Italian Edibles Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Italian Edibles Ltd IPO

Confectionery in a broader sense implies the preservation of sweet delicacy preparation in the form of candies, caramels, chocolate, processed cocoa and milk and traditional Indian confections. Keeping in mind the company's mantra Sharing is Everything and Delightful Creation and Boundless Joy, our company has been manufacturing delicious mouthwatering confectionery products for the last 14 years. Its confectionery products are sold under the brand name of Ofcour'y. The Company offers a wide range of confectionery's such as Rabdi [Meethai Sweet], Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, Fruit Based Products to its customers. India being a country with different cultures, many festivals and occasions, celebration with confectioneries plays a major role in those special occasions, festivals etc.

Italian Edibles Ltd IPO Details

Total Shares Offered

₹ 39,20,000

Offer to Public

TBA

Retail Max (Shares)

₹ 18,60,000

Pre Issue Promoters Holding

₹ 1,08,56,201

Exchange

NSE

Issue size

TBA

IPO Open Date

Feb 2, 2024

Close Date

Feb 7, 2024

Lot Size

2000

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

Feb 12, 2024

Italian Edibles Ltd IPO Dates

Feb 2, 2024

Opening date

Feb 7, 2024

Closing date

Feb 8, 2024

Basis of Allotment

Feb 9, 2024

Initiation of Refunds

Feb 9, 2024

Credit of Shares

Feb 12, 2024

Listing date

Details

Sector	Type
Sector	Food - Processing - Indian
Sub Sector	NA
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	0
NII	0x	1860000
Retail	0x	1860000
Employee	0x	0
Total	0x	3920000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1860000

3920000

Italian Edibles Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	5.03	5.45	5.21
EBITDA	5.24	6.78	6.99
PAT	3.05	3.10	2.62
Total Assets	63.84	55.27	34.10
Share Capital	14.78	14.78	1.71
Total Borrowings	22.19	18.79	17.04
Operating Activities (Net Cash)	3.26	4.43	4.40
Investing Activities (Net Cash)	-0.95	0.00	-1.07
Financing Activities (Net Cash)	22.19	18.79	17.04
Net Cashflow	0.40	0.67	0.22

About Italian Edibles Ltd

Italian Edibles Limited was originally incorporated as Italian Edibles Private Limited on December 16, 2009 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Madhya Pradesh and Chattisgarh. Subsequently, the name of the company was changed from Italian Edibles Private Limited to Italian Edibles Limited under The Companies Act, 2013 pursuant to a special resolution passed by our shareholders at the EGM held on September 06, 2023 and had obtained fresh certificate of incorporation dated September 21, 2023 issued by the Registrar of Companies, Gwalior. The CIN of the Company is U15141MP2009PLC022797.

The India confectionery market size reached INR 338.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 485.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028. Confectionery refers to a wide range of food products that are rich in sugar and other sweeteners. They are prepared by using several ingredients, such as stabilizers, emulsifiers, gelling, flavoring, and thickening agents, which assist in enhancing the texture, taste, appearance, and elasticity of products. Confectionery items commonly include chocolates and non-chocolate candies, such as gum, ice cream, frozen desserts, sweet baked goods, etc. These products are widely available across supermarkets, online platforms, retail shops, bakery stores, hypermarkets, etc.

Peer Comparison:

Lotus Chocolate Company Ltd
Tapi Fruit Processing Ltd

Italian Edibles Ltd Key Points

Strengths

Well Established Brand name and goodwill amongst market players.

Consistent focus on quality.

Well established relationships with its suppliers and wide channel of sales and distribution network.

Diversified Product Portfolio.

Experienced promoter and management team.

Risk

There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.

The company intends to use a portion of the Net Proceeds to prepay / repay certain loan facilities.

The company proposes to utilize a portion of its Net Proceeds towards setting up of manufacturing unit in Tillor Khurdh area in Indore district, Madhya Pradesh.

Strategy

Setting up of new manufacturing unit.

Sustain its focus on semi urban and rural markets.

Focus on consistently meeting quality standards.

Improving operational efficiencies.

Well established relationships with its suppliers and wide channel of sales and distribution network

How To Apply for Italian Edibles Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Italian Edibles Ltd IPO?

Italian Edibles Ltd's IPO offers shares for up to 26.66 It begins on Feb 2, 2024 and ends on Feb 7, 2024.

What is the price of the Italian Edibles Ltd IPO?

The price of Italian Edibles Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Italian Edibles Ltd IPO?

The Italian Edibles Ltd IPO opens on Feb 2, 2024 and closes on Feb 7, 2024.

When will the Italian Edibles Ltd IPO be allotted?

The allotment for the Italian Edibles Ltd IPO will be finalised on Feb 8, 2024. The shares will be listed on BSE and NSE on Feb 12, 2024.

What is the minimum lot size required for Italian Edibles Ltd IPO?

The minimum lot size for Italian Edibles Ltd IPO is 2000 shares, priced between NA to NA per share.

What is the GMP of Italian Edibles Ltd IPO?

The GMP (Grey Market Premium) of Italian Edibles Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Italian Edibles Ltd IPO?

To check the allotment status of Italian Edibles Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Italian Edibles Ltd IPO getting listed?

The Italian Edibles Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 2, 2024, and closes on Feb 7, 2024. The allotment is finalised on Feb 8, 2024.

How do you apply for the Italian Edibles Ltd IPO?

To apply for the Italian Edibles Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.