31-Jan-2024
2 mins read
Italian Edibles Limited IPO 2024 is open for subscription from Friday, February 2, 2024 and will close on Wednesday, February 7, 2024. The price band is decided at Rs 68 per share. The minimum lot size of this application for the retail category is 2000 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 4000 shares. The minimum amount of investment required for retail category investors is Rs 1,36,000 (68 x 2000 shares). However for HNI category the minimum investment amount is required Rs 2,72,000 (68 x 4000 shares). Italian Edibles Limited IPO 2024 is a fixed price issue of Rs 26.66 crores. The issue is an entirely Fresh issue of 39.2 lakh equity shares. The book running lead manager of Italian Edibles Limited is First Overseas Capital Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for the Italian Edibles Limited IPO is Nikunj Stock Brokers.
About Italian Edibles Limited Profile
Italian Edibles Limited was founded in 2009 and it is engaged in the food business. Company offers a wide range of confectionery sweet products like Rabdi, Milk paste, chocolate paste, lollipops, candies, jelly sweets, multigram puffed buns and many other products under its brand name OfCour’s. Company had two manufacturing facilities at Gram Palda, Indore and Prabhu Toll Kanta Indore (M.P). Italian Edibles has been a key player in the confectionery world for over 15 years. Company’s aim is to provide the highest quality confectionery products to its customers at competitive prices. Some of famous products are Militry Malia (Rabdi), Likwi Likwi chocolate paste, Whistle Heart Lollipop etc. Company had a presence all over India and products were sold in the different states of the country. Moreover, the company also exports its products in countries like Nigeria, Yemen, Sudan, Sinegal. As per August 2023 record, the company’s customer lists includes Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, Suria Distributor etc.
Objectives of Italian Edibles Limited IPO 2024
The objective of this IPO is to raise funds for the expansion of the business. The net proceeds from the issue will be used for setting up of the proposed manufacturing unit and repayment of past borrowings. Other than this, funds will be used to meet the incremental working capital requirements and General corporate expenses.
Financial Performance of Italian Edibles Limited
Company’s revenue decreased by -16.1% and profit after tax increased by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Aug-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 642.6 | 433.82 |
| Amt in Lakhs |
Other Important Details of Italian Edibles Limited IPO
| IPO Date | February 2, 2024 to February 7, 2024 |
| Listing Date | 12-Feb-24 |
| Face Value | Rs 10 per share |
| Price | Rs 68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,920,000 shares (amounting to Rs 26.66 Crore) |
| Fresh Issue | 3,920,000 shares (amounting to Rs 26.66 Crore) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 10,857,151 |
| Shareholding post issue | 14,777,151 |
| Market Maker portion | 200,000 shares Nikunj Stock Brokers |
Lot Size of Italian Edibles Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | Rs 136,000 |
| Retail (Max) | 1 | 2000 | Rs 136,000 |
| HNI (Min) | 2 | 4,000 | Rs 272,000 |
IPO Reservation of Italian Edibles Limited
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Promoters of Italian Edibles Limited and Holdings
The promoters of the company are Mr. Ajay Makhija and Mr. Akshay Makhija.
| Shareholding Pre Issue | 100% |
| Shareholding Post Issue | 73.47% |
Time-Table of Italian Edibles Limited IPO 2024
| 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 |
Key Performance Indicator of Italian Edibles Limited IPO 2024
The market capitalization of Italian Edibles Limited Rs 100.48 crore.
| KPI | Values |
| ROE | 24.50% |
| ROCE | 19.32% |
| Debt/Equity | 1.6 |
| RoNW | 24.50% |
| P/BV | 1.08 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.43 | 3.41 |
| P/E (x) | 27.94 | 19.97 |
Lead Manager(s) of Italian Edibles Limited IPO 2024
The lead manager for Italian Edibles Limited IPO is First Overseas Capital Limited.
How to Apply for Italian Edibles Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Italian Edibles Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Italian Edibles Limited IPO 2024
The registrar for Italian Edibles Limited IPO is Bigshare Services Private Limited. To check your allotment status, please click on this link below https://www.bigshareonline.com/ipo_Allotment.html
FAQs
- What is Italian Edibles Limited IPO 2024?
Italian Edibles Limited IPO 2024 is a fixed price issue of Rs 26.66 crores. The issue is an entirely Fresh issue of 39.2 lakh equity shares. The price band is decided at Rs 68 per share. The minimum lot size of this application for the retail category is 2000 shares.
- Who are the lead managers for the Italian Edibles Limited IPO 2024?
First Overseas Capital Limited are appointed as the lead managers for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for the Italian Edibles Limited handling the IPO’s administrative aspects.
- How can I apply for the Italian Edibles Limited IPO 2024?
The public subscription of this IPO has already begun. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The net proceeds from the issue will be used for setting up of the proposed manufacturing unit and repayment of past borrowings. Other than this, funds will be used to meet the incremental working capital requirements and General corporate expenses.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Italian Edibles Limited IPO 2024 by visitinghttps://www.bigshareonline.com/ipo_Allotment.html
- What is the financial performance of Italian Edibles Limited?
Company’s revenue decreased by -16.1% and profit after tax increased by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.