Italian Edibles Ltd IPO
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Italian Edibles Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 39.2 L | TBA | ₹ 18.6 L | ₹ 108.56 L | NSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 02 Feb, 24 | 07 Feb, 24 | 2000 | TBA | Fixed Price - SME | 12 Feb, 24 |
Italian Edibles Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 1860000 | 0 |
| Retail | 0x | 1860000 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 3920000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Italian Edibles Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 5.45 | 5.21 | 2.72 |
| EBITDA | 6.78 | 6.99 | 4.07 |
| PAT | 3.09 | 2.62 | 0.80 |
| Total Assets | 57.19 | 34.10 | 31.96 |
| Share Capital | 14.78 | 1.71 | 1.71 |
| Total Borrowings | 18.71 | 17.04 | 17.46 |
| Operating Activities (Net Cash) | 4.42 | 4.40 | 2.15 |
| Investing Activities (Net Cash) | 0.00 | -1.07 | -1.05 |
| Financing Activities (Net Cash) | 18.71 | 17.04 | 17.46 |
| Net Cashflow | 0.67 | 0.22 | 0.31 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Lotus Chocolate Company Ltd
- Tapi Fruit Processing Ltd
Italian Edibles Ltd IPO 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
- 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.
How To Apply for Italian Edibles Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.
