The Italian Edibles date has been confirmed from February 2, 2024 and closes on February 7, 2024.
Italian Edibles Developers IPO is a fixed price issue of Rs 26.66 crores. The price is ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000.
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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 is ₹12.
IPO Overview
The Italian Edibles IPO is a fixed-price issuance worth Rs 26.66 crores. The offering consists wholly of 39.2 lakh new shares. The Italian Edibles IPO will be open for subscriptions on February 2, 2024 and end on February 7, 2024. The allotment for the Italian Edibles IPO is expected to be completed on Thursday, February 8, 2024. The Italian Edibles IPO will list on NSE SME, with a tentative listing date of Monday, February 12, 2024. Italian Edibles’ IPO price is ₹68 per share.
The minimum lot size for an application is 2000 shares. The minimum investment for retail investors is ₹136,000. The minimum investment for HNI is 2 lots (4,000 shares) for ₹272,000.
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 |
Share holding 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, founded in 2009, sells a variety of confectionery items under the OfCour brand, including Rabdi [Meethai Sweet], milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based products. The company has two manufacturing sites in Indore: Gramme Palda and Prabhu Toll Kanta (Madhya Pradesh). Italian Edibles is 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, Kerela, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal. The company also exports its products to Nigeria, Yemen, Senegal, and Sudan. As of August 31, 2023, the Company’s customers include Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Tarders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, and others. In addition, one of its products, Jelly Candies, is marketed to the Dharpal Premchand Ltd (BABA) Group. The company has a dedicated sales and marketing team of 15 individuals.
Registrar Info
Name | Bigshare Services Pvt Ltd |
Phone number | +91-22-6263 8200 |
Email ID | ipo@bigshareonline.com |
Website | ipo.bigshareonline.com |
Contact Details
Name | Italian Edibles Limited |
Phone number | +91 9826298268 |
Email ID | italian_edibles@yahoo.com |
Website | ofcoursegroup.com |
IPO Strenghts
- 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.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.