Italian Edibles Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,860,000 (47%) | — | ₹1,265 Cr |
| Retail | — | 1,860,000 (47%) | — | ₹1,265 Cr |
| Market Maker | — | 200,000 (5%) | — | ₹14 Cr |
| Σ Total | — | 3,920,000 (100%) | — | ₹26,656 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹136,000 |
| Retail (Max) | 13 | 26,000 | ₹1,768,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,904,000 |
| B-HNI (Min) | 67 | 134,000 | ₹9,112,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 3,052 | 6,330 | 7,545 |
| Profit After Tax | 210 | 264 | 80 |
| Net Worth | 1,288 | 1,078 | 814 |
| Total Assets | 4,825 | 4,155 | 3,905 |
| Reserves & Surplus | 202 | 907 | 643 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Setting up of the proposed manufacturing unit; –
- Repayment of certain Borrowings; –
- To meet incremental working capital requirements; and –
- General Corporate Expenses. –
Company Overview
Founded in 2009, Italian Edibles Limited offers a wide range of confectionery products such as Rabdi [Meethai Sweet], milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based products under its OfCour's brand.
The company has two manufacturing facilities at Gram Palda, Indore and Prabhu Toll Kanta, Indore (Madhya Pradesh).
Italian Edibles is present all over India, especially in the rural and semi-urban areas 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 also exports its products to various countries such as Nigeria, Yemen, Sinegal, and Sudan.
As of August 31, 2023, the Company's customer list includes Chocolate World, Yuvraj Agency, Bakewell Biscuits Private Limited, R. K. Prabhavati Tarders, Mamta Stores, Ma Laxmi Traders, Suria Distributor, etc. In addition, one of its products, namely Jelly Candies, is sold to Dharpal Premchand Ltd (BABA) Group.
The company has a dedicated sales and marketing team consisting of 15 employees.