The Italian Edibles date has been confirmed from February 2, 2024 and closes on February 7, 2024. Read the post to learn about Italian Edibles IPO GMP.
The Italian Edibles Developers’ initial public offering (IPO) is priced at Rs 26.66 crores, and each share is priced at ₹68. An application must have a minimum lot size of 2000 shares. Retail investors need to deposit at least ₹136,000.HNI requires a minimum investment of two lots, or 4,000 shares, for a total of ₹272,000.
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Key Details Of Italian Edibles IPO GMP:
Bidding Dates
Feb 1-7
Price Range
₹68 per share
Face Value
₹10 per share
GMP
₹12
Italian Edibles IPO GMP
The Italian Edibles IPO GMP Today is ₹12.
Italian Edibles IPO Overview
The Italian Edibles IPO is a fixed-price issue of Rs 26.66 crores. The transaction contains 39.2 lakh new shares. The Italian Edibles IPO will begin subscriptions on February 2, 2024, and terminate on February 7, 2024. The allocation for the Italian Edibles IPO is set to end on Thursday, February 8, 2024. The Italian Edibles IPO will list on NSE SME on Monday, February 12, 2024. Italian Edibles’ IPO costs ₹68 per share.
The application requires a minimum lot size of 2000 shares. The Italian Edibles IPO GMP Today is ₹12. Retail investors can make a minimum investment of ₹136,000. HNIs can invest as little as ₹272,000 in two lots (4,000 shares).
Italian Edibles IPO Details
| IPO Date | February 2, 2024 to February 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,920,000 shares (aggregating up to ₹26.66 Cr) |
| Fresh Issue | 3,920,000 shares (aggregating up to ₹26.66 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,857,151 |
| Shareholding post issue | 14,777,151 |
| Market Maker portion | 200,000 shares |
Italian Edibles Limited Financial Information
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,824.64 | 4,155.24 | 3,905.45 | 3,946.43 |
| Revenue | 3,052.16 | 6,330.09 | 7,545.25 | 4,899.44 |
| Profit After Tax | 209.68 | 264.21 | 80.21 | 86.52 |
| Net Worth | 1,287.92 | 1,078.24 | 814.03 | 583.82 |
| Reserves and Surplus | 202.21 | 906.82 | 642.60 | 433.82 |
| Amount in ₹ Lakhs | ||||
Italian Edibles IPO Timeline
| IPO Open Date | Friday, February 2, 2024 |
| IPO Close Date | Wednesday, February 7, 2024 |
| Basis of Allotment | Thursday, February 8, 2024 |
| Initiation of Refunds | Friday, February 9, 2024 |
| Credit of Shares to Demat | Friday, February 9, 2024 |
| Listing Date | Monday, February 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 7, 2024 |
Company Profile
Italian Edibles Limited, which was established in 2009, distributes a range of confectionary items under the OfCour brand, such as Rabdi [Mithai Sweet], milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based products. The firm has two production sites in Indore: Gramme Palda and Prabhu Toll Kanta (Madhya Pradesh). Indian Edibles are available throughout India, particularly in rural and semi-urban areas 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. The firm also sells its products in Nigeria, Yemen, Senegal, and Sudan. The Company’s customers as of August 31, 2023, include Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Traders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, and others. Furthermore, one of its products, Jelly Candies, is marketed to the Dharpal Premchand Ltd (BABA) group. The firm has a specialized sales and marketing staff of 15 people.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Italian Edibles Limited |
| Phone number | +91 9826298268 |
| Email ID | [email protected] |
| Website | ofcoursegroup.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- We must adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Italian Edibles IPO FAQs
When Italian Edibles IPO will open?
The Italian Edibles IPO opens on February 2, 2024 and closes on February 7, 2024.
What is the lot size of Italian Edibles IPO?
Italian Edibles IPO lot size is 2000 Shares, and the minimum amount required is ₹136,000.
When is Italian Edibles IPO allotment?
The finalization of Basis of Allotment for Italian Edibles IPO will be done on Thursday, February 8, 2024, and the allotted shares will be credited to your demat account by Friday, February 9, 2024.
When is Italian Edibles IPO listing date?
The Italian Edibles IPO listing date is not yet announced. The tentative date of Italian Edibles IPO listing is Monday, February 12, 2024.
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