 2024, and closes on Feb 07, 2024. The Listing date for Italian Edibles IPO is on Feb 12, 2024. The price band for IPO is ₹68 per share and lot size of 2000 Shares.
| IPO Date | Feb 02, 2024 to Feb 07, 2024 |
| Listing Date | Feb 12, 2024 |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹26.66 Cr |
| Face Value | ₹10 per share |
Italian Edibles IPO Tentative Timetable
Italian Edibles opening date is February 02, 2024 and close date is February 07, 2024. The IPO allotment date is February 08, 2024. The refund initiation of IPO is on February 09, 2024. The credit of shares in demat account is on February 09, 2024. The listing date is on February 12, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 02, 2024 |
| IPO Closing | Feb 07, 2024 |
| IPO Allotment Date | Feb 08, 2024 |
| Refund Initiation | Feb 09, 2024 |
| Shares Credit to Demat | Feb 09, 2024 |
| Lisiting Date | Feb 12, 2024 |
Italian Edibles IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹136,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹136,000 |
| Retail(Maximum) | 1 | 2000 | ₹136,000 |
| HNI (Minimum) | 2 | 4000 | ₹272,000 |
Italian Edibles IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.47% |
Italian Edibles IPO Review
Italian Edibles Limited is gearing up for its IPO, and here's an analysis of the company's profile and financials. The company, as of August 31, 2023, boasts a customer list that includes notable names such as Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Traders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, among others. Moreover, one of its products, Jelly Candies, is sold to Dharpal Premchand Ltd (BABA) Group. The sales and marketing efforts are spearheaded by a dedicated team of 15 employees.
In terms of financials, Italian Edibles Limited witnessed a -16.1% decrease in revenue and an impressive 229.4% rise in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2022. As of August 31, 2023, the company's assets stood at ₹4,824.64 Lakhs, and it reported a net worth of ₹1,287.92 Lakhs. The key performance indicators reflect a market capitalization of Rs 100.48 Cr, with a return on equity (ROE) of 24.50%, return on capital employed (ROCE) at 19.32%, and a debt/equity ratio of 1.6.
The IPO's key financial metrics indicate a post-issue earnings per share (EPS) of Rs 3.41 and a post-issue price-to-earnings (P/E) ratio of 19.97. The funds raised from the IPO, according to the company, will be allocated to setting up a proposed manufacturing unit, repaying certain borrowings, meeting incremental working capital requirements, and covering general corporate expenses.
Italian Edibles Limited's IPO presents an opportunity to invest in a company with a diverse customer base and a notable product, Jelly Candies. The financial performance, marked by a substantial increase in PAT, showcases positive momentum. Key performance indicators such as ROE, ROCE, and debt/equity ratio indicate a reasonably healthy financial position. The intended use of IPO proceeds aligns with business expansion and debt reduction, providing transparency in the company's objectives.
Investors looking to diversify their portfolio in the food and confectionery sector may find Italian Edibles Limited's IPO worth considering. However, potential investors should conduct a thorough analysis of the competitive landscape, industry trends, and the company's growth strategy before making investment decisions.
Italian Edibles IPO Subscription Status (Bidding Details)
Table not foundItalian Edibles IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Italian Edibles IPO FAQs
What is Italian Edibles IPO?
Italian Edibles is issuing 3,920,000 equity shares with a face value of ₹10 each, totaling up to ₹26.66 Cr. The shares are being offered at a price of ₹68 each, with a minimum order quantity of 2000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Italian Edibles IPO will open?
Italian Edibles will open on February 02, 2024 for QIB, NII, and Retail Investors.
When Italian Edibles IPO will end?
Italian Edibles will end on February 07, 2024.
What is Italian Edibles IPO Size?
Italian Edibles IPO size is ₹26.66 Cr.
What is Italian Edibles IPO Price Band?
Italian Edibles price band is ₹68 per share.
What is the Italian Edibles IPO Allotment Date?
Italian Edibles allotment date is February 08,2024.
What is the Italian Edibles IPO Listing Date?
Italian Edibles listing date is February 12, 2024. The IPO is to be listed on BSE and NSE.
How to Italian Edibles IPO through Zerodha?
To apply for the IPO “Italian Edibles” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Italian Edibles IPO through Upstox?
To apply for the IPO “Italian Edibles” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Italian Edibles IPO Allotment Status?
For Italian Edibles IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Italian Edibles IPO GMP?
You can check out here: Italian Edibles IPO GMP