Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Italian Edibles Limited IPO is going to open soon. So I will give you complete information about Italian Edibles Limited IPO here on IPO India.
On this article I will inform you about Italian Edibles Limited IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Italian Edibles Limited
Established in 2009, Italian Edibles Ltd. is a company that specializes in offering a wide variety of confectionery products including Rabdi (sweets), milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns and fruit based items. These products come under the OfCour brand.
The company operates two manufacturing facilities located at Gram Palda, Indore and Prabhu Tol Kanta, Indore, both located in Madhya Pradesh, India.
Italian Edibles has a nationwide presence in India with a strong focus on rural and semi-urban areas in various states like Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka. , Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal. In addition, the company exports its products to several countries including Nigeria, Yemen, Senegal and Sudan.
By August 31, 2023, Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R.K. Italian Edibles has a diverse customer base with notable clients such as Prabhavati Traders, Mamta Stores, Ma Lakshmi Traders, Surya Distributors. Additionally, one of its popular products, jelly candies, is supplied to Dharpal Premchand Limited (BABA) Group.
The company maintains a dedicated sales and marketing team of 15 employees to support its business operations.
Italian Edibles Limited IPO GMP
| Exp. Premium (GMP) | ₹[_] per Share |
About Italian Edibles Limited IPO
Here is some information about Italian Edibles Limited IPO which will help you in making a decision to invest in Italian Edibles Limited IPO. It appears to be a book-built offer with a total value of ₹26.66 crore, including entirely a fresh issue of 39.2 lakh shares.
Summary of the key details
- Issue Size: Rs 26.66 crores
- Offer for Sale: 39.2 shares
- Subscription Period: February 2, 2024 to February 7, 2024
- Allotment Date: February 08, 2024
- Listing Date: February 12, 2024
Price Range of Italian Edibles Limited IPO
- ₹68 per share
Lot Size of Italian Edibles Limited IPO
- Minimum Lot: 2000 Shares.
- Minimum Investment for Retail Investors: ₹136,000
Minimum Lot Size Investments for Italian Edibles Limited IPO
- HNI: 2 lots (4000 shares), amounting to ₹272,000.
This information provides potential investors with the details they need to participate in the Italian Edibles Limited IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
To Open a trading and demat account in Zerodha
Italian Edibles Limited IPO
| Open Date | February 02, 2024 |
| Close Date | February 07, 2024 |
| Allotment Date | February 08, 2024 |
| Listing Date | February 12, 2024 |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹68 Per Equity Share |
| Issue Size | 3,920,000 shares (Aggregating up to ₹26.66 Cr) |
| Market Lot (Min. Amount) | Retail: 2000 Shares (₹136,000/-) |
| Listing at Group(s) | NSE SME |
| Lead Manager | First Overseas Capital Limited |
| Register | Bigshare Services Pvt Ltd |
| Retail Portion | 50% |
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Valuations of Italian Edibles Limited IPO
| Earnings Per Share (EPS Pre IPO) | ₹2.43/- |
| Earnings Per Share (EPS Post IPO) | ₹3.41/- |
| P/E Ratio Pre IPO | 27.94 |
| P/E Ratio Post IPO | 19.97 |
| RoNW | 24.50% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
Italian Edibles Limited Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Aug 2023 | 4,824.64 | 3,052.16 | 209.68 | 1,287.92 | 202.21 | |
| 31 Mar 2023 | 4,155.24 | 6,330.09 | 264.21 | 1,078.24 | 906.82 | |
| 31 Mar 2022 | 3,905.45 | 7,545.25 | 80.21 | 814.03 | 642.60 | |
| 31 Mar 2021 | 3,946.43 | 4,899.44 | 86.52 | 583.82 | 433.82 |
Promoter(s)
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.47% |
Company Promotor(s):-
- Mr. Ajay Makhija
- Mr. Akshay Makhija
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.50% |
| ROCE | 19.32% |
| Debt/ Equity | 1.6 |
| RoNW | 24.50% |
| P/BV | 1.08 |
Issue Objective(s)
- Setting up of the proposed manufacturing unit
- Repayment of certain Borrowings
- To meet incremental working capital requirements
- General Corporate Expenses
Italian Edibles Limited IPO Registrar
| Name | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Italian Edibles Limited IPO Review
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Conclusion
In conclusion, the Italian Edibles Limited IPO presents an attractive investment opportunity for finance enthusiasts. Founded in 2009, Italian Edibles has carved a niche in the confectionery industry, offering a diverse range of products under the OfCour brand. The company’s nationwide presence in India and export operations in countries like Nigeria, Yemen, Senegal and Sudan underline its growth trajectory.
The IPO details indicate a total issue size of ₹26.66 crore, with a subscription period from February 2, 2024 to February 7, 2024. The listing date is set for February 12, 2024, and the issue price is ₹68 per share, with a minimum lot size of 2000 shares for retail investors. It is crucial for potential investors to note the risks associated with IPO investments and to conduct thorough research or seek professional advice before making investment decisions.
Italian Edibles Limited’s financials, valuation and key performance indicators provide insights into its fiscal health and growth potential. The promoters of the company, Mr. Ajay Makhija and Mr. Akshay Makhija, hold a substantial pre-issue shareholding of 100%, indicating their commitment to the success of the company. The objectives of the IPO, including setting up a manufacturing unit, repaying debt and meeting working capital requirements, are aligned with strategic expansion plans. As investors eagerly await the opening of the IPO on February 2, 2024, this is undoubtedly a significant opportunity in the ever-evolving financial market landscape.
Italian Edibles Limited IPO FAQs
When Italian Edibles Limited IPO is coming?
The Italian Edibles IPO opens on February 2, 2024 and closes on February 7, 2024.
What is the lot size of Italian Edibles Limited IPO?
Italian Edibles IPO lot size is 2000 Shares, and the minimum amount required is ₹136,000.
When Italian Edibles Limited 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.