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Italian Edibles IPO

Italian Edibles IPO

  • Status: Closed
  • RHP:
  • ₹ 136,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    02 Feb 2024

  • Close Date

    07 Feb 2024

  • IPO Price Range

    ₹ 68

  • IPO Size

    ₹ 26.66 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    12 Feb 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Italian Edibles IPO Subscription Status

Last Updated: 09 February 2024 4:41 PM by 5Paisa

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.

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

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


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.
 

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FAQs

Italian Edibles IPO opens from 2nd February to 7th February 2024.
 

The size of Italian Edibles IPO is ₹26.66 cr. 

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.

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 

The price band of Italian Edibles IPO is fixed at ₹68 per share. 

 

The minimum lot size of Italian Edibles IPO is 2000 shares and the investment required is ₹1,36,000.

The share allotment date of Italian Edibles IPO is 8th February 2024.

The Italian Edibles IPO will be listed on 12th February 2024.

First Overseas Capital Limited is the book-running lead manager for 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.