Italian Edibles IPO

The initial public offering (IPO) of Italian Edibles will open for subscription on February 02 and close on February 07, a fresh issue of Rs. 26.66 crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on February 12, 2024. 

#1. Quick Intro to Italian Edibles   

Italian Edibles Limited (2009) offers a wide range of confectionery items such as Rabdi, Milke paste, Chocolate Paste, Lollipops, candies, fruit-based products, etc. under the brand name “OfCour’s”.

The company sold its product on PAN India through local wholesalers and distributors. The company also exports its products to Yemen, Sudan, and other countries.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Italian Edibles   

The company intends to use the IPO Funds for the following purposes: 

1. Setting up of the proposed manufacturing unit.
2. Repayment of certain borrowings.
3. To meet incremental working capital requirements.
4. General corporate expenses.

#3. Italian Edibles IPO Core Strengths 

1. Well established brand name and goodwill amongst market players.
2. Consistent focus on quality.
3. Well established relationships with our suppliers and wide channel of sales and distribution network.
4. Diversified product portfolio.
5. Experienced promoter and management team.

#4. Italian Edibles IPO Review & Rating

Issue Size	Rs.26.66 Crore
Issue Price	Rs.68 per share
Minimum Lot Size	2000 Shares
Total Profit (March 2023)	Rs. 264.21 (lakhs)
ROE	24.50%
ROCE	19.32%
Listing on	NSE SME
IPO Deliver Rating	One

 

#5. Italian Edibles IPO Dates, Price Band & Details

Italian Edibles IPO will open on  February 02, 2024, and close on February 07, 2024. The IPO is to be listed on February 12, 2024.  

Type of issue	Fixed Price Issue IPO
Issue Size	Rs.26.66 Crore
Price Brand	Rs.68 per share
Face Value	Rs. 10/- per share
IPO Open Date	February 02, 2024
IPO Close Date	February 07, 2024
IPO Allotment Date	February 08, 2024
Refund Date	February 09, 2024
Share Credit Date	February 09, 2024
Listing Date	February 12, 2024

 

#6. Italian Edibles IPO Offer Details

Italian Edibles IPO’s total issue size is 1,36,000 shares, comprising the below-mentioned categories. 

Offer Category	Shares Offer	Amount (Crore)
Fresh Issue	1,36,000	26.66
Offer for Sale (OFS)	–	–

 

#7. Italian Edibles Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.)	March 31, 2023	March 31, 2022	March 31, 2021
Total Revenue	908.82	642.60	433.82
Net Worth	1,078.24	814.03	583.82
Profit	264.21	80.21	86.52
Total Borrowings	–	–	–

 

#8. Italian Edibles Quantitative Factors 

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category	March 31, 2023	March 31, 2022	March 31, 2021
EPS (Rs.)	2.43	0.75	0.81
RoNW (%)	24.50	9.85	14.82
NAV (Rs.)	62.90	–	–

 

#9. Italian Edibles Comparison with Other Peer Companies

Listed companies in India are comparable in all aspects of the business. 

Company Names	Total Revenue  (Rs. in Lakhs))	RoNW (%)	NAV (Rs.)
Lotus Chocolate Company Limited	6271.80	–	-5.09
Tapi Fruit Processing Limited	2067.21	-2.47	20.06

 

#10. Italian Edibles Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No.	Name of Promoters
01.	Ajay Makhija
02.	Akshay Makhija

 

#11. Italian Edibles Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding	Percentage (%)
Pre-issue	100.00
Post-issue	73.47

 

#12. Italian Edibles IPO Reservation Details

Italian Edibles IPO total reservation shares are distributed between the below-mentioned categories. 

Category	Share Offered
Retail Share Offered	50% of the issue size
Other Shares Offered	50% of the issue size

 

#13. Italian Edibles  IPO – Lot Size

An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application	Lot Size	No. of Shares	Amount (Rs.)
Retail (Min.)	1	2000	136,000
Retail (Max.)	1	2000	136,000
HNI (Min.)	2	4000	272,000
HNI (Max.)	–	–	–

 

#14. Italian Edibles IPO – Prospectus Copy

An investor can download/view the Italian Edibles prospectus copy, which the company filed to exchange, details are as follows. 

Italian Edibles IPO Prospectus

Draft Red Herring Prospectus (DRHP)

Red Herring Prospectus (RHP)

 

#15. Italian Edibles IPO Registrar 

Bigshare Services Private Limited 

Phone No.: +91-022-62638200

E-Mail: ibo@bigshareonline.com

Website: www.bigshareonline.com

#16. Italian Edibles IPO Lead Manager

First Overseas Capital Limited 

Phone No.: +91-022-40509999

E-Mail: mb@focl.in

Website: 

#17. Italian Edibles IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Italian Edibles  IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Italian Edibles    Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Italian Edibles    Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Italian Edibles Company Details

Italian Edibles Limited 

Registered Office: 309/1/1/18 Block No.3, Mangal Udhyog Nagar, Gram Palda, Indore-452020, Madhya Pradeep 

Phone No: +91-9826298268

Email: italian_edibles@yahoo.com

Website: www.ofcoursegroup.com

Investor Grievances/Compliance Officer: Sunila Kalra

#19. Italian Edibles Subsidiary Companies (Top 2)

Sr.No.	Name of Companies (Indian)
01.	–
02.	–

 

#20. Italian Edibles Company Board (Top 2)

Sr. No.	Name of Directors
01.	Ajay Makhija
02.	Akshay Makhija

 

Italian Edibles IPO – Frequently Asked Questions (FAQs)

#1. What is an Italian Edibles IPO? Italian Edibles brings its IPO of Rs.26.66 Crore, on February 02, 2024, with a price band of Rs.68 share.

 

#2. What is the Italian Edibles IPO Open date? Italian Edibles IPO’s opening date is February 02, 2024.

 

#3. What is the Italian Edibles IPO Close Date? Italian Edibles IPO’s closing date is February 07, 2024.

 

#4. What is the Italian Edibles IPO Listing date? Italian Edibles’s IPO listing date is February 12, 2024.

 

#5. What is the Italian Edibles IPO Minimum investment amount? Italian Edibles IPO’s minimum investment amount is Rs. 1,36,000.

 

#6. What is the Italian Edibles IPO offer issue Size? Italian Edibles offers an issue size of Rs. 26.66 Crore.

 

#7. What is the Italian Edibles IPO Price Band? Italian Edibles’s IPO price band is Rs.68 per share.

 

#8. Is Italian Edibles IPO mainboard IPO or SME IPO? Italian Edibles IPO is an SME IPO.