What you must know about Italian Edibles IPO?
by 5paisa Research Team
29 Jan 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 12-Feb-24
- IPO Price Range ₹ 68
- Listing Price ₹ 55
- Listing Change -19.1%
- Last Traded Price ₹ 33.35
- Current Change -51.0%
Italian Edibles IPO Details
- Open Date 02-Feb-24
- Close Date 07-Feb-24
- Lot Size 2000
- IPO Size ₹ 26.66 Cr
- IPO Price Range ₹ 68
- Min Investment ₹ 136000
- Listing Exchange NSE SME
- Basis of Allotment 08-Feb-24
- Refunds 09-Feb-24
- Credit to Demat Account 09-Feb-24
- Listing Date 12-Feb-24
Italian Edibles IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 2-Feb-24 | - | 1.33 | 7.50 | 4.42 |
| 5-Feb-24 | - | 5.04 | 27.45 | 16.25 |
| 6-Feb-24 | - | 14.11 | 54.04 | 34.12 |
| 7-Feb-24 | - | 177.37 | 120.62 | 154.43 |
Italian Edibles IPO Synopsis
Italian Edibles Limited IPO is all set to open from 2nd February to 7th February 2024. The company is engaged in the business of making confectionery products. The IPO includes a fresh issue of 3,920,000 shares worth ₹26.66 cr. The share allotment date is 8th February 2024, and the IPO will be listed on 12th February 2024 on the stock exchanges. The price is ₹68 and the lot size is 2000 shares.
First Overseas Capital Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Italian Edibles IPO:
Italian Edibles Limited plans to utilize the raised capital from the IPO to:
● To fund the construction of a manufacturing unit.
● To repay the debt obtained by the company.
● To meet working capital requirements.
● General corporate purposes.
About Italian Edibles
Italian Edibles Limited is engaged in the business of making confectionery products. This includes Rabdi (Meethai Sweet), Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, and Fruit Based Products.
The company has a PAN India presence with a focus on rural and semi-urban areas in States of Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerela, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal. The company sells its products via local wholesalers and distributors.
Italian Edibles also exports its confectionery products to countries like Nigeria, Yemen, Sinegal and Sudan. As of August 2023, the clientele of the company included names like Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Tarders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, and more.
Peer Comparison
● Lotus Chocolate Co. Limited
● Tapi Fruit Processing Limited
For More Information:
Webstory on Italian Edibles IPO
Italian Edibles Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 63.21 | 75.41 | 48.90 |
| EBITDA | 6.90 | 4.37 | 3.59 |
| PAT | 2.64 | 0.80 | 0.87 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 41.55 | 39.05 | 39.46 |
| Share Capital | 1.71 | 1.71 | 1.50 |
| Total Borrowings | 30.77 | 30.91 | 33.62 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 5.80 | -1.38 | 3.19 |
| Net cash from / (used in) investing activities | -1.11 | -0.41 | -2.21 |
| Net cash flow from / (used in) financing activities | -4.77 | -3.94 | 4.37 |
| Net increase (decrease) in cash and cash equivalents | -0.08 | -5.74 | 5.35 |
Italian Edibles IPO Key Points
-
Strengths
1. The company has an Established Brand name and goodwill amongst market players.
2. It has ISO 22000:2018 certification for Food Safety Management Systems.
3. It also has long-term relationships with suppliers and distributors.
4. It has a well-diversified product portfolio.
5. Experienced promoter and management team
-
Risks
1. Any contamination or deterioration in confectionery products could result in legal liability.
2. High working capital requirements.
3. The company has unsecured loans that can be called anytime.
4. Reported negative cash flows in the past.
5. Operates in a highly competitive industry.
Italian Edibles
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Italian Edibles IPO FAQs
When does the Italian Edibles IPO opens and closes?
Italian Edibles IPO opens from 2nd February to 7th February 2024.
What is the size of the Italian Edibles IPO?
The size of Italian Edibles IPO is ₹26.66 cr.
How to apply for the Italian Edibles IPO?
To apply for Italian Edibles IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Italian Edibles IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Italian Edibles IPO?
The GMP value of every IPO changes daily. To view today's GMP of Italian Edibles IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of the IPO?
The price band of Italian Edibles IPO is fixed at ₹68 per share.
What is the minimum lot size and investment required for the Italian Edibles Limited IPO?
The minimum lot size of Italian Edibles IPO is 2000 shares and the investment required is ₹1,36,000.
What is the allotment date of the Italian Edibles Limited IPO?
The share allotment date of Italian Edibles IPO is 8th February 2024.
What is the Italian Edibles Limited IPO listing date?
The Italian Edibles IPO will be listed on 12th February 2024.
Who are the book runners for the Italian Edibles Limited IPO?
First Overseas Capital Limited is the book-running lead manager for Italian Edibles IPO.
What is the objective of Italian Edibles IPO?
Italian Edibles Limited plans to utilize the raised capital from the IPO to:
1. To fund the construction of a manufacturing unit.
2. To repay the debt obtained by the company.
3. To meet working capital requirements.
4. General corporate purposes.
Contact Details of Italian Edibles IPO
Contact Information
Italian Edibles Limited
309/1/1/8 Block No.03,
Mangal Udhyog Nagar, Gram Palda,
Indore - 452020
Phone: +91 9826298268
Email: italian_edibles@yahoo.com
Website: https://www.ofcoursegroup.com/
Italian Edibles IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Italian Edibles IPO Lead Manager
First Overseas Capital Limited
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