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:
- Setting up of the proposed manufacturing unit.
- Repayment of certain borrowings.
- To meet incremental working capital requirements.
- General corporate expenses.
#3. Italian Edibles IPO Core Strengths
- Well established brand name and goodwill amongst market players.
- Consistent focus on quality.
- Well established relationships with our suppliers and wide channel of sales and distribution network.
- Diversified product portfolio.
- 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. |
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