Italian Edibles Limited IPO
Italian Edibles Limited IPO bidding starts from February 2, 2024 and ends on February 7, 2024. The allotment for the Italian Edibles Limited IPO is expected to be finalized on February 8, 2024. Italian Edibles Limited IPO will list on NSE SME with tentative listing date fixed as February 12, 2024. Italian Edibles Limited IPO price band is set at ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹1,36,000.
Important Dates:-
Particulars | Value |
---|---|
Open Date:- | February 2, 2024 |
Close Date:- | February 7, 2024 |
Allotment Date:- | February 8, 2024 |
Listing Date:- | February 12, 2024 |
About Italian Edibles Limited :-
Established in 2009, Italian Edibles Limited is a renowned provider of a diverse range of confectionery products, including Rabdi (Meethai Sweet), milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based items, all offered under its OfCour's brand.
Operating with two manufacturing facilities located at Gram Palda and Prabhu Toll Kanta in Indore, Madhya Pradesh, Italian Edibles has a widespread presence across India, particularly in rural and semi-urban areas of 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 company also exports its products to various countries, including Nigeria, Yemen, Senegal, and Sudan.
As of August 31, 2023, Italian Edibles Limited boasts an impressive customer list that includes Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Traders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, among others. Additionally, one of its standout products, Jelly Candies, is supplied to Dharpal Premchand Ltd (BABA) Group.
The company's dedicated sales and marketing team comprises 15 employees, contributing to its continued success.
Contact Details :-
Address:- Italian Edibles Limited 309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda, Indore - 452020
Phone:- +91 9826298268
E-mail:- italian_edibles@yahoo.com
Website:- https://www.ofcoursegroup.com/
IPO Details :-
Particulars | Value |
---|---|
IPO Type:- | SME |
Price:- | ₹68 |
Lot Size:- | 2000 |
Minimum Amount for 1 Lot:- | ₹1,36,000 |
Listing At:- | NSE SME |
Total issue of Shares:- | 39,20,000 |
Total issue Size:- | ₹26.66 Crore |
Fresh issue of Shares:- | 39,20,000 |
Fresh issue Size:- | ₹26.66 Crore |
Face Value:- | ₹10 per Equity Share |
Financial Information :-
Amount in ₹ Lakh
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 |
Total Borrowing |
Key Performance Indicator :-
Particulars | Value |
---|---|
Market Cap (₹ in Crore):- | 100 |
ROE:- | 24.50% |
ROCE:- | 19.32% |
Debt/Equity:- | 1.6 |
RoNW:- | 24.50% |
IPO Prospectus :-
Particulars | Link |
---|---|
Italian Edibles Limited IPO DHRP:- | Click Here |
Italian Edibles Limited IPO RHP:- | Click Here |
GMP :-
GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
---|---|---|---|
02-02-2024 | ₹20 | ₹88 | 29.41% |
03-02-2024 | ₹20 | ₹88 | 29.41% |
04-02-2024 | ₹20 | ₹88 | 29.41% |
05-02-2024 | ₹20 | ₹88 | 29.41% |
06-02-2024 | ₹15 | ₹83 | 22.06% |
07-02-2024 | ₹15 | ₹83 | 22.06% |
08-02-2024 | ₹18 | ₹86 | 26.47% |
09-02-2024 | ₹18 | ₹86 | 26.47% |
10-02-2024 | ₹12 | ₹80 | 17.65% |
11-02-2024 | ₹12 | ₹80 | 17.65% |
12-02-2024 | ₹12 | ₹80 | 17.65% |
Subscription Details :-
Date | Retail | Other | Total |
---|---|---|---|
February 2, 2024 | 7.50 | 1.33 | 4.42 |
February 5, 2024 | 27.45 | 5.04 | 16.25 |
February 6, 2024 | 54.04 | 14.11 | 34.12 |
February 7, 2024 | 120.25 | 177.37 | 154.23 |
Listing Details :-
Particulars | Value |
---|---|
Listing Date:- | February 12, 2024 |
NSE Symbol :- | ITALIANE |
ISIN:- | INE0R7R01018 |
Final Issue Price:- | ₹68.00 |
Open:- | ₹55.00 |
Low:- | ₹52.25 |
High:- | ₹57.75 |
Close:- | ₹57.75 |
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